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Specialists: the budget next year will remain captive of the global economic fluctuations
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25/09/2011
BAGHDAD - Haider al-Rubaie Flaih
After calculating the price of a barrel of oil by 85 Dolarabidy a number of specialists in economic affairs observations on the budget next year, amounting to $ 112 billion, according to the announcement by the Ministry of Finance recently, and while some called for the government not to take risks in calculating the price of a barrel of oil at $ 85 dollars, he urged the others on the need to pay the budget the next great importance for the investment projects which affect the lives of citizens, in particular such as construction of residential complexes and the construction of power plants, a giant as well as invite them to calculate the amounts retained from the current year budget to bridge the deficit suffered by the budget next year as well as in the implementation of what they called (projects outside the budget) is Toelha some of what is going on from the sums of money not spent in the budget this year.
He had announced few days ago that the budget next year 2012 will reach $ 112 billion, up 36 percent from the current year budget of 2011 and a deficit of 20 billion dollars .
and stresses are interested in the economic affairs of Iraq on the importance of that the adoption of the budgets of the country in the coming years as far away as possible from oil revenues, and they are as they point to, they at the same time stress the activation of the rest of the productive sectors of non-oil sectors such as agricultural, industrial, and shows in this regard, an economist and academic Hilal Taan Speaking (morning) into it and given the country's dependence on oil imports, mainly in the estimates of the general budget, the Iraqi economy will remain succumbed to external factors taking place in the world oil market, adding that the oil sector constitutes 93 percent of the revenue budget and therefore any fluctuations in world oil prices will directly impact on the budget General .
And bridge the Taan as saying with reference to what happened from the changes in the budget year 2009 when it was changed three times because of the crisis that hit the global economy at that time and that led to the collapse of oil prices, noting that oil prices in that period tumbled from $ 147 a barrel at the height of the month August of 2008 to reach $ 40 a barrel in December of 2009, caused in changing aspects of the budget and cut three times and thus confuse the investment process is complete .
The expert stressed that the budget will remain captive global economic volatility as a result of reliance mainly on oil revenues, as well as the failure of other productive sectors Kalqtain agricultural and industrial, who said they were sectors retarded and as a result of Ienaana has been retained on oil as the decisive factor in assessing the public budgets of Iraq .
Taan He explained that in the event of a rise in oil prices globally When that happens otherwise the financial surplus and will be a shortfall that could hamper the implementation of a number of projects .
Expert urged that in the event of a shortfall in the budget next year 2012 and for any reason Fbalamkan sorting through the use of financial surpluses in the budgets of previous years, or by resorting to external borrowing and prices Mkhvzh and are typically less than one percent, and called those soft loans Kalkarz Japanese or Italian, or through internal borrowing, provided that such borrowing does not affect the financial reserve is located in the Central Bank warned that if the Iraqi financial prejudice to the reserve, it can affect the Iraqi dinar exchange rate and lead to its decline .
Taan He explained that what has been a visa from a deficit in the budget next year called economic (or inability planning my guess), diminishing the gravity of that disability, who explained that the measure is within the period of implementation of those aspects of the budget that extends the period from 01/01/2012 to 31 - 12-2012, and then the results will show, is there a surplus or deficit.
In turn, noted economist contrary goldsmith that the strategy of the budget that was planned by a group of specialists, which will hopefully be discussed at the Council of Ministers pointed to the important topics not dealt with before, the theme of economic reform and to reduce government spending and reform financial institutions, according to international standards and to ensure efficiency of performance .
and the jeweler said during his speech (morning): The number of seminars and conferences held recently recommended largely on the need to restructure the oil sector in Iraq, leading to expansion in the production of the sector and increase its potential productivity and export as well as increase financial returns, saying that this will ensure the presence of higher levels of financial returns and more than previously and thus comes to direct these funds to productive sectors, which are still lagging behind the oil sector to be its contribution to gross domestic product, industrial and agricultural Kalqtain .
And said the goldsmith to the strategic balance, referring also to the need for private sector participation in the production process to be an active partner in the next phase, stressing the importance of the institutional restructuring of companies and private sectors and the world and to ensure the lifting of their performance and contribution to supplement the budgets of the country coming .
He said the goldsmith that the aspirations of the strategic budget developed until 2014, spoke about the things he said Anhave very important, especially with regards to achieving balance between operational and investment Almoisntin and then there will be a reduction of operating expenditure for the benefit of investment spending ..
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Thread has been read 40 times
25/09/2011
BAGHDAD - Haider al-Rubaie Flaih
After calculating the price of a barrel of oil by 85 Dolarabidy a number of specialists in economic affairs observations on the budget next year, amounting to $ 112 billion, according to the announcement by the Ministry of Finance recently, and while some called for the government not to take risks in calculating the price of a barrel of oil at $ 85 dollars, he urged the others on the need to pay the budget the next great importance for the investment projects which affect the lives of citizens, in particular such as construction of residential complexes and the construction of power plants, a giant as well as invite them to calculate the amounts retained from the current year budget to bridge the deficit suffered by the budget next year as well as in the implementation of what they called (projects outside the budget) is Toelha some of what is going on from the sums of money not spent in the budget this year.
He had announced few days ago that the budget next year 2012 will reach $ 112 billion, up 36 percent from the current year budget of 2011 and a deficit of 20 billion dollars .
and stresses are interested in the economic affairs of Iraq on the importance of that the adoption of the budgets of the country in the coming years as far away as possible from oil revenues, and they are as they point to, they at the same time stress the activation of the rest of the productive sectors of non-oil sectors such as agricultural, industrial, and shows in this regard, an economist and academic Hilal Taan Speaking (morning) into it and given the country's dependence on oil imports, mainly in the estimates of the general budget, the Iraqi economy will remain succumbed to external factors taking place in the world oil market, adding that the oil sector constitutes 93 percent of the revenue budget and therefore any fluctuations in world oil prices will directly impact on the budget General .
And bridge the Taan as saying with reference to what happened from the changes in the budget year 2009 when it was changed three times because of the crisis that hit the global economy at that time and that led to the collapse of oil prices, noting that oil prices in that period tumbled from $ 147 a barrel at the height of the month August of 2008 to reach $ 40 a barrel in December of 2009, caused in changing aspects of the budget and cut three times and thus confuse the investment process is complete .
The expert stressed that the budget will remain captive global economic volatility as a result of reliance mainly on oil revenues, as well as the failure of other productive sectors Kalqtain agricultural and industrial, who said they were sectors retarded and as a result of Ienaana has been retained on oil as the decisive factor in assessing the public budgets of Iraq .
Taan He explained that in the event of a rise in oil prices globally When that happens otherwise the financial surplus and will be a shortfall that could hamper the implementation of a number of projects .
Expert urged that in the event of a shortfall in the budget next year 2012 and for any reason Fbalamkan sorting through the use of financial surpluses in the budgets of previous years, or by resorting to external borrowing and prices Mkhvzh and are typically less than one percent, and called those soft loans Kalkarz Japanese or Italian, or through internal borrowing, provided that such borrowing does not affect the financial reserve is located in the Central Bank warned that if the Iraqi financial prejudice to the reserve, it can affect the Iraqi dinar exchange rate and lead to its decline .
Taan He explained that what has been a visa from a deficit in the budget next year called economic (or inability planning my guess), diminishing the gravity of that disability, who explained that the measure is within the period of implementation of those aspects of the budget that extends the period from 01/01/2012 to 31 - 12-2012, and then the results will show, is there a surplus or deficit.
In turn, noted economist contrary goldsmith that the strategy of the budget that was planned by a group of specialists, which will hopefully be discussed at the Council of Ministers pointed to the important topics not dealt with before, the theme of economic reform and to reduce government spending and reform financial institutions, according to international standards and to ensure efficiency of performance .
and the jeweler said during his speech (morning): The number of seminars and conferences held recently recommended largely on the need to restructure the oil sector in Iraq, leading to expansion in the production of the sector and increase its potential productivity and export as well as increase financial returns, saying that this will ensure the presence of higher levels of financial returns and more than previously and thus comes to direct these funds to productive sectors, which are still lagging behind the oil sector to be its contribution to gross domestic product, industrial and agricultural Kalqtain .
And said the goldsmith to the strategic balance, referring also to the need for private sector participation in the production process to be an active partner in the next phase, stressing the importance of the institutional restructuring of companies and private sectors and the world and to ensure the lifting of their performance and contribution to supplement the budgets of the country coming .
He said the goldsmith that the aspirations of the strategic budget developed until 2014, spoke about the things he said Anhave very important, especially with regards to achieving balance between operational and investment Almoisntin and then there will be a reduction of operating expenditure for the benefit of investment spending ..
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