Sunday, September 16, 2012

Finance Committee expresses its surprise government from sending supplementary budget

16/09/2012 08:51

Baghdad, September 16 / September (Rn) - The Finance Committee of the House of Representatives, Sunday she was surprised to send supplementary government budget back to the House of Representatives after rejection, indicating that the current year's budget law sets priorities exchange without the need for approval of the House of Representatives.

The House of Representatives rejected in principle supplementary budget bill and return it to the government to amend it and act in accordance with what is stated in Article 23 of the Code of Federal budget.

Said committee member Najiba Najib told the Kurdish news agency (Rn) that "the House of Representatives rejected the supplementary budget when sent, according to the federal budget law, the House of Representatives is supposed upon ratification of the supplementary budget within one month of sent by the government and not the council that."

She said Najib that "the budget attributed to the government, which has legal cover for the exchange of the supplementary budget in accordance with Article 23 of the federal budget without the need to authenticate the House of Representatives," indicating that "exchange will be checked several points contained in Article 23 of the federal budget."

The Iraqi cabinet has approved a supplementary budget in the (3/7/2012) for the year 2012 the total amount of 10.875 trillion dinars.

Article 23 first federal budget law to that "the Council of Ministers to submit a supplemental budget to the House of Representatives, and in case you can not bit the House bill within 30 days of receipt of the bill Vlcil Minister added allocations to the federal budget by paragraph II of this article" .

The Second of Article 23 of the Budget Law to it "to the Federal Cabinet add allocations to the federal budget for the year / 2012 when achieve an increase in revenues from exports of crude oil exported through the first six months of this year, taking into account the calculated share of the Kurdistan region by (17 %) after covering the deficit and excluding expenses and sovereign ruling that found ".