During the lecture economic hosted by the center «morning»
BAGHDAD - morning
warned economic expert, Dr. appearance of Mohammed Saleh of failure to approve the budget for the year 2014, stressing stopped all new projects in the provinces. came during the launch of the center of the morning for Strategic Studies new season for the second half of the year 2014 with a lecture economic progress by Saleh and tagged with (the general budget and the challenges) explained the stages of establishing budgets enlightened experiences universal in this regard. expert stressed that the budget is an important basis for the stability of the country being designed to allocate resources for development and the achievement of social justice and dedicate economic stability to Iraq. ruled in favor of approving the the budget of the current parliament, stressing the impossibility of implementing all the investment projects included in the bill. called expert to fortify the balance of external shocks, since each budget in the world there are risks that fall in revenue makes it imperative to take precautions by finding Systems flexible within the budget itself, If what happened recession and decreased growth rates are to go to borrow from the money markets, a move that my time is called the installer dynamic. As regards the issue of deletion of zeros, Saleh stressedthe need to adopt this step, despite being left out to achieve this in the current stage, because it is associated with the stability of the political situation in country. said in a statement to the representative of the "morning" Tariq al-Araji: "The deletion of zeros from the currency will contribute to raising the competencies of cash payments in the country and helps to provide classes high cash and reduces the numbers, in addition to the supplied reform process arithmetic.
extensive details ...
began Center "morning" for Strategic Studies new season for the second half of the year 2014 with a lecture economic progress by economic expert, Dr. appearance of Mohammed Saleh and tagged with (the general budget and the challenges) explained the stages of establishing budgets enlightened experiences universal in this regard.
has stressed the economic expert Dr appearance of Mohammed Saleh that Budget basis is important for the stability of the country being designed to allocate resources for development and the achievement of social justice and dedicate economic stability to Iraq.
between the lecture and the existence of a clear difference between the budget and the budget, as the budget, an estimate of the revenues and expenditures begin in a certain period of the year and actually achieved from the provision of services and public goods., and either the budget is what has already been achieved from that budget through the implementation of the plans of his income and expenses represented accounts closing.
explained that the services or goods of public (government) can not be carried out by the private sector such as construction of dams and the establishment of the army, police and other things and services that can not be any party other than the government carried out in reference to the increasing role of government in the economic fabric of the new response to allegations scalable role in economic activity.
pointed out that the budget is the core of the financial policy of the country which represents the sum of the means and procedures adopted by the Ministry of Finance on behalf of the government influence in public expenditures and public revenues in order to achieve three goals summed up in the allocation of resources for development and the achievement of social justice through redistribution of income segments of society properly and achieve economic stability by reducing inflation and the stability of cash income to the public. external shocks and stressed the importance that barricaded the budget external shocks as per budget in the world there are risks that fall in revenues is imperative to take precautions by finding Systems flexible within the budget itself If what happened recession and decreased growth rates are to go to borrow from the money markets, a move that my time is called the installer dynamic. bumper financial and in Iraq's budget are supported bumper Finance by predicting world oil prices by the unit in the International Monetary Fund cooperates with the Ministry of Finance in determining the budget on the price of a barrel of oil is less than its real-world markets, any sense of the price of default prevents the budget damage to oil price fluctuations on the public budget for Iraq. final accounts and called on Saleh to audit the final accounts for the previous years, where an estimated 77 trillion dinars spent advances drawn without allocations, stressing at the same time the necessity of approving the budget for the current year the adoption of the final accounts for 2013 as long as they are ready and incomplete. types of budgets and between that there are three types of budgets of public Every first countries designed to balance the deficit and the second is designed to tie (equal to the income and expenditure) and final designs on the surplus which is the case in all the Gulf countries. continued: the budget was designed on the inability of default and end the surplus comes from the difference in price oil prices assumed the budget law for the real price in global markets, and it is often higher than prices assumed, indicating that helps to cover the surplus for the budget deficit lack of implementation of development projects within the plans prepared for this purpose. felt the benefit of the tax system in Iraq needs to be reconsidered, stressing the importance of the adoption of the new tax includes a large segment of the public and in amounts less does not significantly affect the incomes of individuals. national market and pointed to the country's need for a national market helps create solutions to economic problems, pointing out that the oil commodity sovereign national must contribute to support economic activities and not be one of the reasons the complexity of the problems within the country , which requires work to create economic culture is going in this direction stems about the results of working to achieve sustainable development., and stressed the importance of that issue five-year plan by law to be binding and enforced by those in charge of the joints of the executive work in the various ministries, and got a change in the departments of these ministries. Pointing to the need to work to make the final accounts for government departments and ministries, all before the law was passed the general federal budget, noting that the final account is an important part of the governance budget, either lending from the budget, it is as dangerous as he is an upheaval in the transparency of the budget, according to Saleh. Pointed out It's all in the budget, there are risks indicate by economists who are working to determine prudential measures that reduce those risks, and this is a window that is working on the budget immunized against any potential imbalances. He warned in favor of that duplication in the financial budget being lead to the dismantling of the country's unity, pointing to the importance of adopting strategies prepared by the experts of Economy and Finance in order to avoid the difficulties which the budget of shocks in the coming years, drawing on the experiences of countries able to navigate its economy to the ranks of developed nations by economists. and repeat the favor to say that the budget three main objectives achieved through the allocation of resources for economic development in the country as well as to achieve justice and to achieve economic stability and reducing inflation and thus fortify the operations of recession and that will reflect negatively on all aspects of social life, including the service and especially economic.
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