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Zebari: military spending accounts for 20% of the next budget
11/1/15
Baghdad / term
Finance Minister Hoshyar Zebari said that financial pressures pushing Iraq to the suspension of a major arms deals but the state will recruit ten thousand additional personnel in the popular crowd to fight the organization Daash forces, pointing out that military spending would take on about 20 percent of the budget in 2016.
Baghdad will focus its military spending in 2016 on light and medium weapons such as sniper rifles, as well as equipment and mine detectors poll instead of heavy weapons such as artillery.
Zebari said in an interview in the investment Reuters summit in the Middle East, "its focus to improving the quality of the necessary weapons for this kind of war" .ozkr minister the government has turned that despite the decline in available liquidity to Iraq - one of the leading exporters of oil - because of falling crude prices, however, the focus shifted to Small arms and light weapons could boost efforts to combat militants.
Zebari added that about 20 percent of the 2016 budget will be spent on defense items including the popular crowd forces. However, spending on the popular crowd forces will be reduced from this year dedicated to one billion dollars in the framework of broader budget cuts.
The PDF crowd of volunteers and fighters from the Sunni tribes and Shiite groups. And looks to those forces as a bulwark against militants organize Daash who seized control of about a third of the country last year.
Zebari said "I think we gave them what they asked for. About ten thousand new recruits. But their budget (new recruits) within the security forces budget."
Include budget The proposed Iraqi public for 2016 spending nearly $ 95 billion and a deficit of about $ 21 billion, compared with an initial estimate of this year's spending of about $ 105 billion and deficit of 22 billion.
Oil accounts for more than 80 percent of Iraq's budget revenues but crude prices fell to less than half Since the middle of 2014.
International investors demanded a yield high when Iraq tried to sell bonds worth two billion dollars a few weeks ago because of concern about the public finances of the State Development and ended up in Baghdad to the cancellation of the bond issue.
But Zebari said that the government is making strenuous efforts to reform its public finances expected not to spend Baghdad only about 60 percent of the budget of 2015 by the end of this year due to reductions in operating expenses and Alastosmarah.oukal "already imposed strict limits on all ministries and government departments in order to overcome this crisis."
He added that Iraq's revenues from crude oil sales in 2015 are still below expectations government, which refers to the monthly exports of 3.3 million barrels per day and the price of $ 54 per barrel of oil. He said the average oil price since the beginning of the year until October / October stood at 48 dollars per barrel. It is necessary to strengthen the Baghdad revenues and reach an agreement with the Kurdistan Regional Government of Iraq on oil exports from the northern region. Kurdistan government agreed to convert up to 550 thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) against the allocation of Baghdad, 17 percent of the budget payments to Erbil.
However, the Government of the Territory reduced their allocations to SOMO in June and increase the independent sales of crude oil through an extended pipeline to Turkey steadily in the actual cancellation of the agreement.
Zebari said he was confident that a delegation from the region will go to Baghdad soon to negotiate a re-activation of the agreement covered by the proposal of the general budget for 2016.
"If we were able to re-activate the oil agreement between the governments of Arbil and Baghdad again and ensure the implementation of the two sides to him. I think that we will be successful this year. "
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11/1/15
Baghdad / term
Finance Minister Hoshyar Zebari said that financial pressures pushing Iraq to the suspension of a major arms deals but the state will recruit ten thousand additional personnel in the popular crowd to fight the organization Daash forces, pointing out that military spending would take on about 20 percent of the budget in 2016.
Baghdad will focus its military spending in 2016 on light and medium weapons such as sniper rifles, as well as equipment and mine detectors poll instead of heavy weapons such as artillery.
Zebari said in an interview in the investment Reuters summit in the Middle East, "its focus to improving the quality of the necessary weapons for this kind of war" .ozkr minister the government has turned that despite the decline in available liquidity to Iraq - one of the leading exporters of oil - because of falling crude prices, however, the focus shifted to Small arms and light weapons could boost efforts to combat militants.
Zebari added that about 20 percent of the 2016 budget will be spent on defense items including the popular crowd forces. However, spending on the popular crowd forces will be reduced from this year dedicated to one billion dollars in the framework of broader budget cuts.
The PDF crowd of volunteers and fighters from the Sunni tribes and Shiite groups. And looks to those forces as a bulwark against militants organize Daash who seized control of about a third of the country last year.
Zebari said "I think we gave them what they asked for. About ten thousand new recruits. But their budget (new recruits) within the security forces budget."
Include budget The proposed Iraqi public for 2016 spending nearly $ 95 billion and a deficit of about $ 21 billion, compared with an initial estimate of this year's spending of about $ 105 billion and deficit of 22 billion.
Oil accounts for more than 80 percent of Iraq's budget revenues but crude prices fell to less than half Since the middle of 2014.
International investors demanded a yield high when Iraq tried to sell bonds worth two billion dollars a few weeks ago because of concern about the public finances of the State Development and ended up in Baghdad to the cancellation of the bond issue.
But Zebari said that the government is making strenuous efforts to reform its public finances expected not to spend Baghdad only about 60 percent of the budget of 2015 by the end of this year due to reductions in operating expenses and Alastosmarah.oukal "already imposed strict limits on all ministries and government departments in order to overcome this crisis."
He added that Iraq's revenues from crude oil sales in 2015 are still below expectations government, which refers to the monthly exports of 3.3 million barrels per day and the price of $ 54 per barrel of oil. He said the average oil price since the beginning of the year until October / October stood at 48 dollars per barrel. It is necessary to strengthen the Baghdad revenues and reach an agreement with the Kurdistan Regional Government of Iraq on oil exports from the northern region. Kurdistan government agreed to convert up to 550 thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) against the allocation of Baghdad, 17 percent of the budget payments to Erbil.
However, the Government of the Territory reduced their allocations to SOMO in June and increase the independent sales of crude oil through an extended pipeline to Turkey steadily in the actual cancellation of the agreement.
Zebari said he was confident that a delegation from the region will go to Baghdad soon to negotiate a re-activation of the agreement covered by the proposal of the general budget for 2016.
"If we were able to re-activate the oil agreement between the governments of Arbil and Baghdad again and ensure the implementation of the two sides to him. I think that we will be successful this year. "
[You must be registered and logged in to see this link.]
