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A member of the parliamentary Finance: 2016 budget would create a liquidity crisis and half of salaries
11/18/15
Agencies - warned in a parliamentary finance committee member Husam punitive, of "financial liquidity crisis" Stkhalgaha next year's budget in 2016.
Punitive said, "The 2016 budget does not differ much from the budget in 2015, and oil is controlled in terms of production and export volumes, and in quantities that are good, but prices fell from $ 60 at the beginning of this year to 56 in the budget of 2015 and is now priced at $ 45 in the budget of 2016 and this is what It will create a real crisis in the financial liquidity. "
"With the possibility of this crisis, we have a fixed exchange rate can not be compromised, including staff salaries, estimated at 38 to 40 trillion dinars, and also include provisions as well as retirees doors (civil and military) is estimated at 11 trillion dinars, and the social protection network by more than 2 trillion dinars and the ration card 2.5 trillion dinars, and allocations of the security and defense four trillion dinars, and allocations of the popular crowd 500 billion dinars, which need more than that to buy weapons and ammunition in addition to the allocations of the displaced. "
He punitive "This is what we have been through in the budget of 2015 and should be a quick real-time solutions are placed even if the prosthesis for the signature of the current fiscal year but must develop a strategy to address the plan in the coming years through the promotion of investment and work on attracting capital and provide what can Ttminh companies to engage in Iraq as necessary to encourage the private sector and provide facilities for them. "
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11/18/15
Agencies - warned in a parliamentary finance committee member Husam punitive, of "financial liquidity crisis" Stkhalgaha next year's budget in 2016.
Punitive said, "The 2016 budget does not differ much from the budget in 2015, and oil is controlled in terms of production and export volumes, and in quantities that are good, but prices fell from $ 60 at the beginning of this year to 56 in the budget of 2015 and is now priced at $ 45 in the budget of 2016 and this is what It will create a real crisis in the financial liquidity. "
"With the possibility of this crisis, we have a fixed exchange rate can not be compromised, including staff salaries, estimated at 38 to 40 trillion dinars, and also include provisions as well as retirees doors (civil and military) is estimated at 11 trillion dinars, and the social protection network by more than 2 trillion dinars and the ration card 2.5 trillion dinars, and allocations of the security and defense four trillion dinars, and allocations of the popular crowd 500 billion dinars, which need more than that to buy weapons and ammunition in addition to the allocations of the displaced. "
He punitive "This is what we have been through in the budget of 2015 and should be a quick real-time solutions are placed even if the prosthesis for the signature of the current fiscal year but must develop a strategy to address the plan in the coming years through the promotion of investment and work on attracting capital and provide what can Ttminh companies to engage in Iraq as necessary to encourage the private sector and provide facilities for them. "
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