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Parliamentary Finance: The government invokes the conduct of business to cover the budget deficit

rocky
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Parliamentary Finance: The government invokes the conduct of business to cover the budget deficit Empty Parliamentary Finance: The government invokes the conduct of business to cover the budget deficit

Post by rocky on Sun 19 Jan 2020, 7:15 am

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[size=52]Parliamentary Finance: The government invokes the conduct of business to cover the budget deficit[/size]

[size=45]The "caretaker" argument appears to be a lifeline for Adel Abdel Mahdi's government, which is delaying sending the budget law to parliament at a time when information indicates that deficit has become "catastrophic." The government maintains an argument that it is unable to send the budget law, although its economic advisers and lawmakers assert that there is a way to allow it to be sent.
[size=45]And turned the current government to "conduct business" after the parliament voted at the end of last year to resign in response to the demonstrations that have ravaged Baghdad and the provinces of central and southern Iraq since last October.[/size]
[size=45]Member of Parliamentary Finance Committee Magda Al-Tamimi said that the real reason that the current government did not send the federal budget for the current year to the House of Representatives is the great deficit that has been proven in it. Al-Tamimi adds: “According to the Financial Management Law, the budget is now supposed to be ready… It is possible that the government has waited in its procedures and did not perform its work properly and this matter is borne by the government alone.” A few days ago, the caretaker chief renewed his talk about his government's inability to send the budget law to the House of Representatives.[/size]
[size=45]At the same time, Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that “the Federal Budget Law of 2020 completed its review and formulation by the Council of Ministers before the resignation of the government.” Prime Minister". Saleh added in a previous interview with Al-Mada: "This decision taken in the cabinet before submitting the government's resignation (referring the budget to parliament) may be a legal way to send it to the parliament to legislate it." The government is now working to disburse (1/12) or less of the total actual expenditures of current expenditures for the year 2019 to pay the amounts to ministries and government institutions (salaries and other expenses).[/size]
[size=45]Al-Tamimi added, “The real reason that the government did not send the budget is the size of its deficit, which amounted to 48 trillion dinars, in an attempt to dispose and throw the ball into the stadium of the new government. From last October, before her resignation. In turn, a member of the Legal Committee in the House of Representatives, Bahar Mahmoud, said that "the failure to send the budget bill to parliament, behind political arguments and excuses, not legal." In a related context, the deputy revealed a coalition of state law, Nassif, on Saturday, the government's intention to send a draft financial budget law to parliament "within hours". Nassif stated in a press statement that "the budget law stipulates that the government cannot send the budget or any law in the event that it turns into a caretaker, but the budget law was approved two days before the resignation was submitted." She added that "the law will be sent based on that book to Parliament in the coming hours, provided that it will be dealt with according to public interests and make some amendments." Nassif explained that "this year's budget is characterized by its non-reliance on foreign loans and includes the Chinese agreement in the field of construction, in addition to the government seeking to conclude similar agreements with large countries to end the file of foreign loans and not pay huge benefits with foreign loans."[/size]


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