Economic for / NINA / Appeal of the provisions of the budget and its late approval will negatively affect the Iraqi economy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Economic for / NINA / Appeal of the provisions of the budget and its late approval will negatively affect the Iraqi economy
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
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
RamblerNash- GURU HUNTER
- Posts : 24064
Join date : 2015-02-19

» Economic specialist for / NINA /: Lowering the exchange rate of the dinar will negatively affect the national currency and the Iraqi citizen
» Economist to / NINA /: The emergence of large corruption files in economic sectors will negatively affect the banking sector
» Economist to / Nina /: The increase in expenditures will negatively affect the end of the financial deficit
» Economist to / NINA /: The rise in the price of the dollar will negatively affect the average citizen only
» MP: Delay in endorsing State Budget reflected negatively on Iraqi economy
» Economist to / NINA /: The emergence of large corruption files in economic sectors will negatively affect the banking sector
» Economist to / Nina /: The increase in expenditures will negatively affect the end of the financial deficit
» Economist to / NINA /: The rise in the price of the dollar will negatively affect the average citizen only
» MP: Delay in endorsing State Budget reflected negatively on Iraqi economy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad
» CBI sold +3$ billion in forex in May
» Finance agrees with the World Bank to help Iraq by activating the General Authority for Taxes
» Central Bank Governor: The Iraqi banking sector is witnessing development and openness to the outside
» The Central Bank prevents Visa and Master card holders from giving them to any party