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Parliamentary Finance: Iraq is suffering from a financial crisis and the rule approving the budget

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tlm724

tlm724
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Parliamentary Finance: Iraq is suffering from a financial crisis and the rule approving the budget

October 11, 2014, 15:59
Baghdad

According to a member of the Finance Committee in Parliament MP Faleh applicable to Iraq means of a real financial crisis, ruling approving the budget for 2014.

The force said in a press statement that "the budget bill is a commitment to fulfill the promises and the financial implications of the state so that there is a financial commitment, whether to the provinces or the federal ministries."

He added sari "We are now suffering from the financial crisis are real and the provinces and ministries spend from 1/12, where the trend is now toward the Defense Ministry, as well as displaced people and now it's all of these things have made it that more than the issue of services."

And "if approved budget on Madjaet him from the government should be under an obligation to the public treasury, while there are no funds to meet these obligations," adding that "the government is now moving in the budget Twelver a twelfth and pay some necessary expenses and basic as it deems appropriate in terms of security, defense and the displaced. "

He revealed sari "There is also the intention of the government to pay an advance of employees' salaries province and paid the region's share in the amount of four and a half billion, and so there will be a deficit in the budget, explaining if we move away more than it would be deficit large and noticeable with Note the big drop in oil prices in the world, noting that" quantities of oil exporting now is not as the ability of the budget to stop the production of Kirkuk and stopped production of the province and the reason for this decline in the size and spending of Iraq.

And he finished sari "We rule out that the budget for the year 2014 and the essential stuff and you see the government should be taken into consideration in the budget of the year 2015 and the remainder of the year 2014, only two months, it is difficult to approval by the Cabinet and then come to the House of Representatives under the dialogues and discussions and disputes and the issue of the region's share .

It is said that Minister of Science and Technology Knight Jeju, said that the cabinet would discuss on Sunday the report of the Ministry of Finance regarding the budget within a session compensatory.

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