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Knesset Finance: Iraq did not spend only 30% of its budget and the allocation of next year does not include new projects
Haider Ali Jawad - 08/12/2011 PM - 9:41 PM | Hits: 69
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He said deputies in the Knesset Finance Committee, on Wednesday, said the budget year 2012 was not built in accordance with a strategic vision science because "they put non-specialists." Meanwhile, the expected budget approval "does not include the implementation of new projects," but the financing of existing ones, noting that it was because they involve social benefits for the three presidencies, loans and allocations for infrastructure projects.
The parliamentarians said that the ministries did not happen, at best, only 30% of the budget year 2011 due to poor performance of the ministries.
The Council of Ministers approved in its last budget year 2012 that exceed $ 100 billion shortfall of $ 13 billion. With allocated more than 80 billion operating budget did not incite investment allocations but only 35%.
In an interview with "the world," said Magda Abdel-Latif, a member of the parliamentary Finance Committee yesterday that "the budget of the Council of Ministers approved a $ 117 trillion dinars, of which 81% operational and the remaining investment." Denied "the existence of any new projects implemented in the budget, only ongoing projects in the implementation." And continued, "there are 15 trillion dinars allocated for infrastructure in the budget."
Latif indicated that "the budget allocations of social benefits to the House of Representatives about 5 billion dinars," saying it seeks "to serve as the financial benefits of these pieces."
She described the deputy Liberal block the budget in its current state as "a very significant amount, equivalent to balance the 4 States", however, "but does not have a strategic vision because the budget based on reactions," she says, "Another thing that the present government and the ministry's specialists developed the budget."
The MP stressed on "the necessity of reconsidering this budget because it is not scientific, but Atottagh towards economic reform of the country."
With regard to exchange the current year budget, said Abdul Latif, "from the reality of our control, the rates of exchange came low and modest, not to exceed 30%, there are 70% of which did not happen until 10.01.2011," and about the fate of these funds, she said, "will return to the Finance Ministry and the imbalance in the ministries that knows their real, "while I talked about around the" debt of the government as a result of fees incurred for water and electricity to the citizens in 2013. "
In the meantime, said Haitham al-Jubouri, a member of the parliamentary finance committee that the "15 th trillion dinars to support infrastructure, including transport, education, health, roads and borders." He spoke Jubouri for "the world" yesterday "collecting signatures to support agriculture and industrial projects and the provision of adequate housing for citizens."
The MP for the rule of law on the need to "cancel the benefits of bank loans of agricultural, industrial and fund housing and real estate" He said, "These banks were taking significant benefits ranging from 2% - 12%, increasing these benefits will encourage the private sector, agriculture and industry and we are with this trend," , noting that "the abolition of benefits do not provide a lot of money as it helps the borrower and encourages him to proceed with the project."
And the value of loans granted by banks to borrowers, Jubouri confirms that "the figures are open, there are 100 billion dinars for the agricultural bank and the same for Real Estate Bank and weaknesses of the Housing Fund and the result does not exceed 400 billion Iraqi dinars."
The MP for the Finance Committee to provide "a project to increase the proportion of Housing Fund loans to 1,000 billion dinars, and committed the Ministry of Finance to cover the amount that is fixed capital is non-refundable even provides high levels of housing."
And whether there were external pressures brought to bear to approve the budget as drafted, Jubouri confirms that "the only pressure from the IMF, who was worried about the budget deficit of 30%, and we dealt with the subject through the cut that number to 14%."
For his part, Ahmed said electrodes, Rapporteur of the Parliamentary Finance Committee, said that "the budget will be subject to debate in the House because there are negative aspects of the points need to be amended, including jobs that fell."
The electrodes in an interview for "the world" yesterday that the "2 trillion dinars from the budget allocated to build housing for the poor," expressing his belief that "this amount is small and not sufficient and we will demand the equivalent of 8 trillion to build houses for the poor."
And social benefits of the Iraqi List MP as "raised from the budget but when you filed, we found that there are downsides, because this section can benefit a lot from poor families who need treatment outside Iraq," and added, "Therefore, our point of view of the Finance Committee to keep a bit of This amounts to the three presidencies of things only human. "
And about the advantages of loans electrodes say "we have adopted before we are fired by the government, the process of raising interest very important" and explained the important "as we are an Islamic state and the benefits of this intervention in the door of usury and many Iraqis are denied because of the benefits of these loans."
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Haider Ali Jawad - 08/12/2011 PM - 9:41 PM | Hits: 69
________________________________________
He said deputies in the Knesset Finance Committee, on Wednesday, said the budget year 2012 was not built in accordance with a strategic vision science because "they put non-specialists." Meanwhile, the expected budget approval "does not include the implementation of new projects," but the financing of existing ones, noting that it was because they involve social benefits for the three presidencies, loans and allocations for infrastructure projects.
The parliamentarians said that the ministries did not happen, at best, only 30% of the budget year 2011 due to poor performance of the ministries.
The Council of Ministers approved in its last budget year 2012 that exceed $ 100 billion shortfall of $ 13 billion. With allocated more than 80 billion operating budget did not incite investment allocations but only 35%.
In an interview with "the world," said Magda Abdel-Latif, a member of the parliamentary Finance Committee yesterday that "the budget of the Council of Ministers approved a $ 117 trillion dinars, of which 81% operational and the remaining investment." Denied "the existence of any new projects implemented in the budget, only ongoing projects in the implementation." And continued, "there are 15 trillion dinars allocated for infrastructure in the budget."
Latif indicated that "the budget allocations of social benefits to the House of Representatives about 5 billion dinars," saying it seeks "to serve as the financial benefits of these pieces."
She described the deputy Liberal block the budget in its current state as "a very significant amount, equivalent to balance the 4 States", however, "but does not have a strategic vision because the budget based on reactions," she says, "Another thing that the present government and the ministry's specialists developed the budget."
The MP stressed on "the necessity of reconsidering this budget because it is not scientific, but Atottagh towards economic reform of the country."
With regard to exchange the current year budget, said Abdul Latif, "from the reality of our control, the rates of exchange came low and modest, not to exceed 30%, there are 70% of which did not happen until 10.01.2011," and about the fate of these funds, she said, "will return to the Finance Ministry and the imbalance in the ministries that knows their real, "while I talked about around the" debt of the government as a result of fees incurred for water and electricity to the citizens in 2013. "
In the meantime, said Haitham al-Jubouri, a member of the parliamentary finance committee that the "15 th trillion dinars to support infrastructure, including transport, education, health, roads and borders." He spoke Jubouri for "the world" yesterday "collecting signatures to support agriculture and industrial projects and the provision of adequate housing for citizens."
The MP for the rule of law on the need to "cancel the benefits of bank loans of agricultural, industrial and fund housing and real estate" He said, "These banks were taking significant benefits ranging from 2% - 12%, increasing these benefits will encourage the private sector, agriculture and industry and we are with this trend," , noting that "the abolition of benefits do not provide a lot of money as it helps the borrower and encourages him to proceed with the project."
And the value of loans granted by banks to borrowers, Jubouri confirms that "the figures are open, there are 100 billion dinars for the agricultural bank and the same for Real Estate Bank and weaknesses of the Housing Fund and the result does not exceed 400 billion Iraqi dinars."
The MP for the Finance Committee to provide "a project to increase the proportion of Housing Fund loans to 1,000 billion dinars, and committed the Ministry of Finance to cover the amount that is fixed capital is non-refundable even provides high levels of housing."
And whether there were external pressures brought to bear to approve the budget as drafted, Jubouri confirms that "the only pressure from the IMF, who was worried about the budget deficit of 30%, and we dealt with the subject through the cut that number to 14%."
For his part, Ahmed said electrodes, Rapporteur of the Parliamentary Finance Committee, said that "the budget will be subject to debate in the House because there are negative aspects of the points need to be amended, including jobs that fell."
The electrodes in an interview for "the world" yesterday that the "2 trillion dinars from the budget allocated to build housing for the poor," expressing his belief that "this amount is small and not sufficient and we will demand the equivalent of 8 trillion to build houses for the poor."
And social benefits of the Iraqi List MP as "raised from the budget but when you filed, we found that there are downsides, because this section can benefit a lot from poor families who need treatment outside Iraq," and added, "Therefore, our point of view of the Finance Committee to keep a bit of This amounts to the three presidencies of things only human. "
And about the advantages of loans electrodes say "we have adopted before we are fired by the government, the process of raising interest very important" and explained the important "as we are an Islamic state and the benefits of this intervention in the door of usury and many Iraqis are denied because of the benefits of these loans."
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