Sending budget tables to the Cabinet, 28 MARCH

 The government issued new assurances on Wednesday regarding the country's financial situation. Deputy Prime Minister and Minister of Planning, Mohammed Tamim, announced the completion of the 2025 budget schedules and their submission to the Council of Ministers. Meanwhile, 

the Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed that Iraq's public finances are resilient to oil price fluctuations. 

The Ministry of Finance, for its part, ensured financial stability by disbursing salaries on time, as well as disbursing pensioners' salaries before Eid al-Fitr. In a meeting with the Parliamentary Finance Committee, the Minister of Planning confirmed that the schedules include funding for ongoing projects without adding new ones.

According to information published by "Al-Sabah", the (2025) budget is expected to reach about (200) trillion dinars with an estimated deficit of (64) trillion dinars. For his part, the financial advisor, Mazhar Muhammad Salih, explained that Iraq is hedging against oil price fluctuations, and that the first quarter of (2025) passed without financial turmoil, while ensuring the stability of salaries and social care, in addition to implementing service projects.

Saleh pointed out that "the price of a barrel of oil in the Federal Budget Law for the three years, issued pursuant to Law No. (13) of (2023), was set at about (70) dollars, which ensures the stability of public revenues despite global economic challenges."  link