Financial Control: Final accounts for 2015-2018 will be completed next year

by **claud39** on Mon Aug 26, 2019 7:27 am

Financial Control: Final accounts for 2015-2018 will be completed next year

26/08/2019

Economy News - Baghdad

The Audit Bureau announced that the year 2020 will witness the completion of the final accounts for the years 2015-2018, pointing to the near completion of an integrated budget statistics from 2003 to 2018 and what was actually spent on projects and not what has been allocated.

The head of the bureau said in an interview carried by the official newspaper "morning" and seen by "Economy News", "The bureau succeeded in auditing the final accounts of the financial budgets for the years 2005-2013 and has been referred to the House of Representatives in full, which in turn approved it."

He attributed the delay in auditing the budget year 2014, to two reasons, " the first legal due to thelack of a law to it by the House of Representatives to now and therefore the Bureau can not issue areport on the final account of the budget law was not issued. Abizaid said the second reason technician, the fact that bodies or The expenditure units did not send all their accounts to the Ministry of Finance for the purpose of consolidation because the final account is a consolidation account and therefore the Ministry of Finance delayed closing the final account and submitting it to the SAI more than once.

He added that `` the SAI, however, has recently succeeded in preparing the final account report for 2014 and has been discussed with the Ministry of Finance and will now be discussed by the Board of Supreme Audit Council and then sent to the Council of Ministers for review and comments.

Regarding the mechanism of overcoming the problem of approving the budget law in a timely manner, the President of the Court disclosed that "a consultation is directed to overcome this problem. Transmitting it to the House of Representatives. "

He continued that `` there is a discussion with the Parliamentary Finance Committee months before it reaches the formula of the budget law in 2014 and ratified and then the final account arrives in the sense of approving the budget law in a simplified form and then the final account, ie, in parallel time are ratified. ''

He stressed that "the Office and after exceeding the problem of the final account for 2014 will complete the budget for 2015 the end of the current year and the budgets of the years 2016 to 2018 in 2020," noting that "the problem of delayed audit of the final accounts of the budgets, is an unhealthy phenomenon in terms of monitoring and approval, and that the account For the next year, it should be close to the next year's budget period, and therefore the Council of Representatives, the Council of Ministers and even the Ministry of Finance can prepare the budget for a subsequent year close to the balance sheet. Ge. "

The chairman of the Bureau for "near the submission of statistics allocated to projects expenditure in the financial budgets for the years 2005 to 2018 in which statistics on the investment budget and current salaries, loans and projects stating what actually spent and not what has been allocated to the current budget and pensions and the proportion of investment projects that have already been funded analyzes The percentage of achievement is any statistic at the state level.

He pointed out that "this statistic is useful and will also address loans that were not clear to the public such as the size and types and types, which was paid at the level of governorates, local governments and petrodollar funds, where spent and how they were distributed," confirming the completion of this statistics weekly.

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