- Today, 13:57
Baghdad - IA - Wissam Al-Mulla
The Federal Office of Financial Supervision announced, on Tuesday, the completion of the audit of the final accounts for the entire 2016 budget, while noting that the Council of Ministers issued a directive obligating all government agencies to disclose their accounts.
The head of the bureau, Ammar Subhi Al-Mashhadani, told the Iraqi News Agency (INA): “The audit of the final accounts for the 2016 budget has been completed in full, and will reach the competent authorities in the Council of Ministers and Representatives,” stressing that “an agreement has been made with the Ministry of Finance to complete the audit of the final accounts for the years 2017, 2018 and 2019.” ".
He added, "The final accounts for the years after 2020 did not reach the Financial Supervision Bureau by the Ministry of Finance," stressing "the necessity of obtaining financial data from the Ministry of Finance to begin the audit process."
Regarding the disclosure of the final accounts of the officials, Al-Mashhadani confirmed that “there are entities whose data did not reach the Financial Supervision Bureau, as the issue was presented in a transparent manner before the Council of Ministers, and a directive was issued by the latter to oblige government agencies, whether self-funded or centrally, to deliver their data to the Bureau.”
He explained, "The low percentages of budget utilization for governorates and ministries are a negative indicator, which means wasting opportunities to utilize budgets properly to provide the best services to citizens."
He pointed out, “The Financial Supervision Bureau follows up on any evidence of conviction or suspicions of corruption of those who exploited public funds, and communicates them to the judiciary, the public prosecution, and the competent authorities, but the most important thing is sufficient proof.”
It is noteworthy that the Ministry of Finance announced earlier the completion of the final accounts for the budgets of the years from 2017 to 2019.
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