Delayed approval of the budget

Delayed approval of the budget

Wednesday 17th February 2021 44

Dr.. Emad Al-Horsh Al-Tamimi

It is recognized that when starting to prepare any government program it is assumed that the allocations that were mentioned in the state’s general budget for the fiscal year preceding the year in which it is to be implemented, that is, implement the paragraphs of this program, if there is no reduction in these allocations, and then make sure that there are no obstacles It is impossible to implement its paragraphs, or to achieve the desired goal

Of his approval.

Therefore, it is assumed that the government program, and then the white reform paper, and after it the idea or term of financial engineering, and with it the corrective measures taken by the Finance Committee in the Iraqi parliament regarding this reform paper, have taken or taken the provisions of Article (13) of the Financial Management Law. No. (6) of 2019, which provided or avoided the government to face the problem of not approving the Federal Budget Law for any year, whether this problem is related to the inability to pay the sums allocated to ministries and government institutions salaries and other expenses, or in relation to data Financial (final account) for the current (new) year.


These measures are planned or drawn up in their accounts of the current financial crisis and have reduced or sought to reduce the allocations of the budget for the year 2019, which is the basis for which it is supposed to have been adopted, so they will be subject to special measures that have nothing to do with the budget as the provisions of paragraph (first) of the above article allow the government to spend A ratio of (1/12) or less of the total actual expenditures of current expenditures for the previous fiscal year, after excluding non-recurring expenditures, and on a monthly basis, and until the budget law is approved by the Council

Representatives.

We also find that paragraph (third) of the same article has allowed the government to deal with the problem of preparing financial accounts at the end of the year (the final account).

Under this legal paragraph, the financial statements of the previous year are considered as the basis for the financial statements for this (new) year, provided that they are submitted to the legislative authority. (House of Representatives) for the purpose of approving it, and by that, which government finds that this law has provided it with the legal framework to implement a mature government program that meets the aspirations of the people, and then gives an opportunity to the House of Representatives for the purpose of discussing the paragraphs of its budget, and making the required amendments if any, in order to reach a budget that meets its ambitions and achieves goals Its program.






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