The appearance of Muhammad Salih: 150 trillion dinars, unamortised advances owed by the ministries

Update 07/12/2022 - 4:16 AM
  
Economy News-Baghdad

Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, revealed, on Sunday, the existence of huge un-amortized advances to the ministries, amounting to 150 trillion dinars, which prevents the completion of the final accounts .

Saleh said in a press interview, that "the obstacles that prevent the final accounts from being conducted are the lack of budgets, and the ministries borrowing huge amounts of money that have not been extinguished so far, exceeding 150 trillion dinars ."

He added, "The final account procedure requires the existence of a general state budget, and in the absence of it, it is necessary to issue a budget law (a reality) that is discussed and approved by the House of Representatives ."

Saleh explained, "The final accounts require that they be prepared in succession, as it is not possible to calculate a current year without making the calculation for the previous one, and this is expected to happen during the current year, in the event that a general budget of the state is not approved ."

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