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Parliamentary Finance carry "bad" previous administrations responsible for resorting to payment on credit
07/12/2015
BAGHDAD
Finance Committee in the Iraqi Council of Representatives carried, on Saturday, "ill" previous administrations of the economy and the Iraqi money responsibility for the Government's use of payment on credit projects, and stressed that this step will make future generations "city" for many years, and while noting Financial experts not to Iraq's possession of financial management "Rachida", pointed out the prime minister for economic affairs adviser to the appearance of Mohammed Saleh that decision under the terms of an existing year's budget law in 2015.
She said the Parliamentary Finance Committee member Magda Tamimi, in an interview to the (long-Presse), "The government directed towards the implementation of projects Order-term results from the accumulation borne by the previous governments since 2004 until 2014," indicating that "the previous years had the governments are very substantial revenue of oil until there are budgets explosive. "
Tamimi added that "those governments were annihilating those budget revenues the state, because the greater the revenue increased expenses, and even investment projects allocations where corruption has become a large, as we have not seen built and funds projects went."
She Tamimi that the "exceptional situation year to balance in 2015, because of lower oil prices with the increase in state spending because of the war with terrorism, prompting the government to resort to payment projects on credit, especially since the state treasury today empty because of poor previous administrations of the economy and money", expressing surprise at "the lack of corrupt accounting . "
Tamimi pointed out that "the government wants to Iraq bearing debts paid in the future because of the mistakes of the past, and make future generations City to long years."
For his part, the financial expert Majid picture, said in an interview to the (long-Presse), he said that "Iraq does not possess financial management rational nor a clear policy for the management of the economy in the country, so if you do not know the financial base of Iraq is very difficult to go to domestic borrowing or external cross-development projects Order forward. "
He explained the picture that "there are too many questions on the subject of development should the government planned before go to payment projects on credit, including the study of the economic or financial situation of Iraq simultaneously and in the future ", adding that" this is linked to imports of oil that are difficult to forecast its imports. "
Image and he continued that "if approved to enter the local companies or foreign implemented payment projects on credit did not stop money entering Iraq to pay, it will enter into the non-payment of financial operations and this leads to a very disastrous for Iraq results ".
I suggest financial expert, "the central bank support through the orientation of the development of internal projects to support the state budget as the central bank trillion dinars for small and medium projects allocated and there are five trillion dinars have been allocated for industrial, agricultural and real estate sector and these methods substitute for borrowing if used well. "
For his part, the prime minister for economic affairs adviser said the appearance of Mohammed Saleh said in an interview to the (long-Presse), "The government needs to sort of understanding and coordination with the Board Committees House of Representatives, which has the right to see and question because they control point, as that of the right of the government to explain to them the limits of borrowing and positions and the reasons behind it. "
Saleh pointed out that "the government is able to convince the legislature and orientations towards the implementation of payment projects forward," noting that "The country is going through a lot of problems and also has a program must accomplish and is forced to intervene in debt and borrow." He emphasized the benefit of "no worries of payment on credit projects as it exists under the terms of the public budget law in 2015 and is part of the fiscal deficit included for investment purposes Order forward and the executive implements the provisions of the law."
She had announced the Ministry of Construction and Housing, Sunday (April 19, 2015 ) agreement with foreign companies to carry out projects payment on credit system, indicating that the implementation will be after approvals on them is complete.
led financial crisis in Iraq following the fall in oil prices, that local governments give up dozens of service projects, and the shrinking number of workers and hygiene services sector.
mentions The Iraqi Council of Representatives approved, on Thursday, (January 29, 2015), the financial budget for the current year 2015, B119 trillion Iraqi dinars and a deficit of 25 trillion dinars, and with House Speaker Salim al-Jubouri confirmed it was the first time that the adoption of the budget is during the first month of the year, and described as "achievement".
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07/12/2015
BAGHDAD
Finance Committee in the Iraqi Council of Representatives carried, on Saturday, "ill" previous administrations of the economy and the Iraqi money responsibility for the Government's use of payment on credit projects, and stressed that this step will make future generations "city" for many years, and while noting Financial experts not to Iraq's possession of financial management "Rachida", pointed out the prime minister for economic affairs adviser to the appearance of Mohammed Saleh that decision under the terms of an existing year's budget law in 2015.
She said the Parliamentary Finance Committee member Magda Tamimi, in an interview to the (long-Presse), "The government directed towards the implementation of projects Order-term results from the accumulation borne by the previous governments since 2004 until 2014," indicating that "the previous years had the governments are very substantial revenue of oil until there are budgets explosive. "
Tamimi added that "those governments were annihilating those budget revenues the state, because the greater the revenue increased expenses, and even investment projects allocations where corruption has become a large, as we have not seen built and funds projects went."
She Tamimi that the "exceptional situation year to balance in 2015, because of lower oil prices with the increase in state spending because of the war with terrorism, prompting the government to resort to payment projects on credit, especially since the state treasury today empty because of poor previous administrations of the economy and money", expressing surprise at "the lack of corrupt accounting . "
Tamimi pointed out that "the government wants to Iraq bearing debts paid in the future because of the mistakes of the past, and make future generations City to long years."
For his part, the financial expert Majid picture, said in an interview to the (long-Presse), he said that "Iraq does not possess financial management rational nor a clear policy for the management of the economy in the country, so if you do not know the financial base of Iraq is very difficult to go to domestic borrowing or external cross-development projects Order forward. "
He explained the picture that "there are too many questions on the subject of development should the government planned before go to payment projects on credit, including the study of the economic or financial situation of Iraq simultaneously and in the future ", adding that" this is linked to imports of oil that are difficult to forecast its imports. "
Image and he continued that "if approved to enter the local companies or foreign implemented payment projects on credit did not stop money entering Iraq to pay, it will enter into the non-payment of financial operations and this leads to a very disastrous for Iraq results ".
I suggest financial expert, "the central bank support through the orientation of the development of internal projects to support the state budget as the central bank trillion dinars for small and medium projects allocated and there are five trillion dinars have been allocated for industrial, agricultural and real estate sector and these methods substitute for borrowing if used well. "
For his part, the prime minister for economic affairs adviser said the appearance of Mohammed Saleh said in an interview to the (long-Presse), "The government needs to sort of understanding and coordination with the Board Committees House of Representatives, which has the right to see and question because they control point, as that of the right of the government to explain to them the limits of borrowing and positions and the reasons behind it. "
Saleh pointed out that "the government is able to convince the legislature and orientations towards the implementation of payment projects forward," noting that "The country is going through a lot of problems and also has a program must accomplish and is forced to intervene in debt and borrow." He emphasized the benefit of "no worries of payment on credit projects as it exists under the terms of the public budget law in 2015 and is part of the fiscal deficit included for investment purposes Order forward and the executive implements the provisions of the law."
She had announced the Ministry of Construction and Housing, Sunday (April 19, 2015 ) agreement with foreign companies to carry out projects payment on credit system, indicating that the implementation will be after approvals on them is complete.
led financial crisis in Iraq following the fall in oil prices, that local governments give up dozens of service projects, and the shrinking number of workers and hygiene services sector.
mentions The Iraqi Council of Representatives approved, on Thursday, (January 29, 2015), the financial budget for the current year 2015, B119 trillion Iraqi dinars and a deficit of 25 trillion dinars, and with House Speaker Salim al-Jubouri confirmed it was the first time that the adoption of the budget is during the first month of the year, and described as "achievement".
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