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Ministry of Finance began to lend to the government to pay the salaries of staff
04/16/2014
BAGHDAD / JD / .. warned the parliamentary Finance Committee, the occurrence of a cash crisis in the country as a result of a failure to approve the budget, as revealed by the Ministry of Finance to lend to the government to pay the salaries of the staff.
Said committee member Rep. Dler Abdelkader told / JD /: "The delay in approving the budget for 2014 will affect the overall economic situation in the country, both in terms of higher inflation or increase the price of the dollar against the dinar or stop the wheel of development."
He added: "The Ministry of Finance began to lend the government money to walk matters of state until the adoption of the budget, and that means that the government will focus on paydays institutions and government departments will not be concerned with investment projects and development, and this will affect the wheel of development in the country."
He said: "Although the political problems and the intransigence of the blocks for not approving the budget, but it is the way the formulation of the general budget each year wrong, focusing on operational expenditures without investment, thereby increasing its fiscal deficit true and therefore, in the event of failure to address the deficit problem will lead to the occurrence of large cash crisis in the country. "
The budget in 2014 still did not see the light until now because of the political problems and the failure of some of the blocks of the audience to Jdzisat Parliament voting on them. / Finished / 8 /
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04/16/2014
BAGHDAD / JD / .. warned the parliamentary Finance Committee, the occurrence of a cash crisis in the country as a result of a failure to approve the budget, as revealed by the Ministry of Finance to lend to the government to pay the salaries of the staff.
Said committee member Rep. Dler Abdelkader told / JD /: "The delay in approving the budget for 2014 will affect the overall economic situation in the country, both in terms of higher inflation or increase the price of the dollar against the dinar or stop the wheel of development."
He added: "The Ministry of Finance began to lend the government money to walk matters of state until the adoption of the budget, and that means that the government will focus on paydays institutions and government departments will not be concerned with investment projects and development, and this will affect the wheel of development in the country."
He said: "Although the political problems and the intransigence of the blocks for not approving the budget, but it is the way the formulation of the general budget each year wrong, focusing on operational expenditures without investment, thereby increasing its fiscal deficit true and therefore, in the event of failure to address the deficit problem will lead to the occurrence of large cash crisis in the country. "
The budget in 2014 still did not see the light until now because of the political problems and the failure of some of the blocks of the audience to Jdzisat Parliament voting on them. / Finished / 8 /
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