Baghdad: Finance Minister Taif Sami revealed the reasons for the delay in sending the 2025 budget tables to the House of Representatives. During a joint meeting with the Parliamentary Finance Committee on Sunday, Sami confirmed that the government seeks to send them as soon as possible, noting the importance of ending the financial dispute between the federal government and the regional government.

According to National Iraqi News Agency, Sami added that “the Ministry has made significant progress in restructuring government banks and implementing a comprehensive banking system, in addition to implementing the POS and electronic payment system, and expanding various banking services under the supervision of the Central Bank.”

Regarding the issue of taxes and customs automation, the Minister of Finance explained that “non-oil revenues generated from customs exceeded 2 trillion dinars, a percentage of which reaches the governorates.”

The Parliamentary Finance Committee held a joint meeting with Finance Minister Taif Sami on Sunday to discuss the government program, mechanisms for implementing the general budget, and the 2025 budget schedules. The meeting also addressed the financial management system and the mechanism for including project funding in governorates in the 2023 and 2024 budgets. It also discussed data related to financial funding, ways to bridge the budget deficit, and sovereign guarantees, in addition to studying appropriate solutions to maximize revenues.