Economic Parliament : Top 2014 budget in the history of Iraq

12/30/2013 0:00

Delayed approval of the draft law harms the development process
BAGHDAD - Farah pumice
Revealed the parliamentary Economic Committee about the general budget in 2014 is the highest in the history of Iraq compared to predecessors . Despite the improvement in the proportion of the budget of the investment , but that the committee promised " non- responsive to the ambition " , while confirming the existence of a good increase in the operational budget . Committee felt that the delayed approval will affect the implementation of service projects and investment , as well as the late arrival of their desired revenue , and thus cause a delay in the process of economic development .

Services to the community

Committee member Amer winner said "morning ": that " next year's budget in 2014 as the rest of the years that preceded it , the exposure to the political pressure ," calling on all political blocs to overcome their differences , especially that it ( the budget ) in the interest of the country and society and provides services for the Iraqi people " .

Economic damage

He added that it was not up to the House of Representatives so far to be studied and discussed, because of the reasons for the delay differences on oil exports , indicating that it will lead to a delay in the arrival of assignments and the money to the sources assigned to them , including the ministries , provinces and institutions that cause damage to economic losses .
Higher wages

And saw at the same time it will lead to delays in service projects that provide services to citizens , as well as delays in investment projects that are in the interest of investment and the development of the Iraqi economy , and thus lead to higher wages for manpower and rising prices of raw materials and delay the arrival of imports desired projects .
He also noted the winner of the operational budget for 2014, a very high proportion of the investment budget , in spite of improvement ( investment ) for the year 2013 but it is still not responsive to the aspirations and inadequate, and thus recorded ( operational ) index bidder budgets of previous years . Noted that the budget year 2014 was estimated 174 trillion and 649 billion dinars , which included an increase from the previous one in 2013 by more than 36 trillion dinars. as for the increase in the public budget allocations for the coming years , especially investment ones, expect a member of the Committee that the House of Representatives would bring proposals to the Economic Committee of Ministers , for not having the powers in financial matters , but it has the right to Ador money from one section to another within it.

National Investment

He pointed out that it is possible to refer plans developed projects within budget to the national or foreign investment , and so investors are implemented without assigning any state financial effort , especially that most of the projects implemented extends for several years , which ensures the quality and speed of completion of projects .
The Cabinet recently decided to resolve the bill of the state budget for the year 2014 after the completion of the talks with the delegation of the Kurdistan region during a period of a week .


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