Baghdad: The Parliamentary Finance Committee has outlined its perspective on the federal general budget tables, which the House of Representatives is currently awaiting from the government.

According to National Iraqi News Agency, committee member MP Moeen Al-Kazemi stated that discussions were held with officials from the Ministry of Finance, including the Accounting, Budget, and Public Debt Departments, regarding the implementation of the 2024 Budget Law. Al-Kazemi highlighted complaints from governorates and ministries about the lack of funding, noting that the budget ceiling is set at 211 trillion dinars, while actual expenditure stands at 156 trillion dinars. With revenues not exceeding 137 trillion dinars, the remaining funds were sourced from loans.

Al-Kazemi further explained that the Parliamentary Finance Committee’s vision for the 2025 general budget tables, as received from the government, aims to be realistic and consistent with the previous year’s total spending, not exceeding 150 trillion dinars. This outlook assumes stable oil revenues and anticipates an increase in non-oil revenues. The committee has urged the government to enhance efforts in supporting sectors such as customs, taxes, communications, collection, state real estate, and money recovery. The Finance Committee identified ten key axes as potential sources for increasing non-oil revenues to approximately 30 trillion dinars, compared to 12 trillion dinars in the previous year.