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Businessmen Union: State-owned banks granted more than 70 trillion dinars advances to employees and

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rocky
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Businessmen Union: State-owned banks granted more than 70 trillion dinars advances to employees and

Post by rocky on Sun 05 Jan 2014, 8:01 am

Businessmen Union: State-owned banks granted more than 70 trillion dinars advances to employees and our economy is in decline


05/01/2014


Long-Presse / Baghdad
Detection Businessmen Union of Iraq, said on Sunday that about 600 projects across the country worth 220 trillion dinars not yet been implemented, causing a decline in production and a breach of the Iraqi economy, attributing the cause to the failure to apply the law of financial management and public debt, in addition to granting the government banks in advance of the staff of more than 70 trillion Iraqi dinars.
The deputy chairman of the Union Tariq Saleh said in an interview to the (long-Presse), "The non-application of the law of financial management and public debt, caused a drop in economic development in Iraq through the reluctance of projects and waste of public money."
Saleh added that "the non-application of the law has contributed to the decline in production and delay the implementation of projects, as there are more than 600 projects valued at $ 220 trillion dinars not yet been implemented, as well as the granting of government banks in advance of the staff of more than 70 trillion dinars are not settled also due to non-application of the law of financial management and public debt. "
Saleh pointed out that "the importance of the application of the law lies in linking federal budget plans, the development and expedite the provision of final accounts, in addition to the imposition of censorship on the projects that are approved and apply the provisions of the constitution in relation to the distribution of income and resources, to be done by experts and specialists in this field ".
Saleh indicated that "there is a clear absence of a commitment to change, what makes the country's economic problems such as poverty, housing, unemployment diverge more, without putting an end to it."
For his part, said economic expert Majid picture in an interview with the (long-Presse), "We need to apply Article 106 of Chapter IV of the Constitution, which provides for the establishment of a national body for the control of the distribution of the allocation of federal revenues," stressing that "this body is made up of a group of experts The verification of the fair distribution of grants and international aid to the provinces, as well as checking to ensure transparency and fairness in the distribution of federal revenues. "
Suri explained that "this body has not established until now, but the law has been read in the House of Representatives first reading," stressing that "the foundation of the application of the law would strengthen the financial management and public debt, which will enhance the economy comprehensive developmental renaissance."
And Act No. 94, 2004 for the purpose of improving the conditions of life and create jobs and reduce unemployment and attendant harm to public security, in addition to government funding support and strengthen the confidence of economic infrastructure of Iraq.
And is still ongoing crises in the economic sector, especially since the industrial and agricultural sectors have witnessed a significant deterioration in the whole country, which is still its economy depends mainly on oil even in the form of budget preparation is equivalent to the 96% of them.


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