Finance: $ 150 billion surplus the previous budgets were spent without the knowledge of state institutions
Parliamentary Finance: $ 150 billion surplus the previous budgets were spent without the knowledge of state institutions
Tuesday, January 13, 2015 16:57
BAGHDAD / Baghdadi Uz..akdt the parliamentary finance committee, said Tuesday that more than $ 150 billion surplus the previous budgets were spent without the knowledge of the state institutions, as pointed out that the money wasted in the absence was enough to fill the budget deficit this year.
The committee member said Masood Haider Rustam in an interview / Baghdadi News / “The surplus federal budgets from 2004 to 2012 reached 185 trillion dinars (more than $ 150 billion),” noting that “the money spent without the presence of allocations from the government for the manner of expenditure and without the knowledge of state institutions, and regulatory authorities of the parliament. ”
“The money has been spent in this way, confirms that many of the processes of corruption got,” pointing out that “the projected fiscal deficit in the current year’s budget, it was possible to eliminate it, in the absence of this huge waste of money.”
He indicated that the Finance Minister Hoshyar Zebari said earlier that the fiscal deficit in the current year’s budget will reach 25 trillion dinars, while noting that the deficit is likely to rise in the event of continued low oil prices in the global market. Ended 21 / j
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