A law clarifies the possibility of submitting the 2022 budget to Parliament this month

Thursday 13 January 2022 11:58
 
Baghdad / NINA / - Legal expert Ali Al-Tamimi revealed the possibility of submitting the 2022 budget to Parliament this month.

Al-Tamimi explained in a statement: “Article 62 of the constitution requires the government to submit the final accounts to Parliament before approving the budget.. As for Article 8 of the Financial Management Law No. 6 of 2019 it is obligatory for the ministries of finance and planning to submit a draft general budget law to the Council of Ministers. early September of each year.

He added: "Article 11 of the above law required the financial management of the Council of Ministers after receiving the budget and submitting it to Parliament after discussing it in mid-October."

And she continued: "As for Article 13 of this law above, it said, in the event that the general budget law is not approved until December 31, the Minister of Finance will issue instructions to spend at a rate of 1/12 of the total expenditures."

And he stated: "The law of internal and external borrowing for the year 2020 .. it is only possible according to which internal and external borrowing for the year 2020 only."/ End 7

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