The Iraqi cabinet approves the budget bill and sends it to Parliament
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The Iraqi cabinet approves the budget bill and sends it to Parliament

The Iraqi Council of Ministers approved on Monday, the draft federal budget law for 2020, and sent it to the Parliament.

A spokesman for the Iraqi Prime Minister, Ahmed Mulla Talal, said in a tweet, that "in order to organize the spending process and secure the necessary expenditures for the remaining three months of the fiscal year, and as a commitment from the government to the decision of the Parliament, the Cabinet approved the draft Federal Budget Law 2020, and sent it to the Parliament".

Iraq has not passed the federal budget law for the current year as a result of the protests crisis that has swept the country since October 2019 and toppled the previous government.

Mustafa Al-Kadhemi's government faced difficulties in preparing the draft budget at a time when the country was suffering from a stifling financial crisis, resulting from the collapse of oil prices in world markets.

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