Friday, February 3, 2012

Vice chest: fiscal policy in Iraq, a volatile because of political differences

February 3, 2012 15:51

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MP for the Liberal bloc of the Sadrist movement Jawad Jubouri economic policy in the country as "volatile and unstable due to differences between the political blocs and that accompany the adoption of the budget in every year."

Jubouri said in a statement to all of Iraq [where] on Friday that "fiscal policy in Iraq, a turbulent and unstable because of the differences between the political blocs and T associated with adoption of the budget each year for distribution to the provinces," explaining that "the Parliament to give priority to projects are needed the country for the advancement of the actual economic reality. "

He added that "the financial resources in Iraq and a variety of different views and the great but what happens is confusion in the adoption of the budget funds are transferred to impact one way or another to the Parliament then distributed to the relevant authorities to be paid on completion of service projects"

Jubouri and that "the government approval of monetary policy and the development of long-term Asttratejah to organize the budget disbursement and activating the supervisory role and the organization of courses in economic culture within organizations and reduce the waste of public money and put an end to administrative corruption."

The last week has seen reading the draft general budget of the country in 2012 amid calls for the necessary doors should pay some of the budget and leave the doors of the budget is necessary.

The Iraqi government has approved in early December last budget in 2012 amounted to a total value of $ 100 billion, the largest budget in the history of Iraq.

The percentage of funds allocated for investment projects in the budget, 35%, while the rest of the acquired operating budget, particularly on the remaining ones.

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