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Finance Committee: proposal split the investment budget under a five-year plan and annual successful

Hkp1
Hkp1
Interacting Investor
Interacting Investor

Posts : 3118
Join date : 2012-12-19

Finance Committee: proposal split the investment budget under a five-year plan and annual successful Empty Finance Committee: proposal split the investment budget under a five-year plan and annual successful

Post by Hkp1 on Fri 21 Dec 2012, 4:23 pm

Finance Committee: proposal split the investment budget under a five-year plan and annual successful







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Baghdad (IBA). Member
of the Finance Committee MP Hassan Al-Bayati, the proposal to split the
investment budget for strategic projects within the five-year plan and
annual routine projects successful proposal will contribute to the
completion of all projects that have in the past years despite his
substantial financial shares allocation

.
Al-Bayati said in a statement to the independent press agency (IBA). "The
proposal by some members of the Iraqi Parliament split investment
budget for strategic projects within the five-year plan and annual
routine projects will contribute to the completion of all projects that
have in the past years despite his substantial financial quotas
allocated, saying: that the conduct of the investment budget without a
strategic plan will lead to failure and loss amounts of SOA projects

".
He added that the Iraqi Parliament will not bring
any plan at all past his balancings led to the non-implementation of
projects selected in their service, saying: the House does not have
visions and planned to split the investment budget makes some MPs
proposal to divide the investment budget to annual and five-year
proposal

.
Al-Bayati said: that the federal budget will not
face any obstacles and will be voted on in coming sessions after the
completion of all parliamentary debates

.
This made some members of the Iraqi Parliament a
proposal to split the budget on an annual and five-year plans, and goal
of this command is to prevent delays and reluctance to projects
requiring several years

.
The Ministry of Finance announced that the
proposed budget for the year "2013 reached 113 billion dollars, with oil
price of 90 dollars per barrel

.
The Cabinet sent the budget to the lower House for debate and a vote
.
The Iraqi Parliament voted on the fiscal budget for 2012 with $ 100 billion dollars, the equivalent of 117 trillion dinars.(End
)

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