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Parliamentary Finance: went to accounting and liquidation of public companies .. and an expert repli

rocky
rocky
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parliamentary - Parliamentary Finance: went to accounting and liquidation of public companies .. and an expert repli Empty Parliamentary Finance: went to accounting and liquidation of public companies .. and an expert repli

Post by rocky on Tue 31 Mar 2020, 2:54 am

Parliamentary Finance: went to accounting and liquidation of public companies .. and an expert replies: it is too late

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{Baghdad: Al Furat News} The House of Representatives intends to hold public “unproductive” companies with a review of their law.
An official source in the Parliamentary Finance Committee said, "There is a delay and decline in the activity of public companies due to the inflation of ministries at the expense of companies, as the company is supposed to have an independent activity and is accounted for production, profits and losses, while we find that the ministry is a cover for the losses of these companies and their disruption." .
He added that "every ministry has a special mechanism in dealing with companies and restraining them and stopping them from work", noting that "the legal, financial and administrative departments and planning in the ministries have become major obstacles to these companies."
And that "the Finance Committee will have a pause in the 2020 budget if it is sent by the government to host those companies for the purpose of deliberation with inquiries if they constitute significant losses on the country or achieve acceptable proportions of profits, in addition to hosting the heads of the boards of directors concerned with the activities of these companies, their budgets and their policies ".
He stressed that "losing companies must liquidate, sell, or take their own concession and share it with the private sector," noting that "there are many losing companies that have a government concession while the latter has not done benefit from this concession, and it continues to pay salaries and operational budgets for these sectors." However, it is not productive. "
For his part, the economist Abdul Rahman Al-Mashhadani stressed that "this measure came too late and that time will not allow it."
Al-Mashhadani added, "This matter can be in the budget of 2021 or later," blaming the government for the loss of those companies when it opened the appointment in them to outnumber the employees inside each company, in addition to opening borders and allowing entry of cheap imported materials, which led to their closure or Production stopped. "
Ammar Al-Masoudi finished


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