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Transportation adds more than 75 billion dinars to the "public treasury"
06/29/2015 16:36
Baghdad
The Ministry of Transport, on Monday, introduced extra revenue into the treasury of the State of Iraq amounted to more than 75 billion dinars, as pointed out that those resources achieved through Iraqi ports company and the General Company for the Department of Transport.
The ministry said in a statement, and I got the (long-Presse), a copy of it, he was "under the guidance and follow-up of Transport Minister Baqir al-Zubaidi maximizing the ministry companies resources were Iraqi ports company achieved a revenue of the state treasury amounted to 71.315 billion dinars," pointing out that "the company has made a profit of (21) billion was distributed to the company's ten thousand staff employees. "
In the same context, the statement continued, that "in order to transform loss-making companies into profitable, and for improving the performance of private transport and supplement the state budget the General Company for the Department of Transport has achieved revenues to the state treasury amounted to four billion dinars," noting that "the allocation of three billion dinars for distribution The company's two thousand employees staff employee million, four hundred thousand dinars distributed to them before Eid al-Fitr share will be. "
Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
International Monetary Fund forecast, in 21/03/2015, high budget deficit in 2015 to more than the 12 percent rate announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, also assume the budget, it proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
The Iraqi Council of Representatives approved, on Thursday, (January 29, 2015), the financial budget for the current year 2015, B119 trillion Iraqi dinars and a deficit of 25 trillion dinars, and with House Speaker Salim al-Jubouri confirmed it was the first time that the adoption of the budget is during the month the first of the year, and described as "achievement".
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06/29/2015 16:36
Baghdad
The Ministry of Transport, on Monday, introduced extra revenue into the treasury of the State of Iraq amounted to more than 75 billion dinars, as pointed out that those resources achieved through Iraqi ports company and the General Company for the Department of Transport.
The ministry said in a statement, and I got the (long-Presse), a copy of it, he was "under the guidance and follow-up of Transport Minister Baqir al-Zubaidi maximizing the ministry companies resources were Iraqi ports company achieved a revenue of the state treasury amounted to 71.315 billion dinars," pointing out that "the company has made a profit of (21) billion was distributed to the company's ten thousand staff employees. "
In the same context, the statement continued, that "in order to transform loss-making companies into profitable, and for improving the performance of private transport and supplement the state budget the General Company for the Department of Transport has achieved revenues to the state treasury amounted to four billion dinars," noting that "the allocation of three billion dinars for distribution The company's two thousand employees staff employee million, four hundred thousand dinars distributed to them before Eid al-Fitr share will be. "
Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
International Monetary Fund forecast, in 21/03/2015, high budget deficit in 2015 to more than the 12 percent rate announced by the government, to "significantly higher levels", because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, also assume the budget, it proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
The Iraqi Council of Representatives approved, on Thursday, (January 29, 2015), the financial budget for the current year 2015, B119 trillion Iraqi dinars and a deficit of 25 trillion dinars, and with House Speaker Salim al-Jubouri confirmed it was the first time that the adoption of the budget is during the month the first of the year, and described as "achievement".
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