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Ministry
of Finance Budget
Office To:
All Ministries and directorates not connected to a ministry Subj.:
Instructions of preparing the budget for year 2004 Ministry of Finance would like to refer to the
preparation for budget estimations of 2004 (Current & Investment), and the
ministries have to present the estimation of their budgets according to the
budget forms which are already used in recent years according and also to the
estimation bases of the past years. Priorities should be given to security, services and a
good standard of living. Infrastructures and reconstruction should also receive
priority in order to enable all economic projects to operate again as soon as
possible. The 2004 budget necessitates that vital needs of
people should be studied objectively to provide allocations for them, taking
into consideration the limited revenues we can raise during the next year. This
means that all official ministries and directorates should start collecting
fees from people in exchange for the services these directorate offers. The Ministry of Finance asks all ministries to adhere
to the attached time table and submit their budget to this ministry before
8/15/2004. Discussions with a various line ministries are to be carried from
8/15 to 9/5, the following procedures should be taking into consideration
during budget preparation: 1-
Budgets of
centrally financed directorates: a)
Each ministry should
have a high committee at ministry HQ or the directorate not connected to a
ministry HQs to carry out discussions concerning the budget operational and
investment according to budget forms and regulations. A total budget according
to the ministries (Part) is required. b)
Each directorate within
the line ministries and every department within directorates not connected to a
ministry should have sub-committees to discuss their budgets. c)
This ministry will
discuss the total budget of every ministry, so all members of these committees
and sub-committees should be well informed about the details of their budget to
ensure accuracy and speed. 2-
Budget of
self financed directorates: a)
The followings should be
taken into consideration: First : Production should be increased according to qty.
& quality. Second:
Human & financial resources should be used perfectly. Third : All directorates and
companies should be restructured to increase administrative efficiency to
fulfill production objectives of the annual budget. Fourth : To
reduce expenditures as much as possible. b)
The directorate of
Accounting/MOF should be provided with the planning budgets starting from human
and financial resources ending with financial plan, all tables and enclosures
data that explain the number of production units should be mentioned together
with the difference services. All details concerning production operations
should be mentioned like quantity, quality, and costs. c)
The above mentioned
budget committees should be responsible to prepare the plan budget estimations
before submitting them to MOF. 3-
The
Investment Budget: The investment budget should be prepared according to
regulations previously followed; taking into consideration the following items: a)
When asking for
estimations, priorities are to be given to basic services like electricity,
water…etc. which have direct contact with the life of people; we must ensure
the continual operations of these projects. b)
New suggested projects
to support the Iraqi economy and reform the infrastructure to achieve the
required development. c)
Reconstruction projects
are to be implemented only when they are proved to be of economic benefit to
the country. d)
Previous consultation
with other ministries like the ministry of planning is required before
submitting the final estimations to the MOF. With regards Deputy of the MOF
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