rafidainscope - The First Deputy Chairman of the Parliamentary Finance Committee, Ahmed Al-Masari, confirmed that the federal budget bill is still awaiting the completion of government procedures and voting on it in the Council of Ministers before being sent to Parliament.
Al-Masari explained that the delay is due to the re-allocation of financial provisions for newly established ministries, affirming that the project will be referred to Parliament and the Finance Committee immediately upon its official approval by the Cabinet.
It is noteworthy that the proposed expenditure volume in the budget is estimated at about 217 trillion dinars, with an expected deficit reaching 50 trillion dinars, and the price of a barrel of oil calculated at 58 dollars according to preliminary estimates.
