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World Bank warns Iraq of the adoption of the budget on the high speculative prices for a barrel of oil
Date: Sunday 24/02/2013 08:42 pm
Stressing that any decline will lead to shock and major problems in the country Baghdad - Hakki Ismail revealed the World Bank, Sunday, that the volume of spending of Iraqi budgets far less than the observed where money, and expressed his fear of the danger of adopting the Iraqi budget for oil fully and guesses prices high , as revealed the Ministry of Planning, the «subject» Iraq for many «blackmail» Finance after 2003, said the World Bank representative in Iraq Maria Helen in a joint conference with the Minister Alkhtit Iraqi Ali Shukri in the ministry building and attended (range Press), said that «the budget preparation on price of a barrel of oil set at $ 90 without a maneuver could lead to a shock for Iraq », adding that« any drop in the price of world oil may lead to balance the country to significant problems ». called Helen to «reduce the price of a barrel of oil Evaluator to adopt the budget well», pointing out that «any surplus or a rise in prices from which to build other projects and this will contribute to that there will be savings». and Council of Ministers approved, on the fifth of November 2012, the budget of the year 2013 $ 138 trillion Iraqi dinars and adopted the budget on exports from Iraq Oil on the basis of $ 90 as a price per barrel. announced Helen that «the International Monetary Fund will enter into negotiations with the government end of this month and we will discuss these issues». said Helen that «One of the problems suffered by Iraq is how to spend the budget that has», adding that «the rate spending real find is very low compared to what is made of money ». For his part, acknowledged the Minister of Planning Ali Shukri in the press conference himself that «Iraq's budget for 2013 relies 93% on oil and the government recognizes the seriousness of this matter». confirmed thanks to «government also believes The $ 90 a barrel is too high and any impairment may come to the problem of large to Iraq », adding« But there is no alternative today but to determine the price to $ 90 to go to provide the necessary funds for the budget ». said Shukri said that« the Iraqi government know that there are a lot of unrealistic demands and lawsuits raised, indicating that «the conditions and the occupation that Iraq has passed through after 2003 made him the subject of many of blackmail, however,« in a lot of cases have been prosecuted these actors brought mostly from the private sector and the government earned those issues. In response to a question about the fate of Iraqi funds deposited in U.S. banks, which extended Washington, middle of last year protection from claims jurisdiction for one year, the Minister of Planning said that «many alternatives exist to the government to protect Iraqi funds in the United States», explaining that he «can not advertising them because they are in the corridors of the Council of Ministers did not end the Council prepared formula eventually.
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