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Image: expect higher inflation in the event of distribution of oil revenues
On: Saturday 03/03/2012 7:02
Baghdad / term
, said the economist Majid picture that inflation could rise if the government has to the distribution of funds from oil revenues to citizens directly. said Suri's (Radio Sawa) that this step would increase the prices of consumer goods, in addition to the adoption of market imported products due to the absence of domestic production.
At the same time criticizing the picture according to (Baghdadi News): failure to submit final accounts accurate describes the financial base possessed by Iraq, the information available is limited only to the reserve at the central bank is about 60 billion dollars, but should disclose the government's surplus from previous years and the mechanism by which uses them to cover the deficit in the current year or next, Vemoazna this year had been allocated a deficit large in comparison with the budgets the world where the deficit reached $ 14 billion, which means 14 percent.
and the Image "that oil imports in 2011 amounted to $ 83 billion and the general budget at the time did not exceed $ 82 billion, which means that the oil resources alone was a surplus of billion dollars, in addition to the investment budget was not fully implemented and there are sources talking about that 15% have been implemented, which means an excess of a very large investment budget and if we assume that 50% of the investment budget applied will be a surplus of ten billion dollar, in addition to the surplus materials from duties, taxes and other resources that would take the government there is a surplus is too large in the 2011 budget, why is the implementation of the budget 2012 deficit even though the money that flooded in 2011.
He pointed out the picture that the period from 2003 up to now has disbursement of $ 600 billion and there is no relationship or comparison between the amounts spent and the results have been reached, saying that "much of the money goes to financial corruption and administrative, while the other part is abused to act for him, but so far no money has not recorded in the balance sheet has not been detection and it is going to talk now there are seven billion dollars have been allocated within the budget, but spent by the government. "Badri was began its work in this position in 2007, after three years of controversy about the candidates.
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