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. 2014 budget did not acknowledge and low oil prices and a slight rise in real estate
BAGHDAD / JD / .. I left in 2014, negative effects on the Iraqi economy, which saw the failure to approve the budget and financial delay in the implementation of projects and the reluctance of entrepreneurs and investors from work, in addition to the decline in global oil prices to unprecedented levels even arrived to below $ 60 a barrel.
The real estate market has seen a slight increase in terms of prices and demand, as a result of the worsening housing crisis and the displacement of a large number of families in areas where military operations against terrorism, as well as the fierce war waged by the security forces and elements of the popular crowd against terrorist organizations known as the "Daash" which cost the state a lot of money.
It was not for the year 2014 budget discussions easy one where he underwent considerable controversy summoned a number of amendments, additions and deletions, as passed through the stages of relapse and was rejected by the former parliament, which led to the delay in approval, where he sees some lawmakers that the budget in 2014 carrying a large gamma may result in failure treated to the sliding of the Iraqi economy in the valley of the recession and ongoing crises, as they carry a deficit of 61 trillion dinars in order to adopt the budget on the export of Iraq's 2.9 million barrels per day at a price of $ 90 a barrel, but the estimates were not in place, because of lower oil prices and the continuing military operations forces security in the war against terrorist organizations.
Among the most prominent challenges that have been an obstacle to the adoption of the budget in 2014, the differences between the Governments of the Kurdistan region and the Federal regarding the export of oil and the delivery of revenue, as well as elements of the Peshmerga and the salaries of the staff of the province, with the survival rate in the province fixed budget, amounting to 17%.
Military and operations waged by the security forces, especially after the control of the organization of what is known as "Daash" on the city of Mosul and some provinces of Salahuddin and Diyala, Anbar and Kirkuk regions in the June 10, 2014, had a significant and prominent role in the depletion of financial and human resources of the state, where Iraq has lost nearly $ 400 million after the takeover "Daash" on some government and private banks in Nineveh, as well as millions of dollars in other bellowed as a result of the control of the terrorist organization on some oil fields and factories productivity.
Where he sees an economist beautiful spokesman, said the highlight of the 2014 is the military operations and the fierce war against the sources of terrorism, where he drained the great potential of the country's potential for both financial and human, in addition to the failure to approve the budget and there that made the economic upheaval.
Jamil told / BD /: "The failure to approve the budget had a negative impact on the Iraqi economy, both in terms of five-year plan crashes and stop the development process and delay the implementation of service and investment projects and the reluctance of a large number of contractors and investors, because of the security situation, as well as non-payment of their financial dues, making an impact on the process of implementation of the projects. "
He added that there are a lot of projects was hoped to be implemented in 2014 stalled due to the budget, as well as not to launch Aloziqih grades that made a lot of graduates are unemployed, indicating that the real estate market is witnessing a slight increase due to the security situation and the displacement of families from places of domicile , all of which impacted negatively on the economy and the wheel of development.
And took advantage of the real estate dealers or what is known as "brokers" opportunity worsening housing crisis and increased demand for rental homes by displaced people to buy houses and split the house one to Darren and sometimes three for rental or sale of each one separately, which led to a slight increase in real estate prices, according to expert in real estate projects Affairs Haider al-Shammari.
As for the Iraqi Center for Economic and Development Director Dr. Mohammed al-Shammari, says: "The delay in the budget is a negative aspect of the Iraqi economy in general, and all projects and businesses in particular."
Shammari said that "political crises continuous cast Bdilalha on economic reality, and thus the result was falling in big trouble and the state unenviable, which made Iraq the economic situation difficult situation, as the worsening crisis, the region and the center formed a problem and needed a big make the gap bigger and things get complicated, Therefore, he became approving the budget is very difficult. "
See Shammari said, "Iraq after the events of the 2003 economic policies have changed about the worst because its dependence on oil imports, which constitute 95% of Iraq's imports of oil, meaning that Iraq today depends on one's economic policy (unilateral) and this is a big problem to be solved, as The absence of economic approach and lack of interest in industrial and agricultural sectors as they constitute a large economic resources, these reasons and others of the most important problems and obstacles facing the Iraqi economy. "
The shape of the drop in oil prices is another major challenge in the subject of approving the budget is the most prominent events in 2014, with prices starting in the global markets down gradually since last August, from US $ 110 per barrel even arrived without the $ 60 per barrel in December 7 this first For the first time up to this price since 2005, due to increased oil production, which made the market suffers from a glut of oil supply.
Some experts expect oil prices continued to fall until 2015, which led to difficulty in approving the budget in light of these challenges.
Among the most prominent events in 2014 to reach an agreement between the Governments of the Kurdistan region and the federal government regarding the export of oil and export revenues in this November end, Hbut agreement on the export of the region 250 000 barrels text is revenue handed over to the federal government. In contrast, the federal government is committed regardless billion Ieckon the province in the form of two installments of $ 500 million, as well as the allocation of 17% in the general budget.
The federal government has fulfilled its obligation and Finance Minister Hoshyar Zebari in November 19 for the exchange of $ 500 million as a down payment to the region in accordance with the recent agreement between Arbil and Baghdad. / End / 8 /
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BAGHDAD / JD / .. I left in 2014, negative effects on the Iraqi economy, which saw the failure to approve the budget and financial delay in the implementation of projects and the reluctance of entrepreneurs and investors from work, in addition to the decline in global oil prices to unprecedented levels even arrived to below $ 60 a barrel.
The real estate market has seen a slight increase in terms of prices and demand, as a result of the worsening housing crisis and the displacement of a large number of families in areas where military operations against terrorism, as well as the fierce war waged by the security forces and elements of the popular crowd against terrorist organizations known as the "Daash" which cost the state a lot of money.
It was not for the year 2014 budget discussions easy one where he underwent considerable controversy summoned a number of amendments, additions and deletions, as passed through the stages of relapse and was rejected by the former parliament, which led to the delay in approval, where he sees some lawmakers that the budget in 2014 carrying a large gamma may result in failure treated to the sliding of the Iraqi economy in the valley of the recession and ongoing crises, as they carry a deficit of 61 trillion dinars in order to adopt the budget on the export of Iraq's 2.9 million barrels per day at a price of $ 90 a barrel, but the estimates were not in place, because of lower oil prices and the continuing military operations forces security in the war against terrorist organizations.
Among the most prominent challenges that have been an obstacle to the adoption of the budget in 2014, the differences between the Governments of the Kurdistan region and the Federal regarding the export of oil and the delivery of revenue, as well as elements of the Peshmerga and the salaries of the staff of the province, with the survival rate in the province fixed budget, amounting to 17%.
Military and operations waged by the security forces, especially after the control of the organization of what is known as "Daash" on the city of Mosul and some provinces of Salahuddin and Diyala, Anbar and Kirkuk regions in the June 10, 2014, had a significant and prominent role in the depletion of financial and human resources of the state, where Iraq has lost nearly $ 400 million after the takeover "Daash" on some government and private banks in Nineveh, as well as millions of dollars in other bellowed as a result of the control of the terrorist organization on some oil fields and factories productivity.
Where he sees an economist beautiful spokesman, said the highlight of the 2014 is the military operations and the fierce war against the sources of terrorism, where he drained the great potential of the country's potential for both financial and human, in addition to the failure to approve the budget and there that made the economic upheaval.
Jamil told / BD /: "The failure to approve the budget had a negative impact on the Iraqi economy, both in terms of five-year plan crashes and stop the development process and delay the implementation of service and investment projects and the reluctance of a large number of contractors and investors, because of the security situation, as well as non-payment of their financial dues, making an impact on the process of implementation of the projects. "
He added that there are a lot of projects was hoped to be implemented in 2014 stalled due to the budget, as well as not to launch Aloziqih grades that made a lot of graduates are unemployed, indicating that the real estate market is witnessing a slight increase due to the security situation and the displacement of families from places of domicile , all of which impacted negatively on the economy and the wheel of development.
And took advantage of the real estate dealers or what is known as "brokers" opportunity worsening housing crisis and increased demand for rental homes by displaced people to buy houses and split the house one to Darren and sometimes three for rental or sale of each one separately, which led to a slight increase in real estate prices, according to expert in real estate projects Affairs Haider al-Shammari.
As for the Iraqi Center for Economic and Development Director Dr. Mohammed al-Shammari, says: "The delay in the budget is a negative aspect of the Iraqi economy in general, and all projects and businesses in particular."
Shammari said that "political crises continuous cast Bdilalha on economic reality, and thus the result was falling in big trouble and the state unenviable, which made Iraq the economic situation difficult situation, as the worsening crisis, the region and the center formed a problem and needed a big make the gap bigger and things get complicated, Therefore, he became approving the budget is very difficult. "
See Shammari said, "Iraq after the events of the 2003 economic policies have changed about the worst because its dependence on oil imports, which constitute 95% of Iraq's imports of oil, meaning that Iraq today depends on one's economic policy (unilateral) and this is a big problem to be solved, as The absence of economic approach and lack of interest in industrial and agricultural sectors as they constitute a large economic resources, these reasons and others of the most important problems and obstacles facing the Iraqi economy. "
The shape of the drop in oil prices is another major challenge in the subject of approving the budget is the most prominent events in 2014, with prices starting in the global markets down gradually since last August, from US $ 110 per barrel even arrived without the $ 60 per barrel in December 7 this first For the first time up to this price since 2005, due to increased oil production, which made the market suffers from a glut of oil supply.
Some experts expect oil prices continued to fall until 2015, which led to difficulty in approving the budget in light of these challenges.
Among the most prominent events in 2014 to reach an agreement between the Governments of the Kurdistan region and the federal government regarding the export of oil and export revenues in this November end, Hbut agreement on the export of the region 250 000 barrels text is revenue handed over to the federal government. In contrast, the federal government is committed regardless billion Ieckon the province in the form of two installments of $ 500 million, as well as the allocation of 17% in the general budget.
The federal government has fulfilled its obligation and Finance Minister Hoshyar Zebari in November 19 for the exchange of $ 500 million as a down payment to the region in accordance with the recent agreement between Arbil and Baghdad. / End / 8 /
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