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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Finance issues a clarification about extinguishing government advances

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278278
    Join date : 2012-12-21
    • Post n°1

    Finance issues a clarification about extinguishing government advances Empty Finance issues a clarification about extinguishing government advances

    Post by Rocky Sat 24 Jun 2023, 5:02 am

    [rtl]Finance issues a clarification about extinguishing government advances[/rtl]

    economy  ,  06/24/2023 11:07  , Number of readings: 156 
    [You must be registered and logged in to see this image.]


    [rtl]Baghdad-Iraq today:[/rtl]



    [rtl]The Ministry of Finance issued a clarification regarding the issue of extinguishing government advances granted during previous years.

    The ministry said in a statement, "Based on the principle of transparency that the Ministry of Finance is accustomed to in dealing with issues of financial and economic concern, and in an effort to clarify the facts and clarify issues for public opinion, including those related to the issue of extinguishing government advances granted during previous years.”

     The statement added, "In this regard, the ministry would like to clarify what is reported in the media circles of conversations and statements by some personalities about the issue of extinguishing advances, especially what is related to Article 15 of the budget law, which has already been included in the years since 2017 and the relevant decisions of the Council of Ministers in urging Spending units to deal with the suspended advances in their records, in coordination with the Ministry of Finance and the Supreme Board of Audit, through a mechanism mentioned in Article 15 and so far, which is concerned with addressing the issue of advances of all kinds,As these advances are recorded in the records of spending units for not completing the conditions for their settlement and converting them into final expenses because they are accumulated from the year 2007, and this was confirmed by the Bureau of Financial Supervision in all its reports issued in This regard, and this account has been accumulated since 2007 and because the spending units did not settle these advances, noting that Article 15 referred to the entry settlement procedure without actual disbursement operations and that the amortization mechanism is carried out through an audit of those advances by DiwanThe federal financial control of those advances, after the spending units submit the settlement reinforcements to the Audit Bureau, and after obtaining the approval of the Financial Supervision Bureau on the settlement,These units submit them to the Ministry of Finance to establish the entry settlement (treatment) and allocate for settlement without cash disbursement.

    And the statement continued, “While the article stipulates that the spending units, after auditing the Financial Supervision Bureau, send the total of the advances shown to them, noting that the Ministry of Finance deals with government spending units at the level of government formation, not individuals or personalities, and the Ministry of Finance does not have any relationship with individuals and public figures to fund them from the budget.” General, and then send it to the Office of Financial Supervision with all the reinforcements that support the settlement of those advances, after that the spending units address the Ministry of Finance to obtain the Office of Financial Supervision on the settlement so that an allocation is made according to the authority of the Minister of Finance in accordance with Article 15 without cash disbursement.

     The statement concluded, "As for the availability of priorities on the subject, the report of the Office of Financial Supervision did not indicate the loss of priorities, but when referring to the report of the final accounts of the Republic of Iraq for the years 2014 and 2015, we will find there a statement showing the size of the amounts for advances at the annual level for each year and that this information has already been provided by the Ministry of Finance based on the audit balances of the spending units of the Office of Financial Supervision based on the information provided to the Ministry of Finance in the final account of the Republic of Iraq, and in the event of any shortage, the Ministry is ready to send the details of those advances.[/rtl]
    [rtl][You must be registered and logged in to see this link.]
    [/rtl]
    • Back to top
      Current date/time is Sun 29 Sep 2024, 9:31 pm