Economists: The delayed adoption of the budget will stop working with hundreds of projects"

2/13/2014 0:00
Economists: The delayed adoption of the budget will stop working with hundreds of projects"

BAGHDAD – Farah pumice warned specialists in economic affairs of the repercussions of the delay in approving the budget for the year 2014 by the House of Representatives, Marjaheen stop the work of hundreds of service projects, and might cripple the economic activity in the country.

come these warnings at the time continued to the House of Representatives to postpone reading the budget bill amid appeals government to expedite the pass to initiate the implementation of projects and the provision of financial liquidity to meet the obligations of both internal and external.

financial allocations Economist Dr. Ali Anbure considered that the delay in approving the budget adversely affect the lives of Iraqi citizens in all provinces, because it leads to a delay in the delivery of assignments related to state institutions,

no ministries and local governments, and thus delay the implementation of service projects that are referred to contractors and companies to improve the quality of services.

He added, "morning" to delay (the budget) will also lead to disruption of the conduct of the business of daily government institutions, including the import of medicines and ration card items and print textbooks in a timely manner and the process of building the schools, meaning it affects all aspects of life.

crisis annual passes Iraq annually crisis approving the budget, the public, because of the delayed preparation and adoption system doors and not targets, as well as being subject to the accounts and political conflicts, he says.

also noted Anbure to be affected first is the ordinary citizen, especially as it will affect the functioning of the movement of the currency and affect as well as in the cash market,


in addition to the All sectors of private and public associated with the conduct of the business of daily government institutions through the process of contracts and projects affected by the delay in approving the budget in terms that most of the projects stop pending approval, leading to stop the movement of the national economy.

was Prime Minister Nuri al-Maliki had demanded last week, members of the House of Representatives that pay attention to the need to speed up the ratification of the federal budget, expressing concern at the continuing debate over the budget,

if not ratified it will continue exchange rate (one dozen) This means that anything important laws will for Einfz, pleading with them to ratify quickly on the budget and responding to the needs of people and the implementation of laws enacted. international obligations either in Maitalq obligations of Iraq’s international,

the expert it may be affected in the joints of certain occur breach of Iraq’s obligations International, what is difficult for investors access to the Iraqi market, particularly in relation to contractual with the Iraqi government.

The current year budget 170 Trliuna and 411 billion dinars after it was 163 Trliuna and 416 billion dinars, after the cabinet’s decision to amend the amount allocated to projects oil-producing provinces.

factor of time for his part praised the economic researcher Naji Hussein that the implementation of the annual plans or five-year affected by a factor of time, as the case in countries the world that deal with their annual budgets and projects of economic reform that provide services to its citizens linked by a factor of time.

dependent state institutions, both ministries and provinces dues annual financial observed her in the general budget of the country, according to Hussein, especially that Iraq carried out a lot of projects, so it needs to recognizes the budget before the end of the year in line with the rest of the countries that take steps to successful economic.

explained researcher for "morning", said the delay in approving affect the country’s economy by delaying service projects and infrastructure projects, all affecting the completion rate of annual for these projects, and the proportions of the implementation of the annual plans and plans Five.




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