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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The 1/12 system enters into force in Iraq

    Rocky
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    • Post n°1

    The 1/12 system enters into force in Iraq Empty The 1/12 system enters into force in Iraq

    Post by Rocky Sun 02 Jan 2022, 5:56 am

    The 1/12 system enters into force in Iraq

    •  Time: 01/01/2022 17:49:47
       
    •  Reading: 12,246 times

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    {Economic: Al Furat News} The former Director of the Financial Supervision Bureau, Salah Al-Nuri, announced, on Saturday, that the 1/12 system for disbursing funds will be implemented in the country.
    The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. [You must be registered and logged in to see this link.]
    Al-Nouri told Al-Furat News that: "Iraq today entered the implementation of the budget according to the Financial Management Law 12/1 of the 2021 budget."
    He added, "Where the salaries will be paid continuously and without delay, and the service projects that Iraq needs on a daily basis, such as the ruling expenses, and 1/12 of the allocated amounts."
    Al-Nouri continued, "As for the projects that will continue to be spent on, they are the projects that were contracted in previous years, and it is not possible to contract or spend on any project without its inclusion and approval in the next budget."
    The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, announced the completion and preparation of the draft Federal Financial Budget Law for 2022.
    Saleh said in a press statement, "A country without a budget gives a misleading and distorted picture of economic life, and the goals are unclear, as the method of exchange in the absence of the budget's approval will be a reality if there is no planning, and it is called a cash budget, and the disbursement is done according to cash income." .
    And he indicated, "The disbursement will be according to the price of a barrel of oil in the 2021 budget, at an amount of 45 dollars, and the increase in prices will be additional financing, meaning that the constants of the year 2021 will be the same as the constants of 2022."
    From: Raghad Daham
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