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Ministry of Finance: Iraq will exceed state austerity and the salaries of the staff locked
22.4.2015
Brother - Baghdad and the Ministry of Finance confirmed Iraq's ability to overcome the crisis and austerity resulting from the decline in crude oil export revenues. Said Undersecretary Fadel prophet in a press statement "I do not fear the case of austerity but there is a drop of oil revenues greatly impact on the budget, however, things are under control, and to name the things necessary for the country." He pointed out that "the financial situation is difficult, but this does not mean that Iraq is unable to overcome the crisis or to pass lean years", adding that "the Ministry of Finance has special policies to control the situation." The new official in the Ministry of Finance, "confirmed his ministry to secure the employees' salaries and there is great fear that this aspect despite the fact that the existence of the problem represented by lower oil revenues." The Finance Minister, Hoshyar Zebari, said on 26 February last, that "there is action. We have seen the results and where we can cross the current financial crisis in the country," adding that "the fiscal deficit, which Chksnah in the budget a scheme and not actually, an estimated 25 trillion dinars and try financed through domestic borrowing and that any rise in oil prices above the rate at which we set in the budget and the $ 56 a barrel will reflect positively on the want us. " He also stressed the Prime Minister Haider al-Abadi, hosted by the House of Representatives on 25 February that "the economic and financial situation will be controlled well in the coming months." Iraq plans to request emergency funding of $ 400 million to $ 700 million from the International Monetary Fund, while the government has taken a decision to issue government bonds worth $ 5 billion, and it continues to negotiate on their own terms. And pass the country in a state of fiscal austerity and a crisis in the provision of cash called on the government to think about and study to extend the payment of staff salaries period to forty days instead of the month and the imposition of several taxes to cover the deficit in the budget.
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22.4.2015
Brother - Baghdad and the Ministry of Finance confirmed Iraq's ability to overcome the crisis and austerity resulting from the decline in crude oil export revenues. Said Undersecretary Fadel prophet in a press statement "I do not fear the case of austerity but there is a drop of oil revenues greatly impact on the budget, however, things are under control, and to name the things necessary for the country." He pointed out that "the financial situation is difficult, but this does not mean that Iraq is unable to overcome the crisis or to pass lean years", adding that "the Ministry of Finance has special policies to control the situation." The new official in the Ministry of Finance, "confirmed his ministry to secure the employees' salaries and there is great fear that this aspect despite the fact that the existence of the problem represented by lower oil revenues." The Finance Minister, Hoshyar Zebari, said on 26 February last, that "there is action. We have seen the results and where we can cross the current financial crisis in the country," adding that "the fiscal deficit, which Chksnah in the budget a scheme and not actually, an estimated 25 trillion dinars and try financed through domestic borrowing and that any rise in oil prices above the rate at which we set in the budget and the $ 56 a barrel will reflect positively on the want us. " He also stressed the Prime Minister Haider al-Abadi, hosted by the House of Representatives on 25 February that "the economic and financial situation will be controlled well in the coming months." Iraq plans to request emergency funding of $ 400 million to $ 700 million from the International Monetary Fund, while the government has taken a decision to issue government bonds worth $ 5 billion, and it continues to negotiate on their own terms. And pass the country in a state of fiscal austerity and a crisis in the provision of cash called on the government to think about and study to extend the payment of staff salaries period to forty days instead of the month and the imposition of several taxes to cover the deficit in the budget.
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