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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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Finance fails to comply with the date of sending the budget to the government

rocky
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Finance fails to comply with the date of sending the budget to the government Empty Finance fails to comply with the date of sending the budget to the government

Post by rocky Thu 16 Sep 2021, 7:39 am

[size=52]Finance fails to comply with the date of sending the budget to the government[/size]

[size=45]Baghdad/ Firas Adnan[/size]
[size=45]The Ministry of Finance failed to send the budget strategy to the government on time, while a parliamentary committee confirms that the adoption of the law in the current session will only happen in one case related to the postponement of the elections, but it considered this option as weak, and it is expected that the next parliament will discuss it in the month of March, and that After completing the outcomes of the electoral process, the last of which is the formation of the government.[/size]
[size=45]And Finance Minister Ali Allawi had announced at the beginning of this month the completion of the follow-up to the proposed federal budget model for the next year and the study of the mechanisms for its implementation.[/size]
[size=45]A member of the Finance Committee in the House of Representatives, Ahmed Hama Rashid, said in a statement to (Al-Mada), that "the timings of the federal budget are specified according to clear texts in the effective financial management law."[/size]
[size=45]Rashid continued, "One of these timings begins in the middle of the fifth month, and it is related to setting the budget strategy, and it will end in mid-September by sending it to the Council of Ministers." He pointed out, "Yesterday was the last date for this timing, but until the present time, the strategy in the Ministry of Finance has not been completed, and this is a clear shortcoming."[/size]
[size=45]Rashid pointed out, "This means that the strategy was not sent to the Council of Ministers, so that it can then be turned into a project and approved in preparation for sending it to Parliament." He stressed, "The law imposes on the government at another time, which is the tenth of October of each year, to deliver the project after approval in the Council of Ministers to the House of Representatives for discussion and approval of the law."[/size]
[size=45]Rashid continues, "The House of Representatives voted on a resolution on March 31 that includes ending the work of the current session on the seventh of next month, in preparation for holding early elections only three days after this date."[/size]
[size=45]He pointed out, "The legal timings and the lack of commitment to them, as is clear, leads us to the conclusion that the budget law is transferred to the new electoral cycle, and this comes with the inability of the House of Representatives to hold its sessions for about two months due to the preoccupation with electoral campaigns in addition to other factors related to political will." “.[/size]
[size=45]Rashid went on to say, "Aspirations will turn to the next parliament to discuss the law in its first sessions, and not disrupt it for many reasons related to the formation of the government, committees and others, and therefore we may be facing a third year without a budget after the experience of 2014 and 2019."[/size]
[size=45]Political blocs, led by the Al-Fateh Alliance, had expected that the differences after the upcoming elections would not approve the 2022 budget, which would negatively affect investment projects that depend on the public treasury for financing.[/size]
[size=45]For his part, the other committee member, MP Jamal Kougar, said in a statement to (Al-Mada), that "Finance Minister Ali Abdul Amir Allawi made several statements to the media stating that the budget bill has reached its final stages."[/size]
[size=45]Cougar continued, "We have not heard that the project has reached the Council of Ministers until the present time," expressing his surprise at this position, saying, "We do not know that the project has been fully prepared with tables and numbers, or did these statements come from speculation and expectations."[/size]
[size=45]He noted, "The law is still in the custody of the Ministry of Finance, and we are waiting for it to be transferred to the government, which in turn will discuss and vote on it, before it reaches Parliament."[/size]
[size=45]Cougar asserts, “It is impossible to pass the budget during the current session, because discussions need at least a full month from the date of the law’s arrival in the House of Representatives, while early elections will take place after only 25 days.”[/size]
[size=45]He believes, "The budget can be approved in the current session in only one case, which is that the elections are postponed to their usual date, and then we will have plenty of time to complete the first and second readings of the law and then vote on it."[/size]
[size=45]Cougar added, "This possibility is very weak due to everyone's insistence on holding early elections on time, on the tenth of next month."[/size]
[size=45]On the other hand, it is expected that “the start of discussing the budget law for 2022 in Parliament will be during the month of next March,” noting that “the alternative to the budget in case it is delayed or not approved for the next year is to resort to the application of the Financial Management Law by disbursing allocations to public spending units at a rate Monthly (1/12), compared to the 2021 budget.[/size]
[size=45]Cougar concluded, "The outcomes of the elections need time, which is announcing the results, holding the first session, and assigning the bloc's most numerous candidate to form the government, and then voting on the cabinet, forming parliamentary committees."[/size]
[size=45]It is noteworthy that the government had promised at the beginning of last August to send the budget law for the next year before the date of the early elections, after completing formulations in line with the economic and financial reality and the ministerial curriculum, and talked about including reform aspects related to political difficulty, without revealing its details.[/size]
[size=45]Baghdad/ Firas Adnan[/size]
[size=45]The Ministry of Finance failed to send the budget strategy to the government on time, while a parliamentary committee confirms that the adoption of the law in the current session will only happen in one case related to the postponement of the elections, but it considered this option as weak, and it is expected that the next parliament will discuss it in the month of March, and that After completing the outcomes of the electoral process, the last of which is the formation of the government.[/size]
[size=45]And Finance Minister Ali Allawi had announced at the beginning of this month the completion of the follow-up to the proposed federal budget model for the next year and the study of the mechanisms for its implementation.[/size]
[size=45]A member of the Finance Committee in the House of Representatives, Ahmed Hama Rashid, said in a statement to (Al-Mada), that "the timings of the federal budget are specified according to clear texts in the effective financial management law."[/size]
[size=45]Rashid continued, "One of these timings begins in the middle of the fifth month, and it is related to setting the budget strategy, and it will end in mid-September by sending it to the Council of Ministers." He pointed out, "Yesterday was the last date for this timing, but until the present time, the strategy in the Ministry of Finance has not been completed, and this is a clear shortcoming."[/size]
[size=45]Rashid pointed out, "This means that the strategy was not sent to the Council of Ministers, so that it can then be turned into a project and approved in preparation for sending it to Parliament." He stressed, "The law imposes on the government at another time, which is the tenth of October of each year, to deliver the project after approval in the Council of Ministers to the House of Representatives for discussion and approval of the law."[/size]
[size=45]Rashid continues, "The House of Representatives voted on a resolution on March 31 that includes ending the work of the current session on the seventh of next month, in preparation for holding early elections only three days after this date."[/size]
[size=45]He pointed out, "The legal timings and the lack of commitment to them, as is clear, leads us to the conclusion that the budget law is transferred to the new electoral cycle, and this comes with the inability of the House of Representatives to hold its sessions for about two months due to the preoccupation with electoral campaigns in addition to other factors related to political will." “.[/size]
[size=45]Rashid went on to say, "Aspirations will turn to the next parliament to discuss the law in its first sessions, and not disrupt it for many reasons related to the formation of the government, committees and others, and therefore we may be facing a third year without a budget after the experience of 2014 and 2019."[/size]
[size=45]Political blocs, led by the Al-Fateh Alliance, had expected that the differences after the upcoming elections would not approve the 2022 budget, which would negatively affect investment projects that depend on the public treasury for financing.[/size]
[size=45]For his part, the other committee member, MP Jamal Kougar, said in a statement to (Al-Mada), that "Finance Minister Ali Abdul Amir Allawi made several statements to the media stating that the budget bill has reached its final stages."[/size]
[size=45]Cougar continued, "We have not heard that the project has reached the Council of Ministers until the present time," expressing his surprise at this position, saying, "We do not know that the project has been fully prepared with tables and numbers, or did these statements come from speculation and expectations."[/size]
[size=45]He noted, "The law is still in the custody of the Ministry of Finance, and we are waiting for it to be transferred to the government, which in turn will discuss and vote on it, before it reaches Parliament."[/size]
[size=45]Cougar asserts, “It is impossible to pass the budget during the current session, because discussions need at least a full month from the date of the law’s arrival in the House of Representatives, while early elections will take place after only 25 days.”[/size]
[size=45]He believes, "The budget can be approved in the current session in only one case, which is that the elections are postponed to their usual date, and then we will have plenty of time to complete the first and second readings of the law and then vote on it."[/size]
[size=45]Cougar added, "This possibility is very weak due to everyone's insistence on holding early elections on time, on the tenth of next month."[/size]
[size=45]On the other hand, it is expected that “the start of discussing the budget law for 2022 in Parliament will be during the month of next March,” noting that “the alternative to the budget in case it is delayed or not approved for the next year is to resort to the application of the Financial Management Law by disbursing allocations to public spending units at a rate Monthly (1/12), compared to the 2021 budget.[/size]
[size=45]Cougar concluded, "The outcomes of the elections need time, which is announcing the results, holding the first session, and assigning the bloc's most numerous candidate to form the government, and then voting on the cabinet, forming parliamentary committees."[/size]
[size=45]It is noteworthy that the government had promised at the beginning of last August to send the budget law for the next year before the date of the early elections, after completing formulations in line with the economic and financial reality and the ministerial curriculum, and talked about including reform aspects related to political difficulty, without revealing its details.[/size]
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