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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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    A parliamentary committee reveals the reasons for the delay in launching allocations for ministries

    Rocky
    Rocky
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    A parliamentary committee reveals the reasons for the delay in launching allocations for ministries  Empty A parliamentary committee reveals the reasons for the delay in launching allocations for ministries

    Post by Rocky Mon 16 Oct 2023, 6:57 am

    A parliamentary committee reveals the reasons for the delay in launching allocations for ministries and governorates
    • Time: 2023/10/16 12:51:40
       
    • Read: 936 times

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    {Economic: Al-Furat News} A member of the Parliamentary Oil and Gas Committee revealed the reasons for the Ministry of Finance’s delay in releasing allocations to ministries, institutions, government departments and governorates so far, despite months having passed since the approval of the tripartite budget.
    Kazem Al-Touki told Al-Furat News Agency, “Two weeks ago, the Ministers of Finance and Planning were hosted to find out the reasons behind the delay in paying the financial dues allocated in the budget and the non-payment of advances and commitments in the budget item, provided that 80% of the financial allocations continue to be paid.” To sustain projects.
    He added, "The Ministry of Finance does not give the real reasons behind non-payment of these allocations," suggesting that "the undeclared reasons are the lack of financial liquidity or crossing the largest possible period of time to avoid the financial deficit."
    It is noteworthy that, after five months have passed since the adoption of the federal general budget law, it has not been implemented yet, for reasons that specialists attributed to the delay that occurred in enacting the law and then in issuing implementation instructions, while others attributed it to the fear that its funds would be exploited in the scheduled local elections. On December 18th. 
    For the first time in its history, Iraq approved a three-year financial budget in a single draft law, which Parliament voted on last June. The government defended the step by saying that it aims to develop plans for important projects in the country, in addition to avoiding the problem of delaying the approval of financial budgets every year for several months.
    The budget for the current year and the next two years, according to the budget law, amounted to 153 billion dollars, with an expected deficit of up to 48 billion dollars, and the oil price was approved at 70 dollars per barrel, as Iraqi oil exports constitute more than 96% of Iraq’s financial imports.
    After several months have passed since its approval date, the tripartite budget allocations have not been launched on the ground yet, which has opened the door to speculation and questions about the reasons behind the delay in implementing its provisions.

    Raghad Dahham
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