MP Ahmed Majid Al-Shermani said in an interview with the official newspaper "Economy News", that "the draft budget law was returned to the Ministry of Finance to add the necessary financial allocations to the ministries of development, explaining that the completion of these requirements precedes the submission of the project to the House of Representatives.
For his part, called on the member of the Parliamentary Security and Defense Committee, MP Ali Anhar al-Saray, "the government to expedite the sending of the draft budget within the specified period, allowing the Council to discuss and vote on it, pointing to the possibility of extending the legislative term a month in the event of the arrival of the project.
Al-Saray stressed the importance of including in the budget job grades for young contracts in the ministries of interior and defense, as well as grades for old graduates, which contribute to the stability of the financial and economic situation, and provide the necessary allocations for the implementation of service and development projects and meet the needs of citizens.
In turn, MP Bassem Khudair Al-Gharabi warned of the approaching date of the end of the legislative term, in light of the lack of access to the draft budget to the House of Representatives, pointing out that the Constitution allows the extension of the legislative term for a period not exceeding thirty days, based on Article (58), while Article (57) provides for the continuation of the legislative chapter in which the budget is presented until approved.
Al-Gharabi called on the government to send the draft budget in full before the first of November 2026, warning that the continued delay may lead to the entry of the year 2027 without a budget, and the consequent delay in the implementation of projects and services and the fulfillment of financial obligations, especially in light of the creation of new ministries and positions that require the resolution of their financial allocations.
In the same context, MP Abdul Hamza Moneim Al-Khafaji, that "the draft budget law was returned to the Ministry of Finance to add the financial allocations for the ministries created, indicating that the completion of these procedures represents one of the files required before the referral of the project to the House of Representatives. https://www.economy-news.net/content.php?id=75253
Iraqi Parliament Faces Term Extension As 2027 Budget Bill Stalls
At a Glance
The second legislative term of the Iraqi Council of Representatives is set to expire in 10 days, on October 31.
The 2027 federal budget bill has been delayed and has not yet been submitted to parliament for review.
The Iraqi Council of Ministers unexpectedly voted to send the draft budget back to the Ministry of Finance.
Channel8 has learned that the Iraqi Council of Representatives is rapidly approaching the end of its second legislative term, with the critical 2027 federal budget bill remaining stalled in the executive drafting phase. Despite an expected mid-October submission timeline, the legislative session will likely face a mandatory constitutional extension to prevent a fiscal vacuum and allow lawmakers sufficient time to review and pass the state’s financial roadmap.
Key Statements and Focus Area
The Iraqi Ministry of Finance had originally scheduled the draft budget to reach parliament by mid-month, but procedural reversals have upended the timeline.
In an unexpected move, the Iraqi Council of Ministers officially voted to reject the forwarded project and returned the entire draft bill to the Ministry of Finance.
The cabinet reversal aims to restructure line-item details, implement performance-based budgeting, and secure necessary financial allocations for newly added ministries.
Consequently, the parliamentary legislative recess, initially slated to begin on October 31, will be delayed as legal frameworks mandate an extension of operations until the budget achieves formal approval.
Under the provisions of the Iraqi Constitution, lawmakers possess clear legislative mechanisms to handle budget delays.
According to Article 58, the second legislative term can be formally extended by a presidential, prime ministerial, or parliamentary request, provided the extension does not exceed 30 days.
Furthermore, Article 57 explicitly allows the Council of Representatives to automatically prolong any session in which the federal budget is being actively debated.
Given the scale of the incoming 217 trillion dinar draft, legislative sources indicate it is highly probable that parliament's working period will be extended continuously until the budget is officially voted into law.
FYI
The recent decision by the Iraqi Council of Ministers to return the 2027 budget draft to the Ministry of Finance stems from procedural revisions over how the project was forwarded.
This setback unfolds against a backdrop of friction regarding the Kurdistan Regional Government (KRG)'s financial share.
While Erbil demands a 14.14% allocation based on census data, the draft caps the region at 6.1%, drawing sharp criticism from Kurdish lawmakers over heavy sovereign expenditures.
KRG representatives continue pressing in Baghdad to safeguard regional public sector and Peshmerga salaries from broader political deadlocks. https://x.com/Channel8English
Al-Bayati: The 2027 Budget May Arrive In November, And 7 Files Await Resolution.
Information/Special... MP Mohammed al-Bayati confirmed on Wednesday that the 2027 budget may arrive as early as next November. He noted that it has not yet been discussed within the Council of Ministers, pointing out that it will be one of the most challenging budgets, especially given the seven important issues that need to be resolved.
Al-Bayati told Al-Maalouma, “As of now, it is impossible to set a final date for the arrival of the 2027 budget to the Parliamentary Finance Committee from the Council of Ministers, especially since it has not yet been discussed within the Council of Ministers. This is due to several variables that need to be reconsidered, particularly those related to the price of a barrel of oil, in addition to the fluctuations in the exchange rate.”
He added, "In any case, the budget may arrive as early as next November, but its delay beyond that is very likely." He explained that "the budget will include seven important points related to the rights of various segments of society,
in addition to the rights of the provinces, not to mention outlining an objective roadmap for funds managing, considering that the draft budget law is one of the important projects that determines spending patterns, the size of financial revenues, and how to deal with the expected financial deficit in the 2027 budget."
He noted that "the budget will be difficult in any case, but we hope it will arrive early in order to resolve all the issues and guarantee the rights of all segments of society, including contracts and wages." End/25
Al-Moussawi: Activating The “Where Did You Get This From?” Law Is Necessary To Recover Looted Funds
Information/Special... MP Mohammed al-Moussawi, a member of the Coordination Framework, affirmed on Tuesday that protecting public funds and confronting financial and administrative corruption requires decisive measures to prosecute those involved and recover stolen funds. He stressed the necessity of strictly enforcing the "Where did you get this?" law.
In a statement to the Information Agency, al-Moussawi said, “Combating corruption can no longer tolerate hesitation or political favoritism. Rather, it requires opening serious cases and prosecuting all those who have misappropriated public funds, regardless of party affiliations or executive positions.”
He added that "the 'Where Did You Get This?' law represents an important legal tool for uncovering illicit wealth accumulation and holding officials accountable for the sources of their funds,” noting that the public is awaiting concrete measures to end impunity and strengthen citizens' trust in state institutions.
Al-Moussawi continued, “Addressing the economic, social, and service crises begins with drying up the sources of illicit gains and reducing financial waste,” calling on the government and parliament to “support oversight and judicial bodies and empower them to perform their duties in prosecuting those involved in corruption.”
Earlier, the United Nations Development Program (UNDP) indicated that Iraq loses approximately 20% of its public funds annually due to administrative and financial corruption, explaining that the amount of wasted money is equivalent to the cost of building 20 modern central hospitals or constructing 3,000 model schools, in addition to funding sustainable energy projects. End/25z
Al-Nujaba: In Our Terminology, There Is No Such Thing As Disarmament, Confiscation, Or Surrender Of Weapons, And We Will Not Participate In Politics -
2026-10-21 | 16:24 Baghdad - 964 Media The military aide to the Islamic Resistance (Al-Nujaba Movement), Abdul Qadir Al-Karbalai, denied on Wednesday (October 21, 2026) the news circulating about the movement backtracking on its political position, reaffirming its firm decision not to participate in the current political process in Iraq.
While stressing the “sanctity of the resistance’s weapons,” he confirmed his categorical rejection of the terms (confiscation, surrender, or disarmament) and said that they are outside the literature of the resistance. https://964media.com/727835/