Undersecretary of the Ministry of Finance Rashid Tahir
Erbil, December 26 (PNA) - announced the Undersecretary of the Ministry of Finance and Economy in the Kurdistan region on Monday, that in case of delay the ratification of the budget for Iraq for the next year against the backdrop of the current political crisis in the country, his ministry would seek to pay the salaries of staff in the region in accordance with instructions Federal counterpart.
According to Rashid Tahir, told the Kurdish news agency that the government of the region by 99% based on the region's share of the Iraqi budget for public financial management in Kurdistan, indicating that it is not the Government of the Territory of any independent financial resources for Iraq.
He added that the federal government must assist the Government of the Region have a financial reserve for the year 2011 until the adoption of the budget of the Iraqi public the next year.
And was a member of the parliamentary Finance Committee Najiba Najib said that the draft budget law of 2012 includes a proposal to allocate an amount of 832 billion dinars from the petro-dollar project and the development of regions and provinces to all provinces.
The Government has adopted the Iraqi oil price of $ 85 and the foundation expects to which differences in the price of oil to cover more than $ 10 billion deficit.
And imposes a financial budget to Iraqi ministries and government bodies to provide financial Khovatha in the first quarter of next year following the budget year.
According to the Iraqi Council of Representatives, had not seen the final accounts since 2005 until now, and blames the government for not submitting the final accounts prior to the unstable conditions experienced by the country.
And carried the Ministry of Finance earlier in the ministries and government bodies responsible for failure to submit financial statements to the budgets of the years 2008, 2009 and 2010 because of the neglect is justified in the provision of final accounts for the financial expenses.
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