An adviser to Maliki confirms the arrival of 2014 with a budget deficit of 30% and experts Aazouna f

An adviser to Maliki confirms the arrival of 2014 with a budget deficit of 30% and experts Aazouna for "weakness professional and efficient" and their authors

12/16/2013




Money in one of the private banks
An adviser to Maliki confirms the arrival of 2014 with a budget deficit of 30% and experts Aazouna for "weakness professional and efficient" and their authors

Author: RS
15/12/2013 22:20
Long-Presse / Baghdad

Izzat the advisers in the Council of Ministers, on Sunday, "the huge deficit," a draft budget of 2014 the next of 30%, to applications "big", which reached the Ministry of Finance, indicating that the ministerial committee reviewed seeks proposal for "practical" addresses in preparation to be sent to parliament this week this, while carrying member of the parliamentary Finance Committee and the Ministry of Finance and the government responsible "deficit" that affects "a lot" on the projects.

The head of the advisers in the Council of Ministers, Thamer Ghadhban, said in an interview to the newspaper (range), said that there were "some things that must be verified to be addressed in the state budget, including large orders, which reached the Finance Ministry, causing a large deficit," adding that " the ministerial committee in charge of revising the federal budget for 2014 next, continue to work to advance the proposal practical cabinet handles large deficits of the 30 percent. "

He called on the President of the advisers to the "separation of the outstanding problems between the KRG and the federal government to speed up sending the budget to the House of Representatives," likely to "be done this week."

The Ministry of Finance announced, mid-October 2013, for the complete budget for Iraq in 2014, and while it showed total 174 trillion dinars, a deficit of up to 27 trillion, confirmed the formation of a committee in the Council of Ministers, to bypass the recorded notes on them.

In the same vein, he saw a member of the Finance Committee parliamentary, that "the budget deficit in 2014 default was caused by estimating the price of oil at 80 dollars, and export a daily rate of three million barrels per day," adding that "oil export operations were not at the required level because of the bombing of pipelines from by insurgents. "

Said Abdul Amir al-Mayahi, in an interview to the newspaper (range), said that "both from the Ministry of Finance and the Council of Ministers bear the budget deficit," noting that "the preparation of the budget needs to be accurate in detail calculations, including calculating the price of a barrel of oil at $ 70."

The MP warned Mayahi, who belongs to the Liberal block of the Sadrist movement, of "a large deficit budget and continue without treatment, especially that it was in the previous budget 12 percent," returned that "it affects a lot of projects and the investment budget, especially to the Financial Administration Act requires the State Declaration of bankruptcy if it reaches its fiscal deficit to 50 percent. "

It is noteworthy that the budget in 2013 amounted to 138 trillion dinars, on the basis of calculating the price of a barrel of oil at $ 90, the amount of export of 2.0009 million barrels a day.

The Presidency of the Council of Representatives demanded to send the budget in the middle of last November, before the onset of any legislative recess, but the government has not done so.

Meanwhile, he expressed his expert financial and economic, "the fear of turning into an actual default deficit is financed at the expense of investment projects, which are estimated its budget by 36 percent."

A former vice president of the CBI, the appearance of Mohammed Saleh, said in an interview to the newspaper (range), "The budget deficit would be dangerous on infrastructure projects," calling "to find financial centers, as if turning the deficit to real, by internal borrowing by some local banks or markets and international banks, despite the seriousness of it. "

And Saleh stressed the need to "diversify the sources of budget fees and taxes, and not rely on oil revenues, which currently make up 97 percent of its size."

To a description of an economist, budget deficit in 2014 to "great," adding that it "shows the weakness of the professional set by the absence of economic efficiencies."

He said the name of Antoine, in an interview to the newspaper (range), that "the budgets routine begins a deficit of 10 percent and ending with a surplus," adding, "but the provincial councils and ministries do not give exact figures for their projects according to economic feasibility, with the non-submission of final accounts by the government At the end of each year to be able to experience the size of the completed projects and lagging and the real exchange. "

Antoine felt, that "it leads to the result of the presence of the deficit in the budget every year," attributing the budget deficit next to "calculate the price of a barrel of oil at $ 90 according to the quantities of export is estimated at more than three million barrels per day."

He revealed an economist, for "there are more than 6800 project is implemented during the years 2012 and 2013," warning that "the delay in the budget will affect the Council of Ministers approved in the House of Representatives and the Sakhaddaha Mnacfat political."

It is noteworthy that the final accounts constitute a "problem annual chronic" as a result of the failure of the government's receipt to the Parliament, and press it to pass the budget without it, to be submitted late, and the urgent need her to spin the wheel of the state, and so has been the adoption of budgets past, one after the other, without the knowledge of accounts Final.

The head of the Office of Financial Supervision, Abdul Basit Turki Saeed, has attributed, in March of 2011 last year, delayed the final accounts to the delay in the Ministry of Finance to send public budgets after assembled from institutions of public spending, which is often delayed in turn sent to the Ministry of Finance, which delay the completion of the accounts in the Ministry of Finance and then sent to the lateness of Supreme Audit scrutiny.

While the accused member of the parliamentary finance committee, Najiba Najib, in an interview to the (long-Presse) in (the thirtieth of November 2013), the government of failing to honor its pledge to the Parliament on providing its accounts closing, despite agreeing to extinguish the predecessor government, amounting to about 33 billion dollars in 2012 years , and it continued to commit "violation of legal and constitutional" in this regard, and revealed the loss of a lot of documents "important and useful" in the preparation of such accounts as a result of combustion during the bombing of the Ministry of Finance three years ago.


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The budget likely be done this week. !!! $90 dollars a barrel of oil with this budget , that still had a  $10 surplus !!!!  Lotta great stuff in this article $$$$