Specialists : the budget implementation plans require court

1/28/2014 0:00

Calculate the price of $ 90 an internationally accepted
BAGHDAD - Hussein al-Tamimi Tgb

Budget is the main focus of the production and service sectors in all countries of the world , where the subject is addressed by both sides to get the budget revenues and spending mechanisms manner that achieves the economic viability of the country. General Manager of the Bank of Mesopotamia Mundhiri Abdul-Hussein said that this year's budget is the largest historically provided where necessary allocations for current expenditure and investment , as current expenditures amounted to up to 99 trillion dinars , they either investment of up to 63 trillion dinars . The latter is considerable and will be fruitful if it was spent in accordance with the plans of the court.


Price of a barrel


He added Mundhiri in an interview ( morning) saying : When Aalatlaa the budget bill note that the adoption of the price of a barrel of oil of $ 90 per barrel Saeb and conservative and rate of export of 3.4 million barrels per day, this may be the appreciation optimistic somewhat , because the indicators for production and marketing mode and the reality of oil supply in the global market does not help we export more than three million barrels per day at best . He said that the preparation of the budget deficit of 14 percent is reasonable , although it is contrary to the directives of the International Monetary Fund because the completion rate expected for the investment plan will not exceed 6070 percent average total As in previous years here and will not exceed the deficit ratio mentioned . This underperformance must stand with him and the government, the parliament and the hard-line stance because it causes obstruction and waste development opportunities in a time of reconstruction of infrastructure does not meet the needs of the community and became a development is essential.

 Create jobs


He continued , saying that the implementation of investment projects contributing to absorb and create jobs for the large numbers of the workforce of the hands of skilled labor and unskilled in all parts of Iraq , because the projects are distributed among all the provinces and the lag in the implementation of investment projects, exacerbating the problem of unemployment in the country in addition to the market slump of raw materials the goods involved in the construction.


Formation of a committee


He demanded that the Mundhiri be ministries and provincial level of responsibility and prepare for the implementation of investment plans they have set and approved by the Ministry of Planning and then as prime minister . We propose here that form a committee of competent experts from the Office of Financial Supervision and the Ministry of Planning and Economic Committee of the Council of Ministers and the Departments of Budget and Accounting in the Ministry of Finance to monitor the performance of the implementation of the investment plans of the ministries and provinces and to provide monthly reports on the level and size of the performance to the Council of Ministers and the Presidency of the parliament in order to overcome obstacles to the implementation plans.
 Member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri said (morning) : that the budget financial plan submitted by the State through channeled through Parliament , and include both sides, revenue -dependent rate of 93 percent on revenues of crude oil and expenses , which consists of two aspects of investment and operating expenses .


Supplier base budget


He pointed out that the budget passes through three stages , the preparation and approval of stalled during the last period due to the presence of requests blocs of political and then arrived at the parliament is supposed to read in Parliament and the Finance Committee . And calculate the price of 90 dollars per barrel of crude oil , which represents the resource base of the budget noted Yasiri that it is normal and we believe that if less than this price would have been better to hedge , pointing to the existence of states are conservative on the price, pointing to consult with other international specialists before adopting this price in the Security Council , and the United Nations expressed its satisfaction for this price .


Diversity of revenue


And the diversity of the budget revenues , said : that the multiplicity of financial resources is extremely important , as has the country's agricultural sector can be activated to serve the country's economy , adding that the agricultural initiative has achieved positive results and was able to provide more than 50 percent , which the country needs from grains of wheat and this is evidence the sector is moving in the right direction , as this sector is always oil .
Either on behalf of Jamil Antoine has pointed out that the estimate price of a barrel of oil Headquarters in the budget is an order reasonable through past experience , stressing that the extrapolations future oil prices do not fear them from falling prices . , And pointed out that the questions that are raised Can Iraq to maintain the level of export oil exceeds 3 million barrels per day ? What about the system of export and complementarity ? Indicating the importance that we have the infrastructure and the quality of integrated maintain the stability ratios export crude oil through the ports and transmission lines of different directions .


Create efficiencies


He pointed out that the amendment of some paragraphs of the budget and reduced the proportion of the deficit to 23 Trliuna is reasonable adjustments in the light of the prices and quantities of exports possible , stressing the importance of creating efficiencies and expertise in all the provinces are able to implement the requirements of the budget , especially as the implementation rate in some provinces of contact to 50 percent because of and weaknesses in Allku completion and implementation of projects in addition to weak oversight , as should be the role of the House of Representatives are more effective in the implementation of budgets and activation of its oversight role .
He stressed the importance of working to create other outlets of income over budget by activating the productive sectors which have the ability to raise budget revenues , including industrial and agricultural sector and tourism as well as services , especially as these sectors are working to address many of the problems that bedevil the process of economic development .


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