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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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    Calls for the preparation of budget plans and strategies for the coming years

    Rocky
    Rocky
    Rocky
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    Posts : 268431
    Join date : 2012-12-21
    • Post n°1

    Calls for the preparation of budget plans and strategies for the coming years Empty Calls for the preparation of budget plans and strategies for the coming years

    Post by Rocky Wed 06 Aug 2014, 8:00 am

    Calls for the preparation of budget plans and strategies for the coming years          
     
     
    8/6/2014 0:00 


    After disabling for the current year and the continuing controversy which 
    BAGHDAD - Farah pumice
     After he became the general budget of the country a subject of controversy between the parties, the political, economic, led to the disruption of a lot of important projects, and the work of the government to the principle of the predecessor of Finance to cover necessary expenses, but observers and experts cheered the intention of the new parliament on approval after the agreement on the formation of a committee to it. 
    center of this picture, called an economist and finance and planning ministries to implement the policy of a new strategy concerning the preparation of the budget plans and strategies for the years to come, and not the budget allocations and expenditures. 
    economic expert Zuhair al-Hassani believes that the new parliament works psychology better than his former, for what promises to their quest in approving the budget, the public at the earliest opportunity possible, especially after the formation of a special committee to study it. 
    added Hassani in his statement the "morning": "As regards to assignments and supplement the investment projects the government has coverage through advances Finance which does not pose an obstacle legally or financially, which is dealing with investment projects, in part," believing that the Council current parliament is keen to approve the budget, what leads to resolving the situation through the delivery of financial allocations to all ministries and institutions to contribute to the escalation of the pace of work and achievement. 
    expressed observers are optimistic endeavor of the House of Representatives to approve the budget for the current year of 2014, after the president of the parliament to form a committee for discussion, expecting the return of economic stability of the country in the coming period. 
    either allocations armed forces and displaced persons, Faragh expert pursuit of Parliament to increase these rates by providing credits, despite an increase in the budget deficit, but it is by default rather than real, especially that imports of the country obtained from oil exports covering budget allocations public. 
    also pointed to the possibility of the Council of Ministers to increase allocations spending in this area (support military forces and displaced persons), within the budget bill, and be able to address them, especially now that oil imports increased not been affected by the recent events because of investments in the field of oil therefore that the financial situation of the country, "good," he says. Iraq relies on oil imports to finance about 95 percent of the budget of the annual financial, as estimated current year budget in 2014 to more than 170 trillion dinars, constitute investment of which 40 percent. Hassani said : "The budget, since the change is in revenues and expenses and there is no match between the budget and the National Development Plan, and there is a true reflection of the development of five-year budget is considered as inputs and outputs only, despite an increase in the proportion of the investment budget ratio of operating, but it did not reflect only the implementation of the projects already and prepared and have been allocated in the budget have not been implemented so far, and this depends on political stability in the country. "forecasts pointing out that Iraq will be among the 30 largest economies in the world by 2028, provided the return of political stability and security, came in a report issued by the Center for Economic Research and business Britain earlier this year, as it focuses on Ranked on three elements, namely the growth of real GDP, and inflation expectations, and the expectations of the currency. has struck Iraq in the past few years, contracts to develop its oil fields, as it is expected to produce about 8 million barrels per day by the year 2017.
     
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