Finance: The draft budget is being prepared in preparation for submission to the Council of Ministers

January 14, 2023

Baghdad / Obelisk: The Ministry of Finance confirmed, on Saturday 14/01/2023, that the draft budget law is still in the process of preparation, denying the information received regarding revenues and expenditures on social media platforms.

A statement by the ministry, received by Al-Masalla, said that the Ministry of Finance has monitored many false and incorrect information circulating on social media platforms regarding the volume of expenditures and expected revenues within the draft draft general budget law for the year 2023.

The ministry confirmed, according to the statement, that this information is nothing more than a set of proposals received by ministries and unrelated entities, and is not the final form of the content of the budget law.

The statement added that the draft budget law is still in the process of preparation, and discussions in this regard are continuing with the various official authorities concerned to ripen the budget law after it includes the government curriculum approved by the House of Representatives, and work is underway to prepare the final draft of the project and then submit it to the Council of Ministers. To consider them and take recommendations as required by the current economic conditions of the country.

The statement continued, that work is underway to prepare the final draft budget in preparation for submission to the Council of Ministers.

According to the statement, the Ministry called on public opinion, specialists and all media professionals to receive information and news from its well-known official sources, through the Ministry’s website and its approved official pages.


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