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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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Parliamentary Finance: The government has not implemented the important part of the current budget s

rocky
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parliamentary - Parliamentary Finance: The government has not implemented the important part of the current budget s Empty Parliamentary Finance: The government has not implemented the important part of the current budget s

Post by rocky Sun 06 Jun 2021, 8:06 am

Parliamentary Finance: The government has not implemented the important part of the current budget so far





Formation of a ministerial committee to prepare next year's project strategy
Baghdad - Waad Al-Shammari:
Yesterday, Saturday, the Parliament’s Finance Committee confirmed that the important part of the current budget has not been implemented so far, while revealing that the government formed a committee to prepare the draft law for the next year, expecting to present a draft that does not depend on real data and data because of ignoring the final data.
In an interview with Al-Sabah Al-Jadeed, the committee’s rapporteur, Representative Ahmed Al-Saffar, said that “the important part of the current year’s budget has not yet been implemented, which is surprising.”
Al-Saffar added, "Last week, the Parliamentary Finance Committee had continuous meetings with governors to discuss reconstruction plans and investment projects."
He pointed out, "This delay in implementation coincides with the start of the government to form a committee to develop a budget strategy for 2022."
Al-Saffar pointed out that "the theory of public finance requires starting from a certain level reached by previous budgets."
He stressed, "For the past years, Iraq has been undertaking the preparation of budgets and then legislating them without reviewing final statements, and without relying on previous data."
Al-Saffar stressed, "The government may be able, in both theory and form, to prepare a budget that does not differ much from the draft law for the current year."
Al-Saffar explained, "The Finance Committee made efforts over a period of two months until it was able to change the rigid financial paper that was devoid of a social and economic vision and fairness in distribution, and turned it into a budget that was voted on in the House of Representatives."
He noted, "These negatives did not prevent the government from directing the appeal to ten paragraphs of the law."
Al-Saffar went on to say, "What is currently happening is that a government committee was formed to develop the budget strategy, which is supposed to be consistent with the ministerial curriculum and include data starting from the foundations of the institutions to the top of the pyramid before presenting it to the cabinet."
For his part, Committee member MP Ahmed Hama Rashid said, in a statement to Al-Sabah Al-Jadeed, that “what we fear is presenting mere tables as a draft budget, as happened at the beginning of this year.”
Rashid continued, "The House of Representatives in its current session may not be able to pass the budget, and it will be carried over to the next session; Because we are heading to early elections.”
He continues, "The Financial Management Law stipulates that the government submits the budget bill before October 15, a date that is usually skipped."
Rashid concluded, “The current budget has taken us a long time, and that the experience is repeated is very expected, and of course Parliament will reformulate it and then challenge it every year by the government.”
It is noteworthy that the House of Representatives had voted on the current year's budget at the end of March, while the Finance Committee revealed that the government submitted appeals that included ten paragraphs distributed over six articles in the law.
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