***** Finance Committee: We need 30 days to approve the federal budget

Published on Tuesday, 11 March / March 2014 08:56



BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - confirmed the parliamentary Finance Committee, on Tuesday, that the approval of the draft budget, need about 30 days of the start of the project to read the first reading in the House of Representatives, provided that meetings will be held normally.



A member of the Committee for a mighty waterfall (IMN) "The first reading of the draft budget and the second reading and open discussion and receive notes and included in the draft budget and the completion of the preparation of the final report of the project requires 30 days."



He added: "The Council is able to vote on the draft budget in a specified period before the end of its current session, provided that the meetings will be held on a regular basis."

He continued that "the Finance Committee will not enter any suggestions or amendments to the budget bill in the paragraphs on the export of oil from the Kurdistan region and would accept the House of Representatives to conduct transfers between the sections or reduced budget to reduce the fiscal deficit."

The Presidency of the Council of Representatives decided to include a bill the federal budget on the agenda for the meeting next Sunday.

And announced the Kurdistan Alliance bloc officially not attend the hearing and non-participation in the adoption of the federal budget.


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Trillion and 175 billion budget to Baghdad in 2014


Published on Tuesday, 11 March / March 2014 10:27



BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Baghdad Provincial Council said today that the 2014 budget amounted to one trillion and 157 billion dinars, indicating that the funds will be spent on ongoing projects in the province.



Said council member Taha's defense (IMN) "The Council and the local government agreed that the budget is spent in 2014 on projects to non-Closed in 2012 and 2013."



He explained that "the amounts that will be spent on these projects amounting to one trillion and 157 billion dollars within the budget in 2014."



He pointed out that "the Council and the local government are developing a new mechanism through which the disbursement of funds, according to the priority of each project."



And gave the province of Baghdad beginning in 2013 lagging companies one year to implement conservation projects.



It is noteworthy that many international companies specialized in many areas visited the province at different intervals to search for investment opportunities there.


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