Economic Information: the end of the final accounts for 2011 step in the right direction : 2012-07-31 14:44:55

BAGHDAD (Iba) .. Economic Information Center welcomed the announcement by the Ministry of Finance completed the final account of the Republic of Iraq for the year 2011 and the opening of registration containing all the tables with the analytical and financial statements including balance sheet and calculate the outcome measure.

The center said in a statement received by the independent press (Iba) a copy of this step is very important in the right direction that this work gives the impression that the ministry has started to progress the issue of preparing the final accounts focused on by all those involved in economic affairs as an essential part of the preparation of the budgets of the years subsequent to find out spending volumes and ratios in each ministry, sector and province, to assess their performance and efficiency of his account in the subsequent allocations.

He said he also will reveal volumes Almdorat and the role of this Almdorat in the evaluation of disability real as well as give it an indicator of the performance development of the provinces and the federal ministries, which contributes to the correct paths of development through the creation of competition in performance, including through the statement of accounts final show of success and failure for each hand.

He pointed out that the place of final accounts is an urgent need to assess the financial performance of the annual federal budget and answers the big questions of the first legislators and specialists in economic affairs Second, Third and citizens about the mechanisms for disbursing the amounts and the nature of the real benefit of the budget year.

He expressed the hope that the Centre cooperates all ministries and provinces with the Finance Ministry during the current fiscal year by presenting the final accounts early to speed up the preparation of final accounts for more faster time to benefit from its orientation within the budget for next year.