Bolani: the formation of the executive bodies work with the team to tab budget expenditures and consider economic policy
May 22, 2016

Our economy / Baghdad
The economic and investment commission parliamentary announced the formation of a working group with the executive authorities to reconsider the economic policy of the State and Tab budget expenditures in accordance with the current data.

Committee Chairman Jawad al-Bolani said in a statement seen by the agency of our economy News, he said that "the Ministry of Finance turned a blind eye to report periodically on objects of expenditure in the budget every 90 days, as opposed to what has been agreed upon with the debate and approval of the General Budget Law in the parliament."

"The report includes aspects of the rationalization of government spending and pressure on operating expenses and increase local revenues and stimulate industrial and agricultural loans and housing initiatives."

"The parliamentary committee is setting up a team comprising members of the Financial and Economic Committees and representatives of the Ministry of Finance and the Central Bank, the Financial Inspection Office and other stakeholders," noting that "the team will prepare a plan to deal with the economic challenges facing the country, and to reconsider economic policies, and to report the House of Representatives on the general budget includes a follow-up to aspects of exchange and the rationalization of government spending. "