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Oil Ministry: we have reduced a lot of expenditures in line with the government policy of austerity
Saturday, 27 December / 1 December 2014
[Baghdad-where]
Revealed that the Ministry of Oil, for reduced a lot of unnecessary expenditures in its work to rationalize spending and in line with the government policy of austerity by the financial crisis experienced by the country.
He said ministry spokesman Assem Jihad told all of Iraq [where] that "the ministry as part of a program set up by the government is keen to invest all the resources and austerity in surpluses and there directives in this regard, the ministry has reduced a lot of unnecessary expenditures which do not affect the work, with a focus on projects mission. "
And invite the religious authority in all sectors to bear the responsibility out of the financial crisis, Jihad said, "The role of religious authority respected and everyone is working in this direction in order to move the country from case to case and best for everyone striving for that."
"We are with the intensification of efforts to address the current difficult circumstances to all facilities, companies and the ministry is going on this aspect and is proportional to prevent the impact of austerity measures on projects and plans, which will witness an increase in production rates in the next year."
Between Jihad said "The oil ministry is the Ministry of vitality and rely on state revenues by more than 90% and thus is in front of great responsibilities and face great challenges, but nonetheless was able to in the past years to maximize the resources of the country by increasing production and attract foreign investments."
He pointed out that "the ministry was the first leader in attracting international investments worth billions of dollars and companies a solid stand in the first row in the global oil industry and the capacities of an increase in production and development in spite of the challenges of the process."
The religious authority has called on the lips of its representative Abdul Mahdi al-Karbalai during Friday prayers yesterday to take responsibility in overcoming the financial crisis, saying, "We must take urgent mechanism of action, and they are required and necessary, but there must be a comprehensive financial and economic study by specialists and experts formed from All ministries and departments and the possible benefit from the experiences of other countries have seen similar economic conditions and was able to overcome. "
He pointed out that "the responsibility for these conditions is the responsibility of national solidarity any borne by everyone from members of the Council of Ministers and senior government officials, deputies and other state officials and even the citizens out of the crisis from their various locations in addition to opening new outlets international resources such as the development of industrial, agricultural and tourism sector must be reliance on national competencies and not rely on the outside if available local ".
The House of Representatives has completed at its special session, which was held last Thursday, the first reading of the draft budget law and forwarded to the Finance Committee before its lift to the seventh of next month.
The total budget size of 125 trillion dinars and a deficit of 25 trillion dinars where these amounts increased by about two billion dinars after the government to re-formulate some of the budget, which is estimated revenue of more than 99 trillion dinars items, and expenses of more than 125 trillion Danar.anthy 2.
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Saturday, 27 December / 1 December 2014
[Baghdad-where]
Revealed that the Ministry of Oil, for reduced a lot of unnecessary expenditures in its work to rationalize spending and in line with the government policy of austerity by the financial crisis experienced by the country.
He said ministry spokesman Assem Jihad told all of Iraq [where] that "the ministry as part of a program set up by the government is keen to invest all the resources and austerity in surpluses and there directives in this regard, the ministry has reduced a lot of unnecessary expenditures which do not affect the work, with a focus on projects mission. "
And invite the religious authority in all sectors to bear the responsibility out of the financial crisis, Jihad said, "The role of religious authority respected and everyone is working in this direction in order to move the country from case to case and best for everyone striving for that."
"We are with the intensification of efforts to address the current difficult circumstances to all facilities, companies and the ministry is going on this aspect and is proportional to prevent the impact of austerity measures on projects and plans, which will witness an increase in production rates in the next year."
Between Jihad said "The oil ministry is the Ministry of vitality and rely on state revenues by more than 90% and thus is in front of great responsibilities and face great challenges, but nonetheless was able to in the past years to maximize the resources of the country by increasing production and attract foreign investments."
He pointed out that "the ministry was the first leader in attracting international investments worth billions of dollars and companies a solid stand in the first row in the global oil industry and the capacities of an increase in production and development in spite of the challenges of the process."
The religious authority has called on the lips of its representative Abdul Mahdi al-Karbalai during Friday prayers yesterday to take responsibility in overcoming the financial crisis, saying, "We must take urgent mechanism of action, and they are required and necessary, but there must be a comprehensive financial and economic study by specialists and experts formed from All ministries and departments and the possible benefit from the experiences of other countries have seen similar economic conditions and was able to overcome. "
He pointed out that "the responsibility for these conditions is the responsibility of national solidarity any borne by everyone from members of the Council of Ministers and senior government officials, deputies and other state officials and even the citizens out of the crisis from their various locations in addition to opening new outlets international resources such as the development of industrial, agricultural and tourism sector must be reliance on national competencies and not rely on the outside if available local ".
The House of Representatives has completed at its special session, which was held last Thursday, the first reading of the draft budget law and forwarded to the Finance Committee before its lift to the seventh of next month.
The total budget size of 125 trillion dinars and a deficit of 25 trillion dinars where these amounts increased by about two billion dinars after the government to re-formulate some of the budget, which is estimated revenue of more than 99 trillion dinars items, and expenses of more than 125 trillion Danar.anthy 2.
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