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Block ': Parliament will convene its meetings after a 14 month reaching fiscal balance
Saturday, 03 November 2012 17: 28
{Baghdad: Euphrates News} ' Parliamentary Bloc announced the arrival of financial budget to the House of representatives requires continuing legislative term pending approval.
Bloc MP Hassoun Al-Fatlawi told {Euphrates News} said Saturday that "the rules of procedure of Parliament confirms postponement of parliamentary recess that there were holiday and extend the legislative term if it agrees with the arrival of financial budget to the House and continue to work pending the adoption of the budget and finish them."
The Presidency of the Chamber of Deputies had earlier announced the extension of one month to the legislative term on 14 November, where it was supposed to end on October 14, but it was extended to 14 this month because of laws task awaits its legislation, notably the financial budget law.
It is hoped that the financial budget up to Congress prior to 14 this month, so that the rules don't allow for Parliament adjourn and end the legislative term but to approve financial budget.
Parliamentary sources had confirmed the arrival of budget 2013 to the Parliament after Eid al-Adha, adding that the Cabinet has tested and was thoroughly discussed by the Ministry of finance to assess the need for the State to all areas.
The House will take part, to discuss fiscal budget after Access adds a set of amendments and points to ensure broader and bigger and better usefulness.
The Cabinet had earlier approved the budget for 2013 worth 138 trillion dinars {were 118.6 billion dollars} based on the price of oil at $ 90 and exports unexpectedly when 2.9 million barrels per day, and the inability of some 18.8 trillion dinars {16.17 billion dollars}.
The deficit will be covered from funds tapped from the budget of the 2012 or Iraq Development Fund account in the Federal Reserve Bank New York branch or local bonds or unexpected surplus resulting from rising crude prices.
55 trillion budget includes JD {47.29 billion dollars} to investment projects.
The General Federal budget takes a long time each year until it is approved by the House, causing disabling most projects, specialists argue that this gives the first pretext to companies implementing projects in disruption or delays, which reflected negatively on services.
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Saturday, 03 November 2012 17: 28
{Baghdad: Euphrates News} ' Parliamentary Bloc announced the arrival of financial budget to the House of representatives requires continuing legislative term pending approval.
Bloc MP Hassoun Al-Fatlawi told {Euphrates News} said Saturday that "the rules of procedure of Parliament confirms postponement of parliamentary recess that there were holiday and extend the legislative term if it agrees with the arrival of financial budget to the House and continue to work pending the adoption of the budget and finish them."
The Presidency of the Chamber of Deputies had earlier announced the extension of one month to the legislative term on 14 November, where it was supposed to end on October 14, but it was extended to 14 this month because of laws task awaits its legislation, notably the financial budget law.
It is hoped that the financial budget up to Congress prior to 14 this month, so that the rules don't allow for Parliament adjourn and end the legislative term but to approve financial budget.
Parliamentary sources had confirmed the arrival of budget 2013 to the Parliament after Eid al-Adha, adding that the Cabinet has tested and was thoroughly discussed by the Ministry of finance to assess the need for the State to all areas.
The House will take part, to discuss fiscal budget after Access adds a set of amendments and points to ensure broader and bigger and better usefulness.
The Cabinet had earlier approved the budget for 2013 worth 138 trillion dinars {were 118.6 billion dollars} based on the price of oil at $ 90 and exports unexpectedly when 2.9 million barrels per day, and the inability of some 18.8 trillion dinars {16.17 billion dollars}.
The deficit will be covered from funds tapped from the budget of the 2012 or Iraq Development Fund account in the Federal Reserve Bank New York branch or local bonds or unexpected surplus resulting from rising crude prices.
55 trillion budget includes JD {47.29 billion dollars} to investment projects.
The General Federal budget takes a long time each year until it is approved by the House, causing disabling most projects, specialists argue that this gives the first pretext to companies implementing projects in disruption or delays, which reflected negatively on services.
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