STATUS OF THE RV . PART 3
What else is in the news…..
There are many interesting topics on the fight to get the budget tables over to parliament. The finance committee told the news media this could happen in July.Oh boy… haven’t we heard this before?…..
You might want to take peak at the following articles on this topic titled “MP SUES GOVERNMENT OVER DELAY IN SENDING BUDGET TABLES TO PARLIAMENT” and “THREE REASONS IDENTIFIED…THE PARLIAMENTARY FINANCE COMMITTEE RULES OUT SENDING BUDGET TABLES TO PARLIAMENT”.
So, in attempting to understand this budget dilemma, they have now told us officially what the reasons are for the delay. Hussein Mounes, a member of the Iraqi Parliament’s Finance Committee, told us that there are several reasons for the government’s exclusion from sending the federal budget schedules to parliament :
1.most notably the financial deficit,
2.unstable financial revenues,
3.the lack of a real economic vision, and
4.the approaching date of the legislative elections,
It is easy understand the first two reasons however the last two are all political. Why is the budget so important? Really now its not so important for our purposes of the RV. If anything having the budget come out on time will add to the needed stability of Iraq in the eyes of the IMF and the World Bank.