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Qusay Al-Abbadi: budget did not include the foreign exchange required


Alexyn1006
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Qusay Al-Abbadi: budget did not include the foreign exchange required

2012-12-03

Baghdad/JD/...Economic Committee revealed that budget 2013 submitted to Parliament did not include cash balance required for pleural expenses fiscal year.

A member of the Economic Committee Deputy Qusay Al-Abbadi/JD/: I have made several observations on the budget, including the absence of a balance of foreign exchange required for expenditure for the financial year.

He added that the budget had been prepared without the preparation of reports under the financial management and public debt law No. 95 of 2004, noting that the formula prepared budget strategy but beaa methodology, which demonstrates the lack of linkage between the budget numbers and directions referred to in the strategy.

He stressed the need to address budget introductions or materials relating to the level of coordination between fiscal and monetary policies and their mutual effects to justify the conviction of lawmakers.

The economic and Investment Committee had revealed major observations on the Federal General pushed through 2013, which do not specify the scope of payment institutions of funds.

Committee member MP Iraqi list Qusay Al-Abadi told pre/JD/: public budget when Parliament was supposed to be a translation of Government policy but not, increase oil were distributed equally to all sectors, and not serving a specific sector rather than another.

He noted that the Cabinet has pushed through without be accompanied by strategic study, considering that pushed without this study do not serve a particular purpose.

Al-Abadi said: as well as from positive to come with ways to scope and pushed spending ministries and institutions, inquire: we want to find out where POPs and institutions will be how?.

He was supposed to submit audit reports with pushed, but it didn't come.

And among Abadi observations of the Committee on industry, said: the aim of the budget is the rehabilitation of laboratories and public enterprises of the Ministry of industry and minerals, certain, but these plants since 8 years now provided and have not developed and maintained.

He added, we know that the State is heading towards the open market would be to dispense companies, recourse to investment, the Committee wished to know the magdoi the funds industry companies and its Government this long?!.

He is a member of the parliamentary Economic Committee Deputy of the Iraqi list, as well as the health sector has been monitoring 4% of its unchanged pushed something./finished/11

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.dananernews.com%2FNews_Details.php%3FID%3D2425

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