TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES

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TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.

Member of Parliament Thaer Makhif confirmed that there are demands and intense debate within parliamentary circles regarding the necessity of releasing the 2025 budget schedules as soon as possible due to reasons related to investment projects and their suspension in most governorates.

Makhif told the Iraq Observer, “Although the budget was approved for three years, two years of which were distributed among the ministries, one year, the 2025 budget, has not yet been released, and the disbursement mechanism has not been determined.”

He added, “Finance Minister Taif Sami has begun to hint that there is no money, and this has angered the House of Representatives because many projects are stalled.” He pointed out that “among the stalled projects are two in Najaf Governorate affiliated with the Ministry of Water Resources, which were referred to contractors and have not yet begun work on them.”

He continued, “The representatives are keen to release the 2025 budget schedules and distribute these funds to ensure the sustainability and completion of stalled projects, especially since only a short period remains in the current government’s term.” He stressed the need to invest time optimally in the service of citizens and to keep the wheel of investment in the country turning, primarily.

It’s worth noting that the Ministry of Finance has completed the preparation of the budget tables following the Prime Minister’s approval. It is in the process of submitting them to the Council of Ministers for discussion and any necessary amendments. They will then be returned to the Ministry of Finance for referral to the House of Representatives.

The House of Representatives is expected to discuss the tables after the Eid al-Adha holiday, where a session will be held to ratify them. The Finance Committee will record its observations on the figures included in the tables, which are in line with the Iraqi government’s projected revenues for 2025, which do not exceed 150 trillion dinars, instead of the exaggerated figures of previous years, which ranged between 200 and 211 trillion dinars, of which only 156 trillion dinars were spent last year.

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