Baghdad / NINA /- The Parliamentary Finance Committee revealed a new government strategy to prepare financial budgets for the next three years.

The committee's Rapporteur, Ahmad al-Saffar, said in a statement to the National Iraqi News Agency (NINA), "The budget for next year 2021 will be ready soon, as the government proceeded to form a special committee in the budget department at the Ministry of Finance, and members of the Parliamentary Finance Committee and representatives of the regional government will participate in it. He pointed out that "three financial budgets will be prepared, respectively, for the coming years 2021-2022-2023."

He added that "the 2021 budget will be compulsory for the government if it is passed by a vote in the House of Representatives," noting that "the other budgets for the years 2022-2023 will remain ready-planned budgets until the financial year arrives, as changes will be made and revised in a timely manner to ensure speedy legislation and approval."

He explained that "the new committee practically began preparing the draft general budget in accordance with a new strategy for the next three years."

The representative of the government in Parliament, Torhan Al-Mufti, announced that the 2020 budget law has arrived to the parliament yesterday, Monday.

During its extraordinary session held last Monday, the Council of Ministers voted on the Federal Budget Law of the Republic of Iraq for the fiscal year / 2020, and referred it to the House of Representatives based on the provisions of Articles 61 of the Constitution. / End







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