Yasiri calls for commitment to the implementation of investment plans

Yasiri calls for commitment to the implementation of investment plans

11/06/2013 12:00 AM

BAGHDAD - Farah pumice
called on the Finance Committee representative to observe the completion of the annual plans prepared for the ministries and provinces, as the budget law Find necessities as pressing as the case in all countries of the world, especially because it is considered the spending and revenue effective.
comes at a time which he proposed an economist not to return the amounts retained from the budget of the provinces and service ministries to the state treasury, to complete the implementation of strategic projects stalled.
Committee member MP Abdul Hussein al-Yasiri said in a statement (morning) that "the law of financial management Iraqi decide what the budget, recycling and how to dispose of them and the money, as it is stipulated that Budget ending credits at the end of the year, so any expenses and deposits depends whether spent or not, and any revenue added to the budget for the new year. "
He Yasiri general budget starting from the first of January until 31 December of the year, but There are no recycling of money, but in the certain cases excluded by some institutions of the Financial Administration Act and the budget law and public debt, noting that the expenses expires at the end of the year and calculated revenue for the coming year.
between it includes two capital expenditures and operating expenses, as the remainder of the funds investment or that have not spent during the year are written off and spin at the end of the fiscal year, but added to the expense and revenue the next year, expecting that completion rates and the implementation of projects, ministries and provinces are better than previous years, because the government has given a lot of powers and especially to the provinces, which establishes the existence of the implementation of better than before.
said he can not increase the proportion of investment expenditure within the budget, because the oil revenues specific, as well as the deficit, hoping to completion and approval of the budget during the first two months of next year, because the delay affects the economic situation in the country.
As suggested economic expert Dargham Muhammad Ali to deal with the money retained from the provinces on it is not revenue to the budget but accumulated must be returned to the province when approving the new budget to complete projects that are not completed, as it should not be transferred to the state treasury because it is calculated for the province.
urged in a press statement on the monitoring of budget investment for those ministries to carry out service projects that need to many amounts and in the absence of rounded amounts, especially that all the money spent is not the loss of it goes back to the public interest.


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