The Parliamentary Finance Committee revealed that the three-year budgets will pass in accordance with the political agreement, with the addition of a condition to the government.

Member of the Committee, MP Jamal Cougar, stated, in a statement to the National Iraqi News Agency (NINA), that the prevailing opinion in the House of Representatives is that the budget pass for three years with the addition of a condition or restriction on the government, obliging the government to submit the budget for the coming years to Parliament to make amendments to it, or some budgets to make changes, because a loan cannot be paid now and at the same time pay the amount for the next two years, and oil prices can change and therefore we need to adjust the budget figures.

He explained, “The discussions on the budget with ministers and specialists are still continuing, due to its full maturity and completion, and it can be passed in the coming days with political consensus, and it will not exceed the current month.”

Cougar pointed out that the authority of the Finance Committee is to reduce budget numbers, transfer amounts and chapters among ministries, institutions and governorates as needed, and add paragraphs that do not contain a financial aspect.

Source: National Iraqi News Agency