Home
Sistani calls for bold improvisation and suggests: non-oil imports Iraq
Dec 19, 2014
Called Iraq's top Shiite cleric, Ali al-Sistani, his country's government to rely on non-oil sources of income as imports, and the adoption of a deliberate accounts in the process of reduction in the budget items on lower oil prices.
Sistani said, in his Friday sermon, delivered on his behalf by his representative, Ahmed Safi, in the shrine of Al-Hussein Bin Ali in Karbala (central Iraq), that "Iraq is entirely dependent on its budget on oil prices dropped dramatically, causing a lack of financial resources for the budget." .
He added: "Because of the lack of financial revenues, the government began a set of cuts in the budget for fiscal 2015 to delete some paragraphs and other postponement", calling for "the adoption of a deliberate accounts in the reduction process and should not be more improvisational and is well thought out, and checking in drawing up financial policy of the country."
He stressed the need to search for "alternatives to support the non-oil budget," explaining that "this matter needs to be daring and improvisation because of oil depends on many things are expected from lower prices."
The Cabinet last month decided to form a special committee of the Council of Ministers holds the process of reducing the budget because of lower oil prices.
He was scheduled to hold a cabinet meeting yesterday for the purpose of adoption of the budget in the Council of Ministers and then converted to the House of Representatives before being postponed to next week.
Iraq relies 95% on oil in the annual general budget, while still the industrial sector projects are not eligible because constitute a major source of Iraqi imports because of its exposure to the neglect over the past 10 years.
[You must be registered and logged in to see this link.]
--
Dec 19, 2014
Called Iraq's top Shiite cleric, Ali al-Sistani, his country's government to rely on non-oil sources of income as imports, and the adoption of a deliberate accounts in the process of reduction in the budget items on lower oil prices.
Sistani said, in his Friday sermon, delivered on his behalf by his representative, Ahmed Safi, in the shrine of Al-Hussein Bin Ali in Karbala (central Iraq), that "Iraq is entirely dependent on its budget on oil prices dropped dramatically, causing a lack of financial resources for the budget." .
He added: "Because of the lack of financial revenues, the government began a set of cuts in the budget for fiscal 2015 to delete some paragraphs and other postponement", calling for "the adoption of a deliberate accounts in the reduction process and should not be more improvisational and is well thought out, and checking in drawing up financial policy of the country."
He stressed the need to search for "alternatives to support the non-oil budget," explaining that "this matter needs to be daring and improvisation because of oil depends on many things are expected from lower prices."
The Cabinet last month decided to form a special committee of the Council of Ministers holds the process of reducing the budget because of lower oil prices.
He was scheduled to hold a cabinet meeting yesterday for the purpose of adoption of the budget in the Council of Ministers and then converted to the House of Representatives before being postponed to next week.
Iraq relies 95% on oil in the annual general budget, while still the industrial sector projects are not eligible because constitute a major source of Iraqi imports because of its exposure to the neglect over the past 10 years.
[You must be registered and logged in to see this link.]
--
