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Sari: Ministry of Finance recommended against the enactment of the budget for the current year
10/22/2014
A member of the Parliamentary Finance Committee MP Faleh applicable to the Ministry of Finance predicted a financial crisis in the next two years and proposed to the Council of Ministers to proceed regardless dues necessary and essential only in the current year budget. He sari in a press statement seen by Agency for News News (et) that among the recommendations of the Ministry of Finance provided by the government to discuss the Code of Federal budget recommendation not to the enactment of the budget for the remainder of the year 2014 and to proceed regardless dues necessary and only basic regarding my armament and compensation displaced people and providing advance for $ 4 billion dollars to the Kurdistan region. And said in effect that the recommendations of the Ministry of Finance provides for the transfer of reconstruction projects and investment and petrodollars to balance in 2015, indicating that the current year budget that can not be replicated or renew the wording in the budgets of the next two years because the estimates become effective now as there has been a decline in oil prices, noting that the Ministry of Finance intends to prepare a formula balancing For the people and by being stating the existence of a financial crisis during the next two years. He urged the government to search for funding sources other than oil to ensure the sustainability of the financial allocations as is the case in all countries of the world, demanding enactment of laws that contribute effectively to the achievement of additional revenue for the purpose of oil is to be the coming years with the quality of the laws supporting the economy and the Treasury.
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10/22/2014
A member of the Parliamentary Finance Committee MP Faleh applicable to the Ministry of Finance predicted a financial crisis in the next two years and proposed to the Council of Ministers to proceed regardless dues necessary and essential only in the current year budget. He sari in a press statement seen by Agency for News News (et) that among the recommendations of the Ministry of Finance provided by the government to discuss the Code of Federal budget recommendation not to the enactment of the budget for the remainder of the year 2014 and to proceed regardless dues necessary and only basic regarding my armament and compensation displaced people and providing advance for $ 4 billion dollars to the Kurdistan region. And said in effect that the recommendations of the Ministry of Finance provides for the transfer of reconstruction projects and investment and petrodollars to balance in 2015, indicating that the current year budget that can not be replicated or renew the wording in the budgets of the next two years because the estimates become effective now as there has been a decline in oil prices, noting that the Ministry of Finance intends to prepare a formula balancing For the people and by being stating the existence of a financial crisis during the next two years. He urged the government to search for funding sources other than oil to ensure the sustainability of the financial allocations as is the case in all countries of the world, demanding enactment of laws that contribute effectively to the achievement of additional revenue for the purpose of oil is to be the coming years with the quality of the laws supporting the economy and the Treasury.
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