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Iraqi Planning is discussing draft instructions for implementing the Financial Management Law
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Mubasher: The Iraqi Minister of Planning, Khaled Battal Al-Najm, chaired today, Monday, a meeting that included the technical and administrative secretaries, the general directors of government sectors and investment directorates, economic and financial policies and the legal department; To discuss the draft instructions for implementing the Financial Management Law.
The Minister stressed, during the meeting that was devoted to discussing the draft instructions for implementing the Financial Management Law in light of the amendments witnessed by the law, that the Financial Resources Law should have been applied at the beginning of this year, but as a result of the circumstances the country went through, its implementation was delayed.
Al-Najm said that the Financial Management Law gives the Ministry of Planning a good space in drawing up and directing the financial policy in Iraq.
The minister stressed the need to develop the operational policy into the concept of projects and components, in order to benefit from this concept in the maintenance of fixed assets of state institutions, which suffer from the absence or lack of financial allocations, which led to the exposure of those assets, which include buildings, furniture, etc., to a lot of Damage and out of service .
Al-Najm pointed out that the Ministry of Planning is working to ensure that the instructions for implementing the Financial Management Law are commensurate with the Ministry's mission of development by granting it broader powers regarding the file of government investment projects.
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The minister indicated that the required powers are for the ministry to undertake the approval, allocation, launch and financing of projects, with the aim of facilitating procedures and ensuring implementation within the timing, time and financial schedules of each project .
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The Iraqi Minister of Planning, Khaled Battal Al-Najm, chairs a meeting to discuss the instructions for implementing the Financial Administrative Law
August 24, 2020 2:04 PMMubasher: The Iraqi Minister of Planning, Khaled Battal Al-Najm, chaired today, Monday, a meeting that included the technical and administrative secretaries, the general directors of government sectors and investment directorates, economic and financial policies and the legal department; To discuss the draft instructions for implementing the Financial Management Law.
The Minister stressed, during the meeting that was devoted to discussing the draft instructions for implementing the Financial Management Law in light of the amendments witnessed by the law, that the Financial Resources Law should have been applied at the beginning of this year, but as a result of the circumstances the country went through, its implementation was delayed.
Al-Najm said that the Financial Management Law gives the Ministry of Planning a good space in drawing up and directing the financial policy in Iraq.
The minister stressed the need to develop the operational policy into the concept of projects and components, in order to benefit from this concept in the maintenance of fixed assets of state institutions, which suffer from the absence or lack of financial allocations, which led to the exposure of those assets, which include buildings, furniture, etc., to a lot of Damage and out of service .
Al-Najm pointed out that the Ministry of Planning is working to ensure that the instructions for implementing the Financial Management Law are commensurate with the Ministry's mission of development by granting it broader powers regarding the file of government investment projects.
[ltr]
Volume 0%
[/ltr]
The minister indicated that the required powers are for the ministry to undertake the approval, allocation, launch and financing of projects, with the aim of facilitating procedures and ensuring implementation within the timing, time and financial schedules of each project .
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