ILLNESS Abadi health postpones budget .. and proposes to cancel the impact of the financial deficit of billions

by **Ponee** Sun Oct 12, 2014 10:41 am

ILLNESS Abadi health postpones budget .. and proposes to cancel the impact of the financial deficit of billions

2014-10-12

Said Minister of Science and Technology that the illness "simple" struck with Prime Minister Haider al-Abadi and postponed an extraordinary meeting was scheduled to take place on Saturday, indicating that the large deficit facing the state billions of dollars under a surprise, because the draft budget law drafted by the government of Nouri al-Maliki involved exaggerations on oil revenues expected, and were filled with financial commitments heavy paid executive authority to request a review of decades of arming and military obligations, at the time said the Finance Committee competent, that the Ministry of Finance proposes a "Cancel the budget" and limited to basic expenses and the granting of Kurdistan advance four billion dollars, and the transfer of the remaining obligations to the public next.

The parliamentary committee competent revealed before the feast, the government of Nouri al-Maliki spent every amount derived from oil revenues for the seven months the first of this year, although it did not pay the amounts of petrodollars to Basra and the rest of the producing provinces, also did not pay the budget of Kurdistan, as well as other expenses parked in the provinces However, that fell Daash, which indicates a significant increase in spending, and not calculated to quotas provinces remained the task of waiting for the launch of its funds or the salaries of its employees.

In a statement to the "long" detect and Science and Technology Minister Fares Jeju, the Cabinet instructed the Ministry of Finance to reconsider contracts armament and military agreements, for reducing its budget and address the deficit, and stressed that the budget speculative ranging between 130 to 120 billion dollars. "

The Council of Ministers decided on 30 September last formation of a technical committee headed by the Ministry of Finance and the membership of the ministries of oil, planning and the central bank and the General Secretariat of the Council of Ministers to discuss the problems of the budget.

The Minister of Science and Technology Knight Jeju in a statement to the "long" that the Council of Ministers decided to postpone its meeting scheduled for Saturday through Tuesday, because of a "health scare suffered by the Prime Minister Haider al-Abadi, which was devoted to the discussion of the federal budget for 2014 and its problems."

Jeju minister continued that "the ministerial committee tasked to review the draft general budget bill will work during the next few days to modify some of the numbers that take excessive budget", stressing that "there are some issues will be carried over to the 2015 budget until the end of them."

And on the numbers that Finance Ministry plans to make adjustments by the minister pointed out, that "some of the details of the budget include contracts for the purchase of weapons and agreements have been allocated large sums of money and large put in the budget speculative by the previous government, which will be reviewed by the Committee of Ministers and the Ministry of Finance."

He stressed that "these figures are not convincing the Council of Ministers and require reconsideration in order to provide funds to the state treasury to ease the burden on the public budget and converted into other directions."

Jeju confirmed that "the share of the Kurdistan region from the federal budget were included, amounting to 18 trillion which is 17% of the total size of the budget."

He added that "the region's share (17%) include the investment and operational budget for 2014, including the salaries of the staff of Kurdistan have been stalled since last February."

As for the projected shortfall in the budget year 2014, the minister answered that there is a large deficit and frightening in the current year budget and on this basis called the Council of Ministers and the Ministry of Finance Petrhik budget by amending the contracts and agreements. "

He pointed out that "the budget speculative in 2014, according to data from the Ministry of the recent financial and submitted to the Council of Ministers of between 120 to 130 billion dollars," pointing out that "budgets speculative depend on the quantities produced and exported from the oil as well as other revenues that go into the state treasury."
He noted that "the actual budget is different from being a speculative subject to the conditions experienced by the country, as well as the deterioration of security established by the previous government was not within the budget that speculative spotted him big money."
On the other hand showed a member of the Interim Committee Najiba Najib that "the Prime Minister connects pay the salaries of the staff of the Kurdistan issue of solving the problems of oil between Baghdad and Erbil, which requires several meetings to resolve these differences."

She said Najib told the "term" that "differences on the budget is not solved between the KRG and the federal government," pointing out that there are "meetings held between the parties to resolve the crisis in order to pass the budget bill."

Regarding the return of Kurds minister predicted the Kurdistan Alliance MP that "the Kurds will perform Minister sworn in on meetings of the Council of Representatives during the current week."
For his part, between a member of the Finance Committee Faleh sari that "among the proposals submitted by the Ministry of Finance to the Cabinet she wishes not to the enactment of the budget for the remainder of the year."

He said in effect that "the recommendations of the Ministry of Finance, which provided a week before the government recommends against the enactment of the general budget and proceed with disbursement of the dues necessary and basic file regarding the armament and to compensate the displaced as well as providing an advance of $ 4 billion for the Kurdistan region."

And that "the recommendations of the Ministry of Finance submitted to the Council of Ministers, provides for the transfer of reconstruction projects and investment and the petro-dollar budget to the year 2015." source