Reconsider assignments affect the level of services

8/31/2014 0:00

After the announcement by the Minister of Finance vacancy budget deficit in 2014

Baghdad - Mostafa Hashemi - the joy of pumice


In time in which the Minister of Finance and agency purity of net debt, the lack of a fiscal deficit in the budget of 2014, looks economists in Iraq to be the budget year 2015 budget ideal guide expenses because she was also - according to the net - for this year reflected on the proportion of the deficit because it built on the actual figures, and revenue and expenditure figures were Hakiqih.moisna plans

  Economists are demanding not to be balancing the budget next year, but a political consensus must be balancing strategic plans or programs prepared by the ministries and implemented by the Ministry of Finance after approval by Parliament and approved by the Council of Ministers to seek citizen reflection effects on the level of services and the economy of the family.

 In this context called for economic researcher Suhad virgins to reconsider the themes of financial allocations to ministries and local governments and allocation process, pointing to the importance of the development of banking systems and the restructuring of state banks and Trchigaha of the case sag stricken years ago as well as the need for a real desire to those who are at the center of decision for change and the transition to a new stage to keep up with global development in all economic fields.

It said in a statement (morning) that the absence of compatibility between customization and plans in the budgets of previous years has had a significant impact in a rift between fiscal policy and development plans which impacted negatively on the economic life of the country and citizens alike.

Stabilizing

It showed the importance of the stability of the situation in general and its effects in a large economy, noting that the turbulence baffle organizing budget properly and cause many problems, mainly the tyranny of the operating budget on investment.

They pointed out that Iraq and years ago he suffered a clear flaw in the preparation of the budget because of the large debt and compensation, which are deducted from the proceeds of oil has led to the construction of the budgets of distorted and incomplete coordination as well as political pressures exerted to be passed and implemented assignments operational rather than an investment.

 Athari confirmed the importance of benefiting from past mistakes and avoid them in the budget of 2015 and employ the appropriate allocations for the development of the productive sectors, especially the industrial ones to reduce the size of the money that goes to import what can be produced locally from private and government sectors.

Control projects

The economic expert, Dr. Majid picture called earlier to the application of the Financial Administration Act and the public debt issued in 2005, and what specifically emphasizing the link budget, development plans and submit final accounts, in addition to the imposition of censorship on the projects that are approved.

  And between the (morning) the importance of finding a fundamental base of legislation to develop the private sector of the importance of its role in economic development and effectiveness in the success of the five-year plans, explaining the need to study the issue of restructuring the public sector.

The Ministry of Planning was launched in September of last year, five-year development plan for the years 2013 - 2017 which is expected to check the next Five-Year Plan greater success than its predecessor.

Spending policy

In turn, said economic expert harmful Sbahi told (morning) that one of the important factors that contribute to the issuance of a solid budget covering all sectors in the country, as well as approval in a timely manner, which is spending policy, which must be in accordance with the approved financial controls, without any exceptions and justification, and be in accordance with the policy of the budget and in the timings of time and within what is planned, and a commitment to the time periods for the preparation of the budget and approval (as stipulated in the financial Administration Act and the public Debt) .fima pointed to the main disadvantages of budget planning of weakness ratios financial implementation of investment projects since the past 2004 to 2013 does not exceed 63 percent of the best conditions, but he will continue planning a large budget deficit, in addition to continuing the development of the largest financial allocations to the provinces that can not afford spending within the government controls because of red tape and inefficiency due to expenditure management.

The implications of a failure to approve the budget

Either on the implications of a failure to approve the federal budget for the current year 2014 has seen the economic expert harmful Sbahi it has deprived the economy and the Iraqi family and her children from students of financial grants that have been approved at the end of last year and which will hopefully begin to distribute beginning of the month of October next.

"If we assume that the average number of students per family is 4, the average financial returns that were deprived in the Iraqi family of 140 000 dinars (assuming that the number of students 3 primary and 1 secondary education namely that the family receives 90 000 dinars year 2014 and 140 000 dinars 2015), especially since this reduces the amount of the school dropout rate, as well as reduces the rates of the families that are below the poverty line.

And still the budget for fiscal 2014, are contained within the main agenda for the House of Representatives, and waiting for them to vote in the next term.


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