PM's advisor: 2022 budget depends on the formation of the new government

The financial advisor to the Prime Minister, Mudhar Muhammad Salih, confirmed today, Friday, that the legislation of the 2022 budget depends on the formation of the new government. 

Salih said, to the Iraqi News Agency (INA), that "the Iraqi fiscal year ends at the end of December 31, 2021, and the effective financial management law begins directly, i.e. from the first day of January 2022 with spending at a rate of 1/12 of continuous actual expenditures. for the year 2021. 

He added, "This will continue until the issuance of the Federal General Budget Law for the year 2022, at which point the allocations are modified according to the new entitlements included in the legislated budget," noting that "the legislation of the Budget Law for the year 2022 depends on the date of the formation of the government and the upcoming parliament in all cases. ".