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Financial representative recommends the Minister of Finance to submit the final accounts during the month
Sunday, February 12, 2012 15:55
Baghdad {: News} Euphrates confirmed the parliamentary Finance Committee recommended it, Finance Minister Rafie al-Issawi submission of final accounts for the years past month.
Said committee member Najiba Najib told the News} {Euphrates on Sunday that "the final accounts of the previous years will be presented the Minister of Finance during this month and will be follow-up mechanism of the Iraqi government in the process of disbursement of funds to the budget in 2012 after approval in the House of Representatives."
She added that "the Finance Committee recommended to the Minister of Finance the need to send files to speed up the budget to the House of Representatives of Iraq for the previous year and to report accurately on the aspects of the previous budgets, disbursement of funds."
She pointed out that "the Finance Committee has a lot of observations on the delayed send the final accounts for the budget in 2011."
The value of the 2012 budget approved by the government in December last $ 100 billion, and a deficit of up to $ 13.5 billion, and focused on the energy sector and the oil phase of the first, and then the security sector, and then the education sector, education and health.
The Government has adopted the Iraqi oil price basis and expects $ 85 through the differences in oil prices that cover more than $ 10 billion deficit.
And imposes a financial budget to Iraqi ministries and government bodies to provide financial Khovatha in the first quarter of the year following the budget year. According to the Iraqi Council of Representatives, it had not seen the final accounts since 2005 until now, government blames for not submitting the final accounts prior to the unstable conditions experienced by the country.
And carried the Ministry of Finance earlier in the ministries and government bodies responsible for non-submission of financial statements for the budgets of the years 2008, 2009 and 2010 due to the unjustified neglect in the provision of final accounts for the financial expenses. / End.
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Sunday, February 12, 2012 15:55
Baghdad {: News} Euphrates confirmed the parliamentary Finance Committee recommended it, Finance Minister Rafie al-Issawi submission of final accounts for the years past month.
Said committee member Najiba Najib told the News} {Euphrates on Sunday that "the final accounts of the previous years will be presented the Minister of Finance during this month and will be follow-up mechanism of the Iraqi government in the process of disbursement of funds to the budget in 2012 after approval in the House of Representatives."
She added that "the Finance Committee recommended to the Minister of Finance the need to send files to speed up the budget to the House of Representatives of Iraq for the previous year and to report accurately on the aspects of the previous budgets, disbursement of funds."
She pointed out that "the Finance Committee has a lot of observations on the delayed send the final accounts for the budget in 2011."
The value of the 2012 budget approved by the government in December last $ 100 billion, and a deficit of up to $ 13.5 billion, and focused on the energy sector and the oil phase of the first, and then the security sector, and then the education sector, education and health.
The Government has adopted the Iraqi oil price basis and expects $ 85 through the differences in oil prices that cover more than $ 10 billion deficit.
And imposes a financial budget to Iraqi ministries and government bodies to provide financial Khovatha in the first quarter of the year following the budget year. According to the Iraqi Council of Representatives, it had not seen the final accounts since 2005 until now, government blames for not submitting the final accounts prior to the unstable conditions experienced by the country.
And carried the Ministry of Finance earlier in the ministries and government bodies responsible for non-submission of financial statements for the budgets of the years 2008, 2009 and 2010 due to the unjustified neglect in the provision of final accounts for the financial expenses. / End.
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