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IMF urges Iraq to Tejevd expenses
3/15/15
This came during periodic consultations between Iraq and the International Monetary Fund, which was held on Saturday, 03/14/2015, in the Jordanian capital, Amman, and these consultations are held twice a year between the two sides of the circulation and exchange of views on the state of the Iraqi economy and fiscal policies in the country.
Participated on the Iraqi side, Finance Minister Hoshyar Zebari, and Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank and the Office of Financial Supervision and representatives of other ministries.
The representatives expressed their satisfaction with the International Monetary Fund in approving the budget in 2015, and the realism of the Iraqi reality, but Cdo on the importance of reducing and rationalizing expenditure Alladharorah and prepare for fiscal adjustment in the future.
And work to reduce the funding of the banking system and the Central Bank of Iraq and work to increase the internal revenue taxes and property tax public on sales and corporate income tax and improve the performance of the tax and customs.
And made a number of recommendations to the Iraqi side repaired support system, and repair service for the modern system and repair of power sector reform and restructuring of state-owned enterprises as well as the reform of social protection system.
Meeting to conclude a number of conclusions, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of the crisis and to prepare a plan for public financial and maintain the independence of the central bank.
These recommendations, despite its importance, it remains an advisory and non-binding but are useful to reform the conditions of our economy.
The run-up to these consultations, the annual meetings of the spring ministerial countries in the world with the International Monetary Fund and the World Bank to be held in late April 2015.
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