Home
The government intends to send the budget 2012 to the House of Representatives soon
Friday 2/12/2011 4:47
Baghdad / economic-term follow-up
media sources informed the Cabinet that the government plans to send the state budget the middle of next week, at the time of the Council of Ministers decided to form a higher committee to audit and pay the dues of the local private sector and foreign and international organizations.
The government announced it will vote on the budget in 2012 next Tuesday and send the next day to the House for discussion and approval.
The Chancellor Media of the Council of Minister Mary Rayes told the Kurdish news agency (Rn): "The government will send a draft of the budget in 2012 to the Presidency of the Council of Representatives on Wednesday next after the vote in the Council of Ministers Tuesday. "
and added: We hope in the government budget is passed in the House with the beginning of the new year and does not get delayed like previous years. "
Meanwhile, the Cabinet decided to form a higher committee to audit and pay the dues of the private sector of local and foreign and international organizations, in when he said that the Economic Affairs Committee recommended to place debt foreign private sector to the Paris Club agreement, promised to refer the claims in debts, which proves to be incorrect to justice.
He said government spokesman Ali al-Dabbagh said in a statement issued by his office: "The Council of Ministers decided to approve the Adoption of the recommendation of the Committee Economic Affairs on the benefits of individuals and private companies of national and foreign and international organizations. "
Dabbagh said: "The approval will take into account the opinion of the Legal Department of the Secretariat of the Council of Ministers on the debt of the national private sector except for the membership of the Inspector General as illegal and that authorize the Commission to form a higher committee to audit the and payment of those dues, whether more than ten million dinars or less and the exchange of principal without interest. "
Ali al-Dabbagh said, "This approval comes the interest of the Iraqi government to apply regulations and international obligations, including obligations of the Paris Club International on the debt and to meet international obligations through payment of debts owed by Iraq to give credibility in the economic relations between Iraq and the countries of the world, "noting that" the Committee on Economic Affairs has recommended to place debt foreign private sector to the Paris Club agreement in line with the orientations of the Iraqi government not to differentiate among creditors. "
Al-Dabbagh said the "claims proved to be incorrect will be announced and referred to the judiciary, "pointing out that" the Supreme Committee for the liquidation of dues Iraqi private sector will develop a scientific mechanism of exchange and determine the conditions necessary to ensure the validity of the debt and follow-up of the launch of exchange. "Iraq had managed to write off $ 100 billion of Paris Club debt $ 140 billion, after he signed individually with some of these countries the Convention on debt reduction to Iraq and 80 percent of them, as happened with the others to write off 100% of the debt.
Iraq seeks to cancel the debts incurred during the period of the previous regime which was estimated then more than $ 120 billion, which date back some of the compensation due to wars waged by his neighbors and some other countries and traders.
The Paris Economic Club is an informal group of financiers from 19 countries of the world's richest countries, including Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, Norway, Russia, Spain, Sweden, Switzerland and the United Kingdom that offer financial services such as debt rescheduling and relief and cancellation of the debtor and creditor countries.
to the said Finance Committee representative to many of the provinces does not bear sole responsibility for the delayed payment of their balance sheets of the annual financial, noting that the Ministry of Finance is also responsible for delayed implementation of projects in the provinces. being the Council of Ministers extensive discussions of the budget next year, after raising the Ministry of Finance a draft budget to the Council of Ministers last week.
experts predict Economists delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with the discussion of budgets, financial year.
A member of the Committee Secretary Hadi, told the Kurdish news agency (Rn): "Many of the provinces delayed the payment of their balance sheets of financial for this year and this does not mean they assume full responsibility for the delay, but that certain circles in the Ministry of Finance responsible for delay transfers to the provinces. "
Hadi said that "the budget annually in delay approval and this in turn would lead to the delay and the Ministry of Finance to launch financial allocations to the provinces," noting that his committee will study the mechanism of exchange of those provinces, according to the circumstances experienced by.
The government figures out that Iraq's budget for next year will amount to 131 trillion dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars, about (20 billion dollars) .
depends Iraq, a member of OPEC on oil revenues to fund approximately 95% of the annual budget, and often delayed the adoption of fiscal balances in Iraq and voted on in the House of Representatives because of the differences between the political blocs.
The paragraph IV of Article X of the General Budget Law for the year 2011 to be "the House of Representatives the right to withdraw confidence from a minister or head of organization is not related to the Ministry in the case of non-implementation of a rate (75%) of the investment allocations of his ministry or his department from the Federal budget."
Iraq has suffered from infrastructure crumbling in all sectors, the result of years Throughout the siege and war during the last two decades of the last century.
and despite the lapse of eight years to topple the former Iraqi regime, the Iraqi government could not provide basic public services to citizens, often protesting the lack of it.
[You must be registered and logged in to see this link.]
Friday 2/12/2011 4:47
Baghdad / economic-term follow-up
media sources informed the Cabinet that the government plans to send the state budget the middle of next week, at the time of the Council of Ministers decided to form a higher committee to audit and pay the dues of the local private sector and foreign and international organizations.
The government announced it will vote on the budget in 2012 next Tuesday and send the next day to the House for discussion and approval.
The Chancellor Media of the Council of Minister Mary Rayes told the Kurdish news agency (Rn): "The government will send a draft of the budget in 2012 to the Presidency of the Council of Representatives on Wednesday next after the vote in the Council of Ministers Tuesday. "
and added: We hope in the government budget is passed in the House with the beginning of the new year and does not get delayed like previous years. "
Meanwhile, the Cabinet decided to form a higher committee to audit and pay the dues of the private sector of local and foreign and international organizations, in when he said that the Economic Affairs Committee recommended to place debt foreign private sector to the Paris Club agreement, promised to refer the claims in debts, which proves to be incorrect to justice.
He said government spokesman Ali al-Dabbagh said in a statement issued by his office: "The Council of Ministers decided to approve the Adoption of the recommendation of the Committee Economic Affairs on the benefits of individuals and private companies of national and foreign and international organizations. "
Dabbagh said: "The approval will take into account the opinion of the Legal Department of the Secretariat of the Council of Ministers on the debt of the national private sector except for the membership of the Inspector General as illegal and that authorize the Commission to form a higher committee to audit the and payment of those dues, whether more than ten million dinars or less and the exchange of principal without interest. "
Ali al-Dabbagh said, "This approval comes the interest of the Iraqi government to apply regulations and international obligations, including obligations of the Paris Club International on the debt and to meet international obligations through payment of debts owed by Iraq to give credibility in the economic relations between Iraq and the countries of the world, "noting that" the Committee on Economic Affairs has recommended to place debt foreign private sector to the Paris Club agreement in line with the orientations of the Iraqi government not to differentiate among creditors. "
Al-Dabbagh said the "claims proved to be incorrect will be announced and referred to the judiciary, "pointing out that" the Supreme Committee for the liquidation of dues Iraqi private sector will develop a scientific mechanism of exchange and determine the conditions necessary to ensure the validity of the debt and follow-up of the launch of exchange. "Iraq had managed to write off $ 100 billion of Paris Club debt $ 140 billion, after he signed individually with some of these countries the Convention on debt reduction to Iraq and 80 percent of them, as happened with the others to write off 100% of the debt.
Iraq seeks to cancel the debts incurred during the period of the previous regime which was estimated then more than $ 120 billion, which date back some of the compensation due to wars waged by his neighbors and some other countries and traders.
The Paris Economic Club is an informal group of financiers from 19 countries of the world's richest countries, including Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, Norway, Russia, Spain, Sweden, Switzerland and the United Kingdom that offer financial services such as debt rescheduling and relief and cancellation of the debtor and creditor countries.
to the said Finance Committee representative to many of the provinces does not bear sole responsibility for the delayed payment of their balance sheets of the annual financial, noting that the Ministry of Finance is also responsible for delayed implementation of projects in the provinces. being the Council of Ministers extensive discussions of the budget next year, after raising the Ministry of Finance a draft budget to the Council of Ministers last week.
experts predict Economists delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with the discussion of budgets, financial year.
A member of the Committee Secretary Hadi, told the Kurdish news agency (Rn): "Many of the provinces delayed the payment of their balance sheets of financial for this year and this does not mean they assume full responsibility for the delay, but that certain circles in the Ministry of Finance responsible for delay transfers to the provinces. "
Hadi said that "the budget annually in delay approval and this in turn would lead to the delay and the Ministry of Finance to launch financial allocations to the provinces," noting that his committee will study the mechanism of exchange of those provinces, according to the circumstances experienced by.
The government figures out that Iraq's budget for next year will amount to 131 trillion dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars, about (20 billion dollars) .
depends Iraq, a member of OPEC on oil revenues to fund approximately 95% of the annual budget, and often delayed the adoption of fiscal balances in Iraq and voted on in the House of Representatives because of the differences between the political blocs.
The paragraph IV of Article X of the General Budget Law for the year 2011 to be "the House of Representatives the right to withdraw confidence from a minister or head of organization is not related to the Ministry in the case of non-implementation of a rate (75%) of the investment allocations of his ministry or his department from the Federal budget."
Iraq has suffered from infrastructure crumbling in all sectors, the result of years Throughout the siege and war during the last two decades of the last century.
and despite the lapse of eight years to topple the former Iraqi regime, the Iraqi government could not provide basic public services to citizens, often protesting the lack of it.
[You must be registered and logged in to see this link.]
