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Central Bank confirms the government's ability to repay the salaries of state employees
10/8/15
BAGHDAD / Sky Press: The governor of the Iraqi Central Bank on the Keywords, that Iraq is facing great financial difficulties after the sharp decline of global oil prices.
Keywords and said in a press statement, said that "despite the decline in oil prices, but the digital existing indicators for this moment the government does not come to its inability to pay the salaries of state employees."
"The financial crisis, which passes Iraq must be a great lesson for a review of fiscal policy in the first place, and the nature of government spending, tax policy," pointing to "a lot of this marred by bugs in the structural and organization."
Keywords and called for "genuine reforms in the financial and tax system structure, and the structure of the economy in general," pointing out that "spending in past years did not hurt to expand the productive base of the country, and the development of economic activities in order to achieve Iraq's resources on the one hand and also run unemployment is widely wide This productive base. "
He explained that "government spending in the previous period of his wisdom and political factors rather than economic factors," noting that "discussions about adding allocations and expenditures are always going on in the framework of political gain."
He added that "It is normal in all countries of the world that when financial crises resort State to another temporary sources to cover the shortfall in their budgets until survive the crisis," adding that "Iraq has a chance in that low-resource today may rise in the coming period."
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10/8/15
BAGHDAD / Sky Press: The governor of the Iraqi Central Bank on the Keywords, that Iraq is facing great financial difficulties after the sharp decline of global oil prices.
Keywords and said in a press statement, said that "despite the decline in oil prices, but the digital existing indicators for this moment the government does not come to its inability to pay the salaries of state employees."
"The financial crisis, which passes Iraq must be a great lesson for a review of fiscal policy in the first place, and the nature of government spending, tax policy," pointing to "a lot of this marred by bugs in the structural and organization."
Keywords and called for "genuine reforms in the financial and tax system structure, and the structure of the economy in general," pointing out that "spending in past years did not hurt to expand the productive base of the country, and the development of economic activities in order to achieve Iraq's resources on the one hand and also run unemployment is widely wide This productive base. "
He explained that "government spending in the previous period of his wisdom and political factors rather than economic factors," noting that "discussions about adding allocations and expenditures are always going on in the framework of political gain."
He added that "It is normal in all countries of the world that when financial crises resort State to another temporary sources to cover the shortfall in their budgets until survive the crisis," adding that "Iraq has a chance in that low-resource today may rise in the coming period."
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