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Economists: national savings make sound and productive culture
02/20/2015
Baghdad virgin
Article (37) of the federal budget for 2015 Act: (for the purpose of the contribution of employees in the state and the public sector in the face of economic challenges and to support our security forces in securing the war against terrorism requirements are adopted national savings to the staff of the state system and the public sector issued by the Council of Ministers Federal and abide by the Ministry of Finance to re amounts that have been saved from staff if the check financial abundance).
The system of national savings to state employees and the public sector-like system employed by the nations of the world to meet the liquidity and control, or because there is inflation in the prices of goods and services and so-called savings compulsory, a new system applied in Iraq for the first time and carries a lot of ambiguity in the legal and economic nature.
constructive economic policy
showed an economic expert and member of the governing body of the union of Iraqi economists Dr. Ikram Abdul Aziz:
The savings compulsory is one of the issues raised in order to close the budget deficit, a proper procedure has topical interest of the state, but wondered about the mechanism that will be adopted by the state in the application of this savings?
Is there a benefit Interview price? Because the conventional economic concepts that saving is hoarding it must be there interest rate in exchange for these
payments, calling for taking into account the variation in the salaries of employees in different ministries and bodies and life necessities.
Legal aspects
and explains Judge Nasser Omran al-Moussawi, the legal aspects for the implementation of the system national savings, saying: "If borrowing is compulsory, we will enter in the loan door without interest and has the legal provisions, and the most important of the will of the parties and free selected and the amount of the loan and the length of time?".
He added, "If Edjara was an investment, what is the practical mechanism to him? and also will be present will element, There are a lot of like the system of legal regulations and will be determined at the national savings scheme issued by the Council of Ministers. Or is optional, it also has legal Achkalyate When are percentages of employees' salaries truncated binding be in front of constitutional violations related to the right to property and to dispose of them and the violation of civil law valuable article (1048) and the Civil Service Act No. 24 of 1960 as amended in Article (60). " He continues, al-Moussawi, that "the determination of all Ojpth Article (37) to the Council of Ministers, on the basis of Article 80, paragraph (iii) of Aldstoralta states: (regulations, instructions and decisions issued to implement the laws) For the purpose of implementation of the budget law, the National Provident personnel system version the state and the public sector for the purpose of contributing to the economic and security challenges and the fight against terrorism and is committed to the Ministry of Finance to re amounts if the check financial abundance.
And here we are in front of several questions, the most important withholdings ratios taking into account other laws in addition to the categories covered by the staff. "
As for the refunds mechanism, the Setting the standard (check financial abundance) the flexibility thing a lot, is that the same employee may be compelled to go to court when you do not get the money, and talk about it all depends As mentioned issuance of national savings system by the Council of Ministers, which will answer all of those Altsawlat?
He is professor of political science at the University of Tikrit, Dr. Abdul Rahman al-Mashhadani said how much they will Asdh amount of revenue as a result of savings compulsory is a billion dollars, a small percentage if we compare it by the total budget deficit of $ 23 billion, and the savings will include many segments of Iraqi society staff slice of third-degree holders and above this category does not clog the only accounted for 25 percent of the total amount will be blocked by the three presidencies salaries, and this means that the savings will be moving on salaries that range between 700 dinars and one million dinars, and this affects the movement of the market and lead to deflation, while is possible to go to other outlets give greater revenues such as increased obtaining the tax levied on all citizens ratios.
For his part, the sociologist Dr. Mohammed Abdul Hassan said most societies in the world that encourage savings, but this culture is absent from the social arena in Iraq, and we need to be activated for through our curriculum and in the work of our institutions.
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02/20/2015
Baghdad virgin
Article (37) of the federal budget for 2015 Act: (for the purpose of the contribution of employees in the state and the public sector in the face of economic challenges and to support our security forces in securing the war against terrorism requirements are adopted national savings to the staff of the state system and the public sector issued by the Council of Ministers Federal and abide by the Ministry of Finance to re amounts that have been saved from staff if the check financial abundance).
The system of national savings to state employees and the public sector-like system employed by the nations of the world to meet the liquidity and control, or because there is inflation in the prices of goods and services and so-called savings compulsory, a new system applied in Iraq for the first time and carries a lot of ambiguity in the legal and economic nature.
constructive economic policy
showed an economic expert and member of the governing body of the union of Iraqi economists Dr. Ikram Abdul Aziz:
The savings compulsory is one of the issues raised in order to close the budget deficit, a proper procedure has topical interest of the state, but wondered about the mechanism that will be adopted by the state in the application of this savings?
Is there a benefit Interview price? Because the conventional economic concepts that saving is hoarding it must be there interest rate in exchange for these
payments, calling for taking into account the variation in the salaries of employees in different ministries and bodies and life necessities.
Legal aspects
and explains Judge Nasser Omran al-Moussawi, the legal aspects for the implementation of the system national savings, saying: "If borrowing is compulsory, we will enter in the loan door without interest and has the legal provisions, and the most important of the will of the parties and free selected and the amount of the loan and the length of time?".
He added, "If Edjara was an investment, what is the practical mechanism to him? and also will be present will element, There are a lot of like the system of legal regulations and will be determined at the national savings scheme issued by the Council of Ministers. Or is optional, it also has legal Achkalyate When are percentages of employees' salaries truncated binding be in front of constitutional violations related to the right to property and to dispose of them and the violation of civil law valuable article (1048) and the Civil Service Act No. 24 of 1960 as amended in Article (60). " He continues, al-Moussawi, that "the determination of all Ojpth Article (37) to the Council of Ministers, on the basis of Article 80, paragraph (iii) of Aldstoralta states: (regulations, instructions and decisions issued to implement the laws) For the purpose of implementation of the budget law, the National Provident personnel system version the state and the public sector for the purpose of contributing to the economic and security challenges and the fight against terrorism and is committed to the Ministry of Finance to re amounts if the check financial abundance.
And here we are in front of several questions, the most important withholdings ratios taking into account other laws in addition to the categories covered by the staff. "
As for the refunds mechanism, the Setting the standard (check financial abundance) the flexibility thing a lot, is that the same employee may be compelled to go to court when you do not get the money, and talk about it all depends As mentioned issuance of national savings system by the Council of Ministers, which will answer all of those Altsawlat?
He is professor of political science at the University of Tikrit, Dr. Abdul Rahman al-Mashhadani said how much they will Asdh amount of revenue as a result of savings compulsory is a billion dollars, a small percentage if we compare it by the total budget deficit of $ 23 billion, and the savings will include many segments of Iraqi society staff slice of third-degree holders and above this category does not clog the only accounted for 25 percent of the total amount will be blocked by the three presidencies salaries, and this means that the savings will be moving on salaries that range between 700 dinars and one million dinars, and this affects the movement of the market and lead to deflation, while is possible to go to other outlets give greater revenues such as increased obtaining the tax levied on all citizens ratios.
For his part, the sociologist Dr. Mohammed Abdul Hassan said most societies in the world that encourage savings, but this culture is absent from the social arena in Iraq, and we need to be activated for through our curriculum and in the work of our institutions.
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