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The timing of the budget is encouraging to start implementing projects
2/2/2015 0:00
56 dollars acceptable price for a barrel of oil in the light of expectations of recovery
BAGHDAD - Mustafa al-Hashimi - thank Fatlawi
confirmed economist Dr. Hilal Taan: The budget year 2015 budget is closer to reality after a reduction of the price of a barrel of oil from the adoption of the $ 60- $ 56. As called Dean of the Faculty of Management and Economics at the University of Mustansiriya Dr. Qusay al-Jabri to the face of declining oil prices activating the productive sectors, particularly tourism being prepared at the present time more than other sectors in need of 5 _ 7 years.
It was the adoption of the budget for the current year with revenue of $ 119 trillion dinars (about 105 billion US dollars) and a deficit of as much as 25 trillion dinars at a rate of energy export oil of 3.3 million barrels a day.
And the difference in the price per barrel of current oil and the figure mentioned in the budget and its impact on public revenues, Taan said in a statement the "morning", that "Budget is a full year, not a month or two months where," explaining that "there are expectations that the world price is recovering because of the continuing cold waves that hit a number of American States and Europe, as well as some of the political events that have contributed to a modest rise in the world price of a barrel of oil."
He noted that slowing growth in emerging economy countries and oversupply impact also on the rise graph of a barrel of oil, stressing that the revitalization of the productive sectors and reduce dependence on oil as a resource and a single budget would reduce the waning impact of global prices in Iraq's budget.
and imposed budget sales tax on Kartat mobilize mobile networks and the Internet phone 20 percent of the card value and 15 percent on the purchase of cars of all kinds, as well as tickets, also decided to reduce the number of cars of the three presidencies to five cars each, and reduce the number of cars minister to three cars only.
Furthermore, praised the President of the Parliament Salim al-Jubouri, the adoption of the budget, stressing that Iraq has not seen since 2003 to pass the state budget law within a month.
in turn suggested a professor of economic theory to be a budget for the coming year's budget goals and programs and not to maintain the current budget because they do not characterized by the potential of the face of the variables that occur on the economy.
He called Dean of the Faculty of Business and Economics at the University of Mustansiriya Dr. Qusay al-Jabri in his "morning", to prepare the next budget according to a new mechanism in the light of the objectives prepared in advance and be prepared in a timely manner and meet all possible and responsive her problems.
He Jabri to the need not to exaggerate assignments operating budget , pointing out that it is on the basis of negotiations, not the scientific study of a style not realistic or transparency.
He explained that there is a reduction in the allocations, but not great average, urging the need for the state departments rationalization of spending, especially in the non-essential aspects and bring them closer to the truth and to the goals the stomach.
He also pointed out that the investment budget suffers from the problem of catch it always; it is the problem of administrative and productivity decline, "If we calculated the productivity of public expenditure in the investment budget find them low productivity; any state that is drainage and there is no results on the ground requires radical solutions in the subject of the investment budget, preparation and is determined by the productivity of public expenditure and accounting Shortened circles ". Noting that it would be a deterrent factor directed in the right direction, he said.
Jabri promised to approve the budget in 2015 at this time a positive issue can start investment projects early, noting that the failure to approve last year's budget forced the state to work in accordance with the basis of the exchange 1/12 of the year the former, what is in all administrative units and ministries is very large and disrupted a lot of investment projects, which it was hoped that the move during the last year.
He concluded Jabri his reference to that oil prices are not subject to the desires and wishes but are subject to reality, stressing the need to cope with lower oil prices activate other sectors, particularly the tourism sector being prepared at the present time more than other sectors that need of 5-7 years, which may delay supplement the federal budget at the present time, not to mention obtaining the tax and customs fees that may be imposed on tourists. v
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2/2/2015 0:00
56 dollars acceptable price for a barrel of oil in the light of expectations of recovery
BAGHDAD - Mustafa al-Hashimi - thank Fatlawi
confirmed economist Dr. Hilal Taan: The budget year 2015 budget is closer to reality after a reduction of the price of a barrel of oil from the adoption of the $ 60- $ 56. As called Dean of the Faculty of Management and Economics at the University of Mustansiriya Dr. Qusay al-Jabri to the face of declining oil prices activating the productive sectors, particularly tourism being prepared at the present time more than other sectors in need of 5 _ 7 years.
It was the adoption of the budget for the current year with revenue of $ 119 trillion dinars (about 105 billion US dollars) and a deficit of as much as 25 trillion dinars at a rate of energy export oil of 3.3 million barrels a day.
And the difference in the price per barrel of current oil and the figure mentioned in the budget and its impact on public revenues, Taan said in a statement the "morning", that "Budget is a full year, not a month or two months where," explaining that "there are expectations that the world price is recovering because of the continuing cold waves that hit a number of American States and Europe, as well as some of the political events that have contributed to a modest rise in the world price of a barrel of oil."
He noted that slowing growth in emerging economy countries and oversupply impact also on the rise graph of a barrel of oil, stressing that the revitalization of the productive sectors and reduce dependence on oil as a resource and a single budget would reduce the waning impact of global prices in Iraq's budget.
and imposed budget sales tax on Kartat mobilize mobile networks and the Internet phone 20 percent of the card value and 15 percent on the purchase of cars of all kinds, as well as tickets, also decided to reduce the number of cars of the three presidencies to five cars each, and reduce the number of cars minister to three cars only.
Furthermore, praised the President of the Parliament Salim al-Jubouri, the adoption of the budget, stressing that Iraq has not seen since 2003 to pass the state budget law within a month.
in turn suggested a professor of economic theory to be a budget for the coming year's budget goals and programs and not to maintain the current budget because they do not characterized by the potential of the face of the variables that occur on the economy.
He called Dean of the Faculty of Business and Economics at the University of Mustansiriya Dr. Qusay al-Jabri in his "morning", to prepare the next budget according to a new mechanism in the light of the objectives prepared in advance and be prepared in a timely manner and meet all possible and responsive her problems.
He Jabri to the need not to exaggerate assignments operating budget , pointing out that it is on the basis of negotiations, not the scientific study of a style not realistic or transparency.
He explained that there is a reduction in the allocations, but not great average, urging the need for the state departments rationalization of spending, especially in the non-essential aspects and bring them closer to the truth and to the goals the stomach.
He also pointed out that the investment budget suffers from the problem of catch it always; it is the problem of administrative and productivity decline, "If we calculated the productivity of public expenditure in the investment budget find them low productivity; any state that is drainage and there is no results on the ground requires radical solutions in the subject of the investment budget, preparation and is determined by the productivity of public expenditure and accounting Shortened circles ". Noting that it would be a deterrent factor directed in the right direction, he said.
Jabri promised to approve the budget in 2015 at this time a positive issue can start investment projects early, noting that the failure to approve last year's budget forced the state to work in accordance with the basis of the exchange 1/12 of the year the former, what is in all administrative units and ministries is very large and disrupted a lot of investment projects, which it was hoped that the move during the last year.
He concluded Jabri his reference to that oil prices are not subject to the desires and wishes but are subject to reality, stressing the need to cope with lower oil prices activate other sectors, particularly the tourism sector being prepared at the present time more than other sectors that need of 5-7 years, which may delay supplement the federal budget at the present time, not to mention obtaining the tax and customs fees that may be imposed on tourists. v
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