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Deputy: national saving provides two trillion dinars budget
10.06.2015
Says a member of the economic and investment commission in the House of Representatives that the budget law includes a resort to national savings for those with special grades, in the event of worsening of the financial situation and the lack of liquidity and the government's inability Anly cover the budget deficit.
And Rep. Najiba Najib said in an interview with Radio Free Iraq that the national savings provides two trillion Iraqi dinars, and that the work will require approval by the Council of Ministers.
Economists called for the need to find alternatives to oil, which is the supplier of the president's budget, which is guaranteed by the current government program, so as to cover the fiscal deficit in the country, and pointed out that there are many areas to reduce government spending.
He noted economic expert on behalf of Jamil Antoine to the existence of the program reduces expenses and provide sources of revenue, such as improving tax and customs tariff imposed on the mobile phone, car import toll amounting to 15%.
He stressed that Antoine savings compulsory degrees own has not been implemented until now, and said there was a proposal to reduce the allocation of more than 700, Undersecretary of the Ministry and adviser in the government and who are Badrjtahma with Hamayatem, with a total paid 250 billion dinars annually.
According to economic expert Majid picture that the total salaries of state employees of 40 trillion dinars, pointing to the possibility of reducing the allocations of special grades of employees in the Green Zone, employees, and said it would provide up to 15 trillion dinars, said it was wrong to be allocations of more than salary, which in place with the staff of the Green Zone.
The central bank recently asserted that Iraqi financial institutions are not able to cover the fiscal deficit, stressing the need to re-examine the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices
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10.06.2015
Says a member of the economic and investment commission in the House of Representatives that the budget law includes a resort to national savings for those with special grades, in the event of worsening of the financial situation and the lack of liquidity and the government's inability Anly cover the budget deficit.
And Rep. Najiba Najib said in an interview with Radio Free Iraq that the national savings provides two trillion Iraqi dinars, and that the work will require approval by the Council of Ministers.
Economists called for the need to find alternatives to oil, which is the supplier of the president's budget, which is guaranteed by the current government program, so as to cover the fiscal deficit in the country, and pointed out that there are many areas to reduce government spending.
He noted economic expert on behalf of Jamil Antoine to the existence of the program reduces expenses and provide sources of revenue, such as improving tax and customs tariff imposed on the mobile phone, car import toll amounting to 15%.
He stressed that Antoine savings compulsory degrees own has not been implemented until now, and said there was a proposal to reduce the allocation of more than 700, Undersecretary of the Ministry and adviser in the government and who are Badrjtahma with Hamayatem, with a total paid 250 billion dinars annually.
According to economic expert Majid picture that the total salaries of state employees of 40 trillion dinars, pointing to the possibility of reducing the allocations of special grades of employees in the Green Zone, employees, and said it would provide up to 15 trillion dinars, said it was wrong to be allocations of more than salary, which in place with the staff of the Green Zone.
The central bank recently asserted that Iraqi financial institutions are not able to cover the fiscal deficit, stressing the need to re-examine the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices
[You must be registered and logged in to see this link.]
