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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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    Member of Parliamentary Finance: There are two approaches within the committee regarding the budget

    Rocky
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    Member of Parliamentary Finance: There are two approaches within the committee regarding the budget  Empty Member of Parliamentary Finance: There are two approaches within the committee regarding the budget

    Post by Rocky Mon 15 May 2023, 5:00 am

    Member of Parliamentary Finance: There are two approaches within the committee regarding the budget and the deficit is not real

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    Economy News - Baghdad
    A member of the Parliamentary Finance Committee, Jamal Cougar, said, on Monday, that the budget deficit is planned and not real, because it is a financial plan for one year.
    Cougar explained, "There are two directions within the committee; the first is with the budget not being affected in general and going towards achieving justice and alleviating grievances between the governorates and ministries through transfers, while the second approach is with there being a reduction in incapacity and transfers," according to the official newspaper.
    Cougar believed that "the amount of the budget should remain the same and go to the option of transfers, according to the reasons he specified by saying that" all practical indicators say that oil prices this year will be between 70 and 80 dollars, and therefore our resources will remain the same, and the second indicator is that - through Our study of all previous budgets - the government's completion rate did not reach, and the government's spending did not exceed 80%, and therefore if implementation does not exceed this matter, 20% of the budget will reduce the real deficit, and originally there will be no real deficit," explaining that "the approval of the budget was long overdue. And the government will not be able to spend all the budget during the remaining period.
    And he continued, "With regard to the deficit in the next two years, this budget will be a budget for one year in terms of schedules, and as schedules, the government is mandated to provide schedules for future budgets, and the government will not have a budget in 2024 without sending schedules to it, and the same applies to the 2025 budget."
    He added, "The Finance Committee, in order to avoid the planned deficit in the budget for the coming years, will go to the option of adding two restrictions to it. The first is that this deficit is related to the 2023 budget, and the second entry is that the government must send the next year's budget schedules at the end of it, and the same applies to the 2025 budget." .
     




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