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Experts: we need to budgets of programs and plans for economic development
29/04/2013 12:53 AM
During a seminar discussed ways to prepare
BAGHDAD - Hussein ثغب of Tamimi
Repeat a number of economists and those interested to call for the adoption of the budget programs, plans and quit the budgets of items in order to follow up and monitor the implementation of programs. Came during a seminar organized by the Iraqi Institute for Economic Reform and which carried the title of a review of the general budget with a select group of experts and specialists included reading transparent to the results of the state budget for the year 2012 through the questions put forward by financial expert and assistant secretary-general of the Council of Ministers for Financial Affairs Obaid shop and compare the results of the public budget for the year 2013.
Obeid offered his analytical way sockets on Almoisntin pointing to legal errors contained in the budget year 2013 due to the amendments made by the House of Representatives on some of its clauses and paragraphs.
Total budget allocations
He revealed slaves for the total public budget allocations actual for this year, which amounts to 153 trillion dinars and not 138 trillion dinars, as stated in the General Budget Law and attributed the slaves of this difference in the numbers that sums recycling for the past years did not appear in the budget, amounting to 15 trillion dinars promised this difference Palmrbak as a result of the variation that will appear when distributed to the sectors and varies depending on the index as well as the deficit will be even more so we said in the context of our conversation that there are legal errors affect the goals and plans.
Turning to the reasons behind the decline rates of implementation of budgets, which led to a lack of benefit from the allocations of such a budget big Atdhahiaa other countries, which summed up the loss of talent executive and the weakness of the administrative and accounting, as well as the adoption of the predecessor standard for implementation while must specify the percentage of completion actual away from the advances and this matter needs to review and study where you go most of the ministries and provinces to calculate rates of implementation with the advances.
Selecting administrative leaders
He pointed Deputy Secretary General of the Council of Ministers to the need to adopt scientific skills and competencies in the selection of administrative leaders to be accurate in the implementation of plans and government programs.
Obaid stressed that the specialized committees had embarked on reforms work on ways to prepare budgets, pointing out that the way they prepare the budget in Iraq has left it most of the countries of the world.
He called on participants at the workshop to submit their proposals on targeting methods of preparing budgets for it has become an urgent need for the advancement of the Iraqi economy and development required to achieve this advancement.
And called for the need to enrich the discussion of the budget by the owners of jurisdiction as well as the contribution of the citizen also to discuss the needs of the real with the officials in the provinces and ministries in order to clear planning and budget and then programs the ability to monitor and follow up the implementation.
The Undersecretary of the Ministry of Agriculture of the Financial and Administrative Affairs Ghazi al-Obeidi has presided over the seminar and discussed in the opening speech to the actual need for reforms, administrative, financial and economic as connected where you can not achieve goals unless it has ascertained reforms three Bbkj one or one package.
He pointed out that the Financial Administration Act No. 95 of 2004 came against the backdrop of the adoption of Bremer to see treasurers during his meeting with them to discuss such a law is important and neglected the competent authority concerned and of accountants so gaps appeared in this law ..
Oil revenues
Appearance of Dr. Mohammed Saleh had a broad participation and said: When revenues were Almordatabiei extracted and the source (oil), representing not less than 93 percent of the revenue of the general budget in Iraq, these revenues touched closely Balsafh rentier, which means that oil revenues will fluctuate because of the circumstances and external factors International of the oil market and not for the production and productivity of a role in determining the value of production.
He pointed out that about this form of revenue mortgaged external demand variability and its impact on the GDP of the country, must be the stability of budget revenues and expenditures, and is subject to a specific pattern of risk management patterns. There two options Matarouhan the front of policy makers in the administration of financial oil and يوصفان resources within the nature and work of the Risk Management and represent a form of bumper financial fiscal buffer diluted or financial shock to face the vagaries of the oil markets. He said the first option, is a contract with buyers in predefined quantities at discounted prices adhered to by the parties, the beneficiaries whatever the volatility in the oil market prices. The second option, is to develop virtual discounted prices as a hedge for the purposes of the preparation of the budget less income and higher expenses by the events planner deficit, where the leaves finance the deficit of the positive developments fluctuations in oil prices, the promise of an alternative to the budget stabilization fund, stabilizing fund. Because of unilateral severe for the economy and its impact on unilateral flow of budget resources and public exposure revenues to the high intensity of the reservation and caution in the management of the risk of the general budget, so he took the issue of building or installation of balancing two different form on the performance of the general budget: first, conversion surpluses achieved by reducing prices oil for the purposes of the budget gap away from the market price and the actual sales of Iraqi oil to the budget for the next financial year. Favor of counting the funding synthesis in the interest of the growth of the annual budget of the subsequent expansion, and so continue the case a year in succession and the second: get a disturbing trend preferably cover fixed expenditures in the budget, which represents the general operating budget at the expense of developing a large part of the investment budget to potential deficit and the volatility of the oil market and counted variable expenses.
The nature of the budget preparation
He certainly in the case of a deficit actual result of lower oil revenues will take current expenditures for salaries and wages preference first at the expense of services expenses roads, bridges and others that will take turn preference II. Based on the problematic of these restrictions imposed by the resource rents on the good performance of projects and activities related الاولويةالاقتصاديةوالاجتماعية in the budget to achieve goals of economic development and stability, has begun a broad debate about the nature of the budget preparation of the budget items easy to implement weak to balance the efficiency and performance of programs makes it easier to monitor the efficiency of the public budget with the availability of two other alternatives zero budget and contractual budget. He stressed that it patterns still works out in Western countries in general. Vallavt to consider that risk management budget in the countries of the world with diversified economies of production and which sources budgets of revenues derived from taxes primarily foundation and others, they depend so-called بالمثبت dynamic automatic stabilizer in the risk management budgets public. It is an expression of that government revenues or expenses that are expanding and shrinking is to compensate for the case of a recovery or decline macroeconomic words are explained in paragraphs government budget that makes government spending takes to rise or make taxes go down due to falling GDP. This style comes in the design budgets in highly diverse economies to avoid constitutional sclerosis readjust the enactment of the budget when you get fluctuations in GDP or national income of the country. It is a very important issue which cuts taxes for the unemployed and increase spending to support the unemployed without the intervention of legislative difficult to implement during the fiscal year, generating the so-called slow domestic fiscal policy inside lag deepen the economic problem or keep pace with the so-called cycle of economic pro cycle means that the installer dynamic is to cope with the economic cycle or anti cycle.
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29/04/2013 12:53 AM
During a seminar discussed ways to prepare
BAGHDAD - Hussein ثغب of Tamimi
Repeat a number of economists and those interested to call for the adoption of the budget programs, plans and quit the budgets of items in order to follow up and monitor the implementation of programs. Came during a seminar organized by the Iraqi Institute for Economic Reform and which carried the title of a review of the general budget with a select group of experts and specialists included reading transparent to the results of the state budget for the year 2012 through the questions put forward by financial expert and assistant secretary-general of the Council of Ministers for Financial Affairs Obaid shop and compare the results of the public budget for the year 2013.
Obeid offered his analytical way sockets on Almoisntin pointing to legal errors contained in the budget year 2013 due to the amendments made by the House of Representatives on some of its clauses and paragraphs.
Total budget allocations
He revealed slaves for the total public budget allocations actual for this year, which amounts to 153 trillion dinars and not 138 trillion dinars, as stated in the General Budget Law and attributed the slaves of this difference in the numbers that sums recycling for the past years did not appear in the budget, amounting to 15 trillion dinars promised this difference Palmrbak as a result of the variation that will appear when distributed to the sectors and varies depending on the index as well as the deficit will be even more so we said in the context of our conversation that there are legal errors affect the goals and plans.
Turning to the reasons behind the decline rates of implementation of budgets, which led to a lack of benefit from the allocations of such a budget big Atdhahiaa other countries, which summed up the loss of talent executive and the weakness of the administrative and accounting, as well as the adoption of the predecessor standard for implementation while must specify the percentage of completion actual away from the advances and this matter needs to review and study where you go most of the ministries and provinces to calculate rates of implementation with the advances.
Selecting administrative leaders
He pointed Deputy Secretary General of the Council of Ministers to the need to adopt scientific skills and competencies in the selection of administrative leaders to be accurate in the implementation of plans and government programs.
Obaid stressed that the specialized committees had embarked on reforms work on ways to prepare budgets, pointing out that the way they prepare the budget in Iraq has left it most of the countries of the world.
He called on participants at the workshop to submit their proposals on targeting methods of preparing budgets for it has become an urgent need for the advancement of the Iraqi economy and development required to achieve this advancement.
And called for the need to enrich the discussion of the budget by the owners of jurisdiction as well as the contribution of the citizen also to discuss the needs of the real with the officials in the provinces and ministries in order to clear planning and budget and then programs the ability to monitor and follow up the implementation.
The Undersecretary of the Ministry of Agriculture of the Financial and Administrative Affairs Ghazi al-Obeidi has presided over the seminar and discussed in the opening speech to the actual need for reforms, administrative, financial and economic as connected where you can not achieve goals unless it has ascertained reforms three Bbkj one or one package.
He pointed out that the Financial Administration Act No. 95 of 2004 came against the backdrop of the adoption of Bremer to see treasurers during his meeting with them to discuss such a law is important and neglected the competent authority concerned and of accountants so gaps appeared in this law ..
Oil revenues
Appearance of Dr. Mohammed Saleh had a broad participation and said: When revenues were Almordatabiei extracted and the source (oil), representing not less than 93 percent of the revenue of the general budget in Iraq, these revenues touched closely Balsafh rentier, which means that oil revenues will fluctuate because of the circumstances and external factors International of the oil market and not for the production and productivity of a role in determining the value of production.
He pointed out that about this form of revenue mortgaged external demand variability and its impact on the GDP of the country, must be the stability of budget revenues and expenditures, and is subject to a specific pattern of risk management patterns. There two options Matarouhan the front of policy makers in the administration of financial oil and يوصفان resources within the nature and work of the Risk Management and represent a form of bumper financial fiscal buffer diluted or financial shock to face the vagaries of the oil markets. He said the first option, is a contract with buyers in predefined quantities at discounted prices adhered to by the parties, the beneficiaries whatever the volatility in the oil market prices. The second option, is to develop virtual discounted prices as a hedge for the purposes of the preparation of the budget less income and higher expenses by the events planner deficit, where the leaves finance the deficit of the positive developments fluctuations in oil prices, the promise of an alternative to the budget stabilization fund, stabilizing fund. Because of unilateral severe for the economy and its impact on unilateral flow of budget resources and public exposure revenues to the high intensity of the reservation and caution in the management of the risk of the general budget, so he took the issue of building or installation of balancing two different form on the performance of the general budget: first, conversion surpluses achieved by reducing prices oil for the purposes of the budget gap away from the market price and the actual sales of Iraqi oil to the budget for the next financial year. Favor of counting the funding synthesis in the interest of the growth of the annual budget of the subsequent expansion, and so continue the case a year in succession and the second: get a disturbing trend preferably cover fixed expenditures in the budget, which represents the general operating budget at the expense of developing a large part of the investment budget to potential deficit and the volatility of the oil market and counted variable expenses.
The nature of the budget preparation
He certainly in the case of a deficit actual result of lower oil revenues will take current expenditures for salaries and wages preference first at the expense of services expenses roads, bridges and others that will take turn preference II. Based on the problematic of these restrictions imposed by the resource rents on the good performance of projects and activities related الاولويةالاقتصاديةوالاجتماعية in the budget to achieve goals of economic development and stability, has begun a broad debate about the nature of the budget preparation of the budget items easy to implement weak to balance the efficiency and performance of programs makes it easier to monitor the efficiency of the public budget with the availability of two other alternatives zero budget and contractual budget. He stressed that it patterns still works out in Western countries in general. Vallavt to consider that risk management budget in the countries of the world with diversified economies of production and which sources budgets of revenues derived from taxes primarily foundation and others, they depend so-called بالمثبت dynamic automatic stabilizer in the risk management budgets public. It is an expression of that government revenues or expenses that are expanding and shrinking is to compensate for the case of a recovery or decline macroeconomic words are explained in paragraphs government budget that makes government spending takes to rise or make taxes go down due to falling GDP. This style comes in the design budgets in highly diverse economies to avoid constitutional sclerosis readjust the enactment of the budget when you get fluctuations in GDP or national income of the country. It is a very important issue which cuts taxes for the unemployed and increase spending to support the unemployed without the intervention of legislative difficult to implement during the fiscal year, generating the so-called slow domestic fiscal policy inside lag deepen the economic problem or keep pace with the so-called cycle of economic pro cycle means that the installer dynamic is to cope with the economic cycle or anti cycle.
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