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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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    Warnings from the integration of the budgets of 2014 with 2015

    Rocky
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    • Post n°1

    Warnings from the integration of the budgets of 2014 with 2015 Empty Warnings from the integration of the budgets of 2014 with 2015

    Post by Rocky Sun 03 Aug 2014, 7:12 am

    Warnings from the integration of the budgets of 2014 with 2015

    08/03/2014
     
     
    BAGHDAD / JD / .. warned a number of deputies and economic experts from the integration of the budgets of the year 2014 with 2015, after the inability of the House of Representatives approving the budget of the previous year, he will affect the Iraqi economy and investment projects of the country.
    A source parliamentary intention to merge the budgets of the House of Representatives this year, with next year's budget and its approval in a single session.
    The head of the House of Representatives, Salim al, had announced the formation of a special committee to discuss the budget is made up of deputies from specialists in the field of financial, economic and representatives of all the political blocs, and in preparation for approval in the coming sessions.
    MP Amer-winning member of the committee of economy and investment in the former parliament, said that the delay in the adoption of the budget is a black spot in the former parliament, because the delay in the budget for the whole year means delay investment projects and the work of the state except exchange entitlements and some services are simple and this is what happened now, but offer new services, it is late and adversely affect the Iraqi economy in general.
    He said the winner told / JD /: "The integration of the budgets of 2014 and 2015 will change the cost and wage labor, all of which date back negatively on the state treasury," stressing that "there is no solution to the issue of delay economic projects because it is not a solution without funds and the funds are not spent, but the adoption of the budget, but advances given to some of the projects which the work is already profitable. "
    For its part, approved the Member of Parliament for the Liberal bloc Magda Abdel-Latif al-Tamimi, that the integration of the budgets of 2014 and 2015 in one package contrary to the Financial Administration Act and the Public Debt No. 95 of 2004 as amended.
    Said al-Tamimi, a member of the Finance Committee in the House of Representatives earlier, he was "within the definitions of the department," 2 "of the Financial Administration Act and the Public Debt No. 95 of 2004 amended there is a clause stating that" the budget allocations is the legal authority granted to the government to spend public money during the year Finance for specific purposes, "as that within the definitions in the law that" the financial budget program based on annual estimates of revenue and expenses and in-kind transfers and attributes of the Government. "
    She added that part of Chapter IV of the Act in general provisions, there text emphasizes that "recognizes the budget year financial and takes effect during the year that passed her assignments," pointing out that we conclude from all this that he is not permitted to merge Moisntin According to this law, and acknowledge each and every one of them on alone.
    And Izzat al-Tamimi, so that the integration of Moisntin can confuse the economic reality in the country, as well as the law does not allow it so the exclusion of exchange and control.
    She noted that the current year budget should not acknowledge in its current form because it Asigt rates according to the production and export of oil, but now certain Iraqi production was not up to the scheme to him because of the violence and stop production in the northern fields.
    It has been considered to economic expert on behalf Tamimi, merging in 2014 with a budget of 2015 is very wrong idea, and would cause major economic disruptions of the country.
    Said Quraishi told / JD /: all annual financial budget have isolated final accounts for the financial year that preceded it or be followed by, according to the changes that occur on them.
    He pointed out that in both the formulation of annual budget plan is developed to study and find out the price of oil and what is the amount of oil that will be pumped before placing the financial budget, stressing that the integration Almoisntin big mistake, In addition, postpone adoption of the budget for a further period of legally another mistake.
    He emphasized that the integration of the budget would negatively affect the Iraqi citizen and investment projects stalled, adding that the private sector has four million people working in the private sector make a living on the spending of the budget, and there will be paralysis of major economic and off many of the projects, including health projects, investment and services in general.
    He added that the government since the beginning of this year, began to lend money from the Rafidain and Rasheed to walk matters of state from paying salaries, etc., in addition to the import of weapons and munitions on credit, so it is assumed the adoption of the budget in 2014 for the purpose of debt repayment.
    He had warned the Ministry of Finance earlier, the House of Representatives, from the integration of the current budget, which did not acknowledge until now with the budget next year, noting that the adoption of the law of the financial budget for the current year should be at the forefront of his priorities because they are linked to the interests of citizens broken.
    The Minister of Finance Agency, purity of net debt, that "the adoption of the budget in 2014 requires accelerate the formation of relevant parliamentary committees to take their role in the budget discussion," adding that "the Ministry of Finance is working to end the preparation of the budget in 2015 while waiting for approval of the budget in 2014."
    Net and warned of "economic damage and disruption of legally significant will happen in the case of the integration of the current year budget in 2014 with next year in 2015, and stressed" the importance of the legislation before the end of the 2014 budget year and as soon as possible. "/ Finished / 8 /

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