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Abdul-Mahdi, calling for the adoption of the retirement law for the private sector and warns: economy will not stems if we stayed a rentier state
4/12/2015
Confirmed Iraqi Oil Minister Adel Abdul Mahdi, on Sunday, on the need for the adoption of the law of retirement security for private sector employees, and stressed the importance of ending the state monopoly on oil imports, and as pointed out that those solutions "prosthesis and add new complications", warned that the national economy "will not kicks off in Iraq as long as the limits of the rentier state ".
Adel Abdul-Mahdi said in a statement issued by the Information Office received, (long-Presse), a copy of it, that "there are solutions are temporary and prosthesis despite the need to resort to it sometimes, but they do not constitute a real solution, but often add new complications," stressing "the importance of out of the rentier state. "
Abdul-Mahdi said that "out of the rentier state is by ending the state monopoly on oil imports and almost everything and the inclusion of all of the works in the private sector (civil) law of security and pension and all other rights enjoyed by public servant", pointing to the need to "reform the entire Iraq's economy and go to the national economy rather than the state. "
Abdul-Mahdi confirmed the importance of "openness to the community and corporate and private investments to solve the unemployment problem and addressed the launching of the economy," stressing that "kicks off the economy will not if we stay within the limits of the rentier state".
He said Abdul-Mahdi, he was "not going to happen if we do not provide the private sector businessmen, traders and investors and Asirvien facilities and protections, and guarantees and special care for Andzoa their mission," pointing to the importance of "cooperation of all the ministries, the private sector and parents to realize that their behavior Rashed lead to a walk in the right way The behavior is adult, and any party will not only lead to a deepening of the problem. "
The Legal Committee of the House of Representatives called for, in which 11 of March 2015, to accelerate the adoption of the draft Social Security Act, which "greatly disrupted" despite its importance in regulating the private sector affairs and ensure their rights, while shown to the Labour and Social Affairs "displeasure" to reduce the The Ministry of Labor's budget by a third, despite the government's pledge not reduced.
The Iraqi Council of Representatives, passed in (the 29th of January 2015), the financial budget bill for the current year 2015, of which 119 trillion Iraqi dinars, and a deficit of 25 trillion dinars.
The International Monetary Fund predicted on Friday (the twentieth of March current 2015), the high proportion of the deficit in the budget for Iraq in the current 2015, much higher than the 12 percent announced by the government, due to lower global oil prices, and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume that the budget proposal for the implementation of the reform measures strict include austere in investment projects, and a commitment to reducing expenses, and reconsider the limits for sales of the Central Bank of currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
It is noteworthy that world oil prices have lost nearly 60% of its value, during the last term to drop to below $ 50, before recently re recovery.
As the dollar exchange rates have seen in front of the Iraqi dinar increased significantly during the past few days since arrived to 1350 dinars to the dollar, which he attributed specialize in the banking sector to the recent Central Bank of special procedures to deduct customs duties and taxes in advance, and called for a "freeze" the resolution, as expected continuation the low value of the Iraqi dinar, stressed the need for the abolition of Article 50 of the budget.
The current year's budget law in 2015, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of cargo documents Data and settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, and so it applies penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
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4/12/2015
Confirmed Iraqi Oil Minister Adel Abdul Mahdi, on Sunday, on the need for the adoption of the law of retirement security for private sector employees, and stressed the importance of ending the state monopoly on oil imports, and as pointed out that those solutions "prosthesis and add new complications", warned that the national economy "will not kicks off in Iraq as long as the limits of the rentier state ".
Adel Abdul-Mahdi said in a statement issued by the Information Office received, (long-Presse), a copy of it, that "there are solutions are temporary and prosthesis despite the need to resort to it sometimes, but they do not constitute a real solution, but often add new complications," stressing "the importance of out of the rentier state. "
Abdul-Mahdi said that "out of the rentier state is by ending the state monopoly on oil imports and almost everything and the inclusion of all of the works in the private sector (civil) law of security and pension and all other rights enjoyed by public servant", pointing to the need to "reform the entire Iraq's economy and go to the national economy rather than the state. "
Abdul-Mahdi confirmed the importance of "openness to the community and corporate and private investments to solve the unemployment problem and addressed the launching of the economy," stressing that "kicks off the economy will not if we stay within the limits of the rentier state".
He said Abdul-Mahdi, he was "not going to happen if we do not provide the private sector businessmen, traders and investors and Asirvien facilities and protections, and guarantees and special care for Andzoa their mission," pointing to the importance of "cooperation of all the ministries, the private sector and parents to realize that their behavior Rashed lead to a walk in the right way The behavior is adult, and any party will not only lead to a deepening of the problem. "
The Legal Committee of the House of Representatives called for, in which 11 of March 2015, to accelerate the adoption of the draft Social Security Act, which "greatly disrupted" despite its importance in regulating the private sector affairs and ensure their rights, while shown to the Labour and Social Affairs "displeasure" to reduce the The Ministry of Labor's budget by a third, despite the government's pledge not reduced.
The Iraqi Council of Representatives, passed in (the 29th of January 2015), the financial budget bill for the current year 2015, of which 119 trillion Iraqi dinars, and a deficit of 25 trillion dinars.
The International Monetary Fund predicted on Friday (the twentieth of March current 2015), the high proportion of the deficit in the budget for Iraq in the current 2015, much higher than the 12 percent announced by the government, due to lower global oil prices, and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume that the budget proposal for the implementation of the reform measures strict include austere in investment projects, and a commitment to reducing expenses, and reconsider the limits for sales of the Central Bank of currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
It is noteworthy that world oil prices have lost nearly 60% of its value, during the last term to drop to below $ 50, before recently re recovery.
As the dollar exchange rates have seen in front of the Iraqi dinar increased significantly during the past few days since arrived to 1350 dinars to the dollar, which he attributed specialize in the banking sector to the recent Central Bank of special procedures to deduct customs duties and taxes in advance, and called for a "freeze" the resolution, as expected continuation the low value of the Iraqi dinar, stressed the need for the abolition of Article 50 of the budget.
The current year's budget law in 2015, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of cargo documents Data and settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, and so it applies penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
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