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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliamentary Finance identifies the most prominent sections of the 2024 budget expected to be amend

    Rocky
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    BUDGET - Parliamentary Finance identifies the most prominent sections of the 2024 budget expected to be amend Empty Parliamentary Finance identifies the most prominent sections of the 2024 budget expected to be amend

    Post by Rocky Thu 01 Feb 2024, 2:32 pm

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    [size=52]Parliamentary Finance identifies the most prominent sections of the 2024 budget expected to be amended[/size]
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    Information / Baghdad...
    On Thursday, the Parliamentary Finance Committee identified the most prominent sections of the 2024 budget expected to be amended, and while it predicted the price of a barrel of oil, it indicated that revenues would be the same as the previous year.
    Committee member Mustafa Al-Karaawi told the official agency and his follower, “Al-Ma’louma”, that “Article 77/Second of the Tripartite Federal Budget Law for the years 2023, 2024 and 2025 stipulates that the House of Representatives will be provided with updated tables for the 2024 budget in order to discuss the file of increase or decrease in the file of financial allocations according to revenues.” expected according to the fixed oil price. 
    He added, "The schedules are still being prepared in the Council of Ministers in preparation for approval, and the House of Representatives will begin discussing the budget after it arrives from the government. We believe that transmission must be accelerated because the delay may restrict the disbursement of operational and investment budgets in the coming days," noting, "Disbursement is now limited to salaries." employees and their benefits directly.”
    He stressed, "The issue of updating the tables depends on the oil market and the quantities exported, on the basis of which the expected revenues will be calculated, and it is based on the size of expenditures and the percentage of the deficit," pointing out, "There is a point of view that occurred in the 2023 budget according to the quantities that were spent and how to deal with the deficit." And the revenues generated, and it is assumed that there will be a growth in disbursements given that there is a growth in the operating budget, and there are contracts concluded in 2023 that have not been disbursed yet and must be added in the next budget.”
    Regarding the appointments, he explained that they “may include contracts, firsts, holders of advanced degrees, and governorate contracts for the 150,000 degrees that have not been implemented yet and which have been transferred to the 2024 budget.”
    He pointed out that "the committee developed a proactive plan by conducting field visits to the ministries that are in direct contact with the citizen, starting with the Ministry of Health and then the Ministry of Construction and Housing to see the percentage of budget completion for each ministry at the operational and investment levels, to know the efficiency of spending." Actual, given that performance evaluation depends on the extent to which the expected percentage matches the actual achievement.”
    He stated, “The committee found that there were many items that were not funded in the Ministry of Construction and Housing, for which more than two trillion and 200 million dinars were supposed to be allocated, but about 60 percent of them were funded. This means that the government committed itself to a budget larger than Possibility of implementation.
    Al-Karawi called on the government to “avoid this in the 2024 budget to complete the projects, infrastructure and development projects it has started,” pointing out that “there is relative progress on the issue of performance, but there needs to be a well-thought-out plan to complete what has been started so that it is clear to the public.” "For real."
    He stated, “The actual outcome of the 2023 budget is that the total revenues were 134 trillion, excluding the region’s oil imports, at an oil price of $70 per barrel,” expecting that “the same price will be repeated in the 2024 budget, and therefore the revenue estimates may be the same, given that the prices are "The world is approaching last year's numbers."
    He pointed out that "the total volume of expenditures achieved is 154 trillion after adding 7 trillion dinars as allocations to the budget. Therefore, its total amount will rise from 199 trillion to 206 trillion dinars."
    He stressed, "According to an article in the budget, the Council of Ministers has the right to add amounts to the 2024 budget to cover the deficit or needs in the areas of electricity, trade, and others." Ended 25 n
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