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A member of the parliamentary finance committee rules out affecting the Iraqi economy by delaying in approving the budget


k98nights
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A member of the parliamentary finance committee rules out affecting the Iraqi economy by delaying in approving the budget

28/10/2014 10:42:00

BAGHDAD / NINA / A member of the finance parliamentary committee, Massoud Haider ruled out affecting the Iraqi economy as a result of delay in approving the federal budget for 2014 due to the presence of a large financial reserves in the central bank.

He told the National Iraqi News Agency / NINA /: "The ministerial committee formed under the chairmanship of Finance Minister, Hoshyar Zebari will assess the state's revenues and actual expenditures and estimate deficit in the 2014 budget in coordination with the Central Bank, and this committee will provide a cash balance for what have been spent during the past period, " adding that:" It is unlikely that the deficit of the budget a very large proportion to be as some might imagine. "

He added that: "We cannot hide the impact of military expenditures, which increased from scheduled at the beginning of the preparation of the budget as a result of the war being waged against terrorism in Iraq, but Iraq's possession of a large financially stockpile will prevent financial crisis." / End

http://www.ninanews.com/english/News_Details.asp?ar95_VQ=HHILGD

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