Inspector of Finance: the launch of the Implementing Regulations of the federal budget

26
Feb
26 Feb 2015 In IRAQ Comments Off on Inspector of Finance: the launch of the Implementing Regulations of the federal budget
2/26/2015 0:00
BAGHDAD – Tariq al-Araji
Launched the ministries of finance and planning instructions and implementation of the federal budget of the Republic of Iraq for the year / 2015
the second section which included instructions and implementation of the federal budget for the year
He stressed that the provision of liquidity will be from through the imposition of taxes and fees through the activation of the tariff
2/26/2015 0:00
 BAGHDAD – Tariq al-Araji
Launched the ministries of finance and planning instructions and implementation of the federal budget of the Republic of Iraq for the year / 2015 after being placed in the general framework of the strategy required by the current stage and confirmed most of the approved financial allocations in the budget to take advantage of the employment of energies in order to continue the cultural building sophisticated Iraqi society.
The included instructions prepared in accordance with the provisions of the federal budget Law No. (2) for the year / 2015 in its segment first necessary to coordinate ministries and departments is related to the Ministry and provincial councils and offices of inspectors general validity of the controls in the use of approved allocations in the budget, while the second section which included instructions and implementation of the federal budget for the year / 2015 and included Sections III and IV Angels and instructions and powers of the implementation of capital project expenditures (investment) for the year / 2015.
She stressed the two ministries to comply fully with what is stated in this instruction in the public interest and to avoid trespassing on public money and thus exposure to legal accountability.
The inspector general of the ministry Maher Hussein Rashid in an interview with “morning” that the ability of the Ministry of Finance to pay the salaries of employees and retirees.
And between Rasheed said the ministry held a lengthy meeting chaired by Finance Minister Hoshyar Zebari in the presence of officials and stakeholders from the financial and bankers to find solutions and alternatives and treatments effective to fill the shortfall in the budget, explaining that one of the solutions to resort to buying hawala bonds in times that require this solution because the hawala bonds benefits Besides government banks do not download an additional burden being shouldered the burden of some of the issues related to self-finance companies own Cabinet decision last firing dues especially.
He stressed that the provision of liquidity will be through the imposition of taxes and fees through the activation of the tariff in order to bridge the deficit, they returned the budget planning and no realistic being affected by fluctuations in the economic market and revenue, whether oil or other revenues, and expressed hope that the ministry develop effective treatments for that matter.
He said the inspector general of the Ministry of Finance that the budget provided for the compulsory savings, which is subject to the instructions and regulations issued by the Council of Ministers, who said he still has not issued the checks and therefore the frequent talk about premature, noting that the ministry pending the cabinet puts controls and instructions relating to savings compulsory Being one of the paragraphs in the budget, stressing that employees’ salaries is a red line that can not be untouchable.
He disclosed that the value of the amounts that had been stolen “Daash” guerrilla terrorist of the Rafidain and Rasheed, after tottering on the provinces of Nineveh and Salahuddin, Anbar, Diyala, exceeded 200 billion dinars, noting that the ministry has completed the investigation into the theft of Rafidain Bank and approved by the Minister of Finance, as the competent Rasheed Bank in the process of achievement.
He also noted that this topic observer by the Integrity Commission and the General Secretariat of the Council of Ministers and the Prime Minister’s Office and the security stakeholders.
Rashid counting Finance large Ministry of banking and tax sectors, retirement, customs and other departments which is in contact directly with citizens, the cast on the office very big tasks, and is therefore the most important concerns simplification of procedures related to citizen service, and in line with the orientations of administrative reform adopted by the state in order to reduce actions of all the joints of the ministry as a service.
He noted that the most important criteria for the part of 2015 year plan centered development of integrated and solid data to Real Estate State base, indicating that there was a doubt to be some of the properties the state is marked in the Ministry of Finance records, which requires presentation of several proposals the fact that work in the Real Estate State saves bush prevention before investigation and therefore there are several proposals were approved by the Minister and submitted to the higher authorities within the recommendations of the blessed Integrity Commission which was considered part of the evaluation of the performance of the Inspector General.
He went Inspector General of Finance that the ministry and after the completion of inventory real estate operations of the State will develop specific controls on the most important of the allocation of land for investment, adding that the ministry simplifies topics related to investment to be Iraq’s ground unsuitable for investors in order to promote the reality service in it, pointing to the existence of a high coordination with the investment entities body relevant in this direction.
He said the ministry stressed the need to activate the tax settling accounts, especially with the companies and the private sector and the winning actors, and the fight against tax evasion through a package of measures, stressing that the customs directorates less vulnerable to corruption of border crossings.

 

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