Source: Council of Ministers does not discuss in its budget bill today
Source: Council of Ministers does not discuss in its budget bill today
Tuesday, October 28 / Okrudolf 28, 2014 09:24
[Baghdad-where]
A source familiar with “The Cabinet does not discuss in its meeting on Tuesday a draft budget for fiscal 2014 Act,” he said.
The source told all of Iraq [where] that “the Council does not discuss the budget for non-completion of the special ministerial committee to re-prioritize their work.”
He is scheduled to hold a Council of Ministers today its usual.
The special ministerial committee to re-prioritize the federal budget for 2014 at its meeting yesterday stressed Monday the need to reduce non-core expenditures in ministries and state bodies allocations and pressure on costs as much as possible to avoid the aggravation of the financial crisis and liquidity. ”
The Committee also discussed “a number of options available to the government to finance the deficit from a number of sources available for the remaining period of the fiscal year.”
He was a member of the parliamentary finance committee Faleh applicable ruled out the possibility approval of the draft budget law for 2014.
The sari’s [where] “of the difficulty very well might there be for the 2014 budget for several reasons, the most important of the size of the low fiscal revenue from oil imports to Iraq to stop Kirkuk and the Kurdistan region’s exports, in addition to the drop in world oil prices, and thus the actual income generated obtained by the public treasury of the State A few do not meet the preparation of the budget law, because the law means a commitment accompanied by payment of the amounts operations ”
He pointed out that “the preparation of the budget for 2014 as the economy bounces and the Iraqi state will enter into the reality of a cash crisis can not be borne by the public purse and there will be a very large fiscal deficit” .hsp Colh.anthy 2.
alliraqnews.com
