Exclusive: Iraq to submit 2025 budget to Parliament in July
The member of the Parliament's Finance Committee, Moeen Al-Kadhimi, told Shafaq News that the Ministry of Finance has finalized its comments on the Federal Budget Law's tables and submitted them to the Council of Ministers for review. The goal is to assess the overall budget and compare it to last year's figures in light of this year's decline in revenue.
He explained that the Ministry is currently preparing the final budget tables, pending the cabinet's response to its remarks. The 2025 budget bill is expected to be referred to Parliament early next month, once approved by the Council of Ministers.
The Finance Committee believes the budget should be aligned with actual revenues and not exceed 140–150 trillion dinars (about $99,044B - $10.611B)—the range adopted in the 2023 and 2024 budgets, Al-Kadhimi noted.
Since 2023, Iraq has operated under a three‑year Budget Law covering 2023–2025, approved by Parliament in June 2023. This law requires the government to submit detailed annual budget tables—including revenue estimates and expenditure allocations—for legislative review and implementation each year. However, delays in delivering the 2025 tables have effectively stalled budget execution, raising concerns ahead of anticipated early elections.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
39 minutes ago
- Shafaq News
Germany: Snapback remains option if Iran talks stall
Shafaq News – Berlin Germany warned on Monday that the European powers may trigger the JCPOA's Snapback mechanism if nuclear talks with Iran fail to yield results. The Snapback mechanism allows any party to refer Iran to the UN Security Council over alleged nuclear violations—potentially reinstating pre-2015 sanctions. Foreign Ministry spokesperson Martin Giese told reporters that the upcoming negotiations would be held at the expert level, reaffirming that 'Iran must never come into possession of a nuclear weapon.' He said Germany, France, and Britain were working 'at high pressure' toward a sustainable and verifiable diplomatic solution, in close coordination with the United States. 'If no agreement is reached by the end of August, the Snapback option remains on the table,' Giese added. The warning comes hours after Tehran announced it would resume nuclear negotiations with the E3—Britain, France, and Germany—on July 25 in Istanbul. Friday's talks would be the first since Israel's June offensive against Iranian nuclear sites, following a period of heightened regional tensions and a breakdown in US-mediated discussions.
Shafaq News
an hour ago
- Shafaq News
Israel kills 27+ Palestinians since dawn
Shafaq News – Gaza At least 27 Palestinians were killed in Israeli airstrikes across the Gaza Strip since dawn, including four people waiting for humanitarian aid, according to Palestinian media on Monday. Strikes and artillery fire hit several areas, including Deir al-Balah and the al-Bureij refugee camp in central Gaza. In Gaza City, a missile struck the roof of a building housing a kindergarten, causing injuries and widespread panic among children, the Palestinian Information Center reported. The death toll from a previous Israeli strike in the Sudaniya area—where civilians had gathered for food—also rose from 73 to 99, medical sources confirmed. Gaza's Health Ministry reported 59,029 people killed and over 141,135 wounded since the war began on October 7, 2023. Among them, 1,021 died and 6,511 were injured while trying to obtain food aid. The United Nations Relief and Works Agency (UNRWA) renewed its appeal to lift the Israeli blockade, warning of mass starvation. 'The suffering in Gaza is manmade and must be stopped,' the agency posted on X. 'Lift the siege and let aid in safely and at scale.' UNRWA noted that food prices have surged to 40 times pre-blockade levels, adding that warehouses in El Arish, Egypt, hold enough aid to sustain Gaza's population for three months—if granted access. We are receiving desperate messages of starvation from #Gaza, including from our prices have increased 40 just outside Gaza, stockpiled in warehouses UNRWA has enough food for the entire population for over three suffering in Gaza… — UNRWA (@UNRWA) July 21, 2025 Famine -related deaths are climbing, with 86 people—including 76 children—confirmed dead from starvation or malnutrition. Eighteen of those fatalities were recorded in the past 24 hours alone, according to the Health Ministry.
Shafaq News
an hour ago
- Shafaq News
Gaza's press under fire: Israel kills Palestinian journalist
Shafaq News – Gaza Palestinian journalist Tamer al-Zaanin was shot dead Monday by Israeli forces during a raid in the al-Mawasi area west of Khan Younis, according to the Palestinian Information Center. His death adds to the growing toll among Gaza's press corps, which international watchdogs warn is being deliberately targeted. Reporters Without Borders (RSF) has labeled Gaza the most dangerous place in the world for journalists. At least 228 media workers have been killed since the war began on October 7, 2023, including 46 reportedly targeted for their reporting, RSF stated. Journalists have died both on assignment and at home, often alongside family members, as press offices are bombed and equipment destroyed. RSF accused Israeli forces of attempting to silence independent journalism and obstruct public scrutiny. The group has filed four cases with the International Criminal Court, urging the UN Security Council to enforce Resolution 2222, which aims to protect journalists in conflict zones. Beyond physical attacks, reporters face communication blackouts, internet cuts, and systematic efforts to block news coverage, RSF warned. The Palestinian Journalists Syndicate reported that 49 journalists are currently imprisoned and at least 480 have been injured since October 7.
