Financial plans to tackle inflation and promote opportunities for sustainable stability
Financial plans to tackle inflation and promote opportunities for sustainable stability
08/01/2014
BAGHDAD / JD / .. hinted to the Finance Committee and there are plans to address the inflation rates to promote opportunities for sustainable stability and aimed at promoting economic growth.
Said committee member Abdul Hussein al-Yasiri told the reporter / JD / rates to reduce inflation has reached 2.9 percent in 2010, but he returned to rise to 6.5 percent in 2011.
He said he arrived to 7.5 percent in 2013, adding this percentage acceptable in light of the adoption of an expansionary policy of public spending.
The Finance Committee of the House of Representatives has revealed the low efficiency of the implementation of public expenditure in the federal budget and private investment spending, while stressed the need to exploit the opportunities spending.
A member of the Committee secretary Hadi in an earlier statement to the reporter / JD /: that there is impairment in the implementation of public expenditure in the federal budget, making the annual deficit in the federal budget and apparently missed opportunities to spend real.
Hadi stressed the need to raise the efficiency of the implementation of public expenditure and exploit opportunities for spending in the coming years.
The government has announced the formation of a committee to reconsider the budget classification, while confirming that the two-pronged setting budget (operating and investment) is not true and does not produce correct exits.
The Secretary General of the Council of Ministers Ali Mohsen Keywords in an earlier statement to Agence / JD / put the two-pronged balancing is not true and does not produce correct exits, indicating that the ration card and the purchase of medicines and foreign debt are included in the operational and this is not true.
He explained: that the budget classification in this way make the expenditure is not actually operational or investment, revealing the formation of a committee to re-examine this tab.
He continued: Today, according to the philosophy of the new state is not supposed to take over the state economic activity or investment in the abstract sense, but its regulatory and a service, adding that the government is seeking to budget classification according to the cost of the public administrations of the State and budget services and infrastructure in order to join in with the philosophy of the state and see how the State to carry out its duties.
He said: must distinguish between the cost of administration in the Ministry of Health as a department and the cost of doctors and nurses any slides that provide service to the citizen directly, noting that more money is spent on administration.
The government had announced that “the investment budget will amount to 55 trillion Iraqi dinars, as will the operating budget 83 trillion dinars, which were distributed among the institutions, ministries and state bodies all terms will be distributed to public expenditure in accordance with the ratio of the population after excluding allocations Center Federal Ministry and sovereign expenditure”. / End / 23 /
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