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Report of the economy and investment on the draft federal budget for the Republic of Iraq Act of 2015
1/7/2015
First: - challenges that accompanied the project Almoisna1-continued and growing phenomena of financial and administrative corruption 0.2-specific security that accompanied the budget along the past years and the weakness of the ability and the will to eliminate Alih3-oil market and thereto with the effects of variables directly in the preparation of the budget and create a crisis ten resources and shortcomings in meeting the requirements of change for the better, oil revenues have been affected severely traumatic changes in the price fluctuations and selections production and export volumes, which left a clear effect on the balance of payments and therefore the general budget, is the oil revenues the first and main source to get a foreign country's currency and play influential role in the balance the balance of payments as well as receiving of foreign loans ..
Hence we say that the general budget to play first and primary role in building a balance to meet the challenges were not so obvious on the draft budget for 2015, where the budget was built on assumptions, and the assumption is optimistic in achieving oil revenues indifferent internal challenges ( terrorism) and external challenges (the oil market) and is considering what an object in other oil-producing countries in the least neighboring countries.
Where the girl estimates in check resources Alnaftyhaly basis of $ 60 / Bermalouhjm export (3.3) million barrels / Yum4-an update of the new financial burdens contributed to raise the graph to the size of government spending affected by terrorism and Mcespapth negative effects on the development and preparation of the budget plan developmentally oriented 0.5-what oil revenue continues to enjoy its characteristics in the 2015 budget being the main pillar of the financing of the budget where the budget figures shows that they contribute a percentage of (67.3%) in the financing of the size of spending, which was approved by the budget and they constitute 85% of the components of the structure budget revenues, and that this change in the composition ratio was due to the pressure of spending and not diversified resources or an improvement in the methods of collection of resources, this is what has failed budget in 2015 for the creation of new types of resources as these estimates are optimistic, which requires a review of this price in the light of the price internationally declared, taking into consideration producing state-Naft.6 lack of data tables special budget for 2015 Masat.thania- economic difficulties of the Iraqi economy .masal detailed suffering from economic difficulties and disruptions did not seek balancing Mlavadtha 2015, and can be summarized as:
1-still economic principle of government policy is controlled by central planning clearly without getting practice decentralization role significant to the extent that the government is seeking to Thakgah2- need to promote the private sector through appropriate legislation, without prejudice to the rights of the state and the fight against corruption and the provision of soft and aimed for the development of a particular economic sector loans an orientation adopted Mrhaliatnama rise in unemployment Iraq faces the problem of poverty and unemployment for years throughout extend to the nineties ..
One indicator of the success of economic policies lies in the extent of their success in progress to address the problem and to be providing employment opportunities of priorities according to a variety of contexts, including: a real application of the equitable distribution of opportunities work and accounting exit Anhb-interest in supporting the agricultural, industrial and tourism sector and the adoption of a focus on a specific agricultural product policy is agricultural marker unique to Iraq, such as the production of agricultural Mtmizat-interest in the tourism sector in accordance with the foundations of contemporary and sophisticated civilization and encourage investment style management of tourist facilities by sector Alkhast- grant the proportion of investments in the housing sector to the private sector to implement and manage a subsequent Thirdly - the existing loans and Almguetrahho the burden of existing loans ...
The volume of the burden of existing loans (pay premiums + interest) in the expenditure side of the budget in 2015 (3.7) trillion dinars constitute ratio (4 0.6%) of the size of the current expenditure ... we include detailed below: b ... proposed loans amounted to estimate (22.4) trillion in revenue side devoted mostly to cover the deficit in absolute terms, without paint balancing mechanism to use and customize to meet the ongoing consumer spending or developmental investment spending .. and contribute by (17.7%) in the financing of the general budget ..
This ratio is high is not satisfactory to carry it in the folds of the future saddled with the burden of future generations here and ask the fiscal policy to be a cautious approach to continue borrowing policy as one of the and the means of financing the budget and fill inability .raava - Alastosmara1 spending-are not yet determine the degree of deprivation or Mahromep after more than 8 years in the preparation of the fiscal budgets of the state and put allocations for the development of the provinces, and the Ministry of Planning and resolve this Modua.2-hit the size of what has been allocated for investment spending (45.2) trillion dinars and constitutes (36%) of the general budget of the size of this percentage lower than it has evolved in the budget of 2013 as she was (40%) and this is an indication that investment spending may deal a policy of austerity and pressure spending Like other vocabulary budget, and that is not accepted by the economic development of thought and the move gave the recipe for the budget as tax non-developmental .va - sector companies Am1-problem of aiming to achieve profits economic activity of public companies, which suffer from a lack of their own resources / fill salaries its members, it was better for the budget that recognizes the principle of evaluating this solution since being put for more than four years ago. We emphasize here the House itself may take follow-up and the reality of these companies they represent public funds 0.2-that what is given to the public treasury of resources for its share in the profits of public companies amounted to (3.2) trillion dinars according to schedule (angel) revenue and mostly from corporate profits oil and very little other productive companies .. affirm to be the real deal .sadsa - the private sector only those simple paragraphs in the text of the provisions of the law .almadh / 15, which opens with the investment sector, the door has not been given the budget in 2015, like other budgets for previous years renaissance of interest in the private sector Special through participation did not specify the type of this review Is the management and ownership together or each of them individually, as well as it authorized the Council of Ministers to issue instructions without being dependent on the competent authority in the state departments of technical services ...
and we find here insistence of the government on the planning and implementation approach Central, and the drawbacks of the text of the article Legal is seeking to obtain exceptions without showing what type of this exception and here we stand vigilant and wondering fear that opens the new pope of corruption, and we propose to parliament not to rush the legislation so texts unless supplemented by images of the mechanism implemented until no regrets after Zlk.almadh / 31 and encouraging the transfer of staff from the public sector to the private sector. This provision was contained in the budget of the previous years did not notice he was influenced by the budget to study the causes of the lack of influence and seeks to find the most powerful incentives paid employee itself to a request to move ...
As this text serves the institutions and not Alafrad.almadh / 36 specializes in the support of buying products from ministries strike came to a policy supporting the private sector, which is advocated by all the economic and financial authorities and some politicians, and it was not well thought out in terms of the possibility of a market absorption her that this includes support or The exception Plan projects Alastosmaria.saava - Almguetrhatalsaash cash: -
1-on the central bank to address the downturn, such as what treatment inflation through mortgage bank and housing, agricultural and industrial, commercial and development initiatives that promote various sectors, especially low-income housing
0.2-Central Bank recommends the possibility to diversify its investment portfolio Balahtiat including foreign can be purchased from the Iraqi government bonds exported to world markets of $ (2.7) billion dollars, thus reducing the pressure on debt payments in foreign currency, which generates profit for the central bank's
0.3-changing foreign currency auction mechanism so as to maximize the proceeds through customs met amounts of customs in Insurance Introduction being tax settling accounts after the arrival Aldaah.
4-imposed for at least 30 Iraqi dinars for each dollar sold and authorizes the Council of Ministers to issue instructions Allazma.5-establishment of a public company or a contribution to guarantee deposits and function to encourage national and foreign investors to promote confidence in the economy Iraqi National Congress, and The Council of Ministers instructions and put their own financial mechanism Bh.alsaash /
1-Iraq works to establish a stabilization fund (SWF) to support the budget and begin gradually by 1% of the budgets Kadma.
2- proceed immediately to the procedures and treatments economic reform based on Article (25) of the Constitution, with all its institutions State Investment Promotion
3-encourage the government to negotiate the deportation of premiums, loans and benefits for this year that supply the government (3733) billion Dolar.
4-activation of the customs tariff
5 Law-need to reconsider the financial allocations to the Ministries of State to cancel a lot of customizations unnecessary for the purpose of deficit or address filled
0.6-encourage the government to move away from external borrowing and encourage borrowing Aldakhala.6-the formation of a higher committee for economic reforms and planning with the participation of all specialists
0.7-saving cover all employees and workers in government departments at the level of salary and allowances gradually begins 1% as proposed by the government making all employees who contribute in circles Ath.aly that exempted low-income earners, according to Aldstoralamadh (28)
0.8-suggest to the Ministry of Oil to increase its exports 200 000 barrels compared to this savings, which helps to bridge the cutting rate for savings. coordination and cooperation with the Government to reconsider Cardstan.
9-leadership in the state in degrees and keep the grades necessary .
10-Cabinet authorizes the power to amend the fees, fines and other municipal tables in a manner commensurate with the economic situation in the form of Nsp.alastosmar
the private sector:
1-restructuring province National Investment Commission so that they are actually able to attract foreign investment and facilitate the establishment of projects, and proceed immediately to amend the law Alastosmar.acama investment and the involvement of the state and the private sector and university professors and businessmen in all the provinces to legislate Alastosmar.
2 law private conferences-the removal of legal barriers related to land ownership, ensuring ease allocated to invest within a specific period of time
0.3-legislation of a special law for retirement in the private sector or activating labor law and social security sector Alkhas.
4-expansion and encourage decentralization in the issue of investment and study the possibility of establishing economic zones include (industry, trade and tourism and agriculture) on the level of economic development.
5-encourage investment in the tourism sector and private Dinana development and providing them with all the supplies General Almtalobh.mlahzat for Almoisnaalmadh
(1) the budget did not provide tables on grants and loans .almadh
(2) determine the remaining funds for projects other ministries in agreement with the Islamic Development Bank .almadh
(2 ) III to reconsider the provisions of Article (III) and on the distribution of 18 trillion to achieve transparency and priorities .almadh
(5) should be reported to the House of Representatives in the case of the payment of any amount of the contingency reserve within the Implementing Regulations of the federal budget Alsnueh.almadh
(12) Second except for specialized grades needed by the ministry of Article
(14) Media House of Representatives for each case advances disbursed within 90 days on the Minister of Finance to bring adjustments own ancestor does not endorse adjustments only after approval Alnwab.almadh Council
(17) Add the Industrial Bank and the capital increase, similar to banks and other .almadh
(17) (ii) as to enhance and support the private sector and encourage investment Astanada to Article 26 of the Aldstor.almadh (17) (III) ratio of 4% canceled and the Ministry of Finance adjustments with banks and relevant authorities Alalaqh.almadh
(19) re consider leadership positions unnecessary state of being cost the state and unsustainable financial burdens Kberh.almadh (25) sets (5) billion within the investment going forward, and you must know the size of loans and interest of which are allocated for housing the poor and schools after the submission of an investment plan for the House of Representatives and validation Aliha.almadh
( 26) the public treasury will bear the damage as a result of asylum Contractors to court to sue the government and this is what happened previously and are demanding compensation for Alasar.almadh teams
(30) Cabinet authorizes the power to amend the fees and fines tables and are collecting all fees with the support of the Ministry of Interior and Defense to collect this Alageor.almadh
(32) No detailed data on the projects there and there is no feasibility study and Adhh.almadh
(33) Auto Specialized productivity exception of taxes to encourage economic development .altusiat / Committee recommends to the economy and investment vote on the draft general budget for the 2015 Act with immediately proceed with the necessary economic reforms . Jawad al-Chairman of the Committee on Economy and Investment 07/01/2015
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1/7/2015
First: - challenges that accompanied the project Almoisna1-continued and growing phenomena of financial and administrative corruption 0.2-specific security that accompanied the budget along the past years and the weakness of the ability and the will to eliminate Alih3-oil market and thereto with the effects of variables directly in the preparation of the budget and create a crisis ten resources and shortcomings in meeting the requirements of change for the better, oil revenues have been affected severely traumatic changes in the price fluctuations and selections production and export volumes, which left a clear effect on the balance of payments and therefore the general budget, is the oil revenues the first and main source to get a foreign country's currency and play influential role in the balance the balance of payments as well as receiving of foreign loans ..
Hence we say that the general budget to play first and primary role in building a balance to meet the challenges were not so obvious on the draft budget for 2015, where the budget was built on assumptions, and the assumption is optimistic in achieving oil revenues indifferent internal challenges ( terrorism) and external challenges (the oil market) and is considering what an object in other oil-producing countries in the least neighboring countries.
Where the girl estimates in check resources Alnaftyhaly basis of $ 60 / Bermalouhjm export (3.3) million barrels / Yum4-an update of the new financial burdens contributed to raise the graph to the size of government spending affected by terrorism and Mcespapth negative effects on the development and preparation of the budget plan developmentally oriented 0.5-what oil revenue continues to enjoy its characteristics in the 2015 budget being the main pillar of the financing of the budget where the budget figures shows that they contribute a percentage of (67.3%) in the financing of the size of spending, which was approved by the budget and they constitute 85% of the components of the structure budget revenues, and that this change in the composition ratio was due to the pressure of spending and not diversified resources or an improvement in the methods of collection of resources, this is what has failed budget in 2015 for the creation of new types of resources as these estimates are optimistic, which requires a review of this price in the light of the price internationally declared, taking into consideration producing state-Naft.6 lack of data tables special budget for 2015 Masat.thania- economic difficulties of the Iraqi economy .masal detailed suffering from economic difficulties and disruptions did not seek balancing Mlavadtha 2015, and can be summarized as:
1-still economic principle of government policy is controlled by central planning clearly without getting practice decentralization role significant to the extent that the government is seeking to Thakgah2- need to promote the private sector through appropriate legislation, without prejudice to the rights of the state and the fight against corruption and the provision of soft and aimed for the development of a particular economic sector loans an orientation adopted Mrhaliatnama rise in unemployment Iraq faces the problem of poverty and unemployment for years throughout extend to the nineties ..
One indicator of the success of economic policies lies in the extent of their success in progress to address the problem and to be providing employment opportunities of priorities according to a variety of contexts, including: a real application of the equitable distribution of opportunities work and accounting exit Anhb-interest in supporting the agricultural, industrial and tourism sector and the adoption of a focus on a specific agricultural product policy is agricultural marker unique to Iraq, such as the production of agricultural Mtmizat-interest in the tourism sector in accordance with the foundations of contemporary and sophisticated civilization and encourage investment style management of tourist facilities by sector Alkhast- grant the proportion of investments in the housing sector to the private sector to implement and manage a subsequent Thirdly - the existing loans and Almguetrahho the burden of existing loans ...
The volume of the burden of existing loans (pay premiums + interest) in the expenditure side of the budget in 2015 (3.7) trillion dinars constitute ratio (4 0.6%) of the size of the current expenditure ... we include detailed below: b ... proposed loans amounted to estimate (22.4) trillion in revenue side devoted mostly to cover the deficit in absolute terms, without paint balancing mechanism to use and customize to meet the ongoing consumer spending or developmental investment spending .. and contribute by (17.7%) in the financing of the general budget ..
This ratio is high is not satisfactory to carry it in the folds of the future saddled with the burden of future generations here and ask the fiscal policy to be a cautious approach to continue borrowing policy as one of the and the means of financing the budget and fill inability .raava - Alastosmara1 spending-are not yet determine the degree of deprivation or Mahromep after more than 8 years in the preparation of the fiscal budgets of the state and put allocations for the development of the provinces, and the Ministry of Planning and resolve this Modua.2-hit the size of what has been allocated for investment spending (45.2) trillion dinars and constitutes (36%) of the general budget of the size of this percentage lower than it has evolved in the budget of 2013 as she was (40%) and this is an indication that investment spending may deal a policy of austerity and pressure spending Like other vocabulary budget, and that is not accepted by the economic development of thought and the move gave the recipe for the budget as tax non-developmental .va - sector companies Am1-problem of aiming to achieve profits economic activity of public companies, which suffer from a lack of their own resources / fill salaries its members, it was better for the budget that recognizes the principle of evaluating this solution since being put for more than four years ago. We emphasize here the House itself may take follow-up and the reality of these companies they represent public funds 0.2-that what is given to the public treasury of resources for its share in the profits of public companies amounted to (3.2) trillion dinars according to schedule (angel) revenue and mostly from corporate profits oil and very little other productive companies .. affirm to be the real deal .sadsa - the private sector only those simple paragraphs in the text of the provisions of the law .almadh / 15, which opens with the investment sector, the door has not been given the budget in 2015, like other budgets for previous years renaissance of interest in the private sector Special through participation did not specify the type of this review Is the management and ownership together or each of them individually, as well as it authorized the Council of Ministers to issue instructions without being dependent on the competent authority in the state departments of technical services ...
and we find here insistence of the government on the planning and implementation approach Central, and the drawbacks of the text of the article Legal is seeking to obtain exceptions without showing what type of this exception and here we stand vigilant and wondering fear that opens the new pope of corruption, and we propose to parliament not to rush the legislation so texts unless supplemented by images of the mechanism implemented until no regrets after Zlk.almadh / 31 and encouraging the transfer of staff from the public sector to the private sector. This provision was contained in the budget of the previous years did not notice he was influenced by the budget to study the causes of the lack of influence and seeks to find the most powerful incentives paid employee itself to a request to move ...
As this text serves the institutions and not Alafrad.almadh / 36 specializes in the support of buying products from ministries strike came to a policy supporting the private sector, which is advocated by all the economic and financial authorities and some politicians, and it was not well thought out in terms of the possibility of a market absorption her that this includes support or The exception Plan projects Alastosmaria.saava - Almguetrhatalsaash cash: -
1-on the central bank to address the downturn, such as what treatment inflation through mortgage bank and housing, agricultural and industrial, commercial and development initiatives that promote various sectors, especially low-income housing
0.2-Central Bank recommends the possibility to diversify its investment portfolio Balahtiat including foreign can be purchased from the Iraqi government bonds exported to world markets of $ (2.7) billion dollars, thus reducing the pressure on debt payments in foreign currency, which generates profit for the central bank's
0.3-changing foreign currency auction mechanism so as to maximize the proceeds through customs met amounts of customs in Insurance Introduction being tax settling accounts after the arrival Aldaah.
4-imposed for at least 30 Iraqi dinars for each dollar sold and authorizes the Council of Ministers to issue instructions Allazma.5-establishment of a public company or a contribution to guarantee deposits and function to encourage national and foreign investors to promote confidence in the economy Iraqi National Congress, and The Council of Ministers instructions and put their own financial mechanism Bh.alsaash /
1-Iraq works to establish a stabilization fund (SWF) to support the budget and begin gradually by 1% of the budgets Kadma.
2- proceed immediately to the procedures and treatments economic reform based on Article (25) of the Constitution, with all its institutions State Investment Promotion
3-encourage the government to negotiate the deportation of premiums, loans and benefits for this year that supply the government (3733) billion Dolar.
4-activation of the customs tariff
5 Law-need to reconsider the financial allocations to the Ministries of State to cancel a lot of customizations unnecessary for the purpose of deficit or address filled
0.6-encourage the government to move away from external borrowing and encourage borrowing Aldakhala.6-the formation of a higher committee for economic reforms and planning with the participation of all specialists
0.7-saving cover all employees and workers in government departments at the level of salary and allowances gradually begins 1% as proposed by the government making all employees who contribute in circles Ath.aly that exempted low-income earners, according to Aldstoralamadh (28)
0.8-suggest to the Ministry of Oil to increase its exports 200 000 barrels compared to this savings, which helps to bridge the cutting rate for savings. coordination and cooperation with the Government to reconsider Cardstan.
9-leadership in the state in degrees and keep the grades necessary .
10-Cabinet authorizes the power to amend the fees, fines and other municipal tables in a manner commensurate with the economic situation in the form of Nsp.alastosmar
the private sector:
1-restructuring province National Investment Commission so that they are actually able to attract foreign investment and facilitate the establishment of projects, and proceed immediately to amend the law Alastosmar.acama investment and the involvement of the state and the private sector and university professors and businessmen in all the provinces to legislate Alastosmar.
2 law private conferences-the removal of legal barriers related to land ownership, ensuring ease allocated to invest within a specific period of time
0.3-legislation of a special law for retirement in the private sector or activating labor law and social security sector Alkhas.
4-expansion and encourage decentralization in the issue of investment and study the possibility of establishing economic zones include (industry, trade and tourism and agriculture) on the level of economic development.
5-encourage investment in the tourism sector and private Dinana development and providing them with all the supplies General Almtalobh.mlahzat for Almoisnaalmadh
(1) the budget did not provide tables on grants and loans .almadh
(2) determine the remaining funds for projects other ministries in agreement with the Islamic Development Bank .almadh
(2 ) III to reconsider the provisions of Article (III) and on the distribution of 18 trillion to achieve transparency and priorities .almadh
(5) should be reported to the House of Representatives in the case of the payment of any amount of the contingency reserve within the Implementing Regulations of the federal budget Alsnueh.almadh
(12) Second except for specialized grades needed by the ministry of Article
(14) Media House of Representatives for each case advances disbursed within 90 days on the Minister of Finance to bring adjustments own ancestor does not endorse adjustments only after approval Alnwab.almadh Council
(17) Add the Industrial Bank and the capital increase, similar to banks and other .almadh
(17) (ii) as to enhance and support the private sector and encourage investment Astanada to Article 26 of the Aldstor.almadh (17) (III) ratio of 4% canceled and the Ministry of Finance adjustments with banks and relevant authorities Alalaqh.almadh
(19) re consider leadership positions unnecessary state of being cost the state and unsustainable financial burdens Kberh.almadh (25) sets (5) billion within the investment going forward, and you must know the size of loans and interest of which are allocated for housing the poor and schools after the submission of an investment plan for the House of Representatives and validation Aliha.almadh
( 26) the public treasury will bear the damage as a result of asylum Contractors to court to sue the government and this is what happened previously and are demanding compensation for Alasar.almadh teams
(30) Cabinet authorizes the power to amend the fees and fines tables and are collecting all fees with the support of the Ministry of Interior and Defense to collect this Alageor.almadh
(32) No detailed data on the projects there and there is no feasibility study and Adhh.almadh
(33) Auto Specialized productivity exception of taxes to encourage economic development .altusiat / Committee recommends to the economy and investment vote on the draft general budget for the 2015 Act with immediately proceed with the necessary economic reforms . Jawad al-Chairman of the Committee on Economy and Investment 07/01/2015
[You must be registered and logged in to see this link.]
