Home
Specialists: 2016 budget calculation, not economic
10/7/15
BAGHDAD / Sky Press: In light of the economic situation that has plagued Iraq due to lower global oil prices dramatically, facing budget year 2016 a number of problems, most notably the challenge of the oil price, which depends heavily upon Iraq in support of its annual budget.
He criticized the experts and specialists in the financial, economic and oil affairs of some of the items included in the federal budget, describing it as a mathematical balancing rather than economic as well as they contain the same problems that were in the previous budgets.
In this regard, MP Mehdi al-Hafez said in a press statement that "the preparation of the budget has always been is a complex problem for Iraq, which is preparing a truthful picture of the dominance of the traditional bureaucratic thinking on the financial affairs of the country and the right to come balancing economic vision for the entire event, whether governmental or private in the context of coherent and sober. "
Hafiz who is president of the Institute of the progress of policy development and adds that "a number of gaps in the budget next year, including the weakness of financial resources by about stark as the oil is no longer able to meet the basic needs of the country because of the collapse of prices and an uncertain future for the oil markets in the world," warning that "the identification the price per barrel to $ 45 is not realistic because prices are expected to fall to less than $ 40. "
He continued that "another problem facing the budget is the nature of the relationship with the province of Kurdistan, a political and economic aspects of the relationship," calling to "create the conditions to resolve all the problems with the region and the development of a fair formula for the distribution of resources."
Hafiz and suggested that "they can be two prices for disbursement in Iraq to take account of national need which is characterized by the presence of more than a social and economic category, which justifies the idea to have there special exchange needs basic such as grain, meat, medicine and the rate is more general price covers the goods remaining non-core".
It is worth mentioning that the Ministry of Finance estimated, days of the federal budget for fiscal year 2016 revenues by the amount of 84 073 billion and 557 million and 138 thousand dinars.
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
[You must be registered and logged in to see this link.]
10/7/15
BAGHDAD / Sky Press: In light of the economic situation that has plagued Iraq due to lower global oil prices dramatically, facing budget year 2016 a number of problems, most notably the challenge of the oil price, which depends heavily upon Iraq in support of its annual budget.
He criticized the experts and specialists in the financial, economic and oil affairs of some of the items included in the federal budget, describing it as a mathematical balancing rather than economic as well as they contain the same problems that were in the previous budgets.
In this regard, MP Mehdi al-Hafez said in a press statement that "the preparation of the budget has always been is a complex problem for Iraq, which is preparing a truthful picture of the dominance of the traditional bureaucratic thinking on the financial affairs of the country and the right to come balancing economic vision for the entire event, whether governmental or private in the context of coherent and sober. "
Hafiz who is president of the Institute of the progress of policy development and adds that "a number of gaps in the budget next year, including the weakness of financial resources by about stark as the oil is no longer able to meet the basic needs of the country because of the collapse of prices and an uncertain future for the oil markets in the world," warning that "the identification the price per barrel to $ 45 is not realistic because prices are expected to fall to less than $ 40. "
He continued that "another problem facing the budget is the nature of the relationship with the province of Kurdistan, a political and economic aspects of the relationship," calling to "create the conditions to resolve all the problems with the region and the development of a fair formula for the distribution of resources."
Hafiz and suggested that "they can be two prices for disbursement in Iraq to take account of national need which is characterized by the presence of more than a social and economic category, which justifies the idea to have there special exchange needs basic such as grain, meat, medicine and the rate is more general price covers the goods remaining non-core".
It is worth mentioning that the Ministry of Finance estimated, days of the federal budget for fiscal year 2016 revenues by the amount of 84 073 billion and 557 million and 138 thousand dinars.
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
[You must be registered and logged in to see this link.]
