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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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Parliamentary Finance: 25 trillion surplus in treasuries that we cannot use

rocky
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parliamentary - Parliamentary Finance: 25 trillion surplus in treasuries that we cannot use Empty Parliamentary Finance: 25 trillion surplus in treasuries that we cannot use

Post by rocky Thu 01 Sep 2022, 5:11 am


[size=30]Parliamentary Finance: 25 trillion surplus in treasuries that we cannot use


2022-09-01
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Yes Iraq: Baghdad

On Thursday, the Parliamentary Finance Committee considered not approving the budget for the year 2023 as a “difficult matter,” revealing that there are 25 trillion dinars as surpluses in the state’s government coffers that will be of no use.
Committee member Muhammad Nouri said that "despite the completion of the 2022 budget and its readiness in terms of estimates, the current situation has prevented its approval."
And Nuri added, "The adoption of the emergency food security law came to get rid of approving the 2022 budget and the confusion that is being raised inside the street, and to fulfill the necessary governmental obligations for the governorates, the security contracts and the charters of the security forces."
He believed that "approving the 2023 budget will be difficult, with the continuation of political events," expressing "his optimism for a breakthrough or a political agreement early next year."
He continued, "The recovery of the economy came due to the rise in oil prices, without plans to correct it or find other outlets, which led to alleviating the financial burden and providing large sums in the absence of the budget," noting that "the surpluses amounted to 50 trillion dinars, divided by 25 trillion to the support law. Emergency food security and development, and the same is located in the state treasury and government treasuries without any doors to exchange, but accumulate in the form of deposits in the government accounts in the Central Bank and the Commercial Bank to enhance the existing hard currency, which is high to 76 billion dollars, and the previous debt estimated at 90 billion can be paid. dollar".
Nuri pointed out that "the absence of correct numbers, actual work, oversight of all ministries, and accountability for their expenditures and how to contract after disrupting Parliament, which puts a set of speculations in the next year's budget that may not be in the interest of the street."
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