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Deputy precedent: the budget must be submitted in mid-November
22-02-2014 10:35 AM
Baghdad (news) .. showed former deputy Alaa al-Sadoun, that the financial budget for the year 2014 should have been made in mid-November by the Financial Administration Act. said Sadoun in a press statement received Agency (news) copy of it: that the budget has been greatly delayed in submitted more than in previous years, indicating that the Council Satafrg for the legislative elections at the end of the month of February, the current making the remaining time is not enough to give the budget the right to debate and amendment and vote. explained: that the revenue projected for the year 2014 amounting to more than 139 trillion dinars, while expenses have become According to the budget more than 170 trillion dinars, ie, that the deficit will exceed 30 trillion dinars would be equivalent to one-sixth the size of the budget and this is a big gap in the size of the budget. showed: that about 70 trillion dinars allocated for capital spending, and about 99 trillion devoted to current expenditure, and these expenses ascertains surplus Atsahm value and raise the level of the economy which is causing inflation and we find that the rate of inflation became 5.5%, according to the report of the Ministry of Finance. / End / b. PVC /
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22-02-2014 10:35 AM
Baghdad (news) .. showed former deputy Alaa al-Sadoun, that the financial budget for the year 2014 should have been made in mid-November by the Financial Administration Act. said Sadoun in a press statement received Agency (news) copy of it: that the budget has been greatly delayed in submitted more than in previous years, indicating that the Council Satafrg for the legislative elections at the end of the month of February, the current making the remaining time is not enough to give the budget the right to debate and amendment and vote. explained: that the revenue projected for the year 2014 amounting to more than 139 trillion dinars, while expenses have become According to the budget more than 170 trillion dinars, ie, that the deficit will exceed 30 trillion dinars would be equivalent to one-sixth the size of the budget and this is a big gap in the size of the budget. showed: that about 70 trillion dinars allocated for capital spending, and about 99 trillion devoted to current expenditure, and these expenses ascertains surplus Atsahm value and raise the level of the economy which is causing inflation and we find that the rate of inflation became 5.5%, according to the report of the Ministry of Finance. / End / b. PVC /
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