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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars

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Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars Empty Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars

Post by rocky Mon 16 Dec 2019, 1:45 am

[size=36]Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars[/size]

Political | 08:24 - 16/12/2019

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Baghdad - Mawazine News
suggested that the Parliamentary Finance Committee will reach next year's budget 162 trillion dinars and a fiscal deficit in excess of 48 trillion dinars.
The decision of the Parliamentary Finance Committee, MP Ahmed Al-Saffar said, "The Financial Management Law obliges the government to send the draft budget law to Parliament on October 10 of each year, but its transmission to Parliament has been delayed due to the demonstrations and incidents that the country witnesses, and the events that have led to a conspiracy. Government to conduct business. "
He pointed out, "The caretaker government is not entitled to send bills to parliament, but only to run the affairs of the state on daily completion of the budget."
And, "The government is continuing to implement a temporary budget, and as happens every year by applying the budget at a rate of 12/1 for the first three months of next year, but it includes operational spending only without investment or grades, contracts, etc. only, to conduct business until the budget is complete."
He continued, "A committee has been formed to review the budget and it can be discussed under the chairmanship of the President of the Republic and sent to Parliament as soon as possible."
He pointed out, "The Finance Committee needs time to discuss the budget from 40 to 45 days. In all cases, the budget will be delayed until the second month of the year, so the next one will be at least and implemented, perhaps in the third or fourth month of the next year."
Regarding the size of the 2020 budget, Al-Saffar said: "During our contact with some members of the budget committee headed by the Council of Ministers, the budget is estimated at 162 trillion, and they assured us and revenues of 114 trillion dinars in general expenses."
Al-Saffar continued: "The proportion of investment expenditures in the budget of the year ranges between 25 to 30 percent, despite the operating expenses in each year that began to expand at the expense of the investment due to the increased expenditures." Ended 29 / A 43


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Post by rocky Mon 16 Dec 2019, 2:05 am

 Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars

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Economy News _ Baghdad
The Parliamentary Finance Committee revealed, on Monday, that the budget deficit of 2020 exceeds 48 trillion dinars, indicating that operating expenses are beginning to expand at the expense of investment.
The official newspaper, Al-Sabah, quoted the committee’s decision, Ahmed Al-Saffar, that “the Financial Management Law obliges the government to send the draft budget law to Parliament on October 10 of each year, but the budget for the coming year is late due to the demonstrations and accelerated events in the country. This led to the resignation of the government and the transformation of the government into the conduct of business, "noting that" the government is proceeding with the implementation of the draft budget at a rate of 12/1 for the first three months of next year. "
 
He added that "the size of the budget for the next year 2020 is estimated at about 162 trillion dinars in general expenses, and revenues amounting to 114 trillion dinars," noting that "there will be a large deficit of up to 48 trillion dinars."
 
He explained that "operating expenses have begun to expand at the expense of investment due to increased expenditures, especially on job grades and the launch of financial grants for the unemployed," stressing that "

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Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars Empty Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars

Post by rocky Mon 16 Dec 2019, 2:46 am

[size=35][size=35]Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars[/size][/size]
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Economie

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2019-12-16 | 02:15
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It is noteworthy that the approval of the federal budget for [You must be registered and logged in to see this link.] is often delayed due to the many discussions and amendments that occur to it by the House of Representatives and re-sent to the Council of Ministers to take this amendment.


 
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