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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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Parliamentary Finance: 22 million citizens were affected by the lack of approval of the budget

rocky
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parliamentary - Parliamentary Finance: 22 million citizens were affected by the lack of approval of the budget Empty Parliamentary Finance: 22 million citizens were affected by the lack of approval of the budget

Post by rocky Mon 05 Sep 2022, 5:05 am

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[size=52]Parliamentary Finance: 22 million citizens were affected by the lack of approval of the budget[/size]

[size=45]Baghdad/ Firas Adnan[/size]
[size=45]The Parliamentary Finance Committee reported that about 22 million Iraqis were affected by the delay in the federal budget law, noting that the holders of the job grades listed in the Emergency Support Law for Food Security and Development will face problems in securing salaries three months after joining their work, but it indicated that the salaries of the rest of the employees The state is insured, and there is no legal provision preventing its disbursement.[/size]
[size=45]Committee member Jamal Cougar said, "The economic situation in Iraq is very similar to a patient who cannot take medicine despite its presence in abundance in local markets."[/size]
[size=45]Cougar added, "Iraq has abundant financial resources, but it cannot benefit from it in the absence of the budget law for the current year, and the matter may extend to the next year."[/size]
[size=45]He pointed out, "The data of the Ministry of Finance and the Central Bank indicate a surplus of $22 billion during the first half of this year."[/size]
[size=45]Cougar warned, that "these amounts will not benefit the citizen, as they will not be converted into projects and job opportunities in the absence of the budget law."[/size]
[size=45]He stressed, "Iraq is facing a real crisis that has more than one face. The most important aspect is that Iraq is going through a government that carries out daily tasks that does not have the authority to exchange a dinar added to last year's expenses."[/size]
[size=45]Cougar stated, "The government cannot proceed with action plans or strategic projects, support for the private sector, and other aspects, all of which are completely suspended."[/size]
[size=45]He pointed out, "Those who receive salaries from the state do not exceed 3 million and 270 thousand people," noting that "these salaries, if we say that each salary is shared by 6 people who make up one family, the beneficiaries of them do not exceed 20 million people." .[/size]
[size=45]Cougar explained, "There are 22 million others who are deprived of the financial management of the state in the absence of a budget," noting that "when the government does not have a budget, this means that it does not have anything new."[/size]
[size=45]He stated, "The government that does not have anything new, it means that it is suspended and in a state of decline," stressing that "what is in the ministries will be exposed to extinction; Due to the inability to provide funds for maintenance and maintenance.”[/size]
[size=45]Cougar spoke about “there is a difference between the salaries that are granted to employees and retirees and between projects,” stressing that “the salaries are part of the operating budget, which is secured by the amended Financial Management Law No. 6 of 2019.”[/size]
[size=45]He stated, "Iraq has not witnessed, since the beginning of the formation of the modern state in 1923 until the present time, that the government will not be able to pay salaries, whether there is a budget or not."[/size]
[size=45]Cougar stated, "There is a problem that will occur in part of the salaries, through the Emergency Food Security Support Law No. 2 of 2022, which included providing job opportunities for 15,000 distributed among the governorates."[/size]
[size=45]He stressed, "The law provided salaries for these degrees for a period of three months, and what is more than that, the Ministry of Finance needs another legal cover similar to the food security or budget law."[/size]
[size=45]Cougar added, "This category will face financial problems after receiving three months' salaries," explaining that "the salaries of the rest of the employees are secured, and there is no text that prevents the government from paying them."[/size]
[size=45]For his part, the economic expert, Amer Al-Jawahiri, stated that "the political blockage delayed the formation of the government, and this in turn was the first reason for not approving the budget law for the current year."[/size]
[size=45]Al-Jawahiri added, "Observers are beginning to live in a state of concern about the state's ability to prepare and pass the next year's budget in light of this complex political situation."[/size]
[size=45]He stressed, "The importance of the budget, especially if it involves programs and aims to develop and improve the economic situation of Iraq by diversifying its sources, which has not happened until the present time."[/size]
[size=45]Al-Jawahiri agrees with Cougar, that “the rise in oil prices has brought Iraq an important financial abundance, which has led to a rise in the cash reserves of the Central Bank, which exceeded $80 billion.”[/size]
[size=45]He believed, "This rise does not mean an improvement in the economic situation unless those funds are harnessed to develop the country's economy and diversify its sources."[/size]
[size=45]Al-Jawahiri went on to say that "Iraq, despite the improvement in the level of revenues, is witnessing an increase in unemployment and poverty rates and a high rate of inflation compared to last year."[/size]
[size=45]He promised, "The financial situation of Iraq is an additional allocation that was made in the Emergency Support Law for Food Security and Development," noting that "these amounts are the ones that can be used by the government."[/size]
[size=45]Al-Jawahiri concluded, “The exit from the economic crisis will be by forming a government with full powers that can present the draft budget to the House of Representatives for the purpose of approval, provided that this project includes programs that serve the national economy.”[/size]
[size=45]It has become virtually impossible to pass the federal budget law for the current year, while the government is seeking to develop the main features of the next year's budget with great fears that it will not be approved also in light of the continuing political crisis.[/size]
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