Chalabi: allocations to pay debts of the Ministry of Commerce is not sufficient

Chalabi: allocations to pay debts of the Ministry of Commerce is not sufficient

21/02/2011 17:44

Baghdad, February 21 (Rn) - A deputy from the National Alliance, the House of Representatives of Iraq, on Monday, that the accounts of the Ministry of Commerce open in banks in addition to the amounts borrowed more than $ 2.5 billion. Indicating that the benefits the ministry of the public budget allocated to debt repayment is sufficient.

He said Ahmad Chalabi, told the Kurdish news agency (Rn) "is not clear in the federal budget for the current year and how the Ministry of Commerce will pay those debts and loans, Valm_khassat granted for payment of debts is adequate within the Ministry's budget for the current year."

He called Chalabi "The Ministry of Finance to clarify how to repay the debt owed as a timely and responsible for cash withdrawals."

And between Chalabi said, "The Minister of Finance (Rafie al-Issawi) revealed that there already accumulated on the ministry more than $ 28 trillion Iraqi dinars." Referring to the request in detail this matter from the ministry without receiving an answer.

He suggested that "contains the General Budget Law for 2011 mandated Office of Financial Supervision prepare a report on outstanding advances at the Ministry of Finance and the preparation of a program to tackle this menace."

And stated in the General Budget Law for 2011 in the agenda the overall activity of the State budget allocated sum of one billion U.S. dollars under the title of the settlement of debts of the Ministry of Commerce.

He called Chalabi, the formation of a fact-finding committee of the Iraqi lawmakers aimed at matching withdrawals and Ministry of Finance calculated the Development Fund for Iraq, DFI, which is the signing of a joint between the Prime Minister and Minister of Finance with the planned spending in the budgets of previous years, using his House of Representatives in one of audit firms global superpowers, which had previously used by the Iraqi state to audit the state.

And the House of Representatives approved on Sunday the general budget of the country's value of 82.6 billion dollars to build, including $ 25.7 billion of investments, to estimate the price of a barrel of oil at $ 76.50, and exports will reach 2.2 million barrels per day, which is the largest budget in the history of Iraq.

It is expected that a deficit of $ 13.4 billion, at a time when Iraq depends on oil exports by about 95 per cent to support its budget.

The adoption of the budget in conjunction with the wave of protests taking place in all Iraqi provinces, since the fifth of this month, condemning the poor services and financial and administrative corruption in government institutions demand better living conditions for Iraqis and the provision of services and employment opportunities in accordance with the promises, which was launched before the parliamentary elections last year.

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