SULAIMANI (ESTA) — Approval and ratification of the general budget is the first step in implementing the government’s agenda, said the Iraqi Presidency on Wednesday.
Iraqi President Latif Rashid signed the country’s Federal Financial Budget Law for the years 2023, 2024, and 2025, according to a statement released by the Presidency Office.
“Approval and ratification of the general budget is a first step in implementing the government’s agenda, which includes meeting citizens’ needs and enhancing public welfare,” the statement said.
“Besides improving health and educational conditions, the rehabilitation of infrastructure and the implementation of vital and strategic projects are also important to improve living standards.”
“President Rashid underlined that our country’s economic and environmental challenges cannot be met without the rationalization of government spending, preservation of public funds, and diversification of the economy,” the statement added.
The President also praised all the parties’ efforts, and priority was given to operational and investment expenditures, “which can ease the burden on low-income groups to achieve social justice.”
President Rashid ratified the federal budget after being sent to the Presidency of the Republic by Parliament.
