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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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Parliamentary Finance: Investment allocations in the budget are "shy and helpless"

rocky
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budget - Parliamentary Finance: Investment allocations in the budget are "shy and helpless" Empty Parliamentary Finance: Investment allocations in the budget are "shy and helpless"

Post by rocky Mon 27 Sep 2021, 7:21 am

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A member of the Parliamentary Finance Committee, Jamal Cougar, said on Monday (September 27, 2021) that the investment budget allocations in the 2021 Budget Law are too shy and unable to meet the development requirements.
Cougar said, in a statement to  IQ News , that "the ceiling of the investment budget in the 2022 draft law cannot be raised, given that the operating budget acquires the majority of budget funds due to the large number of employees."
He added that "there are approximately 55 trillion dinars that go annually from the budget as salaries and wages for state employees, as well as the amounts that go towards repaying debts, so what is left of the operational budget is shy and modest sums."
He stressed that "the requirements of development and stopping to continue borrowing cannot be achieved unless there is a real management of the budget law with an investment mentality."
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    Current date/time is Mon 06 Dec 2021, 12:21 pm