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Member of the Finance Committee, Ahmed Al-Saffar
Economy News - Baghdad
The Rapporteur of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, expected that Iraq would not have a budget law for the next year (2022) in the event that early parliamentary elections were held, indicating that the fate of the surplus from oil sales and the final accounts law would be unknown.
Al-Saffar said in a statement reported by "Rudaw" and seen by "Al-Iqtisad News", that "the Iraqi federal government formed a committee to prepare the draft federal general budget for 2022 in the General Budget Department of the Ministry of Finance, and the committee started its work last month, but no information is available so far. On the arrival of the draft general budget law for the year 2022 to the House of Representatives.
The decision of the Parliamentary Finance Committee indicated that “in the event of changes in the situation and the postponement of the elections, the 2022 budget bill will be sent to the House of Representatives for discussion.” The new parliament, because the new parliament will assume its duties and form the new government will take a year, according to al-Saffar’s expectations.
Regarding the final accounts, the rapporteur of the Finance Committee said, "The House of Representatives and the Federal Ministry of Finance do not have any information on the fate of the final accounts. No one knows the fate of the surplus from oil sales, and no one knows how the final accounts will be."
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