Finance Committee finalizes budget for 2026
The article discussed the Iraqi Parliament's efforts to pass important financial laws amid the absence of the 2026 budget and the anticipation of the 2027 budget proposal. The aim is to address the financial and economic crisis. It highlighted that the Finance Committee is working on a draft borrowing law that grants the government the authority to borrow from international institutions to support expenditures, as well as a draft law allowing employees to take long-term leave of up to five years without pay. This is intended to overcome administrative challenges and to strike a balance between public interest and the labor market. The article also emphasized the necessity of submitting the 2027 budget proposal before mid-October 2023, in accordance with the law, to ensure its discussion and approval before the start of the new financial year.
Notice: This Is an AI-Generated Summary
Comments (0)