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Saleh: austerity "relative" because of the presence of the costs of "governor"
11/8/15
BAGHDAD / Ibrahim Ibrahim
Parliamentary Finance Committee revealed, on Saturday, for reducing the 2016 budget funds to 100 trillion dinars, as announced the cancellation of allocations "non-essential" in all state institutions, government adviser pointed out that austerity "relative" in the budget of 2016 due to financial crisis her country.
She said the parliamentary finance committee member Majda al-Tamimi in an interview (range), "The Finance Committee asked the sub-budgets of some state institutions such as the budget of the House of Representatives and the bodies of his addition to the Supreme Judicial Council for the purpose of study and reducing its expenditures according to new financial data of the country before the arrival of the budget of the government law.
"" The final figure for the budget, estimated at 106 Trylwinat need to be reduced through the elimination of allocations is necessary, which is 6 Trylwinat including deputations and conferences allocations, hospitality and expenses perpetuate the cars.
"and showed Tamimi" The committee has developed a plan to study every detail Finance in the budget law and the usefulness of each ad hoc amount no matter how simple and focus on the important aspects of sustaining wheel State without resorting to borrowing only in extreme cases.
"She explained that" the 2015 budget was the basis for the work of next year's budget, where the Finance Committee worked to develop firm foundations To reduce unnecessary expenditures by as much as 90% and the conversion of some of the money to the gates of the task and the governor, such as the Ministries of Defense and Interior and some other service ministries.
"She Tamimi to" the necessity of activating the regulators work toward the government's work and the way money has been spent by the ministries without significant financial violations .
"It is noteworthy that the Ministry of Finance, announced on the 15th of September 2015, the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.
In turn, the economic adviser said The Head of Government appearance of Mohammed Saleh in an interview (range), that "the budget next year, 2016 containing placebo deficit due to the country's dependence on a single source, namely oil, where the government is working on the sale and use of cash resources to pay salaries and payment of the remaining to sustain the work of state institutions on a daily basis." .
"The austerity process relative and are not final because of a governor expenses can not be bypassed or reduced, such as salaries of employees (civilian and military) and retirees as well as beneficiaries of social protection network, bringing the total of those groups to nearly nine million five hundred thousand people, which consumes 60% of the general budget of the country. " And between adviser Abadi, that "the operating budget disbursed in full and only represents 4-5% remains including an allocations for maintenance and the purchase of fuel and the other, either the investment budget shall be considered equal to the fiscal deficit so it is difficult to count them directly."
He explained that "Iraq is characterized by the multiplicity of its resources natural that match Oil importance, but previous governments have not seriously engaged in the investment in the medium and long term, what put the current government in great embarrassment forced the event to borrow from local banks to meet the shortfall in the budget. "Salih noted that" the figures of export of oil are not compatible with what is installed in the budget due to lack of stability of the global prices, so we find a clear difference between what is installed on the paper and the financial realities and the extent of conformity with cash imports. "He added that" hundreds of stalled projects years ago devoured hundreds of billions of dollars without complete them to provide service for the Iraqi people what reason in vain financially significant in most of the budgets of previous years. "The Commission announced the economy parliamentary and investment on Monday 19/10/2015, the financial budget for next year 2016, amounted to 106 trillion Iraqi dinars and a deficit of 23 trillion dinars, and as pointed out that most of them devoted to the security sector, revealed the existence of a large austerity this budget. A member of Najiba Najib Economic Commission during a press conference held in the parliament building, attended by (range Press), that "the total budget voted by the Council of Ministers, yesterday size, reached 106 trillion Iraqi dinars and a deficit of 23 trillion dinars, "indicating that" the expected revenue from oil sales is 84 Trliuna ceiling export 3.6 million barrels per day with calculating the price of a barrel on the basis of $ 45 per barrel. "said Najib, that" this budget differs from previous budgets as a great austerity and privatization of the sector Security was great, "pointing to" an increase in non-oil revenues over the past years because the state has tried to re-examine the tax system. "
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11/8/15
BAGHDAD / Ibrahim Ibrahim
Parliamentary Finance Committee revealed, on Saturday, for reducing the 2016 budget funds to 100 trillion dinars, as announced the cancellation of allocations "non-essential" in all state institutions, government adviser pointed out that austerity "relative" in the budget of 2016 due to financial crisis her country.
She said the parliamentary finance committee member Majda al-Tamimi in an interview (range), "The Finance Committee asked the sub-budgets of some state institutions such as the budget of the House of Representatives and the bodies of his addition to the Supreme Judicial Council for the purpose of study and reducing its expenditures according to new financial data of the country before the arrival of the budget of the government law.
"" The final figure for the budget, estimated at 106 Trylwinat need to be reduced through the elimination of allocations is necessary, which is 6 Trylwinat including deputations and conferences allocations, hospitality and expenses perpetuate the cars.
"and showed Tamimi" The committee has developed a plan to study every detail Finance in the budget law and the usefulness of each ad hoc amount no matter how simple and focus on the important aspects of sustaining wheel State without resorting to borrowing only in extreme cases.
"She explained that" the 2015 budget was the basis for the work of next year's budget, where the Finance Committee worked to develop firm foundations To reduce unnecessary expenditures by as much as 90% and the conversion of some of the money to the gates of the task and the governor, such as the Ministries of Defense and Interior and some other service ministries.
"She Tamimi to" the necessity of activating the regulators work toward the government's work and the way money has been spent by the ministries without significant financial violations .
"It is noteworthy that the Ministry of Finance, announced on the 15th of September 2015, the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.
In turn, the economic adviser said The Head of Government appearance of Mohammed Saleh in an interview (range), that "the budget next year, 2016 containing placebo deficit due to the country's dependence on a single source, namely oil, where the government is working on the sale and use of cash resources to pay salaries and payment of the remaining to sustain the work of state institutions on a daily basis." .
"The austerity process relative and are not final because of a governor expenses can not be bypassed or reduced, such as salaries of employees (civilian and military) and retirees as well as beneficiaries of social protection network, bringing the total of those groups to nearly nine million five hundred thousand people, which consumes 60% of the general budget of the country. " And between adviser Abadi, that "the operating budget disbursed in full and only represents 4-5% remains including an allocations for maintenance and the purchase of fuel and the other, either the investment budget shall be considered equal to the fiscal deficit so it is difficult to count them directly."
He explained that "Iraq is characterized by the multiplicity of its resources natural that match Oil importance, but previous governments have not seriously engaged in the investment in the medium and long term, what put the current government in great embarrassment forced the event to borrow from local banks to meet the shortfall in the budget. "Salih noted that" the figures of export of oil are not compatible with what is installed in the budget due to lack of stability of the global prices, so we find a clear difference between what is installed on the paper and the financial realities and the extent of conformity with cash imports. "He added that" hundreds of stalled projects years ago devoured hundreds of billions of dollars without complete them to provide service for the Iraqi people what reason in vain financially significant in most of the budgets of previous years. "The Commission announced the economy parliamentary and investment on Monday 19/10/2015, the financial budget for next year 2016, amounted to 106 trillion Iraqi dinars and a deficit of 23 trillion dinars, and as pointed out that most of them devoted to the security sector, revealed the existence of a large austerity this budget. A member of Najiba Najib Economic Commission during a press conference held in the parliament building, attended by (range Press), that "the total budget voted by the Council of Ministers, yesterday size, reached 106 trillion Iraqi dinars and a deficit of 23 trillion dinars, "indicating that" the expected revenue from oil sales is 84 Trliuna ceiling export 3.6 million barrels per day with calculating the price of a barrel on the basis of $ 45 per barrel. "said Najib, that" this budget differs from previous budgets as a great austerity and privatization of the sector Security was great, "pointing to" an increase in non-oil revenues over the past years because the state has tried to re-examine the tax system. "
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