Economists: lose 230 million Dolaran Takhirellmoisna every day.
BAGHDAD / Baghdadiya News / .. Economists confirmed the loss of Iraqi parliamentarians and huge amounts of money for each day of delay in passage of the General Budget Law leads to disruption of Iraq's economy and that he could turn those losses into profits only if the parliament passed a budget early.
The Edumajls Representatives Abdul Hadi al-Hassani's (Baghdadiya News) that "the adoption of the General Budget Law is one of the most important strategies of economic and service for the advancement of reality service and infrastructure investment and production," noting that "the delay in approval lead to the loss of Iraq (230) million dollars a day."
Hasani said "delay the ratification of the budget also lead to confusion in the investment budget in particular, especially that we are working one-third of Almoish for investment and two-thirds the other two to run Ksrv salaries and other issues that might lead to suspension of business and new projects, ie the opposite of what works by industrial countries in terms of the division budget, a third for the operation and two thirds investment as it should. "
Explaining the existence of political crises annual delay in approving the budget of public and political causes is evident in the failure of the government of national partnership to ensure that some, but no cancellation of pointing out, to the delayed recognition of evidence of the defect in the performance of the economic dimension of strategic state-building, leading to send a negative message to contain the crisis of the country in the economy.
To the economic expert, said Subhi al-Badri's (Baghdadiya News) announced today that Iraq is losing more than $ 230 million a day due to delays in the adoption of Alemrazna public.
Badri attributed the failure to approve the budget at this time is the lack of meeting of Parliament, leading to disruption of the result in paralyzing life and stop the development of the country for each day of delay in approval.
On the other hand, said financial expert, Farouk Ramadan's (Albgdaah News) that the new investment projects stalled and will stop until the adoption of the budget law for pointing out the continuation of existing projects in small amounts granted to the ministries to complete those projects.
Ramadan added that any delay on the approval of the budget will reflect negatively on society and psychologically, especially that today the House of Representatives does not in its active role in the paragraph, but the most important deity and approval of the budget of public concern that attributing the problems of security and political polemics and public interactions.
Noting there a percentage of 1.0% is possible to act by the ministries of the projects either already existing and new projects are affected by this influence affected directly if you stop it happening in the style of the previous budgets, if the delay in approval, where the ratio is given monthly to act by the ministries for their projects on hold.
For his part, attributed to economist gnathion NA delay budget to the laziness and ignorance of the Ministry of Finance approval.
The gnathion NA's (Baghdadiya News): The Maishdh the reality of the Iraqi economy at the present time of the delay in the preparation of the budget but it is ignorance and laziness by the Ministry of Finance, pointing to the need to Thah budget and provided to Parliament in June, that is in the middle of this year, as happens in the U.S. Congress and in other industrialized countries at the same time underlined the loss of Iraq's $ 100 million per day for each day of delay from the date of approval of the general budget
And gnathion NA said the delay in approving the budget, the general delay the disbursement of state funds in addition to stop the movement of investment in Iraq, where not allowed to state disbursing to contractors without the ratification of the budget and allocations and the amounts earmarked for Mcharaama prevent the exchange entitlements of contractors, noting that the damage comes in the first place on the citizen to the highest concept of political economy only. He explained that the government should start thinking in this month's budget to be prepared by 2013 to Balsth the coming months and then put to the fullest / End / 36
BL I NEED A HAND WITH THIS ONE, 2 HOT FOR ME TO HANDLE.
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Last edited by deniscanada on Mon Jan 02, 2012 2:28 am; edited 1 time in total (Reason for editing : Color change)