Member of the Economic Commission: Iraq possesses no clear f

[Stillw8n]

Member of the Economic Commission: Iraq possesses no clear financial policy .. The budget does not meet the ambitious

23/01/2012 PM

Criticized by the Economic Commission for MP / National Alliance / Abdul Hussein Resan budget this year because they do not meet the ambitious and suffers from many problems, pointing at the same time that Iraq did not have a clear financial policy for the financial Tsieramorh in the state.

The Resan in a press statement on Monday: that the general budget, is still in a classic and traditional, ie it is by the junior staff do not have the experience and competence in this area, stressing that they depend only on adding specific percentages of the financial allocations ignoring the modern methods used in the world in the process of preparing the state budget.

He pointed to: that the budget has proved to the paragraphs of the consecutive years that any of the Ministry has not implemented the proportion (75%) of the allocations of Finance should be the House of Representatives to withdraw the confidence of the Minister, pointing out that most of the ministries have not been implemented, both (30%) of the percentage allocations of financial in the past year has not been held accountable.

A member of the Economic Commission representative: that Iraq lacks the financial policy of good and clear and no one knows what is the policy of Iraq’s financial, noting that most countries have policies of short-term and long-term and serve their people but Iraq.

The Iraqi Finance Minister Rafie al-Issawi said in the eighth month of December of last year, in a press conference that the total Iraqi budget for 2012 has reached 117 trillion dinars, indicating, that the share of the operational budget for 2012 reached 80 trillion dinars, compared to 37 trillion dinars investment budget, and by the inability of 14 trillion dinars, which represents 10 percent of gross domestic product and 12 percent of the total budget.

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