Parliamentary economy: the government will be held accountable legally at their disposal Balahtiat cash
Parliamentary economy: the government will be held accountable legally at their disposal Balahtiat cash
25/03/2014
BAGHDAD / JD / .. Commission threatened the economy and investment representative, the federal government held them accountable when legally use Balahtiat cash in hard currency with the central bank to bridge the budget deficit.
Said committee member Rep. Nora told Albjara / JD /: “The use of the federal government looming sovereign balance located in the Central Bank of hard currency to meet the budget deficit is expected to be significant during this year.”
She added: “The government will be held accountable legally at their disposal Balahtiat cash in hard currency because it is against the law, the fact that the balance of the reserve is a sovereign state that can be used in emergency circumstances and not in the budget.
The Head of the parliamentary Finance Committee Haider Abadi, has revealed a few days ago, that the financial reserves of Iraq amounted to a close, attributing the cause to the adoption of the federal government disbursement of funds in accordance with the defaults that the Kurdistan region of Iraq exported oil export and money belonging to the Federal Fund.
Ebadi said in a statement to some media “Iraq two years ago spent funds based on hypothetical that the Kurdistan region exported oil and gives the share of 17% of the financial budget, revealing that” the government’s Reserve came to an end now, because the government acted him two years ago, and now the Ministry of Finance faces difficulty in providing the salaries of some of the ministries of the Iraqi state.
Before more than a month, the International Monetary Fund said that the Iraqi government if it goes forward in the implementation of the spending plans for the year 2014, they will be recorded inflation record and drain the country’s reserves of hard currency. / End / 8 /
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