Planning Ministry confirms the completion of the preparation of the investment side in the next year’s budget

Baghdad  The Ministry of Planning confirmed the completion of preparing the 2021 budget, indicating that it will send the general budget to the House of Representatives within about a month.

The Spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, told the official Agency that the Ministry has finished preparing the investment component in the 2021 budget that will be sent to the House of Representatives within about a month after it is approved by the Council of Ministers,” indicating that “the lack of financial revenues for the state will be a large problem in the 2021 budget in its investment side, so the focus will be on the operational side only.

Al-Hindawi added that “if there is a surplus in funds, it will shift it to the investment side, as priority will be for ongoing projects that are under implementation and completion rates in which have reached advanced stages,” stressing that “no new projects will be included in the 2021 budget.”

He explained that “we have more than six thousand projects in all governorates and in various fields, and most of them are threatened with suspension due to the lack of financial allocations,” noting that “the Ministry has opened ministries and agencies not associated with a Ministry and the provinces to set priorities for these projects, and if the necessary funds are available, the priority will be for specific projects, among them are projects of a service nature and projects that are under implementation and do not require much money to be completed.


Source: National Iraqi News Agency

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