Good news regarding the federal budget

On Tuesday, the coordination framework held a meeting in the presence of Prime Minister Muhammad Shiaa Al-Sudani.

A statement following the meeting stated that the attendees discussed the financial budget tables and stressed the necessity of approving it to achieve the interests of citizens and support the economic situation.

The meeting also stressed the importance of proceeding with the election of the Speaker of the House of Representatives as soon as possible.

A political source revealed to Shafaq News Agency, Monday, that the reason for the meeting was due to objections to the budget schedules sent by the Iraqi government, by the framework forces, and the refusal to pass them in their current form.

The government sent the budget schedules to Parliament for a vote after a delay of more than five months as a result of technical problems centered around the size of the deficit and the government’s attempts to reduce it.

There was controversy over the budget schedules after allocating an investment budget to the provinces amounting to 41 trillion Iraqi dinars, which some saw as unfair to the provinces by reducing their shares in exchange for increasing the Kurdistan Region’s share of 4 trillion, which the government denied.

The 2024 budget, according to what Prime Minister Muhammad Shiaa Al-Sudani announced, amounts to 211 trillion dinars, and employee salaries for the year 2024 amount to 62 trillion dinars, while the 2023 budget was 199 trillion dinars and employee salaries were 59 trillion dinars.

The revenues of the 2024 budget are estimated at 144 trillion and 336 billion dinars, while expenditures amount to 210 trillion and 936 billion dinars, while the deficit is 63 trillion and 599 billion dinars.

Shafaq.com