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Al-Bayati: the delayed adoption of the budget succeeds environment for investment repellent

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campdav


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Saw an economist that there are traces of negative consequences on the economy of the country as a result of a failure to approve the budget, including Aladzpallaifa the requirements of the operating expenses on the grounds that the state operates a large number of personnel at various levels and various professions and disciplines and thus delay the budget will affect this aspect a significant impact as well as its impact on grades allocated by the State to its citizens.

Financial plan
He d. Star-Bayati, "morning" that the budget is an annual financial plan represents the government's plan and its future directions for the coming year, and certainly this budget includes two important aspects of the expenditure which is capital expenditures and operating expenses that must fulfill them.
Al-Bayati said if we assume that he can avoid these expenses through advances taken from the Ministry of Finance or the Central Bank as permitted by law, adding that the negative effects would result from the investment expenditures can not be avoided, which means depriving the country of these amounts will cast on disabled projects investment as well as the development of infrastructure projects in the provinces and regions and thus breach the requirements of the goals of sustainable human development.

Six months
Al-Bayati said the budget and through customary by economists and politicians are for one year, starting in the first month or the second and a maximum in the third month and ends in the subsequent year ie, when the end of the fiscal year, pointing out that the year routine is different from the financial terms of a commitment by a factor of time, stressing that the time limit is a main factor in the final, where it's not open, but a specific time as a pillar by a factor based on the many obligations towards the citizens, projects and other commitments can not be delayed as a result of the breach so they returned to the passage of nearly six months since the new fiscal year.

Those invested
Bayati promised delayed approval as a message to companies and agencies invested instability within the country and the lack of economic and political consensus thus leading to the lack of foreign investment as well as the reluctance of existing projects within the country that fall within the terms of the investment budget and the accompanying recession in the market.
He repeated al-Bayati said the delay will go down Agheraralmoisnp palaces on the legislative authorities and their inability in this context, and thus adversely affect the executive body that can not move in the absence of necessary expenses.

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