Publishes the report: the parliamentary finance committee on the budget in 2015

Publishes the report:  the parliamentary finance committee on the budget in 2015

Wednesday, 07 January 2 / January 2015 18:58

[Baghdad-where]

Published by all of Iraq [where] the parliamentary finance committee report on the federal budget for fiscal 2015, which was read today in the parliament session.

According to a report on several topics, including the constraints of work, namely:

1. The late arrival of the budget to parliament 75 days from the date legislatively in 10/10 of each year have been repeated delays and the case of non-compliance Baltokiet stipulated time legislatively.

2. did not provide the final account to meet the provisions of Article 62 / I of the Iraqi constitution.

3. The lack of detailed data to the terms of the budget and the lack of many of the requirements of Law No. 95/2004 financial management of documents that must accompany the annual draft budget law provides.

4. The lack of data on actual spending for the implementation of the budget and the closing of the previous years.

5. The lack of data on existing cash, represented by cash budget.

6. Council of Ministers did not provide a clear picture of what was officially taken on the fiscal year 2014 expenses did not witness the draft budget any reference to that law.

7. due to lack of detailed data and comparison should include budget, which was able to identify the government program and intends to accomplish the project, all contributed to weaken the oversight role of the Council, particularly financial Allganh.

And the challenges facing the draft budget for 2015 and described the report as “critical challenges,” including:

1 – the lack of sources of funding because of what the world is witnessing the Mtgierat accelerated in crude oil prices downward and the accompanying Ankhvlad production and export of Iraqi oil rates and Klzl that reflected negatively on the revenues derived from oil sales is clear and its impact on low budget revenues, which should look for other alternatives enable the state to continue the implementation of programs and plans.

2. growing spending what Algscri prepared by the State of programs to fight terrorism.

3. The emergence of new aspects of spending because of the war against terrorism and the migration of displaced families and exposed areas to control terrorism.

The report of the Finance Committee budget bill data and oil revenues were 84 trillion and 267 billion dinars problem for 84.4% of the total budget, while other revenues amounted to 15 Trallona and 535 billion dinars problem rate of 15.6%.

The report pointed out that “the budget price of the premise is built on the basis of a US $ 60 average price per barrel on the export of 3.3 rate of one million barrels per day, including 250 000 barrels per day of production province Cardstano 300 000 barrels per day of production of Kirkuk,” pointing out that “oil revenues remains a percentage the top of the structure of the draft budget revenue components which reached 84.6%. ”

And overhead parliamentary Finance Committee has indicated that it amounted to 80 trillion dinars as expenditure Gary and represents 63.9% of the budget, either investment spending 45.2 trillion dinars by 36.1% trillion dinars, out of 125.2 trillion dinars total budget. ”

And the 2015 budget deficit report pointed out that “with a 25.4 trillion dinars, and attributed to the total budget of 20.3 trillion dinars.”

He pointed to the contribution of the sources of funding for the budget ratios where oil revenues recorded the highest among the rest of the resources by 67.3%, while other revenue was 12.4%

And on the proposed loans as sources of financing of the budget amounted to 17.7%, and assets retained 2.6% while the report did not calculate the fees and the new tax rate.

And on the most important programs and expenditures adopted budget, the report noted that it was distributed to the burden of loans and internal benefits, including the Foreign worth more than 3.7 trillion dinars, “pointing out that” it was not accompanied with the budget’s debts and obligations of the Iraq report project based on Section 4 / paragraph 15 of the Financial Management Act This situation is repeated annually non-compliance.

The security and defense file was his largest share of these expenses and form nearly ratio 25.2% of the total budget as valued 31.5 trillion dinars have been allocated to the Ministry of Defence 15 trillion and 270 billion dinars, and the Interior Ministry 14 trillion and 710 billion dinars, and the National Security Council 29.4 billion dinars and the National Intelligence Service 27.9 billion dinars and the Directorate of disarmament and merging of militias 385.4 billion dinars, and the expenses of the popular crowd trillion and 179 billion dinars.

And went on the report of the Finance Committee in the said aspects of expenditure development regions and provinces and the program of the petro-dollar, where the amount adopted a rate of $ 2 was distributed to the provinces the amount of 8.1 trillion dinars, equivalent to $ 1 and listed the equivalent of the second dollar within a table and be cashed at Thakqq increase in oil revenues. ”

“The budget that is made in the following year above $ 3 for the remaining share of each province Lloyd hold Altsoaat and audited by the BSA.”

The report pointed to the existence of “a financial impact of the powers where the draft budget law contains the texts of materials gives the Council of Ministers or the Minister of Finance the implementation of state programs following the financial future of which was to determine the amounts and which remains in for too open and which are the debts of the form” Fajss $ 5 billion as a lump validity for the purpose of infrastructure and 500 billion dinars projects for the purpose of reconstruction of areas devastated by terrorism deferred for the second half of the year and is conditional on verification of abundance in revenue fund. ”

He added, “it was to authorize the authority to make guarantees an interview to the Export and Import Bank – USA [buy planes] without specifying the bail amount and the allocation of $ 12 billion to cover the dues of oil companies,” referring to “lock of $ 3 remaining on the provincial share without specifying the validity amount.”

And went on the parliamentary financial report mentioned programs and expenditures adopted budget included a “public sector companies,” pointing out that “Article 29 of the Budget Law of the Ministry of Finance continues to bear the burden of securing the salaries and expenses and other ongoing public companies in achieving the losses, which had a negative impact on the liquidity of banks government should be the government to take action to end this problem. ”

He also “the public treasury shares of common corporate profits amounted to 3.2 trillion dinars and that the profits of oil companies derived from the Ministry of Oil to sell crude oil at a subsidized price of $ one per barrel.”

“The aspects of expenditure in the budget also included dues / licensing rounds oil investment companies that the budget did not explain any data on the size of the benefits of oil investment companies only what has been included from the authority to make the public treasury transfers and a maximum of $ 12 billion in Article 34 of the draft budget law “.

He said the “investment expenditures field showed the amount of 14 trillion dinars in the budget of the Ministry of Oil and believe it is for the same purpose.”

The report continued, “the central bank has made it clear tables on the quantities of exported oil and oil volumes without having to prove in front of the price because they represent in payment in kind for the service contracts, the subject raises the question Is this falls within the authority of the Ministry of Oil?”.

He pointed out that “the budget included one trillion dinars amount Relief 400 000 families within the budget of the Ministry of Displacement and Migration Project.”

He said that “the reconstruction of the devastated areas Fund was part of the expenses and allocated a 500 billion dinars under Article 28 of the draft budget law to be sources of funding [fund] of international grants and aid,” adding that “the said article had omitted to mention the law that regulates how management of this fund did not explain the practice of conducting its activity period. ”

The report pointed out that “one of the aspects of expenditure in the budget, stamp duty to support the displaced who spoke on Article 29 of the draft budget law for granting authority to the Minister of Finance to issue stamp allocates the proceeds going to support the displaced levied from citizens about their review of government departments,” noting that the above-mentioned article, “did not specify rate stamp will be issued, or is it multiple categories Sairh. ”

On the most important features of the budget in 2015, said a report of the Finance Committee in Parliament that “the pressure of spending and adopt a policy of austerity is the main feature of which dominated the curriculum schematic of the budget bill and through ordinances and texts and tables painted budget parameters analysis was reached it the burden of the budget, where he planned to mandate domestic borrowing and external, which will increase the burden on the public treasury for the coming years, and bear the present generation and future generations a heavy burden. ”

The report added that “the justification for resorting to this technique [borrowing] is one of the strongest challenges to the budget, a drop in oil prices by 50% as well as the destruction of the export potential across the Mediterranean via Turkey as a result of terrorism.”

He also said “some provisions of the draft law texts were described by the absence of legislative and oversight role of the House of Representatives as the powers and authorizations and approvals granted starting without allowing him to express his vision in the protection of public money, including that can offer him the details at the request of the legislation.”

Finance and drew it to the parliamentary “I did not find in the budget, reflecting the government program, which was read to the House of Representatives when the government granted trust whereby” .anthy

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