Economist: Most of the amounts of the Food Security Law have been disbursed

Baghdad The economist and political expert, Jalil Al-Lami, confirmed: Most of the amounts of Food Security Law No. 2 of 2022 have been disbursed.

He told the National Iraqi News Agency (NINA) that the law provided for giving Al-Kadhimi government the authority to spend 25 trillion dinars from the surplus of the crude oil export process, provided that it is implemented in two phases. The remaining of the allocated funds will be the responsibility of Al-Sudani government, indicating that most of the state ministries have started, for quite some time, to implement the emergency support law for food security.

He explained: Most of the data confirm that the emergency support law for food security has been implemented by about 90%, and most of its amounts determined for the Al-Kadhimi government, amounting to more than 18 trillion dinars, have been disposed of by securing the items of the ration card and the food basket and settling the dues of the Iranian side for supplying gas to power stations, in addition to pay the farmers’ dues for the previous year and the current season, and what remains of the money that is still present, it is assumed that it went to the governorates at the level of developing the regions, amounting to 8 trillion dinars, with a thousand job degrees for each governorate that need to be activated, with the appointment of the firsts of universities and holders of higher degrees.

Al-Lami continued: The governorates have allocated these funds to finance projects that are now under completion, and this means that the food security law came to address some of the negative aspects of the absence of the general budget, and it could not include basic matters such as increasing unemployment and poverty rates as a result of the stumbling of investment spending within the budget.

Source: National Iraqi News Agency