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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: We are keen to reduce budget expenditures, and we will host Al-Sudani soon

    Rocky
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    Parliamentary Finance: We are keen to reduce budget expenditures, and we will host Al-Sudani soon Empty Parliamentary Finance: We are keen to reduce budget expenditures, and we will host Al-Sudani soon

    Post by Rocky Tue 11 Apr 2023, 5:25 am

    Parliamentary Finance: We are keen to reduce budget expenditures, and we will host Al-Sudani soon

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    Economy News - Baghdad
    A member of the Parliamentary Finance Committee, Hussein Moanes, said, on Tuesday, that the Finance Committee and the House of Representatives are keen to come up with “the best budget passed over the past years, despite the challenges.”
    In an interview with the official Al-Sabah newspaper, Moanes added that "there is seriousness on the part of the committee members in proceeding with the budget without returning it to the government," noting that "discussions took place in the committee regarding the budget paragraphs to prepare a detailed report and introduce proposals and discussions in order to complete and mature all opinions." .
    He pointed out that "there is a major challenge represented in reducing expenditures and increasing revenues in this year's budget, given the high percentage of deficits that intersect with the Financial Management Law," noting "the committee's keenness to reduce expenditures, given that there is a problem during the coming years in the event of passing the budget." Such a huge deficit.
    Moanes went on to say, "There is a complete absence of real plans to know the volume of revenues annually, and the committee is always working on estimating the monetary quantities that arrive from those revenues, which appear to have decreased to a level less than half."
    He continued, "The state has given a lot of exemptions recently and the effects of changing the exchange rate, in addition to the fluctuation of oil prices in the global market, especially after fixing it to $70 in the budget, which prompts us to hedge on the issue of figures on the level of revenues, and there is also the oil agreement." Between the region and the center, which is still unclear until now, and what is the role of (SOMO) in that, and will the account in which the revenues of the region be placed be monitored?
    Moanes stressed, "The committee is keen to reduce spending because it cannot go towards the operational budget, although all the revenues that enhance the budget go to the operational side, while the country needs a qualitative renaissance as it emerged from wars and the (Corona) epidemic, in addition to the biggest challenge represented by projects Removing traffic jams.” And he pointed out to “the committee’s keenness to pass the budget as soon as possible, knowing that it is related to the interests of citizens and the state, the drawn plans and the ministries’ work methodology.”
    A member of the Finance Committee ruled out the reported intentions to raise the prices of oil derivatives, "as it is a matter for producing companies only," pointing to the addition of "a paragraph to pay the differences of the popular crowd, national security and examiners in the Ministry of Defense."
    Moanes confirmed that he would soon host Prime Minister Muhammad Shia'a al-Sudani and executive officials to "answer the committee's questions regarding the budget," considering it "a positive point and a complementary issue between the legislative and executive authorities to make the government program a success."

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