Related articles .. link .. Links - Iraq's Development Fund ...
Monday, February 20, 2012
The decision of the House of Representatives commends the abolition of paragraph [25] from 2012 budget
Political analyst Ahmed praised the White House's decision to revoke paragraph [25] of the draft budget law for fiscal 2012 and on the public debt of the Development Fund for Iraq.
He said White told all of Iraq [where] said Sunday that "the House of Representatives move to cancel this paragraph of the financial budget, which is an important achievement in the protection of funds of the Iraqi people."
He added that "there is a committee formed to investigate the facts under the leadership of Ahmed Chalabi, who was tasked with following up the issue of public debt of the Development Fund for Iraq In 2003, the Fund was known as [PDF], which established in 1996 under the Memorandum of Understanding between the former regime and the United Nations."
He said White was "after U.S. troops entered the country was in the Fund in up to [22] billion dollars seized by the United States as an occupying force at the time of the civil administrator of Iraq [Paul Bremer] was spent in the custody of about twenty billion dollars and left them only two billion dollars in the Fund. "
And that "At the time of the Iraqi interim government, Iyad Allawi, which Risha became managing the Development Fund for Iraq under the mandate of this government and the method of exchange is through the signing of the Prime Minister or the Minister of Finance to withdraw money from Almjulan this fund."
And indulge White said: "Since 2004 to 2011 the successive governments to withdraw amounts do not have a provision in the financial budgets for these years and of course this is contrary to the Law of Administration for state funds No. 95 of 2004, which prevent the payment of any amount has no allocations in the budgets, financial and held accountable by law and up to prison sentence. "
He pointed out that "the current government in the budget of 2011 gave authority to the ministers of finance and planning to settle and extinguish this debt, and even that Chalabi called it an instrument of the forgiveness of the corrupt against squatters on public money, while recommended for fact-finding committee not to settle this debt, but are relayed this issue until the adoption of the budget and then be decided until the BSA noted this recommendation. "
He said White, "The cancellation of the paragraph concerning the budget in 2012 came after the detection Chalabi this matter, and after finding out members of the House of Representatives question asked of the Presidency of the Parliament to delete this paragraph and which have already been so," revealing "to form a new committee is working to review all accounts that has been spent outside the budget over the past years, estimated at approximately more than 20 billion dollars due to the lack of final accounts for it. "
The meeting of First Deputy Chairman of the House of Representatives Qusay al-Suhail, who held on Sunday with the heads and members of committees of financial, economic, legal, oil and gas resulted in the repeal of Article 25 of the financial budget of the state in 2012 and the audit institutions of the state a month and a
Strict controls for projects where the payment on credit and the addition of a paragraph in the budget relating to audit the accounts of financial institutions of the State by the House of Representatives and on a monthly basis and that the instructions are sent after the budget vote them to the provinces during the week.
link
CURRENT ECONOMIC AND POLITICAL NEWS EVENTS: BRINGING OUR WORLD (EAST AND WEST) CLOSER TOGETHER TO FORM A GLOBAL SOCIETY ~ LOOK FOR GLOBAL CURRENCY NEWS AND UPDATES ON GLOBAL AND REGIONAL CURRENCIES: ASIAN, MIDDLE EAST, LATIN AMERICA, EMERGING MARKETS, ALONG WITH THE EURO AND THE U.S. DOLLAR ...
Tuesday, February 21, 2012
Iraq's Development Fund ~ The decision of the House of Representatives commends the abolition of paragraph [25] from 2012 budget
Labels:
iraq budget 2012,
Iraq's Development Fund