Parliamentary committee: not in the State Fund only three billion dollars

Parliamentary committee: not in the State Fund only three billion dollars

BAGHDAD / Mohammad Sabah 

He said members of the parliamentary finance committee that the government admitted to them that the fund, which kept the oil revenue is not where currently only three billion dollars, while the Council of Ministers says he has a six billion dollars last month.
Usually found in the Development Fund for Iraq "EDF Aye" about 10 billion dollars to ensure salary payments and government expenditures, and critics say the government's policies that it took advantage of the absence of law for the budget and involved spending more than the normal limit, amid ambiguity about the expenses of war and emergency conditions, and warnings of bankruptcy Fund returns and the state's inability to meet financial obligations.
Deputies said they had asked specialists from the Government of Haider Abadi documentation describes the revenues and expenses to make sure of seemingly contradictory information about the amounts of the Fund.
For her part, the interim head of the Finance Committee in Parliament, Magda al-Tamimi, the Minister of Finance Agency Mohammed Xiaa Sudanese told her to send the revised budget and to answer the questions of the Committee during the current week. "
The Chairman of the Finance Committee in the House of Representatives interim Magda al-Tamimi, said the government did not answer until now on the books that had been before our committee on re-draft of the federal budget and amendments to the House of Representatives in preparation for a vote. "
She said, "part of what we asked him to provide the financial statements of the public budget for a period of eight months, both investment and operational as well as the proportion of spending, as well as the amounts conjecture for the remaining of the fiscal year."
It pointed out that "the Commission interim financial sent books to the Central Bank in order to know the amounts fund the dfi as well as to the Ministry of Oil to get to know the amount of oil exported with the sale price of a barrel of crude oil for eight months with the Evaluator of oil for the coming months." And about the possibility of the adoption of the federal budget for 2014 showed MP for the Liberal bloc that Finance Minister Mohammed agency Xiaa Sudan pledged to answer all the books of the Finance Committee this week, including the revised budget. "
She stressed that "in the event of the arrival of the draft general budget we will post them directly to Parliament for the first reading," noting that more "adjustments made to the budget included a file and reinforcing the popular crowd and displaced persons."
She said, "The defense and interior ministries and the displaced them up most of the budget in 2014 and noticed stop new investment projects and the launch of the ongoing funding, which led to only change the shape of the operating budget and the investment side."
She explained that the "Minister of Finance and agency purity of the net as much as the exchange rate or the expenditure side of the operational and investment to the end of the current year B110 trillion dinars," noting that "the Finance Committee awaiting the arrival of data from the Ministry of Finance to see expenditures formal and precise."
For its part, explained MP for the Kurdistan Alliance and the interim financial Najiba Najib that the negotiations between the governments of Kurdistan and the federal budget was about to resume. "
Najib said in a statement the "term" that "the Kurdistan Alliance demanded the prime minister not to link the budget problems the oil with the abolition of punitive conditions contained in the budget."
She said "There is continuity between the currently negotiating delegation and the Kurdish prime minister about modifying the federal budget," noting that the negotiations concentrated on the points of contention about the oil and gas that helps to pass the budget. "
As regards to the money deposited in the fund dfi Najib she stated, "We asked the Ministry of Finance to provide us with data on the amount of money to this fund as well as the cash balance and cash in the central bank and government banks."
It pointed out that "the Minister of Finance and agency purity Net said in August that there are six billion dollars in the fund, and then returned during hosted in the House of Representatives recently mentioned that the remaining balance in the fund is (3) billions of dollars" in contradiction up to half.
She noted that "according to the minister said that the net where the state treasury only $ 3 billion," noting that "the Finance Committee and the interim because of inconsistencies in the numbers and the amounts mentioned by the minister Net requested the Ministry of Finance to provide us with details of the amounts of this fund."
She said the fund amounts dfi at the beginning of 2013 was 10 billion dollars in oil revenues and ongoing filing in the Fund.
Experts fear that covet the government to borrow from the cash reserve at the central bank, estimated at up to 60 billion dollars, warning that it has many consequences, including the collapse of the exchange rate of the local currency.


[You must be registered and logged in to see this link.]...hm9Wp-afOSD-x7g