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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


    Finance: the financial situation of a stable Iraq

    Rocky
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    • Post n°1

    Finance: the financial situation of a stable Iraq Empty Finance: the financial situation of a stable Iraq

    Post by Rocky Sat 23 Aug 2014, 6:13 pm

    Finance: the financial situation of a stable Iraq

    8/24/2014 0:00

    Approval of a proposed operating budget for 2014 with the final accounts only

    Baghdad, Ali Ahmed Abed Rabbo, a conciliator

    The Ministry of Finance has assured citizens that certainly the financial situation in the country is witnessing a state of stability as a result of continuing to pump oil exports.

    As an economist suggested approving the operating budget for 2014, with the final accounts, became Mstdana government institutions to the private sector in large amounts because of the lack of legislation the current year budget.

    Project finance

    A source in the Ministry of Finance said a statement the "morning": that some ministries and government institutions agreed with the private sector companies within contracts funded projects until the adoption of the current year budget in 2014. "

    He called on companies to adhere to contracts with ministries and non-stop projects the fact that the Iraqi citizens desperately need to provide services.

    The source added that the current year budget has paid interest in the files of energy, security and services, indicating that the benefits of financial companies exist and will be spent after approving the budget, financial situation for a stable Iraq and that the continuation of oil exports, excluding the inability to approve the budget this year because he can not be legislation next year's budget without the approval of the budget 2014.

    He also noted that the delay in approving the budget breakdown implementation of investment projects listed by ministries and local governments during the current year, but some of the projects referred to in the past years and continuing to the existence of financial allocation to them.

    This was preceded by the House of Representatives ended the previous parliamentary Bdorth first reading of the draft law on the budget year of 2014, without being able to complete the second reading of the draft because of the disruption of quorum as a result of political pressure, to leave the budget for the current parliamentary session back to the government.

    Final accounts

    For his part, called on the Deputy Governor of the Central Bank of the previous appearance of Mohammed Saleh told the "morning" to approve the department's operational budget this year with the issuance of the final accounts have then legislation the budget year 2015, the fact that military spending led to a reallocation of funds from the amounts of the investment budget to This aspect, and thus became the consumer budget is devoted to investment and unemployment lead to a decline in GNP.

    He went in favor of the need to reduce consumption expenditures and leave some non-essential projects in the budget next year in the event of continued spending on the military effort so as not to confuse would disrupt the development process.

    The private sector

    In turn, the administrative agent of the Ministry of Health T-Saad for "morning": that many of the hospitals and health institutions have become Mstdana of the private sector in large amounts as a result of a failure to approve the budget so far this year, which led to withstand managers responsible for large contracting or entering commitments with the private sector walk to work in their organizations, the fact that the ministry is required to provide health services under all circumstances to save the lives of patients, calling at the same time, the House of Representatives to speed up the adoption of the budget.

    He pointed to the existence of problems in the exchange ratio of 1/12 specific to the ministry with other problems in the allocation of a lump sum, as it does not give stakeholders all funding, as well as contributing to a halt projects and new signings What is the effect on the ministry's efforts to expand health services in areas that are lacking , warning that the ministry was deeply affected as a result of a failure to approve its annual budget equivalent to five percent of the country's budget which is already not enough to cover all the activities carried out by the ministry, as called several times to the allocation of 10 percent of the state budget to improve the health sector in all his joints.

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