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budget underwent expert assessment 6102
5/10/2015 0:00
BAGHDAD - Hussein Tgb - Shokran Fatlawi
person a number of economic experts and interested kinks in the budget bill for next year and necessities that must be included in the paragraphs of the law, came during a seminar organized by the progress of policy development institute in this regard.
Dr. Mehdi al-Hafez began his speech by saying: that going forward the public is an essential tool in the financial policy of the state and gaining added significance because of the deterioration of the financial situation and the continuation of rent-seeking economy dominant on the public finances of the state, pointing out that the preparation of the budget has always been a complex problem for
Iraq, adding this setting may be an honest picture of the dominance of the traditional bureaucratic thinking on financial affairs in the country . The more correct to come budget with guiding economic vision for the entire event, whether governmental or civil them in a coherent sober context.
And next year's draft budget Hafiz said, not without gaps such as limited financial resources blatantly, so that light oil is the main supplier, also determine the price oil at 45 dollars a matter of different discussions, there are those who believe that the caution of this issue is important.
He then there is a problem with the Kurdistan region which is not simple but relate to a unified national future of Iraq as well as the financial part, sensitive, which has the effect of Kberaly total financial revenues of the state and must The conditions are available to resolve the problems with the region and the development of a fair formula for the distribution of resources.
He pointed out that Al-Hafiz censorship in fiscal policy is a serious matter. In Iraq, despite what it takes current Constitution of Aaltzm submission of final accounts for some time and it is a major imbalance in terms of business practices, noting that the loans contained in the budget are the other need explanations and adequate.
Dr. appearance of Mohammed Saleh Economic Adviser to the Prime Minister said the public opinion for the first once briefed on the budget bill in a transparent manner, pointing out that noticeable on the budget continued free from the presence of the letter shows the goals project, in the presence of a deflationary problems and high unemployment.
He noted that the budget price of $ 45 a barrel adopted in time expect UIC oil prices next year Tstqrand $ 50 a barrel, indicating that the reality of the local export of oil is estimated at 6/3 million barrels and the quantities of produce up to 4 million, confirming the presence of risk emanating from geopolitical situation politically confused in the region and the suffering of the pipeline's oil province of Kurdistan.
and spending priorities between it go to energy projects (oil and electricity) and to a minimum of 4.5 million employees, and the number of armed forces rose is added to them the popular crowd, pointing to the absence of a delay in the payment of premiums oil companies, especially that Iraq needs to develop the fields to increase production capacities. As Fouad Prince oil expert predicted balance occurring between supply and demand in global crude oil markets by 2017. turn drew Dr. Ali Keywords Governor of the Central Bank that the draft budget law ensures the provision of grants to self-finance companies after it was provided with loans and this needs to be reviewed. He said that after holding accounts on the doors of the deficit found in the deficit financing proposals which 19 Trliuna can not be financed. Pointing out that the alien point Add than 5_9 trillion dinars projects payment on credit loans to cover the budget deficit. On behalf of Antoine economic expert called to reconsider the calculation figures contained in the general federal budget project, especially as the country is undergoing recession, in light of the drop in oil prices and falling demand crude oil. On the Tariq Executive Director of the Association of Iraqi private banks have wondered about the best investment of the funds deposited in a bank Rafidain and Rasheed, pointing to the importance of the development of the banking sector, both public and private access its product to compete with regional banks. Dr. Akram Abdel Aziz, an economic expert said that the law budget for next year needs to be in tune with the real sectors of the economy, wondering about the reasons for neglect of dues private sector. in turn focused d. Miss Abdul Wahab economic expert on the need to address the budget, new doors most important to restore stability in the liberated areas costs, as well as increase the number of displaced people with the escalation of editing operations and the need for customizations, and must take into account the budgetary demands of the demonstrators. And stressed the importance of dealing with the budget to combat corruption and money costs We need this process.
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5/10/2015 0:00
BAGHDAD - Hussein Tgb - Shokran Fatlawi
person a number of economic experts and interested kinks in the budget bill for next year and necessities that must be included in the paragraphs of the law, came during a seminar organized by the progress of policy development institute in this regard.
Dr. Mehdi al-Hafez began his speech by saying: that going forward the public is an essential tool in the financial policy of the state and gaining added significance because of the deterioration of the financial situation and the continuation of rent-seeking economy dominant on the public finances of the state, pointing out that the preparation of the budget has always been a complex problem for
Iraq, adding this setting may be an honest picture of the dominance of the traditional bureaucratic thinking on financial affairs in the country . The more correct to come budget with guiding economic vision for the entire event, whether governmental or civil them in a coherent sober context.
And next year's draft budget Hafiz said, not without gaps such as limited financial resources blatantly, so that light oil is the main supplier, also determine the price oil at 45 dollars a matter of different discussions, there are those who believe that the caution of this issue is important.
He then there is a problem with the Kurdistan region which is not simple but relate to a unified national future of Iraq as well as the financial part, sensitive, which has the effect of Kberaly total financial revenues of the state and must The conditions are available to resolve the problems with the region and the development of a fair formula for the distribution of resources.
He pointed out that Al-Hafiz censorship in fiscal policy is a serious matter. In Iraq, despite what it takes current Constitution of Aaltzm submission of final accounts for some time and it is a major imbalance in terms of business practices, noting that the loans contained in the budget are the other need explanations and adequate.
Dr. appearance of Mohammed Saleh Economic Adviser to the Prime Minister said the public opinion for the first once briefed on the budget bill in a transparent manner, pointing out that noticeable on the budget continued free from the presence of the letter shows the goals project, in the presence of a deflationary problems and high unemployment.
He noted that the budget price of $ 45 a barrel adopted in time expect UIC oil prices next year Tstqrand $ 50 a barrel, indicating that the reality of the local export of oil is estimated at 6/3 million barrels and the quantities of produce up to 4 million, confirming the presence of risk emanating from geopolitical situation politically confused in the region and the suffering of the pipeline's oil province of Kurdistan.
and spending priorities between it go to energy projects (oil and electricity) and to a minimum of 4.5 million employees, and the number of armed forces rose is added to them the popular crowd, pointing to the absence of a delay in the payment of premiums oil companies, especially that Iraq needs to develop the fields to increase production capacities. As Fouad Prince oil expert predicted balance occurring between supply and demand in global crude oil markets by 2017. turn drew Dr. Ali Keywords Governor of the Central Bank that the draft budget law ensures the provision of grants to self-finance companies after it was provided with loans and this needs to be reviewed. He said that after holding accounts on the doors of the deficit found in the deficit financing proposals which 19 Trliuna can not be financed. Pointing out that the alien point Add than 5_9 trillion dinars projects payment on credit loans to cover the budget deficit. On behalf of Antoine economic expert called to reconsider the calculation figures contained in the general federal budget project, especially as the country is undergoing recession, in light of the drop in oil prices and falling demand crude oil. On the Tariq Executive Director of the Association of Iraqi private banks have wondered about the best investment of the funds deposited in a bank Rafidain and Rasheed, pointing to the importance of the development of the banking sector, both public and private access its product to compete with regional banks. Dr. Akram Abdel Aziz, an economic expert said that the law budget for next year needs to be in tune with the real sectors of the economy, wondering about the reasons for neglect of dues private sector. in turn focused d. Miss Abdul Wahab economic expert on the need to address the budget, new doors most important to restore stability in the liberated areas costs, as well as increase the number of displaced people with the escalation of editing operations and the need for customizations, and must take into account the budgetary demands of the demonstrators. And stressed the importance of dealing with the budget to combat corruption and money costs We need this process.
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