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Projects, payment on credit as the weight of the shoulders of the general budget
2012-04-01 01/04/2012
A member of the Economic Commission Abdul-Abbas Xiaa and Alliance MP Aloutnaan the formation of a subcommittee made up of parliamentary committees concerned to study and to activate the law of payment on credit for the purpose of submission to the House of Representatives for a vote, stressing that the project does not overburden from the shoulders of the state that Iraq is about to increase its revenues financial accruing from oil . .
A broadly in a statement: It has been the formation of a subcommittee made up of some members of parliamentary committees of the three relevant financial, economic, investment, services and ages to follow and study a bill payment on credit, the fact that the project includes the aspect of financial and investment services to the citizen, and then will report to the Presidency of the Council of Representatives for the purpose of the second reading of the project and then voting on it . .
For his part, suggested a member of the Committee of Economy and investment representative and the representative of the coalition in Iraq Qusay Fri redeploy some of the important projects of the ministries instead of working projects, payment on credit, being a burden the public budget . .
He said that Iraq does not need to work on credit, that the financial budget of each year have not been implemented, including whether (60%), while the Iraqi ministries did not happen either (40%) of the allocations of Finance, which led to the recovery of (20) billion dollars to the treasury State in the previous year's budget . .
He added, should be redeployment of the important projects of the ministries and the cancellation of projects that are not necessary within Tejesatha of Finance, instead of load balancing a lot of money through the payment on credit, noting that the country does not require projects to establish a method of payment on credit that balanced the financial hit (100) billion, and this is the largest budget in the history of Iraq and the region surrounding it, but needs to increase financial allocations for the investment budget, for the advancement of all sectors of the economy . .
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