Parliament warns of government borrowing from the Central Bank reserves to bridge the budget deficit

[BondLady]

Parliament warns of government borrowing from the Central Bank reserves to bridge the budget deficit

Date: Monday 26-09-11 12: 09 pm

Baghdad (newsletter).Member of Finance Committee warned and Parliamentary Deputy/Iraqi/coalition Ahmed got, government borrowing from the Central Bank reserves to pay budget deficit (2012) being regarded as a cover for Iraqi currency, likely that balancing (2012) will reach more than 1 trillion dinars (112).

And he got told reporter (News Agency news) Monday: Government cannot be manipulated or borrow from the Central Bank reserves to bridge the budget deficit (2012) the fact that these amounts are cover for existing Iraqi currency, indicating that the Central Bank is an independent body and not linked to the Government, it cannot be anybody to interfere in its affairs or tampering with score.

Maybe got that balance the year (2012) is too large and up to (112) trillion dinars.

He added that the budget remains in the custody of the Cabinet's Economic Committee, saying it would reach Parliament in the coming days, he got that next week will discuss the budget in Parliament.

He is a member of the parliamentary Finance Committee that the Ministry of planning a five-year plan includes an annual allocations of all institutions of State ministries and give a portion of each year to meet the requirements of ministries and governorates which seeks to increase its annual budget./finished/8 l. Eng. ..

http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.ikhnews.com%2Fnews.php%3Faction%3Dview%26id%3D21115 ************************ (this was a article from my yesterdays chat which confirms basically what i said yesterday...BL)*********

[bondLady] Najafi: central to maintaining the democratic system of decision-making Aldstorla Sunday, September 25 / September 2011 11:32 Hits: 72 User Rating: / 0 Poorجيد Twilight News / student President of the Council of Representatives, Sunday, all parties relying on the text of the Constitution, not on reading different, stressing the independence of the independent bodies "description and actually, while stressing that the House of Representatives is pushing ahead with the legislation of laws to those bodies to overcome the obstacles they face. The head of the House of Representatives Osama Najafi, in a speech during his attendance at the independent bodies and attended by " Twilight News "," The central system of democratic representation is not really in the central decision-making, but to preserve the Constitution, "and called for" preserving the essence of the Constitution is not the difference readings, has initiated the Constitution and the will of our people, we will respect that. " Najafi and stressed that "the Constitution does not copy Baltuaqat but it is a living organism grows and develops," pointing out that "maintaining the independent bodies is to keep away from the Constitution and independence is to stay away from the Constitution."

[bondLady] The Chairman of the House of Representatives that "insisting on the independence of the independent bodies does not differ by two, which are independent bodies descriptions and actually refrained from political action," stressing that "of necessity requires that the complexity of these bodies, regular meetings with parliamentary committees to discuss the obstacles and dilemmas encountered in their work because the constitution linked to the text of the House of Representatives. " Najafi continued by saying that "the House of Representatives emphasizes that his intention in the past, the independence of the bodies, and legislation of laws that will operate it." And of bodies in Iraq Independent Electoral Commission for elections and the Human Rights Commission and the Central Bank and the Integrity Agency and several other independent institutions. The Federal Court has issued in the January 18 resolution last states to link the high authorities of the independent Iraq under the chairmanship of the cabinet and not the Iraqi Parliament, which led to the demand by some political blocs to send a clarification to the Federal Court demanding the interpretation of its decision on the linking of independent bodies under the chairmanship of Minister

[bondLady] Announced the Iraqi Council of Representatives, in March last, to clarify the Federal Supreme Court on the interpretation of its decision to link independent bodies under the chairmanship of the Cabinet which fell when the earlier decision, noting that the explanation emphasized the respect for constitutional provisions to link independent bodies the House of Representatives or the prime minister, with an emphasis on the independence of professional and administratively and financially. The Iraqi Constitution, 2 / 2 door fourth under the title (independent bodies) to a number of bodies and organs, Kdioan financial control, and the media and communications, the National Commission for de-Baathification, which replaced the Supreme National Commission for Accountability and Justice, the Constitution defines the nature of their relationship to the House of Representatives or the Council of Minister. http://www.shafaaq.c...5-08-38-49.html

[bondLady] And of bodies in Iraq Independent***************** Electoral Commission for elections************* and the Human Rights Commission************* and the Central Bank***************** and the Integrity Agency************** and several other independent institutions.

Read more:

[Barboza]

I appreciate you, BondLady!

Thank you for posting great articles... and for sharing your well balanced opinion.

Barboza

Edited September 26, 2011 by Barboza

[R2d2dc]

Thank you BondLady

[BondLady]

always...my pleasure have a great day....BL

[k98nights]

Bumping the story back up to the top

[RICK C]

SO WHEN Will they move on to NEW BUSINESS AND GET SOMETHING FINISHED. 2 YEARS HAVE passed and they still have a stagnated gov, a currency that is worthless, a people that are homeless and starving while they sit on their fat azz and bs the entire world. A PM who wants a Dictatorship gov, A Man in charge of Finances who can't take charge of things when he should and get things done, Acts more like a controled puppet instead of a leaded, thank you very much Mr Shabbibi, And you want people to invest in your country, Fat chance I would consider doing it at this point in time.Winter will soon be upon us everywhere. where will the women and children of Iraq be then. What good will all the Oil and Gas do them . what real progress have they made.NONE.

[BondLady]

ty all and ty k98 for the bump lol....BL

[Blessed4ever]

IF they were going to RV soon; why in the heck would they be discussing borrowing money from the Central Bank??