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Federal Court defer the lawsuit to challenge the budget law next month
Tuesday, April 14, 2015 13:55
BAGHDAD / Baghdadi News / ... Federal Supreme Court decided on Tuesday to postpone consideration of a challenge to the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until the fourth of next month, as agreed to introduce the Prime Minister in addition to his people Third in the lawsuit.
The judge said Abdul Sattar Bayrakdar spokesman for the federal judiciary in a statement received / Baghdadi News / copy of it, that "the Federal Supreme Court decided to defer consideration of the case the central bank to challenge the unconstitutionality of articles 46 and 50 of the general budget of the Federal Law of 2015 to the fourth of the month next, "pointing out that" the delay was for the purpose of completing the procedures, has decided to introduce Mr. Prime Minister, in addition to his job a third person in the suit. "
For his part, Ahmed Chalabi, head of the Finance Committee in the House of Representatives, which is a party also third in the lawsuit in the gallery his testimony before the court stressed that "the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars which is equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142. "
"The central bank has in the year 2009 only to sell 92%, which entered the country from oil imports."
He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad amounted to 115 billion only, we find that the total foreign currency sold to the private sector, most of which is destined to imports by the private sector amounted to three times the government's import," explaining "This thing is not true because the government covers the import of fuel imports and the Ministries of Defense and Interior and others."
Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of the damage suffered by what is now the scarcity of liquidity."
With The Chairman of the Finance Committee in the House of Representatives to "the sale by the Central Bank of cause in the case of corruption and corruption reflected on the general situation in the country," explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged with other tools to protect the national currency. "
Chalabi and went on to "the House of Representatives found this article from the protection of national hard currency and prevent the bank from exercising his powers to protect the currency."
He said that "as reported by agent Prosecutor (the central bank) about that Article 50 of the Budget Law legislation carries financial burdens is the payment is not true," adding that "the rise in the dollar price does not carry the state financial burdens, but the opposite is mitigated, when pay its obligations Dinars Iraqi. "
He explained that "the price at which the central bank is determined by his choice is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 until 2013 and 2014," .
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Tuesday, April 14, 2015 13:55
BAGHDAD / Baghdadi News / ... Federal Supreme Court decided on Tuesday to postpone consideration of a challenge to the constitutionality of articles 46 and 50 of the federal budget for the year 2015 until the fourth of next month, as agreed to introduce the Prime Minister in addition to his people Third in the lawsuit.
The judge said Abdul Sattar Bayrakdar spokesman for the federal judiciary in a statement received / Baghdadi News / copy of it, that "the Federal Supreme Court decided to defer consideration of the case the central bank to challenge the unconstitutionality of articles 46 and 50 of the general budget of the Federal Law of 2015 to the fourth of the month next, "pointing out that" the delay was for the purpose of completing the procedures, has decided to introduce Mr. Prime Minister, in addition to his job a third person in the suit. "
For his part, Ahmed Chalabi, head of the Finance Committee in the House of Representatives, which is a party also third in the lawsuit in the gallery his testimony before the court stressed that "the central bank sold through auction currency for the period between 2006- 2014 to $ 312 billion, 750 million and 598 thousand dollars which is equivalent to 57% of the total oil imports of $ 551 billion, 749 million and 957 thousand and $ 142. "
"The central bank has in the year 2009 only to sell 92%, which entered the country from oil imports."
He added that "if we take into account when the legislation of Article 50 of the budget, the total import of the government from 2006 to 2014 from abroad amounted to 115 billion only, we find that the total foreign currency sold to the private sector, most of which is destined to imports by the private sector amounted to three times the government's import," explaining "This thing is not true because the government covers the import of fuel imports and the Ministries of Defense and Interior and others."
Chalabi said that "the sale of these enormous quantities causing wastage of hard currency that we have acquired from oil imports that cause great harm to the state, part of the damage suffered by what is now the scarcity of liquidity."
With The Chairman of the Finance Committee in the House of Representatives to "the sale by the Central Bank of cause in the case of corruption and corruption reflected on the general situation in the country," explained that "the Constitution does not specify what sells Bank of currency, but said in the text of the article that he is charged with other tools to protect the national currency. "
Chalabi and went on to "the House of Representatives found this article from the protection of national hard currency and prevent the bank from exercising his powers to protect the currency."
He said that "as reported by agent Prosecutor (the central bank) about that Article 50 of the Budget Law legislation carries financial burdens is the payment is not true," adding that "the rise in the dollar price does not carry the state financial burdens, but the opposite is mitigated, when pay its obligations Dinars Iraqi. "
He explained that "the price at which the central bank is determined by his choice is not based on a particular rule," pointing out that "the Central Bank to sell the currency through the auction has risen seven-fold from 2006 until 2013 and 2014," .
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