INSUBCONTINENT EXCLUSIVE:
2023-06-21T13:41:21.000000Z Share fontEnable Reading ModeA-AA+Shafaq News/ On Wednesday, Iraqi President Abdul Latif Jamal Rashid officially
ratified the Federal Financial Budget Law in Iraq.Emphasizing the significance of approving and implementing the budget, President Rashid
stated that it marks a "pivotal moment" for the government to execute its program
This program encompasses "ensuring the essential needs of citizens, providing vital services like healthcare and education, rehabilitating
infrastructure, and undertaking strategic projects that will positively impact people's daily lives."President Rashid stressed the
importance of rationalizing government expenditure, safeguarding public funds, and developing and diversifying the country's economic
resources, particularly in the face of economic and environmental challenges.Furthermore, the President commended the collective efforts of
all parties involved in the budget approval process
He highlighted the consideration given to operational and investment aspects and the commitment to ensuring fairness for low-income groups,
thus achieving social justice.On June 12, the Iraqi Parliament voted on the federal budget law for 2023, 2024, and 2025 after five
The budget for the current year amounts to 197 trillion and 828 billion Iraqi dinars (approximately 152.2 billion dollars), with a total
deficit of 63 trillion dinars (about 48.3 billion dollars)
This comprehensive budget aims to address the nation's pressing economic priorities and pave the way for sustainable development.
