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Allawi chairs the meeting of the Budget Committee
Economy News - Baghdad
The Minister of Finance, Ali Abdul Amir Allawi, confirmed, on Thursday, that the long-term goals will be easily linked with future budgets to provide tools and procedures for preparing financial departments and determine priorities for activities to achieve the strategic goals of projects in proportion to the financial revenues of the country.
The ministry stated in a statement, seen by Al-Iqtisad News, that “Minister Ali Abdul-Amir Allawi chaired yesterday, Wednesday, the fifth session of the committee for preparing the federal budget strategy for the medium term 2022-2024 in the presence of the prime minister's advisors, the advisor of the Minister of Finance and the Undersecretary of the Ministry. Planning and directors general of the ministry and other ministries. "
The committee discussed, according to the statement, "a brief report that included completed and unfinished investment projects, in addition to projects that are lagging in most governorates. The committee also discussed the contractor dues and methods of scheduling them."
The minister said that "the committee's actions and steps will contribute to building a sound and stable financial situation for the country, which will enhance the approach of preparing budgets for the coming years within the available financial resources to address the lag in strategic projects in the governorates."
The minister affirmed that "long-term goals will be easily linked with future budgets to provide tools and procedures for preparing financial administrations and to prioritize activities to achieve strategic objectives of projects in proportion to the country's financial revenues."
The committee also completed, according to what was stated in the statement, "the meeting's agenda, which included several paragraphs of it with regard to financial and economic matters related to other ministries."
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