Iraq is heading to approve the Largest Budget in its History

  • Baghdad, Republic of Iraq
  • 9 May 2023
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Members of the Iraqi parliament are likely to pass the financial budget for the current year 2023, which is the largest in the history of the country, by 151 billion US dollars, in the middle of next month, as the parliament makes amendments to many paragraphs and sections in the budget before voting on it.

The Iraqi Council of Representatives received, in the middle of last month, the draft budget law for the current year and the years 2024 and 2025, by the Council of Ministers. Each budget was worth nearly 200 trillion dinars ($151 billion), the highest in the country's history.

The Iraqi parliament discussed the first reading of the project, where a member of the Finance Committee in the Iraqi parliament, Jamal Kojar, noted, "After the first reading of the budget law, we are currently working on studying and writing a report on the law and observations regarding the exchange sections in the law. Then this report will be discussed in the parliament session, which is hoped to be held in the coming days, and the budget is expected to be approved in the middle of next month."

Source (Al-Araby Al-Jadeed Newspaper, Edited)

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