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Economist: we must reform the budget
On: Fri 1/15/2012 6:48
Baghdad / long
criticized the economic expert, contrary goldsmith restructuring of the financial budget public the fact that operating expenses are still large at the expense of investment.
jeweler said in a press statement on Saturday: The general budget of marred many of the paragraphs is necessary through the doors of their exchange, causing the waste of large funds, and must be a process of reform of the budget prior to release.
He added that the operating budget are considerable and outweigh its counterpart investment, despite the fact that the country needs to investment projects for the advancement of the fact of economic, creating a large deficit in the budget, so it has to be restructured again before approval.
He pointed to: that most of the countries in the world, especially the Gulf region Arab put the budget on the basis that the investment budget of more than operational for the purpose of making the economy strong and not affected by any economic crisis, whether global
or local.
He suggested: the creation of the so-called balance of the citizen, be simple and shall not exceed the page and half are published in local newspapers and take the opinion of the citizens of some financial allocations to be more aware of aspects of the disbursement of funds in the budget.
The Economic Commission representative criticized the budget and called back to the federal government to make some amendments to it, and through the Minister of State for the House of Representatives rejected the federal government returned again for fear of being late again.
The Minister of Finance Iraqi Rafie al-Issawi said in the eighth month of December of last year, for the overall Iraqi budget for 2012 of $ 117 trillion dinars, and continued, the share of the operational budget for 2012 reached 80 trillion dinars, compared to 37 trillion dinars investment budget, and by the inability of 14 trillion dinars, which represents 10 percent of gross domestic product and 12 percent of the total budget.
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