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Abadi adviser: employees' salaries locked until the end of ... ..2015 exceed 3 trillion dinars per month .. and oil-based and national retirement fund
May 6th, 2015
Baghdad
said the appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi said the government need more than three trillion dinars to secure the employees and retirees monthly salaries, assured that the government "is able to be secured" fully in the current year thanks to "the recovery of oil exports ", recalling the existence of a" sovereign wealth "in the national pension fund is estimated at 10 trillion dinars, while considered Economists" escape the Iraqi capital "out of the country, and the absence of real support to the private sector the main causes of" financial crisis. "
The media and social networking sites quoted, Recently, the news stating that the Iraqi government's ability to pay the state departments salaries after the month of June as a result of lack of oil prices continuing to climb.
Saleh said in an interview with "the world" on Tuesday, oil prices in the global market began experiencing "Taathassana ongoing" what reflected positively on the financial situation in Iraq, noting that the government can provide employees and retirees' salaries this year and without any delay.
He said Vice former central bank governor that "the government needs a month more than 3 trillion dinars for the salaries of employees and retirees, ie 41 trillion dinars annually" , pointing out that they Taatekz at the present time on the sovereign reserve located in the national pension fund, which exceeds 10 trillion dinars, plus the increase in oil exports. "
He noted that "the Ministry of Finance resorted at times to internal and external borrowing to meet some of the necessary and urgent needs of to cope with the lack of temporary liquidity that you get. "
The House of Representatives voted, in January 2015 on the draft federal budget law for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion calculates a barrel of oil at $ 56.
For his part, the spokesman Abdul-Hadi, academic and analyst of financial affairs, said that "lack of liquidity witnessed by Iraq at the present time came because of the flight of the Iraqi capital abroad as a result of the deterioration of the security and political situation in the country in over the past years."
point Abdul Hadi "the absence of the banking system that promotes investment and provide liquidity financial, as well as having a huge waste of public money and operations corruption. "
He said Abdul-Mahdi in the comments for "the world", that "the imposition of taxes on the ordinary citizen or the employees' salaries distributed every 40 days is Trqiei solutions", will bring the Iraqi economy new problems, the most important of weak capacity purchasing leads to recession large, calling on the government to "adopt a strategy to support economic non-oil sectors, coincides with the development of the banking sector to be supportive fundamental to the process of economic development, which in turn will raise the financial liquidity plans."
He was a member of the Finance Committee MP Masood Mirza, Sunday, he said, that "there was no intention of the federal government to reduce or savings or employees and retirees pay cut this year."
He added that "there's money the Iraqi treasury has enough to cover the operating budget, which includes employees and retirees pay the expenses," noting that "if necessary case, the state will resort to external borrowing or internal to secure salaries on the grounds it touches the citizen and affect their standard of living. "
Furthermore, the committee member Masood Haider said that "talking about the inability of the Iraqi government to pay the employees' salaries after next June, is part of the propaganda against the government and try to make it fail, "noting that" the state revenues of $ 4 billion a month from just oil. "
Haider added that "Iraq has a large financial reserves exceed $ 60 billion, and 80 tonnes of gold as a support for the currency", stressing that "Iraq is not bankrupt countries but passes a financial crisis as a result of irrational policies over the past period. "
saw oil prices during the month of April rose above $ 60 a barrel, after it was during the past few months does not exceed $ 50.
Experiencing the Iraqi oil exports increased significantly, shortly after the oil agreement between Baghdad and Erbil, and which states that the province delivers at least 250 000 barrels of oil per day to the government with the central government export 300 000 barrels per day of oil through the Kirkuk oil pipeline in Kurdistan. province, the world
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May 6th, 2015
Baghdad
said the appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi said the government need more than three trillion dinars to secure the employees and retirees monthly salaries, assured that the government "is able to be secured" fully in the current year thanks to "the recovery of oil exports ", recalling the existence of a" sovereign wealth "in the national pension fund is estimated at 10 trillion dinars, while considered Economists" escape the Iraqi capital "out of the country, and the absence of real support to the private sector the main causes of" financial crisis. "
The media and social networking sites quoted, Recently, the news stating that the Iraqi government's ability to pay the state departments salaries after the month of June as a result of lack of oil prices continuing to climb.
Saleh said in an interview with "the world" on Tuesday, oil prices in the global market began experiencing "Taathassana ongoing" what reflected positively on the financial situation in Iraq, noting that the government can provide employees and retirees' salaries this year and without any delay.
He said Vice former central bank governor that "the government needs a month more than 3 trillion dinars for the salaries of employees and retirees, ie 41 trillion dinars annually" , pointing out that they Taatekz at the present time on the sovereign reserve located in the national pension fund, which exceeds 10 trillion dinars, plus the increase in oil exports. "
He noted that "the Ministry of Finance resorted at times to internal and external borrowing to meet some of the necessary and urgent needs of to cope with the lack of temporary liquidity that you get. "
The House of Representatives voted, in January 2015 on the draft federal budget law for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion calculates a barrel of oil at $ 56.
For his part, the spokesman Abdul-Hadi, academic and analyst of financial affairs, said that "lack of liquidity witnessed by Iraq at the present time came because of the flight of the Iraqi capital abroad as a result of the deterioration of the security and political situation in the country in over the past years."
point Abdul Hadi "the absence of the banking system that promotes investment and provide liquidity financial, as well as having a huge waste of public money and operations corruption. "
He said Abdul-Mahdi in the comments for "the world", that "the imposition of taxes on the ordinary citizen or the employees' salaries distributed every 40 days is Trqiei solutions", will bring the Iraqi economy new problems, the most important of weak capacity purchasing leads to recession large, calling on the government to "adopt a strategy to support economic non-oil sectors, coincides with the development of the banking sector to be supportive fundamental to the process of economic development, which in turn will raise the financial liquidity plans."
He was a member of the Finance Committee MP Masood Mirza, Sunday, he said, that "there was no intention of the federal government to reduce or savings or employees and retirees pay cut this year."
He added that "there's money the Iraqi treasury has enough to cover the operating budget, which includes employees and retirees pay the expenses," noting that "if necessary case, the state will resort to external borrowing or internal to secure salaries on the grounds it touches the citizen and affect their standard of living. "
Furthermore, the committee member Masood Haider said that "talking about the inability of the Iraqi government to pay the employees' salaries after next June, is part of the propaganda against the government and try to make it fail, "noting that" the state revenues of $ 4 billion a month from just oil. "
Haider added that "Iraq has a large financial reserves exceed $ 60 billion, and 80 tonnes of gold as a support for the currency", stressing that "Iraq is not bankrupt countries but passes a financial crisis as a result of irrational policies over the past period. "
saw oil prices during the month of April rose above $ 60 a barrel, after it was during the past few months does not exceed $ 50.
Experiencing the Iraqi oil exports increased significantly, shortly after the oil agreement between Baghdad and Erbil, and which states that the province delivers at least 250 000 barrels of oil per day to the government with the central government export 300 000 barrels per day of oil through the Kirkuk oil pipeline in Kurdistan. province, the world
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