Parliamentary Finance announces the reservation of the International Monetary Fund on the budget and

by **Rocky** Thu 15 Mar 2018, 6:36 am

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Parliamentary Finance announces the reservation of the International Monetary Fund on the budget and

by Rocky Thu 15 Mar 2018, 6:36 am

Parliamentary Finance announces the reservation of the International Monetary Fund on the budget and reveal the reasons

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BAGHDAD / ... The Parliamentary Finance Committee, on Thursday, the reservation of the International Monetary Fund on the federal budget for 2018.
Commission member Ahmed Hama told "Iraq News" that "the International Monetary Fund, expressed reservations on the Federal Budget Law for the year 2018 and do not know what will be issued of the decisions on the budget in the coming days."
He added that "the reason for the reservation of the International Monetary Fund on the budget is due to lack of commitment to the budget conditions of the Bank and include materials that had been developed as conditions earlier and warned of passing."
It is noteworthy that the economic expert, Salam Smism announced earlier rejected the International Monetary Fund, rejected the federal budget for 2018, which voted the House of Representatives to pass recently.
"The International Monetary Fund, announced its rejection of the financial budget for 2018, because it was contrary to the agreement signed between Iraq and the International Monetary Fund."
"The agreement between Iraq and the International Monetary Fund, obliges Iraq to implement a set of conditions, including the abolition of jobs and the addition of financial burdens on the budget."
She pointed out that "the inclusion of the budget by the government and parliament by the decisions to install contracts and the restoration of their contracts and other financial burdens are what prompted the Monetary Fund to reject the budget."
The Iraqi Council of Representatives, on the third of March, the budget of the country, which amounted to 77.5 billion dollars deficit of 11 billion dollars, amid the province of Kurdish deputies who oppose the reduction of the proportion of Kurdistan Region in the budget from 17 to 12.6 percent.
The President of the Republic, Fuad Masum, announced last Tuesday, refused to approve the budget of 2018, and ordered the return to the House of Representatives.
The Presidency of the Republic said in a statement that infallible "decided to return the draft (the Federal Budget Law of the Republic of Iraq for the fiscal year 2018) and voted by the Council on 3/3/2018, to the House of Representatives to re-examine form and content of the constitutional, legal and financial, "The existence of about 31 points intersect with the legislation in force."
The Bureau explained that "the re-budget came after the experts and legal and financial advisers studied and scrutinized in detail to diagnose the most important constitutional, legal and financial irregularities of some of the articles or items or paragraphs that need to be addressed before ratification as well as to address any imbalance in its formulations.
The Council of Ministers of the Kurdistan Region has considered that the passage of the federal budget law in its current form a clear violation of the principle of partnership and consensus on which the new Iraq was built. "

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