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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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Financial Parliament: big problems in the financial structure of the budget 2014

chouchou
chouchou
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Financial Parliament: big problems in the financial structure of the budget 2014 Empty Financial Parliament: big problems in the financial structure of the budget 2014

Post by chouchou Tue 29 Oct 2013, 12:38 pm

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Predicted Chairman of the Finance Committee in the House of Representatives Haider Abadi, the late arrival of the draft 2014 budget law to the Council to contain the problems in the financial structure, revealing that preliminary figures indicate that the amount of the budget amounted to 174 trillion dinars, with a deficit of nearly 30 trillion dinars.

He revealed Abadi in a statement »Center Brief for the Iraqi Media Network», the existence of problems and perspectives of multiple in regards to the state budget, including the revenue is not as had been expected, indicating that the budget lacked the revenues of the Kurdistan region which amounts to about a quarter million barrels this year At least, pointing out that last year the province declined to export at a time take its full share of the budget amounting to 17 percent. He added: there is a difference between what is planned and expected, noting the possibility marking a significant deficit in the budget of 2014, pointing out that preliminary figures for the deficit estimated at 30 trillion dinars, an amount that huge can not be covered especially if the decline in oil prices, with continued export from Iraq because of expectations of a decline in the rate of global economic growth and thus reduced demand for oil and lower prices. said Abadi he can not build a balanced state depending on the price of oil proposed oil only, because of the volatility expected, indicating that the discussions of the Ministerial Committee for examining details of the budget continues . predicted MP the late arrival of the budget to the Parliament for the existence of problems in the financial structure to it, indicating that the Ministry of Finance did not pan out in the preparation of the draft budget because it is inflated and amounted to 174 trillion dinars, while the maximum figures were 154 trillion dinars, ie, that there are 20 trillion extra, as known, the reduction in such cases is difficult because any party will not be satisfied by reducing allocations and thus we will be in front of a large deficit.

He Abadi hoped the arrival of the budget to the House of Representatives before the holiday legislative and the end of the year, according to the constitution, likely delayed arrival and استغراقها in the discussions to the next year, which is unwelcome to overlap with the campaign because it will affect ordinary citizens and affect the activity of the state in general and enters bargains . And on balancing the provinces, hinted Chairman of the Finance Committee that the intentions of all parties are moving towards giving the provinces more powers, noting that the law passed recently and private sectors nationwide gave more powers, noting that the Ministry of Planning confirmed that in relation to balancing the completion of the provinces of the investment budget this year until the middle of this year, was the best and amounted to about twice the completion of the ministries, meaning that the completion of the last 30 percent, while the rate of completion of the provinces 50 percent, a significant improvement.

announced Abadi support to the provinces, and to increase allocations to serve the people, citing that conservatives better able to service surroundings of federal ministries, warning that the new law contains an overlap in the provinces powers, but it can be overcome gradually as a result of the transfer of powers from the central to the federal under the transformations taking place in the laws from 2003 to the present day.


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