years prior to the approval of the budget in 2012

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Iraqi parliament is required to submit final accounts for the years prior to the approval of the budget in 2012
04/02/2012 12:30

Baghdad, February 4 (Rn) - According to the Finance Committee representative said on Saturday that the Iraqi parliament will approve the budget in 2012 only after the send accounts for the years (2004-2010). said committee member Najiba Najib told the Kurdish news agency (Rn) today "The House of Representatives agreed not to pass the budget only after the Iraqi government's progress accounts of the years between (2004-2010) has told the government an official letter on this matter face to the Office of the Prime Minister." and "The House of Representatives, according to the Constitution was to brief the mechanisms of exchange previous budgets and the process of implementation of large projects and the extent of support to development projects. " She Najib as saying he was "not up to the House of Representatives any file of the final accounts for previous years, and we send a formal letter to the government to justify the reasons for delay in the final accounts for the past years." The value of budget in 2012 approved by the government last Monday $ 100 billion, and a deficit of up to $ 13.5 billion, and focused on the energy sector and the oil phase of the first, and then the security sector, and then the education sector, education and health. The Government has adopted the Iraqi oil price basis of $ 85, and expect, from through differences in the price of oil, to cover more than $ 10 billion deficit. and imposes a financial budget to Iraqi ministries and government bodies to provide financial Khovatha in the first quarter of next year following the budget year. According to the Iraqi Council of Representatives, it had not seen the final accounts since 2005 until now, and attributes the government for not submitting the final accounts prior to the unstable conditions experienced by the country. and carried the Ministry of Finance earlier in the ministries and government bodies responsible for non-submission of financial statements for the budget years 2008 and 2009 and 2010 because of the unjustified neglect in the provision of final accounts for the financial expenses. From: Jafar Allonan, RN and fulfillment Zangana

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