Home
Oil Minister: Budget covers operating expenses calculates the price of a barrel to $ 45
10.12.2015
Baghdad
He saw oil minister Adel Abdul Mahdi, on Monday, that the proposed budget is able to cover operating expenses calculates the oil on the basis of $ 45 a barrel Card 3.6 million barrels per day of exports, which will provide, about 70 trillion dinars will be added to it about 14 trillion dinars of taxes and other resources making near-certain resources up to 84 trillion dinars.
Said Abdul-Mahdi, in a statement received / scales News / copy of which he was "about 80 years and Iraq since depends balancing the traditional order items Valmatad is just increase the allocations, there is no final accounts and gains and losses, reveal the feasibility of the disbursement of these expenses, would receive public waste biggest financial and administrative corruption." .
"The budgets have evolved in countries emerged systems focus on exits and the results and not to repeat the entrances are hierarchical and iterative. Will be difficult to change this urgency, but to invest the existing best investment. And the beginning of it, setting priorities succumb her the rest of the discussions and decisions and the high priority, in our circumstances is to contain the crisis and starting the economy to create new jobs, and the sources of funding for ongoing and new projects, and bear the burdens of war, without plunging the country into debt as much as possible. This is possible, if we have the some courage in overcoming the instructions and laws, have not been revised and corrected enough, and has become a restrictions and obstacles. will not speak now for reducing expenditure and the existence of many areas of waste and exaggeration, but We will stress on the possibility of some of the material included in the budget law to live up to the law, introduce powers to allow to take off and go beyond instructions may contribute to the braking and regulatory obstruction without losing side. "
He pointed out that "the oil resources must be calculated on the basis of $ 45 a barrel and 3.6 million barrels / day of exports, which will provide, at a price of 1180 Exchange, about 70 trillion dinars .. eventually grow by about 14 trillion dinars of taxes and other resources which makes resources / semi-confirmed / up to 84 trillion dinars, and the addition of the deficit will be budget up to 113 trillion dinars. This is a huge budget, equivalent to the Egyptian budget almost that are up to 868 billion pounds / about 130 trillion dinars /, a deficit of 251 billion pounds / up much of Iraq / The budget Iraq proposed quite enough to cover the operating expenses that will be around 80 trillion dinars, or less. remaining capital expenditures, estimated at 30 trillion dinars, which are not usually carried out only small percentages of them. There are two ways to deal with it. The first deficit, which let loose of borrowing, or the adoption of an increase dollar exchange rate, whichever is better or both of them and the second inclusion of materials in the budget law, take the force of law, beyond a lot of limitations and restrictions that play a role in the low-lying rates of implementation on the one hand, and that book the other hand, investment in state assets or from outside resources we tend to propagation of the second solution and the reduction of the first. I suggest that gives the Council of Ministers, or authorized, to issue decrees that have the legislative power for the purposes of stimulating activities and achieve financial reform and economic and investment, and in the case of these decisions conflict with other legal provisions or instructions window, are the decisions of the Council of Ministers, or his nominee, priority in application and implementation " .
He said he was "of the proposals also allow financial units / ministries and other / to do service or investment is based in the budget to maximize operational resources or investment or to accomplish Off projects, on condition that not be at the expense of the expenses or based in the budget projects, nor manner of borrowing and load State the burden of the debt, but the fundamentalist approvals required by law in such cases recorded this business resources resource for financial integrity and grant the powers of approving these projects / by project and tabbed / gradient of managers and agents, ministers and Cabinet, and leaves the organization measures the decision by the Council of Ministers. "
He stressed the importance of giving priority to health, education, housing and services, energy and utilities to the role of the private sector and investment projects, the Minister or the Governor or the prime minister or cabinet and gives broad powers have the force of law and that the state expand its procurement of services guaranteed by the government curriculum, as well as adjust the mechanics of collection and fairness policy For public sector organizations.
Abdul-Mahdi urged to encourage the work of banks and to provide protections and legal safeguards for the exercise of its business according to the Central Bank Law, and under the supervision of Finance and the Court and the abolition of the distinction between public and private banks and put all the facilities and incentives in front of banks to increase their portfolios, funds and investment policy of the launch of credits and loans.
He said he was "among the proposals to grant the Council of Ministers or local governments in agreement with the Ministry of Finance or the State Department and other powers of the distribution of land for free or Bagger symbolic and grant building permits for residential or agricultural, industrial and investment projects, and that does not give the title to the property or leave only after construction completion or project. "
The oil minister stressed the importance of speeding up the sale of state-owned companies or joint losers or lagging at promotional prices and to overcome the limitations, policeman achieve employment or production, or both. As well as speed up the House of Representatives passage of pension law in the private sector to the public sector gives the same rights and the issuance of the necessary instructions for implementation immediately.
He concluded by saying "These measures are not intended and others to ease the role of control and the fight against corruption, but we firmly believe that our laws and our instructions are obstructive to a large degree to the process of investment and large idle potential of the public sector or Ahli or to encourage national and foreign investment .. which requires the liberalization process and the launching of a disciplined, but bold too, which it can be the law of the budget to be paid by without the complexities of legislative .. and that will be in all cases for one year ".anthy 29 / d 25
[You must be registered and logged in to see this link.]
10.12.2015
Baghdad
He saw oil minister Adel Abdul Mahdi, on Monday, that the proposed budget is able to cover operating expenses calculates the oil on the basis of $ 45 a barrel Card 3.6 million barrels per day of exports, which will provide, about 70 trillion dinars will be added to it about 14 trillion dinars of taxes and other resources making near-certain resources up to 84 trillion dinars.
Said Abdul-Mahdi, in a statement received / scales News / copy of which he was "about 80 years and Iraq since depends balancing the traditional order items Valmatad is just increase the allocations, there is no final accounts and gains and losses, reveal the feasibility of the disbursement of these expenses, would receive public waste biggest financial and administrative corruption." .
"The budgets have evolved in countries emerged systems focus on exits and the results and not to repeat the entrances are hierarchical and iterative. Will be difficult to change this urgency, but to invest the existing best investment. And the beginning of it, setting priorities succumb her the rest of the discussions and decisions and the high priority, in our circumstances is to contain the crisis and starting the economy to create new jobs, and the sources of funding for ongoing and new projects, and bear the burdens of war, without plunging the country into debt as much as possible. This is possible, if we have the some courage in overcoming the instructions and laws, have not been revised and corrected enough, and has become a restrictions and obstacles. will not speak now for reducing expenditure and the existence of many areas of waste and exaggeration, but We will stress on the possibility of some of the material included in the budget law to live up to the law, introduce powers to allow to take off and go beyond instructions may contribute to the braking and regulatory obstruction without losing side. "
He pointed out that "the oil resources must be calculated on the basis of $ 45 a barrel and 3.6 million barrels / day of exports, which will provide, at a price of 1180 Exchange, about 70 trillion dinars .. eventually grow by about 14 trillion dinars of taxes and other resources which makes resources / semi-confirmed / up to 84 trillion dinars, and the addition of the deficit will be budget up to 113 trillion dinars. This is a huge budget, equivalent to the Egyptian budget almost that are up to 868 billion pounds / about 130 trillion dinars /, a deficit of 251 billion pounds / up much of Iraq / The budget Iraq proposed quite enough to cover the operating expenses that will be around 80 trillion dinars, or less. remaining capital expenditures, estimated at 30 trillion dinars, which are not usually carried out only small percentages of them. There are two ways to deal with it. The first deficit, which let loose of borrowing, or the adoption of an increase dollar exchange rate, whichever is better or both of them and the second inclusion of materials in the budget law, take the force of law, beyond a lot of limitations and restrictions that play a role in the low-lying rates of implementation on the one hand, and that book the other hand, investment in state assets or from outside resources we tend to propagation of the second solution and the reduction of the first. I suggest that gives the Council of Ministers, or authorized, to issue decrees that have the legislative power for the purposes of stimulating activities and achieve financial reform and economic and investment, and in the case of these decisions conflict with other legal provisions or instructions window, are the decisions of the Council of Ministers, or his nominee, priority in application and implementation " .
He said he was "of the proposals also allow financial units / ministries and other / to do service or investment is based in the budget to maximize operational resources or investment or to accomplish Off projects, on condition that not be at the expense of the expenses or based in the budget projects, nor manner of borrowing and load State the burden of the debt, but the fundamentalist approvals required by law in such cases recorded this business resources resource for financial integrity and grant the powers of approving these projects / by project and tabbed / gradient of managers and agents, ministers and Cabinet, and leaves the organization measures the decision by the Council of Ministers. "
He stressed the importance of giving priority to health, education, housing and services, energy and utilities to the role of the private sector and investment projects, the Minister or the Governor or the prime minister or cabinet and gives broad powers have the force of law and that the state expand its procurement of services guaranteed by the government curriculum, as well as adjust the mechanics of collection and fairness policy For public sector organizations.
Abdul-Mahdi urged to encourage the work of banks and to provide protections and legal safeguards for the exercise of its business according to the Central Bank Law, and under the supervision of Finance and the Court and the abolition of the distinction between public and private banks and put all the facilities and incentives in front of banks to increase their portfolios, funds and investment policy of the launch of credits and loans.
He said he was "among the proposals to grant the Council of Ministers or local governments in agreement with the Ministry of Finance or the State Department and other powers of the distribution of land for free or Bagger symbolic and grant building permits for residential or agricultural, industrial and investment projects, and that does not give the title to the property or leave only after construction completion or project. "
The oil minister stressed the importance of speeding up the sale of state-owned companies or joint losers or lagging at promotional prices and to overcome the limitations, policeman achieve employment or production, or both. As well as speed up the House of Representatives passage of pension law in the private sector to the public sector gives the same rights and the issuance of the necessary instructions for implementation immediately.
He concluded by saying "These measures are not intended and others to ease the role of control and the fight against corruption, but we firmly believe that our laws and our instructions are obstructive to a large degree to the process of investment and large idle potential of the public sector or Ahli or to encourage national and foreign investment .. which requires the liberalization process and the launching of a disciplined, but bold too, which it can be the law of the budget to be paid by without the complexities of legislative .. and that will be in all cases for one year ".anthy 29 / d 25
[You must be registered and logged in to see this link.]
