Iraqi cabinet approves general budget
The Iraqi Prime Minister, Mohammed Shia Al-Sudani, during a meeting with his cabinet. Photo: Prime Minister’s press office
Baghdad (IraqiNews.com) – The Iraqi Council of Ministers approved on Monday the draft general budget and referred it to the Parliament to be put to the vote.
The Iraqi cabinet mentioned in a statement that the cabinet approved the draft federal general budget law for the fiscal years 2023, 2024 and 2025, in its regular session held under the chairmanship of the Prime Minister, Mohammed Shia Al-Sudani, and referred it to the Parliament.
The Iraqi government headed by Al-Sudani held a session on Monday that included discussing the draft federal budget law.
The Iraqi Minister of Finance, Taif Sami, announced on Sunday the completion of the draft federal budget law for 2023, adding that it was sent to the Council of Ministers to be discussed.
Sami mentioned in a statement that 2023 budget aims to address the effects of international, regional and local economic challenges.
Sami also elaborated that the new budget will focus on development priorities, support for the social protection network, and groups in dire need.
“We worked over the past months to come up with a budget that responds to the needs of the Iraqi economy,” Sami stated.
Additionally, the Finance Minister noted that the new budget provides a safe cover for strategic and sustainable development projects.