Iraqi Finance renewed downloaded the responsibility of ministries ...

Baghdad, January 16 (Rn) ? renewed the Federal Ministry of Finance, on Monday, confirmed that the ministries and agencies and the provinces are responsible for the delay in the preparation of final accounts for the financial budgets since 2004 to 2009.

And declared the House of Representatives this week that he has received the final accounts of the Ministry of Finance for the 2010 budget only.

A spokesman for the ministry Zaid Zamel told the Kurdish news agency (Rn), that ?There is a problem in the final accounts of the budgets of the years since 2004 until 2009 due to the lack of complete information on aspects of the disbursement of budgets by the provinces and ministries,? noting that ?the Ministry of Finance is a University for bills of exchange. ?

He explained that ?the Ministry of Planning and Finance is unable to prepare the final accounts for any budget unless progress ministries and provinces complete information documented aspects of exchange funds granted to them,? pointing out that ?all final accounts go from the Ministry of Finance to the Office of Financial Supervision for the purpose of the audit and then to the House of Representatives for the purpose of authentication. ?

And imposes a financial budget to Iraqi ministries and government bodies to provide financial Khovatha in the first quarter of next year following the budget year.

According to the Iraqi Council of Representatives, it had not seen the final accounts since 2004 until now. Government attributes the non-submission of the final accounts prior to the unstable conditions experienced by the country.

The Iraqi government has approved in its emergency meeting on the fifth of last month?s budget in 2012 which amount to 100 billion dollars (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars).

The Iraqi Government has adopted the price of oil to the base rate of $ 85 on the export of up to 2.6 million barrels of oil and expect by the differences in oil prices that cover more than $ 10 billion deficit.

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Source: http://thecurrencynewshound.com/2012/01/16/iraqi-finance-renewed-downloaded-the-responsibility-of-ministries-and-provinces-delayed-the-preparation-of-final-accounts/

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