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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

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


    The Central Bank explains the “fiscal control” mechanism contained in the budget

    Rocky
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    • Post n°1

    The Central Bank explains the “fiscal control” mechanism contained in the budget Empty The Central Bank explains the “fiscal control” mechanism contained in the budget

    Post by Rocky Tue 04 Jun 2024, 6:42 am

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    [size=52]The Central Bank explains the “fiscal control” mechanism contained in the budget[/size]
    • Today 13:35




    Information / Baghdad..
    On Tuesday, member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, clarified the term financial control contained in the federal budget, as many officials misquoted it during their press statements, which may lead to unintended errors.
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    Berihi told Al-Maalouma, “The general concept of the term financial control mentioned in the federal budget among public finance specialists is the attempt of the government and the executive authorities to adhere to balance in order to exceed the deficit rate in future budgets and not reduce it to the deficit in the current budget.”
    He stated, “Many officials misuse the term in their press statements, which may lead to unintended errors.”
    He pointed out, "The government must benefit from the increase in annual revenues, whether oil or other, as well as develop productive projects to enhance the treasury's financial resources to achieve the term."
    He continued, "Achieving financial control requires serious monitoring of costs on a permanent basis and follow-up by the regulatory authorities represented by the Financial Control and Integrity Department and the House of Representatives regarding determining project costs." Ended / 25 AD
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