In a statement released by the media department of the Iraqi Parliament, it was announced that the Parliamentary Finance Committee has initiated the voting process on the provisions of the Federal Budget Law. This comes after the committee completed the reading of all the articles.

Chairman of the committee, MP Atwan Atwani, emphasized the importance of understanding all the details to expedite the budget's completion. The committee has decided to invite representatives from the Ministries of Finance and Planning for further discussions on the matter.

The committee began by reviewing the second article, which includes provisions on how to cover the budget deficit using surplus funds generated from oil sales and other revenues. They also discussed the inclusion of investment projects funded through grants and loans, expanding investment opportunities, involving the private sector, and considering proposals aligned with the government's program.

Additionally, the committee examined the first axis, which focuses on ongoing loans to finance projects in ministries, provinces, the reconstruction of affected areas, and support for education, healthcare, and energy sectors.

Another aspect studied by the committee is the second axis, which pertains to the financing of infrastructure projects under the framework agreement between Iraq and China. This includes loans to support energy projects, the construction of 1,000 model schools, and strategic and developmental projects in line with government priorities.

Continuing its deliberations, the committee addressed the third axis, which involves new loans for financing water desalination projects, establishing cancer diagnosis centers under the Ministry of Health, and funding the construction of combined-cycle power stations in various regions under the Ministry of Electricity.

The committee decided to postpone voting on Articles 3 and 4. However, they proceeded to vote on Article 5, which specifies the disbursement of funds from the main expenditure accounts for approved projects within the federal general budget.

Furthermore, the committee cast their votes on Article 6, which deals with the authority to transfer funds between spending units, Article 7 regarding emergency expenses, Article 8 on the utilization of generated revenues for the federal general budget, Article 9 concerning regional development allocations, Article 10 on fund allocation for essential services, and Article 11 regarding vehicle fee revenues for the state treasury.

Articles 12, 13, 14, 15, and 16 were postponed by the committee for further examination and feedback, while voting proceeded on Article 17 and Article 18 of the budget law.