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Iraq approves austere budget in light of a comprehensive economic paralysis
31-01-2015 10:10 AM
Approval of the Iraqi budget form in a relatively short time, a big event, prompted some Iraqis to exchange greetings on this occasion, after 12 years of chaos budget, amounted to not approve the budget in the last year.
Observers say that the budget approved by the Iraqi parliament late on Thursday , is the first budget characterized by realism and a few random gaps, and be approved during the relatively short time since 2003. The adoption of the budget through the throes of hard erupted during which a lot of political differences, especially in light of the sharp decline in oil revenues and the need to cut loose in the operating budget spending to reduce the deficit . adoption of the budget possible, was not it not for the improvement of relations between Baghdad and the Kurdistan region's semi-autonomous, but the drop in world oil prices has led to spending declined by about $ 105 billion (119 trillion dinars). The pass budget victory for Iraqi Prime Minister Haider al-Abadi, who feared that reflected lower Oil revenues negatively on the military campaign against al Daash, who swept a wide area in northern and western Iraq since last summer. The budget was amended to reduce the expected price of oil to $ 56 a barrel from a previous review now at $ 60 level. Expects the budget deficit of more than $ 22 billion. and was able to reduce expectations of satisfying some of the members of parliament who saw that previous estimates are unrealistic, but others are still criticize.Kazem Sayadi: political blocs and distributed the people's money, or rather has stolen his money and asked lawmaker Kazem Sayadi what If parliamentarians "lie to themselves or lying to the Iraqi people," the expectation of achieving the price of oil at $ 56 a barrel. It is feared some parliamentarians and experts from the widening budget deficit if oil prices remain below that level throughout the year, but most analysts and financial institutions likely return prices to rise in the second half of this year. It was Brent crude traded at just under $ 50 a barrel this week, a decline of $ 115 in mid-June. based budget to the export rate of 3.3 million barrels of oil, at a rate of 2.75 million barrels of fields of central and southern Iraq, and about 550 thousand barrels of Kirkuk and the Kurdistan region fields.Iraq relies 95 percent on revenues exports. and come Budgeting culmination of agreement Mali between Baghdad and the Kurdistan region includes the Kurds to export 300 thousand barrels of oil per day from Kirkuk and 250 thousand barrels per day from the fields for a stake of 17 percent from going forward. He criticized opponents of the size of the share of the Kurdistan region, calling as unfair. He said Sayadi: "There is not any legal drafting, there are no constitutional cover of this agreement, but it seems that the political blocs have distributed money of the Iraqi people, or rather had been stolen Iraqi people." The budget 2015 Ebadi sign of growing goodwill between Baghdad and the Kurdistan region with the participation of the parties in the fight against the organization of the Islamic state. and managed the budget of a significant reduction in the operating budget of the project, especially in the three presidencies and senior officials and members of parliament to spend, in an attempt to appease popular discontent officials expenses. The operating budget greater citizen imbalance in the budget, after the number of workers in the state of more than 5 million people, in addition to about two million retired, and represents a number, relative to the population, the highest in all over the world. Nechirvan Barzani: It's a very good balance, but unfortunately, Baghdad do not have the money , however included balancing the development of 50 thousand new jobs, in addition to the installation of all employees on temporary contracts who increase their service to three years.Under the budget on the capture of 15 percent of the large salaries for civil servants that it receives while the country become more financially stable. He praised the president of Iraq Nechirvan Barzani of the Kurdistan Regional Government approval of the budget, but he pointed out that the country is still suffering from severe financial hardship. He told Reuters: "It's very good, but unfortunately, Baghdad does not have the money." It is expected that the government is blocking the deficit through treasury bills and government bonds and borrowing from local banks. The budget that Iraq plans to withdraw funds from the International Monetary Fund through its assigned special drawing rights, in addition to the introduction of a tax on imported cars and cards mobile phone and the Internet. agreed Kuwait to postpone the payment of Iraq reparations for the invasion in 1990, where he has been postponed payment for one year. The inability of the Iraqi parliament last year for adoption of the budget because of the large differences between the political blocs because of the former Iraqi Prime Minister Nuri al-Maliki's policies. The reduced budget operating expenses for the three presidencies (the Republic, ministers and MPs) by about $ 4.4 billion, in addition to reducing the expenses of independent bodies The ministries and government institutions. Attorney Masoud Haider said he canceled some provisions of the Iraqi parliament, including those allocated for the purchase of armored vehicles against bullets. and raised budget allocations displaced to about $ 2.2 billion, and allocated about $ 1.06 billion to support the reconstruction of the affected areas Fund of battles with al Daash in the provinces of Diyala, Anbar and Salahuddin and Nineveh.
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31-01-2015 10:10 AM
Approval of the Iraqi budget form in a relatively short time, a big event, prompted some Iraqis to exchange greetings on this occasion, after 12 years of chaos budget, amounted to not approve the budget in the last year.
Observers say that the budget approved by the Iraqi parliament late on Thursday , is the first budget characterized by realism and a few random gaps, and be approved during the relatively short time since 2003. The adoption of the budget through the throes of hard erupted during which a lot of political differences, especially in light of the sharp decline in oil revenues and the need to cut loose in the operating budget spending to reduce the deficit . adoption of the budget possible, was not it not for the improvement of relations between Baghdad and the Kurdistan region's semi-autonomous, but the drop in world oil prices has led to spending declined by about $ 105 billion (119 trillion dinars). The pass budget victory for Iraqi Prime Minister Haider al-Abadi, who feared that reflected lower Oil revenues negatively on the military campaign against al Daash, who swept a wide area in northern and western Iraq since last summer. The budget was amended to reduce the expected price of oil to $ 56 a barrel from a previous review now at $ 60 level. Expects the budget deficit of more than $ 22 billion. and was able to reduce expectations of satisfying some of the members of parliament who saw that previous estimates are unrealistic, but others are still criticize.Kazem Sayadi: political blocs and distributed the people's money, or rather has stolen his money and asked lawmaker Kazem Sayadi what If parliamentarians "lie to themselves or lying to the Iraqi people," the expectation of achieving the price of oil at $ 56 a barrel. It is feared some parliamentarians and experts from the widening budget deficit if oil prices remain below that level throughout the year, but most analysts and financial institutions likely return prices to rise in the second half of this year. It was Brent crude traded at just under $ 50 a barrel this week, a decline of $ 115 in mid-June. based budget to the export rate of 3.3 million barrels of oil, at a rate of 2.75 million barrels of fields of central and southern Iraq, and about 550 thousand barrels of Kirkuk and the Kurdistan region fields.Iraq relies 95 percent on revenues exports. and come Budgeting culmination of agreement Mali between Baghdad and the Kurdistan region includes the Kurds to export 300 thousand barrels of oil per day from Kirkuk and 250 thousand barrels per day from the fields for a stake of 17 percent from going forward. He criticized opponents of the size of the share of the Kurdistan region, calling as unfair. He said Sayadi: "There is not any legal drafting, there are no constitutional cover of this agreement, but it seems that the political blocs have distributed money of the Iraqi people, or rather had been stolen Iraqi people." The budget 2015 Ebadi sign of growing goodwill between Baghdad and the Kurdistan region with the participation of the parties in the fight against the organization of the Islamic state. and managed the budget of a significant reduction in the operating budget of the project, especially in the three presidencies and senior officials and members of parliament to spend, in an attempt to appease popular discontent officials expenses. The operating budget greater citizen imbalance in the budget, after the number of workers in the state of more than 5 million people, in addition to about two million retired, and represents a number, relative to the population, the highest in all over the world. Nechirvan Barzani: It's a very good balance, but unfortunately, Baghdad do not have the money , however included balancing the development of 50 thousand new jobs, in addition to the installation of all employees on temporary contracts who increase their service to three years.Under the budget on the capture of 15 percent of the large salaries for civil servants that it receives while the country become more financially stable. He praised the president of Iraq Nechirvan Barzani of the Kurdistan Regional Government approval of the budget, but he pointed out that the country is still suffering from severe financial hardship. He told Reuters: "It's very good, but unfortunately, Baghdad does not have the money." It is expected that the government is blocking the deficit through treasury bills and government bonds and borrowing from local banks. The budget that Iraq plans to withdraw funds from the International Monetary Fund through its assigned special drawing rights, in addition to the introduction of a tax on imported cars and cards mobile phone and the Internet. agreed Kuwait to postpone the payment of Iraq reparations for the invasion in 1990, where he has been postponed payment for one year. The inability of the Iraqi parliament last year for adoption of the budget because of the large differences between the political blocs because of the former Iraqi Prime Minister Nuri al-Maliki's policies. The reduced budget operating expenses for the three presidencies (the Republic, ministers and MPs) by about $ 4.4 billion, in addition to reducing the expenses of independent bodies The ministries and government institutions. Attorney Masoud Haider said he canceled some provisions of the Iraqi parliament, including those allocated for the purchase of armored vehicles against bullets. and raised budget allocations displaced to about $ 2.2 billion, and allocated about $ 1.06 billion to support the reconstruction of the affected areas Fund of battles with al Daash in the provinces of Diyala, Anbar and Salahuddin and Nineveh.
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