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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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    A parliamentarian submits a proposal on the budget for next year

    Rocky
    Rocky
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    A parliamentarian submits a proposal on the budget for next year Empty A parliamentarian submits a proposal on the budget for next year

    Post by Rocky Sat Apr 24, 2021 8:16 am

    [size=52]A parliamentarian submits a proposal on the budget for next year[/size]

    [size=45]Today, Friday, a member of the Parliamentary Finance Committee, Muhammad al-Shabaki, proposed adopting the current year’s budget after making some adjustments to it as a budget until next year 2022, to ensure that there is no vacuum as a result of early elections and the next stages of forming the parliament and government.[/size]
    [size=45]Al-Shibaki said that "in mid-October, parliamentary elections will take place, and within what is expected is that we need a month for counting and sorting, and then the same period for appeals and approval of the names of the winners, especially since the scene will be complex and have many problems due to the new electoral system that will be adopted in these elections." "After all these rounds and noise, the new parliament may not hold its first session except in April or June of next year, and it also needs marathon rounds to vote on the three presidencies and form the new government."[/size]
    [size=45]Al-Shibaki added, “After all that period, more than two-thirds of the next year will be over, and there will be no time for the Finance Ministry in the new government to prepare a budget for the year 2022, and even if it prepared it, it will not be of use because of the approaching end of the fiscal year,” noting that “according to "These data, the next year will not be a budget in the traditional way and will go to the adoption of 1 percentage on the 12th of the budget of the previous year, according to the Financial Management Law."[/size]
    [size=45]He continued, "The Ministry of Finance says that within its technical procedures, the budget for each year is ready, and the remaining minor adjustments end with the House of Representatives' procedures in transfers, reduction and preparation," explaining that "our vision and our proposal is moving towards going to discuss and address some errors in the current budget and complete Some appeals, and at that time, will come up with a new budget ready and suitable for voting on it in the same final form after those amendments for the year 2022. ”[/size]
    [size=45]"The proposal is for one year and not more than a year, given that the changes that occur on many political, security, health and global oil prices all affect significantly the numbers of budgets in case they have been approved for more than a year," Al-Shabky stressed.[/size]
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