90% of the investment allocations for the previous year's budget was restored to the state

03/12/2014



BAGHDAD / JD / .. Commission criticized the economy and investment representative, Statistics announced by the Ministry of Planning regarding the exchange ratio of the budget in 2013, confirmed that more than 90% of the investment budget allocations returned to the state.

Said committee member Rep. Nora Albjara Agency / JD /: "The statistics of the Ministry of Planning regarding the proportions of disbursements budget in 2013 is inaccurate, as announced that the rate of exchange of the investment budget amounted to more than (50%), while the previous year's budget approved in March Srvyatea was launched in the month of June. "

She added that most of the provinces and ministries can not spend the amount allocated to it in the general budget in the implementation of their investment projects, which led to a return of more than 90% of the money allocated for capital spending to the state was recycled to the budget in 2014.

She pointed out: that the budget in 2014 will take a long time to launch Srvyatea to the provinces and ministries, perhaps at the end of next June, in the event of approval during the month, this indicator shows that the percentage of completion of the budget for the current year will be less than (50%).

The Ministry of Planning announced that the exchange rate of the investment budget for last year has exceeded half.


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