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Finance confirms that it does not need to borrow during the current year to cover the budget allocat

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rocky
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Finance confirms that it does not need to borrow during the current year to cover the budget allocat

Post by rocky on Thu 09 Aug 2018, 2:13 pm

Finance confirms that it does not need to borrow during the current year to cover the budget allocations


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confirmed that the Ministry of Finance , Thursday, not borrowed for the current year to cover the 2018 budget allocations, indicating that it will cover the vacant posts according to the availability of financial allocations. 

"The picture became clear at the end of June with the rise of oil prices, which covered all the budget deficit, and therefore Iraq will not owe it to any party, even if it is local ," said Finance Minister Maher Hammad Johan in a press conference held at the ministry's headquarters and attended by Alsumaria News . To cover budget allocations for the current year 2018.
"The budget law of 2018 refers to the possibility of exploiting vacant posts according to the availability of financial allocations," adding that "the availability of these allocations will be evident in the month of October next." 

"The Ministry of Finance will cover the provinces with the necessary allocations according to the proportion of the population of the province," Johann pointed out that "the Ministry of Health does not have vacancies, considering that the appointments are centralized, and therefore is exhausting all the appointments. 

The oil prices rose during the current year to reach about $ 70 per barrel after the decline during the past years, which reflected positively on Iraq's general budget for the current year.



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    Current date/time is Thu 16 Aug 2018, 10:23 pm