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Economic for / NINA / Appeal of the provisions of the budget and its late approval will negatively affect the Iraqi economy DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Economic for / NINA / Appeal of the provisions of the budget and its late approval will negatively affect the Iraqi economy

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Economic for / NINA / Appeal of the provisions of the budget and its late approval will negatively affect the Iraqi economy Empty Economic for / NINA / Appeal of the provisions of the budget and its late approval will negatively affect the Iraqi economy

Post by RamblerNash Fri Apr 23, 2021 11:26 am

Friday 23, April 2021 09:46
 
Baghdad / NINA / The specialist in economic affairs, Ali Jabbar Al-Freiji, confirmed that the government’s objection to the budget clauses and the delay in approving them and implementing them will negatively affect the Iraqi economy.

Al-Freiji said in a statement to the Iraqi National News Agency / NINA / that "the 2021 budget was not less fortunate than previous budgets with chaos and turmoil, not to mention the absence of economic goals and strategies in budget preparation and how to deal with and build it, as it took unconstitutional and legal paths, including: delay in approving it." Significantly, by the government and parliament, and exceeding the time periods, indicating that the Parliamentary Committee took more than its role in dealing with the 2021 budget, as it committed violations through amendments, addition, and changes in the budget paragraphs and worked hard with mistakes.

He indicated that the correct course is to return to the government to review the proposals for amendments submitted by Parliament to return them to it for approval, "but it came out of Parliament with its approval, and the Presidency of the Republic approved it without a correct economic review or questioning the government, which is responsible for implementing its opinion or objections, indicating that the unrest In the articles and paragraphs of the 2021 budget and the intention of the government that prepared the budget mainly to submit it to appeals, it indicates that the budget was manipulated with an uneconomic thought and the additions were the efforts of the Parliamentary Committee.

He continued: "Adding to this chaos is the intention of some political blocs to present appeals against other paragraphs and articles in The same budget, and thus the general budget is one of the most turbulent budgets in the world and its distancing from construction and successful economic investment for the future of the country, and it is dealt with on the principle of distributing grants, gifts and negative disbursements.

He pointed out that "the budget represents the government's economic thought in how to manage the financial revenues and economic construction of state institutions and others during a fiscal year, which ends with final accounts explaining the reasons for the success or failure of the budget preparations adopted by the government and is being held accountable for it. This thought is not applicable at all in Iraq."

He explained that "the process of appealing the budget paragraphs means we are waiting for the decisions of the Federal Court that will assign a specialized team to consider these appeals. This means delaying the work of the contested articles that are also related to the budget - and this delay is added to the four months of the fiscal year 2021 by which the government and parliament passed the budget approval," In the sense of other administrative and economic chaos.

He continued: Everyone did not understand the negative effects that the delay and disruption of budget preparation creates is not internal, but the volume of negative reports recorded by the global economic and financial institutions, including the International Monetary Fund, the World Bank, and the donor countries of loans on the continuing disturbances in the approval of the Iraqi budget as well as the perception of these reports is one of the big negatives It is that the budget is manipulated by the power of political and not economic thought, and this is another and bigger catastrophe. / End 8
 

https://ninanews.com/Website/News/Details?key=900662
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