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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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The Parliamentary Development Institute holds a specialized seminar on the general budget

rocky
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budget - The Parliamentary Development Institute holds a specialized seminar on the general budget Empty The Parliamentary Development Institute holds a specialized seminar on the general budget

Post by rocky Fri 18 Mar 2022, 5:58 am

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[size=52]The Parliamentary Development Institute holds a specialized seminar on the general budget[/size]

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On Wednesday, the Parliamentary Development Institute, in cooperation with the International Republican Institute, held a specialized symposium for representatives on (reading and analyzing the federal general budget and the financial concepts contained therein).
The Director-General of the Parliamentary Development Institute, Saad Fayyad, stressed in his speech during the symposium held in the Constitutional Hall in the Parliament building, that the methodology adopted by the Institute in its work is based on developing the skills and capabilities of members of Parliament in the legislative and oversight fields, in addition to striving to prepare the best national and international competencies and expertise. In various fields to advance the work of the legislative authority in Iraq. The Director General of the Institute indicated that benefiting from this specialized symposium represents an important goal to enhance the knowledge opportunities that the Institute is keen to achieve through the valuable information it provides in the field of concepts contained in the Federal Budget Law, explaining that this workshop is part of a series of workshops with multiple titles and specializations that will be organized In cooperation with local and international bodies and organizations during the coming period to proceed in achieving the desired goals and reach the ultimate goal of developing the performance of the legislative institution. Then, the financial expert, Dr. Mahmoud Dagher, gave in his lecture an analytical presentation on the mechanisms for drafting the budget, the ways to benefit from the resources, and the process of approving them. Dr. Dagher stressed the importance of the budget's role in achieving development and implementing the fiscal policy, as it is the legal document approved by the legislative authority to monitor the estimates of expenditures necessary for the state. The minutes pointed out that there are basic rules for the general budget to be adopted and several concepts, including the difference between the government sector, which deals with central government funds, and the year in which self-financed companies are included, noting that the Maronites have an annual basis for every 12 months, in addition to the general rule, balance and non-allocation. The financial expert indicated that the fiscal policy is of two types, the first is expansionary towards growth and investment of resources, and the other is contractionary affected by the dominance of the public sector, indicating the types of budgets that include balancing items that are easy to formulate and follow-up and which Iraq adopts, and balancing programs and performance, which have positive advantages and a zero-based budget that is placed on the basis that it is done without deficit or surplus. He reviewed the stages of preparing the general budget since discussing the strategy prepared by a specialized financial committee, passing it on to the government and finally submitting it to the House of Representatives for approval. The minutes touched on public revenues, public expenditures, and the monetary process of dealing in dollars, calling for diversifying sources of income in order to increase revenues, whether direct revenues such as taxes on salaries or corporate profits, or indirect ones such as taxes on sales or the level of production, in addition to the public treasury's share of the profits of self-financed institutions .
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