Latest news with #FederalBudgetLaw
Shafaq News
2 days ago
- Business
- Shafaq News
Finance Minister: Iraq's 2025 Budget Law under committee review
Shafaq News – Baghdad Iraqi Finance Minister Taif Sami informed lawmakers on Sunday that a special committee, formed by Prime Minister Mohammed Shia al-Sudani, is currently drafting the tables of the 2025 Federal Budget Law. Saad al-Tobi from the Parliamentary Finance Committee explained to Shafaq News that the draft tables will be sent to the Cabinet for approval before heading to Parliament. 'Information on revenues and expenditures remains limited,' he added. 'The documents will be ready for submission next month.' Earlier today, Parliament hosted Sami to discuss the delay in submitting the budget tables to the legislature. The appearance followed a formal request by Finance Committee Chair Atwan al-Atwani and, according to a parliamentary source, covered the implementation of the government program and the execution of the 2023–2025 Budget Law.
Shafaq News
08-07-2025
- Business
- Shafaq News
Iraqi MP: Cabinet to discuss Kurdish pay crisis
Shafaq News – Baghdad The Iraqi Council of Ministers will address the salary crisis in the Kurdistan Region during its regular session on July 8, a lawmaker revealed on Tuesday. Sabah Sobhi, the MP from the Kurdistan Democratic Party (KDP), told Shafaq News that the salary and oil disputes in the Region are on track to be resolved soon following a series of meetings between Baghdad and Erbil. He pointed out that the crisis has persisted since the amendment of Article 12 in the Federal Budget Law, adding, 'We hope the federal government will resolve the issue through legal and constitutional channels outlined in Articles 11 and 12.' On Monday, a delegation from the Kurdistan Regional Government (KRG) arrived in Baghdad—the second visit in two weeks—as part of ongoing efforts to reach an agreement with the Iraqi government, delivering the Region's formal response to the latest federal proposals.
Shafaq News
02-07-2025
- Politics
- Shafaq News
Iraqi lawmaker: 100+ laws on shelf in Parliament
Shafaq News – Baghdad Iraq's Parliament has stalled more than 100 draft laws, a member of the Parliamentary Legal Committee revealed on Wednesday. Abdul Karim Abtan told Shafaq News that Parliament remains effectively paralyzed and unable to meet, predicting these bills — including the Federal Supreme Court Law, Oil and Gas legislation, the Mandatory Military Service bill, and the Civil Service framework — will likely be deferred to the next term if the stalemate continues. Earlier, Mukhtar al-Moussawi of the Parliamentary Foreign Relations Committee blamed divisions within Iraq's ruling State Administration Coalition for blocking other key measures, including the Federal Budget Law and the Popular Mobilization Forces (PMF) Law.
Shafaq News
01-07-2025
- Politics
- Shafaq News
MP: Political divisions freeze Iraqi Parliament
Shafaq News – Baghdad Rifts among Iraq's ruling coalition have paralyzed parliamentary activity and derailed votes on major legislation, a lawmaker revealed on Tuesday. Mukhtar al-Moussawi, a member of the Foreign Relations Committee, told Shafaq News Agency that ongoing disputes between the blocs forming the government have reduced Parliament to little more than attendance. 'There's no consensus—sessions may be held, but without real outcomes,' he remarked. The deadlock has already obstructed key legislation, including the Federal Budget Law and the Popular Mobilization Forces (PMF) Law, he added, warning that continued disagreement could prevent sessions from taking place altogether. Al-Moussawi also criticized the government's role in deepening the impasse, describing an atmosphere where election campaigning has crossed legal boundaries. 'Political money is flooding the scene while Parliament remains idle—and ultimately, it's the Iraqi people who pay the price,' he added. With fewer than a week remaining before the end of Iraq's parliamentary recess, the stalemate has drawn growing concern. Several lawmakers have confirmed behind-the-scenes pressure from party leaders to delay sessions and block sensitive legislation, allegedly aiming to shield the government and some factions from controversy ahead of the November 11 elections.
Shafaq News
11-06-2025
- Business
- Shafaq News
Exclusive: Iraq to submit 2025 budget to Parliament in July
Shafaq News/ The draft 2025 Iraqi budget will be submitted to the Council of Representatives at the beginning of July, an Iraqi MP confirmed on Wednesday. The member of the Parliament's Finance Committee, Moeen Al-Kadhimi, told Shafaq News that the Ministry of Finance has finalized its comments on the Federal Budget Law's tables and submitted them to the Council of Ministers for review. The goal is to assess the overall budget and compare it to last year's figures in light of this year's decline in revenue. He explained that the Ministry is currently preparing the final budget tables, pending the cabinet's response to its remarks. The 2025 budget bill is expected to be referred to Parliament early next month, once approved by the Council of Ministers. The Finance Committee believes the budget should be aligned with actual revenues and not exceed 140–150 trillion dinars (about $99,044B - $10.611B)—the range adopted in the 2023 and 2024 budgets, Al-Kadhimi noted. Since 2023, Iraq has operated under a three‑year Budget Law covering 2023–2025, approved by Parliament in June 2023. This law requires the government to submit detailed annual budget tables—including revenue estimates and expenditure allocations—for legislative review and implementation each year. However, delays in delivering the 2025 tables have effectively stalled budget execution, raising concerns ahead of anticipated early elections.
