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Proposals to address the mistakes made in the draft federal budget for 2015 Law
D. Ward star
Date: 01/10/2015
Books / d. Ward star ...
4. Dollar Exchange Rate
Before 2003, the exchange rate of the dollar up to 3,000 dinars / USD began the government since 2004, seeking to raise the value of the Iraqi dinar even brought him to 1,200 dinars / USD, has been the general framework of this policy is to improve the living conditions of citizens and strengthen the Iraqi economy, which lie sincerity many Unfortunately, still insist on some yet despite its devastating effects on the people of Iraq and the economy, has been the cost of living for a simple citizen, when the dollar was worth three thousand dinars, and was able to citizen living standard is very acceptable at $ (300) thousand dinars, which is equivalent to (100) dollars, and he can buy a suitable house in a good area, including not more than $ 5,000 dollars, but now the dinar has increased its value, those living easy has become a dream of the past, and it is true that the humanitarian situation at the time was painful, but we talking about the price level rather than luxury, and imagine if the citizen now living Bmdjulath current and past prices.
Iraq's economy has become paralyzed because of this mistaken policy and stop production activity in general, industries are like clothes, shoes, furniture and so on have stopped, as well as agriculture and other sectors because of their ability compete with imported goods, and contributed to aggravate the situation the devaluation of local currencies of countries exporting goods or pro-export policies, Even Iraq has become a market open to all goods and worst origins and qualities, and increased fees for services from shaving prices even medicine through the transportation, construction, tourism and others and became the living situation dearly and suffocating, and the most dangerous outcome for the lifting of the Iraqi dinar exchange is turning Iraqi consumers of local goods from the behavior of the Goods importing of any kind and importance, and filled with markets to goods imported from moisturizers and Nsatl and biscuits and dates, and others which goods can be produced locally, and this led to the demise of domestic production activity and lost millions of jobs, and turning the unemployed towards working in the government apparatus in any way and this device can not absorb all the unemployed, and therefore Iraq essential and important sources to create access from the local productive activity, also became the local security depends on foreign countries ranging from arming even food, the longer the Iraqi Central Bank of more bodies impeding the Iraqi economy, by launching the billions of dollars in auction currency used to import goods as well trivial continuous smuggling of these currencies.
The monetary crisis in the Iraqi state at the present time may be positive results in the case of abandoning the state to intervene in the exchange rate of the dollar and let the price movement of the market and the relationship between supply and demand, even if it led to a decline in the value of the dinar, this decline will affect the imported goods and possible to be in favor of domestic production, the more the Iraqi dinar increased decline as domestic production improvement and increased employment opportunities and increased access, and will be reflected in the end, to reduce the cost of living for the Iraqi people and to increase the real income and, of course, it will not be Balomnaat, but it is in need of work Industrious from the Iraqi government and in the Introduction measures that can be undertaken by the Government is setting up a fund for national development huge capital could finance domestic production simple benefits does not exceed 2% per annum, and the state should act to amend the Iraqi consumer behavior and turn toward domestic goods for many procedures in the forefront of distribution local agricultural products within the ration card, and re-work the central markets and associations of the General Federation of cooperation in addition to starting wide campaign to save millions of housing units for citizens, and all this must be done through the 2015 budget, which ignored the budget fell errors heavy.
5 neglected domestic production elements
It is known that the basic factors of production (input) is four (labor, land management and capital), and these elements have seen intense pressure over the past years in return for full openness to imports, and we expect to correct the situation in the new government but the 2015 budget came to destroy the hopes of producers and workers in sectors of the local economy from agriculture, industry and tourism services, where repeated government officials statements that initiatives Statistics and loans that they provide a minimum of resilience requirements and continue to sector domestic production has gone unheeded, because the new budget does not include any support for agricultural initiatives, industrial or housing or educational and does not include any facilities or additional loans, but to the entire country heading towards a deflationary policy in the fiscal and monetary sides.
The Ministry of Planning has disrupted the Iraqi capital claim (empty) that the level of inflation in Iraq is very stable, and that there are no increases in the level of the CPI CPI prices, at a time to find the Iraqi himself amid fantastically rise in real estate prices (housing) more than one hundred times and high fuel prices (energy) more than (50) weakness and its impact on all goods and services that are affected by these two commodities, and the Iraqis to believe the Ministry of Planning and lie what they see in real life, and hard that inflation in Iraq is inflated cost and not the result of an increase in aggregate demand and thus It is inflated artificially, as the fuel price hike and real estate was intentional because it led to a general rise in all commodities and services and deprive the local production of any competitive capabilities sector, turning the consumption pattern towards imported goods cheap and led to an increase in the number of unemployed and their quest for employment in circles State to provide the minimum requirements of life, and now comes the 2015 budget by the desperate and futile and leading to the closure of the doors in front of government hiring and without that opens any door to activate the domestic production, and without that one of the officials ask himself where to turn unemployed? .
At present, most of the domestic production elements Off from work, and will work the remaining elements stops due to the decline will happen in imported goods, especially from China and Turkey to lower oil prices, and was supposed budget to deal with it but neglected illogically, Iraqis now face pressure painful , The forces operating under a steady rise in the cost of living, especially housing, fuel, transportation, and lack of employment opportunities and increasing unemployment, in addition to the problems resulting from the current security situation of the increasing numbers of displaced persons and displaced persons and the loss of jobs and sources of income, and facing the Iraqi administrations situation dire, the mixed sector, which produced various commodities for the Iraqi people has collapsed and can not find any support from the state, and even local companies that do business such as dates, agricultural marketing and meat products, has become a prey to the invasion of imported goods, while local products go to the damage.
And if the private sector is no different from the case of the mixed sector, where he stopped repairs and maintenance activity, as well as sewing and clothing, footwear and leather, textile, construction and construction activity and a lot of industrial and agricultural activities and the production of poultry and meat, and exposed local services to deteriorate, especially in the field of medicine, education and domestic tourism, and the remainder of the These activities active only (taxis), shops and Albesttiyat, which have become more carefree on the heart and become active inadequate to cover the cost of living due to the large number of employees more than the need for the lack of other employment opportunities Fddhm, the capital has suffered a serious setback because of the previous budgets, and came The new budget for more than insult to injury, where he became an investor capital measure himself and so was the loss of the distinction between the terms of businessman Business man (activity maker) and the man money Money man (funding maker), and if the businessman wanted to get financing with a loan, it faces a very difficult and even If he got the interest it will be very large, it goes without saying that most of the land necessary for the establishment of local production projects are the property of the state, and to get them requires complicated procedures and large costs are often obtained in a way bad Musataha results and thus loses the investor benefit from the capitalist yield Capital gain and transmits the cost of construction on the price of the item produced becomes uneconomical and therefore either lost or dismissed for investment.
A lot of Iraqi Industrialists have fled to neighboring and nearby or States to China and set up the transactions for the production of goods that are invading Iraqi market due to the facilities offered by these countries to the producers, but the impact was devastating at the local level of security, especially in the area of operation of the unemployed and reduce the level of poverty, and generally suffer domestic production elements of the high costs of financing, interest, rents and operating expenses, especially energy and cost of the security situation and the risk, and this led to a rise in domestic product prices and poor quality, which cost him the ability to compete against imported goods, and strange in the subject that the previous governments disclaim all responsibility and demands of the local product make efforts in order to compete with imported goods as if these efforts within the reach of the Iraqi Product poor hand there are countries and huge cartels behind dumping the domestic market of imported goods, has abounded claims of industrial and agricultural associations, trade unions and civil society organizations need to domestic production support and provide potential and support required to cope with flood the market goods imported, but these claims are not heeded, and we came out of some government officials strange idea is the deduction of 1% of the amount of the budget each year to create a fund to support local production, and the Iraqis wait for decades in a state of poverty and unemployment even available the money needed to run the elements domestic production.
Poverty is a major cause of the collapse of the security situation, as well as unemployment and a weak level of human development, and that the key to ending it is the local production sector development, and this development need to fund a massive capital immediately is to start on it in conjunction with effective measures to harass imported goods, and the first steps that must be take in this area are mixed sector development and return the former to put it in conjunction with the private sector development in all areas, and the second step is to do a national campaign to build more than three million units by the citizens Btzlev rewarding and benefits is very simple, note that this campaign will not cost the balance of payments Iraqi more than three billion dollars in foreign currency to cover the value of the construction materials imported, but it will provide millions of jobs for the unemployed and lead to run all aspects of the national economy and boost the morale of the people and contribute to the reduction of real estate, which reached the imaginary numbers prices, the third step they support each production Local uses local materials, or running the Iraqi workers and this support takes many forms in the forefront of reducing energy prices and fuel costs, and all these things are ignored by the 2015 budget, so we will give in the next and final episode solutions to these problems by conducting the required amendments to the draft budget, and we hope Gentlemen officials read these amendments in spite of our knowledge of abundance concerns and obligations that do not leave them enough time to read.
6 proposed amendments to the draft budget
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 intended Economic 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:
1. 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.
2. respond 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, which be privatized, and keep with large reserves to meet future risks, and the development of the Iraqi capital market in order to be able to perform the tasks required of it.
3. Response to the requirements of the local security through several means, including transfer pattern (of conduct), consumer goods imported from domestic goods to, and the pursuit of self-sufficiency, and reduce domestic production costs, and to prevent the importation of goods that can be produced or irreplaceable production locally.
4. 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 interfere in dollar exchange rates locally, and open a window for trading the dollar and the metals in the Iraqi capital market, and the inclusion of public sector imports taxes 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 the House of Representatives approved 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 of 2014 has been filed by the Committee for Economic parliamentary 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 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 and investment expenses 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 central bank foreign exchange reserves retained from oil revenues for 2015 and $ 5 trillion dinars additional contingency reserve, 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 (trillion dinars)
Expenditures
90 operational expenses after the detailed amendments
35 investment expenses after detailed amendments
45 financing expenses, including 30 of the National Development Fund and 5 of the Housing Fund and 5 to fund poverty reduction and 5 customizable rest of petrodollars
65 reserves, including 60 central bank reserves (dollars) and 5 emergency reserve
235 total expenditure
Revenue
120 oil revenues
15 Other income after detailed amendments
100 sale of government assets revenues
235 Total revenue
[You must be registered and logged in to see this link.]
D. Ward star
Date: 01/10/2015
Books / d. Ward star ...
4. Dollar Exchange Rate
Before 2003, the exchange rate of the dollar up to 3,000 dinars / USD began the government since 2004, seeking to raise the value of the Iraqi dinar even brought him to 1,200 dinars / USD, has been the general framework of this policy is to improve the living conditions of citizens and strengthen the Iraqi economy, which lie sincerity many Unfortunately, still insist on some yet despite its devastating effects on the people of Iraq and the economy, has been the cost of living for a simple citizen, when the dollar was worth three thousand dinars, and was able to citizen living standard is very acceptable at $ (300) thousand dinars, which is equivalent to (100) dollars, and he can buy a suitable house in a good area, including not more than $ 5,000 dollars, but now the dinar has increased its value, those living easy has become a dream of the past, and it is true that the humanitarian situation at the time was painful, but we talking about the price level rather than luxury, and imagine if the citizen now living Bmdjulath current and past prices.
Iraq's economy has become paralyzed because of this mistaken policy and stop production activity in general, industries are like clothes, shoes, furniture and so on have stopped, as well as agriculture and other sectors because of their ability compete with imported goods, and contributed to aggravate the situation the devaluation of local currencies of countries exporting goods or pro-export policies, Even Iraq has become a market open to all goods and worst origins and qualities, and increased fees for services from shaving prices even medicine through the transportation, construction, tourism and others and became the living situation dearly and suffocating, and the most dangerous outcome for the lifting of the Iraqi dinar exchange is turning Iraqi consumers of local goods from the behavior of the Goods importing of any kind and importance, and filled with markets to goods imported from moisturizers and Nsatl and biscuits and dates, and others which goods can be produced locally, and this led to the demise of domestic production activity and lost millions of jobs, and turning the unemployed towards working in the government apparatus in any way and this device can not absorb all the unemployed, and therefore Iraq essential and important sources to create access from the local productive activity, also became the local security depends on foreign countries ranging from arming even food, the longer the Iraqi Central Bank of more bodies impeding the Iraqi economy, by launching the billions of dollars in auction currency used to import goods as well trivial continuous smuggling of these currencies.
The monetary crisis in the Iraqi state at the present time may be positive results in the case of abandoning the state to intervene in the exchange rate of the dollar and let the price movement of the market and the relationship between supply and demand, even if it led to a decline in the value of the dinar, this decline will affect the imported goods and possible to be in favor of domestic production, the more the Iraqi dinar increased decline as domestic production improvement and increased employment opportunities and increased access, and will be reflected in the end, to reduce the cost of living for the Iraqi people and to increase the real income and, of course, it will not be Balomnaat, but it is in need of work Industrious from the Iraqi government and in the Introduction measures that can be undertaken by the Government is setting up a fund for national development huge capital could finance domestic production simple benefits does not exceed 2% per annum, and the state should act to amend the Iraqi consumer behavior and turn toward domestic goods for many procedures in the forefront of distribution local agricultural products within the ration card, and re-work the central markets and associations of the General Federation of cooperation in addition to starting wide campaign to save millions of housing units for citizens, and all this must be done through the 2015 budget, which ignored the budget fell errors heavy.
5 neglected domestic production elements
It is known that the basic factors of production (input) is four (labor, land management and capital), and these elements have seen intense pressure over the past years in return for full openness to imports, and we expect to correct the situation in the new government but the 2015 budget came to destroy the hopes of producers and workers in sectors of the local economy from agriculture, industry and tourism services, where repeated government officials statements that initiatives Statistics and loans that they provide a minimum of resilience requirements and continue to sector domestic production has gone unheeded, because the new budget does not include any support for agricultural initiatives, industrial or housing or educational and does not include any facilities or additional loans, but to the entire country heading towards a deflationary policy in the fiscal and monetary sides.
The Ministry of Planning has disrupted the Iraqi capital claim (empty) that the level of inflation in Iraq is very stable, and that there are no increases in the level of the CPI CPI prices, at a time to find the Iraqi himself amid fantastically rise in real estate prices (housing) more than one hundred times and high fuel prices (energy) more than (50) weakness and its impact on all goods and services that are affected by these two commodities, and the Iraqis to believe the Ministry of Planning and lie what they see in real life, and hard that inflation in Iraq is inflated cost and not the result of an increase in aggregate demand and thus It is inflated artificially, as the fuel price hike and real estate was intentional because it led to a general rise in all commodities and services and deprive the local production of any competitive capabilities sector, turning the consumption pattern towards imported goods cheap and led to an increase in the number of unemployed and their quest for employment in circles State to provide the minimum requirements of life, and now comes the 2015 budget by the desperate and futile and leading to the closure of the doors in front of government hiring and without that opens any door to activate the domestic production, and without that one of the officials ask himself where to turn unemployed? .
At present, most of the domestic production elements Off from work, and will work the remaining elements stops due to the decline will happen in imported goods, especially from China and Turkey to lower oil prices, and was supposed budget to deal with it but neglected illogically, Iraqis now face pressure painful , The forces operating under a steady rise in the cost of living, especially housing, fuel, transportation, and lack of employment opportunities and increasing unemployment, in addition to the problems resulting from the current security situation of the increasing numbers of displaced persons and displaced persons and the loss of jobs and sources of income, and facing the Iraqi administrations situation dire, the mixed sector, which produced various commodities for the Iraqi people has collapsed and can not find any support from the state, and even local companies that do business such as dates, agricultural marketing and meat products, has become a prey to the invasion of imported goods, while local products go to the damage.
And if the private sector is no different from the case of the mixed sector, where he stopped repairs and maintenance activity, as well as sewing and clothing, footwear and leather, textile, construction and construction activity and a lot of industrial and agricultural activities and the production of poultry and meat, and exposed local services to deteriorate, especially in the field of medicine, education and domestic tourism, and the remainder of the These activities active only (taxis), shops and Albesttiyat, which have become more carefree on the heart and become active inadequate to cover the cost of living due to the large number of employees more than the need for the lack of other employment opportunities Fddhm, the capital has suffered a serious setback because of the previous budgets, and came The new budget for more than insult to injury, where he became an investor capital measure himself and so was the loss of the distinction between the terms of businessman Business man (activity maker) and the man money Money man (funding maker), and if the businessman wanted to get financing with a loan, it faces a very difficult and even If he got the interest it will be very large, it goes without saying that most of the land necessary for the establishment of local production projects are the property of the state, and to get them requires complicated procedures and large costs are often obtained in a way bad Musataha results and thus loses the investor benefit from the capitalist yield Capital gain and transmits the cost of construction on the price of the item produced becomes uneconomical and therefore either lost or dismissed for investment.
A lot of Iraqi Industrialists have fled to neighboring and nearby or States to China and set up the transactions for the production of goods that are invading Iraqi market due to the facilities offered by these countries to the producers, but the impact was devastating at the local level of security, especially in the area of operation of the unemployed and reduce the level of poverty, and generally suffer domestic production elements of the high costs of financing, interest, rents and operating expenses, especially energy and cost of the security situation and the risk, and this led to a rise in domestic product prices and poor quality, which cost him the ability to compete against imported goods, and strange in the subject that the previous governments disclaim all responsibility and demands of the local product make efforts in order to compete with imported goods as if these efforts within the reach of the Iraqi Product poor hand there are countries and huge cartels behind dumping the domestic market of imported goods, has abounded claims of industrial and agricultural associations, trade unions and civil society organizations need to domestic production support and provide potential and support required to cope with flood the market goods imported, but these claims are not heeded, and we came out of some government officials strange idea is the deduction of 1% of the amount of the budget each year to create a fund to support local production, and the Iraqis wait for decades in a state of poverty and unemployment even available the money needed to run the elements domestic production.
Poverty is a major cause of the collapse of the security situation, as well as unemployment and a weak level of human development, and that the key to ending it is the local production sector development, and this development need to fund a massive capital immediately is to start on it in conjunction with effective measures to harass imported goods, and the first steps that must be take in this area are mixed sector development and return the former to put it in conjunction with the private sector development in all areas, and the second step is to do a national campaign to build more than three million units by the citizens Btzlev rewarding and benefits is very simple, note that this campaign will not cost the balance of payments Iraqi more than three billion dollars in foreign currency to cover the value of the construction materials imported, but it will provide millions of jobs for the unemployed and lead to run all aspects of the national economy and boost the morale of the people and contribute to the reduction of real estate, which reached the imaginary numbers prices, the third step they support each production Local uses local materials, or running the Iraqi workers and this support takes many forms in the forefront of reducing energy prices and fuel costs, and all these things are ignored by the 2015 budget, so we will give in the next and final episode solutions to these problems by conducting the required amendments to the draft budget, and we hope Gentlemen officials read these amendments in spite of our knowledge of abundance concerns and obligations that do not leave them enough time to read.
6 proposed amendments to the draft budget
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 intended Economic 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:
1. 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.
2. respond 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, which be privatized, and keep with large reserves to meet future risks, and the development of the Iraqi capital market in order to be able to perform the tasks required of it.
3. Response to the requirements of the local security through several means, including transfer pattern (of conduct), consumer goods imported from domestic goods to, and the pursuit of self-sufficiency, and reduce domestic production costs, and to prevent the importation of goods that can be produced or irreplaceable production locally.
4. 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 interfere in dollar exchange rates locally, and open a window for trading the dollar and the metals in the Iraqi capital market, and the inclusion of public sector imports taxes 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 the House of Representatives approved 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 of 2014 has been filed by the Committee for Economic parliamentary 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 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 and investment expenses 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 central bank foreign exchange reserves retained from oil revenues for 2015 and $ 5 trillion dinars additional contingency reserve, 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 (trillion dinars)
Expenditures
90 operational expenses after the detailed amendments
35 investment expenses after detailed amendments
45 financing expenses, including 30 of the National Development Fund and 5 of the Housing Fund and 5 to fund poverty reduction and 5 customizable rest of petrodollars
65 reserves, including 60 central bank reserves (dollars) and 5 emergency reserve
235 total expenditure
Revenue
120 oil revenues
15 Other income after detailed amendments
100 sale of government assets revenues
235 Total revenue
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