Economist Mohammed Taqa: Violations in the Iraqi budget and its approval mechanism

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[size=52]Economist Mohammed Taqa: Violations in the Iraqi budget and its approval mechanism[/size]

[size=45]Economist Muhammad Taqa to Al-Zaman: Violations in the Iraqi budget and its approval mechanism
April 2, 2023
Unstudied legislation And subject to the political mood opens the doors of financial corruption
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Amman - Alaa Al-Ani[/size]
[size=45]The announcement of the unification of the Iraqi budget for three consecutive years and its referral from the government to Parliament raised a number of responses Do the political and scientific, and here you complete - time - a survey of the opinions of experts and academics in the form of the financial situation and its relationship State structure, he thinks[/size]
[size=45]The Iraqi economist, Prof. Dr. Muhammad Taqa, in his comment on what the Prime Minister said regarding the adoption of A financial budget for Iraq for the next three years, saying: The statement made by the Prime Minister caught my attention, And he refers the draft general budget of the Iraqi state to the House of Representatives, by saying, according to his statement, after The Council of Ministers meeting held on Monday 3/13/2023 stated that the Council of Ministers approved a draft law The federal budget for the fiscal years 2023, 2024, and 2025. What is surprising is that the Council of Ministers and the Minister of Finance and those who worked on preparing the budget ignored the axioms Work on preparing the financial budget for the state is based on four binding rules for those assigned to work on the budget, which are: :[/size]
[size=45]1- The rule of comprehensiveness of the budget[/size]
[size=45]2- The base of the budget unit[/size]
[size=45]3- The principle of the balance of the budget[/size]
[size=45]4- Annual base budget[/size]
[size=45]The annual budget rule, which is the most important, requires that the government prepare an annual budget for the next year and then present it The legislative authority is required to obtain its approval and approval, and this approval is always for one fiscal year only. Energy adds:[/size]
[size=45]As for the date on which the fiscal year begins, there are countries that start their annual budget on the first day Every year and ends on December 31 of the year, including Iraq, and there are countries Its fiscal year begins on the first of April and ends on the 31st of March.[/size]
[size=45]Dr. Muhammad Taqa indicates that those who approved a financial budget for three years have violated the most important binding rules Which he referred to in understanding the professional requirements of working to prepare Maronites.[/size]
[size=45]Taqah clarifies: If this breach indicates something, it indicates the extent of ignorance and disregard for such things Accurate work, if not with intentions to consolidate the means of looting in public money, then where Gentlemen, the rule of budget balance, in which public expenditures are calculated so that they are equal to public revenues, It is the ideal formula for budget work, but perhaps for exceptional emergency circumstances, a small or small deficit may occur A slight surplus, but we see wonders in the deficit that occurred in the budget for the years 2020, 2021 and 2022. The deficit was respectively 64 billion, 49 billion and 49.5 billion US dollars, and this shows that Those who prepare the budget are not specialists in this field, and all budgets have been prepared in one format .[/size]
[size=45]Professor Taqa confirms that the imbalance in the budgets referred to above occurred as a result of the change in the price of a barrel Oil, in the 2020 budget, the price per barrel was approved at 40.51 dollars, and in 2020 In 2021, the price of one barrel of oil was adopted 42, while the price of a barrel in 2023 was adopted 70 dollars, and this inflated public revenues and thus public expenditures and operating expenses from them In particular, with the neglect of capital expenditures, noting that the audit of the final accounts and all budgets were not presented to the Iraqi Council of Representatives, for approval. Dr. Muhammad Taqa believes that such practices were in order to obliterate the corruption practiced by sectarian parties and in the shadows the power of its armed militias.[/size]
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