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Determining exchange rates 2012 budget end of the month


Alexyn1006
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Determining exchange rates 2012 budget end of the month

12/29/2012 12:00 am

BAGHDAD - morning

Said the parliamentary Finance Committee, said that the exchange rates of the investment budget for the provinces and ministries for the last two months of this year will show the end of the month, indicating that it has received exchange rates up to 31 from last October.

The BSA says that the exchange reports of private investment funds in the ministries and provinces issued by the periods of time over the year can not measure the extent of the exchange rate unless there is a year-end report summarizing exchange rates carefully.

A member of the Committee Secretary Hadi's (IMN) "The Finance Committee received ratios exchange investment budget for the year 2012 for the governorates and ministries to 31 from last October, and will be completed to determine the rates of exchange for the two months remaining of the year by the end of this month."

He explained that "financial disbursement ratios will be high this month because of a settling of accounts and delivery contractors for their ancestor thus will become clearer financial exchange rates at the end of this month." Iraq admitted in February last budget year 2012 in the amount of $ 100 billion (about 117 trillion dinars ) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). indicate one of the paragraphs of the budget year 2012 that "The Council of Representatives may withdraw confidence from a minister or head of organization is not related to the Ministry in the case of non-implementation of a rate (75 percent) of investment allocations for the ministry or his department of the federal budget. "

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Are you sure those numbers are correct?

The only things I'm sure of are taxes and death...lol.

Here's a discussion by Stryker and Bond Lady on the subject. You can view this chat on bond lady's site.

"hi jeep great to see u hun, each ministry was supposed to complete at least 75% of their projects that were in the 2012 budgets, the ministers who dont want iraq to succeed or only want to bring down the gov, many won't do their projects or do very little, and they were required to complete at least 75%, so if they didn't they're up for review...imo... some ministers got their money for their projects late also, and delayed them from achieving there goals...hope that helps...BL

Stryker wrote;

Bondlady, bravo! You hit the nail on the head with this one. Thank you!

This is also why the Iraq Kurdish region is so far ahead of the rest of Iraq too, they get their projects completed and pass their budgets in time despite the Federal Budget delays. They also get projects started on time, to the point the Federal owes them back payments almost of the time."

Thanks to Stryker and Bondlady.

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