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Errors in the federal budget for 2015 and proposals processed (6 proposed amendments to the draft budget) (6, 6)
1/9/2015
We've talked in previous publications on the six major errors in the budget (austerity and method of funding and cash session and insisting on state ownership and dollarization and the neglect of domestic production), and to address these errors, it requires modifications to the budget, it is true that Iraq is in dire need of a fundamental change in the preparation of system budget ranging from philosophy and approach to economic meant passing through the methods of data and techniques used in the preparation and control of performance and nutrition inverse of the information collection, and this requires a broad government effort and for a long time, training and the provision of supplies, but this article focuses on a possible and necessary adjustments to address the complex problem of negative results expected from budget 2015 austerity, at which time you must join hands in efforts in the face of the terrorist attack suffered by Iraq, and in the forefront of these efforts to raise the morale of the Iraqi people and the development of local production sectors, and seeks amendments contained in this article is to achieve total goals in the forefront:
Improve the quality of life of the Iraqi citizen, and not pressure him, and this is done through several methods including the abolition of the procedures contained in the draft budget concerning the imposition of fees or taxes on mobile or on local factors of production, and to start a national campaign for housing, and the allocation of at least 5 trillion dinars to support poor families and displaced persons and displaced persons, and to reduce the disparity between salaries in the operating budget, and reduce the current fuel prices, and improve the ration card and salary increase, particularly retirees, workers and the continuation of appointments and contracts until the improvement of local employment opportunities.
Response to the requirements of the Iraqi economy and not fall into the problem of the economic recession, and this is done through several methods of the most important increase in public spending of the state to 235 trillion dinars, and reduce state ownership size, support mixed and private sectors to encourage the public to buy shares of state-owned companies that are privatized and retained with a large reserve to meet future risks, and the development of the Iraqi capital market in order to be able to perform the tasks required of it.
Response to the requirements of the local security through several means, including transfer pattern (of conduct) consumer of imported goods to domestic goods, and strive towards self-sufficiency, and reduce domestic production costs, and to prevent the importation of goods that can be produced or irreplaceable production locally.
Preservation of Iraq's wealth of foreign currency, and this is done from the adoption of several methods, including, select the number allowed to state its use of oil revenues in foreign currencies, including no more than 30 billion dollars, and keep the rest asset reserves of the Central Bank and the coming generations, and compel the government not to intervene in the exchange rates Locally dollar, and open a window for trading the dollar and the metals in the Iraqi capital market, and the inclusion of imports of the public sector tax and customs duties, and the recovery of money smuggled out of Iraq or hidden inside.
We will give in this article is a simplified picture of the amendment procedures that can be of the Council of seizures approval within his constitutional powers, or returned to the government to work under which it does not need a long time, knowing that he already we have a more comprehensive amendments to the budget in 2014 has been filed by the Committee of Economy representative to the House of Representatives, but not discussed because of the adoption of the budget in the sense that they are utilized.
The special revenue adjustments, including changing the sale price of oil now from $ 60 to $ 50 in harmony with the international prices, and the adoption of the exchange rate between the government and the central bank for the purposes of mutual settling accounts at 2,000 dinars / USD, and add the amount of 100 trillion dinars from sell assets and state companies, convert 5 trillion dollars of taxes that are imposed on the poor to the tax levied on imported goods for which there is a local alternative to it, and on this basis, the total revenue will be up to 235 trillion dinars.
The amendments in expenses, is up by maintaining a selected number of government operating expenses and investment of 125 trillion after making detailed changes within it, and most important of these changes are deducted (10) trillion dinars of investment expenditure and turn them into operational expenses that affect citizens like services, education and health ration card with the aim to reduce the disparity between the salaries, and are required to correct the overhead use rationalization policy rather than austerity, and rationalization serving to reduce unnecessary expenditure for the necessary expenses that affect citizens' daily lives while maintaining the number total expenses, also requires the correct door expenditure allocation of a new item named financing expenses total amount of $ (45) trillion dinars allocated to finance economic activities through the Fund for National Development with a capital of $ 30 trillion is working on financing for local production sectors easy procedures and the usefulness of a simple no more than 2%, as well as the allocation of (5 ) to start the campaign trillion housing through soft loans, and that includes this item funding of social activities through the allocation of $ 5 trillion dinars to reduce the level of poverty, and pay the rest of the provincial share of the allocation includes petrodollars.
And ending with the revised budget presence reserves of by 65 trillion of them (60) trillion reserves of the Central Bank's foreign exchange retention of oil revenues for 2015 and $ 5 trillion dinars reserve additional contingency, the following table shows the main lines of the budget amended, note that the full amendments to The bill is currently in the House of Representatives / Committee of Economy, which is generally a modest contribution need to debate and correction and revision, and it should be noted that some people might think some difficulty in the application of these amendments, but we are confident that this difficulty is slimmer than expected from the original budget difficulties, and must the confidence of the Iraqi people, officials and its ability to overcome the difficulties when he finds (people) the government is keen on interests and work to improve the quality of life and raise morale, The budget political, humanitarian and economic their meanings should be a tool to make life easier and not vice versa.
The proposed amendment to the federal budget for the year / 2015
[You must be registered and logged in to see this link.]
1/9/2015
We've talked in previous publications on the six major errors in the budget (austerity and method of funding and cash session and insisting on state ownership and dollarization and the neglect of domestic production), and to address these errors, it requires modifications to the budget, it is true that Iraq is in dire need of a fundamental change in the preparation of system budget ranging from philosophy and approach to economic meant passing through the methods of data and techniques used in the preparation and control of performance and nutrition inverse of the information collection, and this requires a broad government effort and for a long time, training and the provision of supplies, but this article focuses on a possible and necessary adjustments to address the complex problem of negative results expected from budget 2015 austerity, at which time you must join hands in efforts in the face of the terrorist attack suffered by Iraq, and in the forefront of these efforts to raise the morale of the Iraqi people and the development of local production sectors, and seeks amendments contained in this article is to achieve total goals in the forefront:
Improve the quality of life of the Iraqi citizen, and not pressure him, and this is done through several methods including the abolition of the procedures contained in the draft budget concerning the imposition of fees or taxes on mobile or on local factors of production, and to start a national campaign for housing, and the allocation of at least 5 trillion dinars to support poor families and displaced persons and displaced persons, and to reduce the disparity between salaries in the operating budget, and reduce the current fuel prices, and improve the ration card and salary increase, particularly retirees, workers and the continuation of appointments and contracts until the improvement of local employment opportunities.
Response to the requirements of the Iraqi economy and not fall into the problem of the economic recession, and this is done through several methods of the most important increase in public spending of the state to 235 trillion dinars, and reduce state ownership size, support mixed and private sectors to encourage the public to buy shares of state-owned companies that are privatized and retained with a large reserve to meet future risks, and the development of the Iraqi capital market in order to be able to perform the tasks required of it.
Response to the requirements of the local security through several means, including transfer pattern (of conduct) consumer of imported goods to domestic goods, and strive towards self-sufficiency, and reduce domestic production costs, and to prevent the importation of goods that can be produced or irreplaceable production locally.
Preservation of Iraq's wealth of foreign currency, and this is done from the adoption of several methods, including, select the number allowed to state its use of oil revenues in foreign currencies, including no more than 30 billion dollars, and keep the rest asset reserves of the Central Bank and the coming generations, and compel the government not to intervene in the exchange rates Locally dollar, and open a window for trading the dollar and the metals in the Iraqi capital market, and the inclusion of imports of the public sector tax and customs duties, and the recovery of money smuggled out of Iraq or hidden inside.
We will give in this article is a simplified picture of the amendment procedures that can be of the Council of seizures approval within his constitutional powers, or returned to the government to work under which it does not need a long time, knowing that he already we have a more comprehensive amendments to the budget in 2014 has been filed by the Committee of Economy representative to the House of Representatives, but not discussed because of the adoption of the budget in the sense that they are utilized.
The special revenue adjustments, including changing the sale price of oil now from $ 60 to $ 50 in harmony with the international prices, and the adoption of the exchange rate between the government and the central bank for the purposes of mutual settling accounts at 2,000 dinars / USD, and add the amount of 100 trillion dinars from sell assets and state companies, convert 5 trillion dollars of taxes that are imposed on the poor to the tax levied on imported goods for which there is a local alternative to it, and on this basis, the total revenue will be up to 235 trillion dinars.
The amendments in expenses, is up by maintaining a selected number of government operating expenses and investment of 125 trillion after making detailed changes within it, and most important of these changes are deducted (10) trillion dinars of investment expenditure and turn them into operational expenses that affect citizens like services, education and health ration card with the aim to reduce the disparity between the salaries, and are required to correct the overhead use rationalization policy rather than austerity, and rationalization serving to reduce unnecessary expenditure for the necessary expenses that affect citizens' daily lives while maintaining the number total expenses, also requires the correct door expenditure allocation of a new item named financing expenses total amount of $ (45) trillion dinars allocated to finance economic activities through the Fund for National Development with a capital of $ 30 trillion is working on financing for local production sectors easy procedures and the usefulness of a simple no more than 2%, as well as the allocation of (5 ) to start the campaign trillion housing through soft loans, and that includes this item funding of social activities through the allocation of $ 5 trillion dinars to reduce the level of poverty, and pay the rest of the provincial share of the allocation includes petrodollars.
And ending with the revised budget presence reserves of by 65 trillion of them (60) trillion reserves of the Central Bank's foreign exchange retention of oil revenues for 2015 and $ 5 trillion dinars reserve additional contingency, the following table shows the main lines of the budget amended, note that the full amendments to The bill is currently in the House of Representatives / Committee of Economy, which is generally a modest contribution need to debate and correction and revision, and it should be noted that some people might think some difficulty in the application of these amendments, but we are confident that this difficulty is slimmer than expected from the original budget difficulties, and must the confidence of the Iraqi people, officials and its ability to overcome the difficulties when he finds (people) the government is keen on interests and work to improve the quality of life and raise morale, The budget political, humanitarian and economic their meanings should be a tool to make life easier and not vice versa.
The proposed amendment to the federal budget for the year / 2015
[You must be registered and logged in to see this link.]
