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Parliament criticizes the wording of the supplementary budget
On: Friday 3/8/2012 5:29
Baghdad / term
member of the Finance Committee criticized Hussain Yasiri, the supplementary budget, noting that they were formulated in a manner inconsistent with the nature of the Financial Administration Act which provides for the ask when the occurrence of an emergency in the country.
Yasiri said, according to (Olokulhalabaria news): The Financial Management Law No. (95) for the year (2004) confirmed that the supplementary budget are formulated in the event of deterioration in the economic situation of the country, explaining that the amendment of the paragraphs of the budget (2012) by the House of Representatives passed put the supplementary budget when you get financial surplus in the revenues from oil.
He added that this made the members of the House of Representatives Anctron into two parts, one goes to the non-enactment of the supplementary budget and considers it an offense, the other sees the need for legislation because the budget recommended to do so.
He noted that the legislation during the current period is necessary because the the general budget when placed under the price of a barrel of oil at (85) dollars was a barrel of oil sold at (111) dollars, while now began oil prices headed for a fall because of the economic crisis international, raising fears of not getting a financial surplus in the second half of the year current due to lower oil prices or may cause problems in the process of production and export of Iraqi oil.
He continued that the supplementary budget free of the distribution project (25%) of the fiscal surplus to the people who provided for in the general budget, which angered some lawmakers and will drive them not to vote, adding that the government justified this, saying that the fiscal surplus will be distributed to the people not in cash but in the form of projects providing services to citizens as projects of electric power or infrastructure.
and the government passed the supplementary budget for 2012, the current amount up to about (11) trillion Iraqi dinars will be delivered to the House of Representatives for approval, including the allocation of (40) thousand degrees and careers as a need within the immediate supplementary budget.
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