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Economic laws to secure new revenue for the state treasury
23/10/2016 0:00
[rtl]BAGHDAD / Farah pumice
seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the
country.
According to the Chairman of the Committee MP Ahmad al- Kanani, the Committee discussed at its last meeting, the drafts (draft census law for the purpose of submission to read second, the enterprise Agency Regulatory Act for the purpose of lifting the first reading a draft Iraqi Commission Act to adopt in order to submit it for the second reading, the draft second amendment to the Law of the Federation of Chambers ofCommerce Law No. (43) for the year 1989 for the purpose of submission to a vote).
"The Committee in order to expedite the enactment of laws economic and investment character addressed the relevant authorities in the government for the purpose ofspeeding up the completion of economic laws items and submit them to the House ofRepresentatives in order to acknowledge the shortest possible time. "
Kanani said that" most economic laws, which allocates the Commission is very important legislation as they relate to the country 's economy and the development of fact ,investment and insurance new sources of income to the state treasury, as well as aproject of Statistics Act , which delayed legislation period we see a very long and it is time to approval being will provide all the data upon which the government in theconduct of its affairs, preparation of future plans. "
in the meantime, the House of Representatives is moving to approve Administrative Law Finance , which regulates financial matters
of the state.
chairman of the parliamentary finance committee Mohammed Halbusi pointed out that " the law came for the purpose of organizing rules and procedures that financial and accounting management control in the field of planning and preparation, implementation, control and audit of the general budget of the Federal and directing all federal revenues to the public treasury to cover the spending
year." the
law also works to "identify and units of internal control link from the administrative and technical standpoints and the development of mechanisms for the implementation ofbudgets and the commitment of both an executor and determine the responsibility of the Ministry of Finance in the implementation phase as well as setting specific dates for thesubmission of trial balances and closing accounts and commitment to the principles of the budget (budget transparency and comprehensiveness of the budget and the unity of the budget the annual budget and the lack of customization) when creating and implementing the federal budget and related matters to ensure the achievement ofmacroeconomic stability , financial stability and strengthen the budgetary resources and improve the efficiency and effectiveness of spending and ensure that cash management to optimize and improve the quality of the budget information provided to the House ofRepresentatives
and the citizens. "[/rtl]
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