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Give the government broad powers financial
3/10/2016 0:00
[rtl]Morning published the second part of theAdministration Act
BAGHDAD - morning
granting Financial Management Act , which wasread the first reading in the House ofRepresentatives the week before last, financial broad powers to the Council of Ministers.
Indicates the law that got «morning» a copy of it, that he «and when to declare a state ofemergency put the House of Representatives a bill to increase spending ».
He said the law that« the cabinet that uses a contingency reserve allocations to cover unexpected emergency urgent expenses incurred after the issuance of the federal budget law and approved by the Council of Ministers on the recommendation of the Prime Minister or the Minister of Finance ».
In what following is the text of the second part of the law:
Chapter III / budgets of self - funded departments
Article 14 first a on every public administration body and the Directorate of self - funded to prepare its budget proposed after its director and the appropriate minister authentication include revenue and ongoing interest and dividends, losses and expenses of the investment and cash, loans, grants and expenditures transfers and potential profits and benefits and losses, especially guarantees and the balance sheet and send it to the Ministry of Finance in a maximum period of (15) in September of each year for review, standardization and validation.
to provide the Ministry of Finance detailed report with total budgets of departments, agencies and departments to the Committee on economic Affairs in the cabinet during the month of October the first of each year.
c _ takes into account the Finance Minister independence of the operations carried out by public administrations.
Second , do not enter the budget - funded departments self in the federal government 'sbudget also does not intervene in the budget of any other governmental entity with theexception of investment projects funded centrally.
Thirdly a progress funded departments self in the fifteenth of September the month ofspeculation about the total loans and soft loans short term in order to raise to the next financial year for approval by the Minister of Finance.
b raise departments self - funded monthly report to the Minister of Finance on the total amount of loans and short - term loans during the last ten days of the end each month.
c are the guarantees provided by the Federal government on the funded departments ofloans self accordance with the law and appear in the final accounts of the state.
Fourthly a self - funded departments submit monthly accounts during the last ten days of the end of each month to the competent ministry should render accounts of the semi -annual to Federal Minister of Finance submitted no later than the fifteenth of July.
b all departments self - funded to provide the final audited accounts to the Federal Minister of Finance submitted no later than 31 May of the year following the fiscal year ended include the final accounts and the balance sheet and profit and loss and cash flow data cover final accounts including bills accounting, revenue, expenses, assets and advances and entitlements, especially loans, commitments and contingent receivables.
c prepare the final accounts in accordance with the rules of domestic and international accounting and regulatory standards and monitoring of the Federal Office of financial supervision.
V a of the concerned minister or the head of the body is linked to the Ministry of thenecessary amendments to budget - funded departments self proposal from the board ofdirectors or general manager in the absence of the board of Directors that these modifications lead to an increase in productivity and improve the financial and economic center of the end of the fiscal year.
b inform the Ministry of Finance of these amendments in the case of adoption by thecompetent minister or head of organization is not related to the Ministry with theexception of modifications that occur on the self - funded departments that receive agrant from the public treasury of the state account requires obtaining the approval of the Federal Minister of Finance on them.
Sixth apply the provisions of items (i) and (ii) and (iii) and (iv) and (v ) of this article on the governorates not organized province as far as local resources after approval from thegovernor and the endorsement of the provincial Council and Minister of Finance of theFederal them.
Chapter IV / implementation of the budget
article 15 first implements the federal budget through the funding of payments and at thediscretion of the Ministry of Finance of the Treasury account Consolidated general based on the allocations established in the federal budget law and according to the mechanism specified by the Ministry of Finance.
Secondly , at the end of the month of February of each year raises each unit spending to the Finance Ministry renewed balance in cash every three months showing its need for funds required to be provided to enable the Ministry of Finance provided to cover requirements current and investment expenditures of the departments.
Thirdly Minister of Finance to determine the limits spending in light of the funds available.
Article 16 First , no ministry or may be a circle or a formation that exceed expenditures allocations earmarked in the general budget of the Federal Act on any aspect of theexchange and for any reason.
Second neither government formations entry commitments lead to overtaking on theallocations earmarked in the federal budget law may be.
Article 17 may not be a first entry commitment only after ensuring the availability offinancial allocation required.
b committed circle reimbursement the timing, nor may be postponed until the following year.
Secondly , should get spending unit on the approval of the Ministry of Finance before entering into a multi - year commitment, requires funds from the Federal budget future financial year disbursed.
Third , the ministry of finance is the only body authorized to approve the launch of cash for current expenses and capital spending units.
Article 18 First a used advances account in case of non - availability of fundamentalism documents to accept the exchange Anja.
b may not be used advances account to spend on any purpose the necessary customization is not available in the budget to cover the case of exchange.
Secondly must settlement of advances (prepayments) carried out by the unit spending in a given financial year , during the fiscal year itself, otherwise the settlement of such payments require the allocation of the budget of the following year.
Article 19 First , the Ministry of Finance to express an opinion on legislation projects involving financial judgments.
Secondly , in the case of a law under which the consequent disbursement of the budget should be implemented as of next year in order to put him too much customization.
Article 20 first does not make any disbursement unless the dismissal is issued by thesupreme head or the head unit is based spending or his nominee.
Second , when exceeding the actual revenue estimates in the federal budget for fiscal year, is providing the surplus to be used in the following years to serve future generations.
Third , the Council of Ministers at the declaration of a state of emergency to be put to parliament a draft law to increase spending.
Article 21 First the Council of Ministers that the contingency reserve allocations used to cover unexpected emergency urgent expenses incurred after the issuance of the federal budget law and approved by the Council of Ministers on the recommendation of thePrime Minister or the Minister of Finance.
Secondly , the Minister of Finance to submit a quarterly report to the Council ofMinisters and the House of Representatives about the use of the contingency reserve allocations .
Article 22 , a first. Modules are used to spending allocations from 1 January until 31 December of the fiscal year.
Revenue restrict departments centrally funded received up to (31) of the month ofDecember of the fiscal year , a final revenue of the public treasury of the state the same year. To calculate
c. Revenue credited departments centrally funded that is taking possession of it after theend of the fiscal year , revenue of the fiscal year , which was caught in
it.
Secondly , the Minister of Finance to exclude from the provisions of paragraph (c) of clause (i) of this Article revenues owed no arrests during the financial year charged therein to be credited in the source account after registering owed by the debtor or revenues due and unreceived in the situations described in the account below:
a treasury share of public - sector profits.
b oil revenue is received for sales during the year.
a real estate sale revenues.
d any other revenue see the minister importance of inclusiveness this provision.
Thirdly restrict the amounts obtained the actually during the financial year in the accounts of that year, the failing that is added the settlement in the accounts within the period of the final accounts , taking into account the provisions of clause (ii) of this Article.
Fourth interference revenue departments centrally funded from various sources into thegeneral budget may not deduct any part of it for any purpose , nor shall allocate any amount only through the budget and to draw clear and specific exchange.
Article 23 shall not be approved allocations exchange in the federal budget in the fiscal year allocated to it and fall the end of that year allocations that have not acted in whole or in part during the allocated financial year.
Article 24 First restrict expense amounts that ought to have been exchanged for services or works have been completed in the fiscal year have not been paid during that year substantial reasons determined by the Committee on economic Affairs is the causes ofdepletion allocations in that year accounts that actually deserved their exchange.[/rtl]
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