Iraq will lose more than 5 billion dollars a month in the case of late budget
Iraq will lose more than 5 billion dollars a month in the case of late budget
15/01/2014
BAGHDAD / JD / .. Expect a member of the Committee on Economy and Investment Mura’bi MP Hussein, the vote on the federal budget for the year 2014 in the House of Representatives in April next, noting that Iraq will lose more than 5 billion dollars a month in the event of delay in approving the budget.
He Mura’bi Agency / JD /: “We have economic calculations in the event of a failure to approve the general budget time within Stqaibd country significant financial losses estimated at more than 5 billion dollars a month, due to the delay the wheel of development, services and infrastructure, and that percentage varies depending on the size and the magnitude of the general budget” .
He added that the delay in approving the budget will also affect the work of the House of Representatives through the disruption of its oversight role, which has the right to monitor the work of the ministries and hold negligent ministers, which, according to the philosophy of the new economic, “said the ministry that the percentage of completion of exchange financial allocations less than (75%) is the sacking of the minister, “but now can not sack any minister or hold him accountable because of the delay in approving the budget and launch a public exchange.
The Minister of Planning Ali Shukri announced in October last ending the draft federal budget for Iraq for the current year 2014, which will amount to 147 billion U.S. dollars, noting that the ministry submitted the draft to the cabinet for approval. / End / 8 /
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