Baghdad: The Council of Representatives voted, in its session today, Sunday, on the draft of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 – 2024 – 2025) No. (13) of 2023.

According to National Iraqi News Agency, the vote marks a significant step in the legislative process regarding Iraq’s financial planning and allocation for the mentioned fiscal years. The amendment aims to address specific areas within the existing budgetary framework, which was initially enacted as Law No. (13) of 2023.

The Federal General Budget Law serves as a critical financial document guiding the country’s expenditures and revenues. The proposed amendment seeks to refine certain allocations and financial strategies to better align with Iraq’s economic goals and challenges over the next three years.

Lawmakers, through this amendment, are looking to ensure that the budget reflects the country’s priorities and supports sustainable economic growth. The amendment process involves comprehensive discussions and evaluations by the Council to ensure that the budgetary provisions meet the current and future needs of the Republic of Iraq.