Divergence of views of specialists on the objects of expenditure in the budget next year
11/21/2012 12:00 am
They agreed on the importance of support for the energy sector
BAGHDAD - Haider Flaih Rubaie
criticized specialists in the economic adoption budget almost entirely on oil revenues, to افتين that the volume of Iraqi exports of oil can be subjected to a decline leads to the result to stagger the budget and increase the size of the shortfall where, especially The budget was built on the basis of the size of the export of 2.9 million barrels per day and a total price of 90 dollars per barrel, and while praised a number of specialists to reduce operating expenses for the investment of them, others were reservations about the nature of the preparation of the budget, which they said still balancing (items) failed to observe macroeconomic indicators or efforts to eradicate poverty and unemployment.
and Council of Ministers approved at its forty-sixth regular, the draft federal budget law for next year 2013 of $ (138) trillion dinars, an increase of 18 percent for the current year.
came in the project that the total federal income amounted to ( 119.3) trillion dinars have been achieved as a result of calculation of income from export of crude oil at an average price (90) dollars per barrel and export capacity of up to (2.9) million barrels per day, including the quantity produced and exported from the territory of Kurdistan and the (250) thousand barrels per day.
reached the investment budget (55) trillion dinars and the operating budget (83) trillion dinars distributed among the institutions and ministries and state bodies all will be distribution of public expenditure according to the rates of population after excluding allocations Center Federal Ministry and sovereign expenditure.
said economic expert, Dr. Majid picture that the federal budget did not focus seriously on develop public and private sectors, as well as the absence of visions to ensure the reduction of poverty rates and unemployment, especially because we are talking about balancing explosive and as in previous years, is that this budget has not been studied adequately absorptive capacity, not for operating expenses and investment the reality of Iraq in general, criticizing At the same time the shortfall in the non-implementation of projects confirmed by the previous budgets in field investment of them, considering that most hindering sustainable development projects in Iraq, and despite the fact that Suri pointed out that the challenges of spending in the budget came (instant) for not dependent on feasibility studies, it praised at the same time increasing rates of investment funds at the expense of operational, which rose to $ in the budget next year 40 percent of the investment after it was 30 percent this year, adding that the lag made in the implementation aspects of the investment budget in various parts of Iraq came as a result of the absence of economic plans that should built from the base of the pyramid until his head in order preference Values economic development of those projects and then allocate the necessary funds to them.
warned mock seriousness of calculating the value of the total budget on the basis of the size of the export oil is 2.9 million barrels per day, noting that the ratio irreversible result of the crises can be exposed to Iraq, or to bad weather, or because of the global economic recession experienced by most countries in the world, especially America and Europe, which could lead to a decline in global demand, thereby increasing the size of the fiscal deficit made in the budget, explaining that taking the size of the upper limit for export in the process of calculating the budget scientist of Iraq is can be a real danger in view of the facts mentioned above.
recalls specialists what Iraq has passed through in 2008 during the global crisis that hit the economies of countries and led to the erosion of oil prices, as the price of a barrel of oil is less than $ 30 after rising to more than 100 at the time, which called for existing on the economic reality in the country to reduce capital expenditures and operating after increasing fiscal deficit in the budget, and this scene, according to many economists verifiable under the data prior warning of economic crises similar, especially with What was going through the euro zone challenges can affect oil prices globally.
Though the absence of full support for productive economic activities in the budget next year, but the economic expert Hilal Taan sees great importance in the concentration of budget year 2013 on the energy sector and no other sectors other, especially electricity, oil, pointing out that the electricity in the various countries of the world is the center of life statute, oil in Iraq is a most important factor to increase the gross domestic product. showed no Taan surprised by maintaining the level of operating expenses are higher than investment, explaining that under the situation like Iraq is going through, it is natural that constitute operating expenses increased at the expense of investment, especially in a country with the number of employees in the government sector in which more than three million workers, as well as nearly two and a half million retired. hinted Taan that the operating budget has been reduced to a 60 percent After that formed 70 percent this year, while the total allocations Kurdistan 17 percent, and accounted for Gulf War reparations 5 percent, while the salaries of the worlds government formed 32 percent, and set aside 5 percent of the budget for the ration card, and 6 percent for retirees, these tabs according Taan is normal With economic reality like Iraq is going through.
was a former oil minister, Dr. Ibrahim Bahr al-Ulum had expressed reservations about the process of calculating the price of a barrel of oil in the budget that country for the next year, a proposal to keep the (price) at the borders of what has been calculated in the current year budget is $ 85, expected during his speech for the (morning) the stability of oil prices high in the first quarter of next year, but he said that this stability will remain fragile with increasing challenges and international disturbances and problems the euro zone.
stressed Sea Alom the need to be there vision in (planning Almoisnati) to ward off risks that can be exposed to the country, pointing out that some Gulf countries, and despite witnessing stability and clear, kept the price of oil at $ 65 in the calculation of their budgets Financial, which demonstrates hedging those countries the possibility of a financial crisis and global economic. confirms former minister said that oil prices do not depend on the basics (supply and demand), but is subject to vibration with increasing Alaztrapat International, and then the oil price in light of that equation will be subject to increase or decrease, despite fears Sea Alom of calculating the price of oil in the budget year next, but he predicted that world oil markets are stable until the end of the first quarter of next year.
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