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Saturday, March 1st, 2014 11:12
British report warns of the Iraqi government's inability to pay salaries to employees
Baghdad / follow-up Albgdadio News
British report pointed to overcome the deficit in the Iraqi budget the $ 32 billion dollars with the continuing disagreement between the governments in Baghdad and Erbil, and this in turn makes the center is unable to pay the salaries of employees in the near future.
The report of the International Center for Development Studies, based in London, that the real deficit in the Iraqi budget has risen today to 32 billion dollars in the absence of an agreement between Baghdad and Erbil on oil exports, and the adoption of five dollars in compensation to each province oil producer, and the adoption of laws that do not fit and the ability of Iraq to withstand the financial burdens.
Where he confirmed the report, that the budget deficit is threatening the Iraqi oil sector of Iraq clearly.
According to the report, exceeded the deficit the $ 50 billion dollars, Iraq would be at risk of bankruptcy in 2017, indicating that Iraq would be unable to pay the salaries of his staff, noting that the indicators of bankruptcy looming, and in particular that the Iraqi government pays the salaries of its employees, including salaries the staff of the Kurdistan region, in the form of a monthly, where allocated 4.5 billion dollars for the month of February, has not been sent salaries next March, because the amount available is not enough to only one-third of the staff of Iraq.
The report pointed out that the deduction of 15% of the budget allocated to investments in oil has contributed to the reduction of Iraqi exports of 2.62 million barrels per day to 2.28 million barrels per day during the past three months, what impact clearly on state revenues and plans to increase exports to more than 3.5 million barrels During the year 2014.
According to the report, the oil giants are unable to cope with the volatile environment of the Iraqi economy, threatening the withdrawal of it, as well as the security factor highlights the worker financial and administrative corruption, bureaucracy and a lack of experience and the need for Iraq to infrastructure and the training of 70 thousand workers in the oil sector to reach goals required.
The report refers to the abolition of the company "BP" contracts to dozens of foreign contractors of the South Rumaila, and threatened to withdraw from the Eni Zubair field in Basra because of bureaucratic red tape that delayed the signing of a contract for six months.
The report noted that the inability of Iraq's budget has contributed to weakening the state's ability to establish security, being engaged in a war in Anbar cost the Iraqi economy worth seven million dollars a day, which is exhausting burden the budget and affect the state's ability to carry their burden other in the defense of the rest areas Iraqi.
In the opinion of the International Center for Development Studies that the deficit is not justified, the fact that the budget has been prepared on the basis of price of $ 90 a barrel, while the price of oil did not say for $ 100, meaning that the budget must achieve a large surplus, especially that the completion rates in most Iraqi provinces did not exceed 40%, and in some of them was zero.
In addition, the amounts retained from previous budgets, up to the year 2012 was more than 50 billion dollars, raising questions about the real reason to talk about the deficit, if not a new attempt aimed at the theft of public money and convert to the benefits of the personal gain of senior officials in the state.
The report of the International Center for Development Studies that financial and administrative corruption in Iraq has led to the emergence of a new class of rich and new entrepreneurs affiliated with the Iraqi government, and who came to get rich quickly, prompting the emergence of a market for luxury goods in Iraq, most notably the private aircraft that could reach their prices to $ 16 million, while a third of the Iraqi people live under the poverty line.
The report shows that this situation is pushing the Department of Transportation to issue regulations for the purchase of these aircraft, which means that the volume of applications submitted necessitated the issuance of such instructions.
The report expressed surprise at the able economist and adviser to the Iraqi government from the preparation of budgets since 2004, in the absence of clear in the closing accounts that show real spending its resources, and allows control commands exchange, indicating clearly on the fears of disclosure, and deliberately hide for fear of detection of corruption financial and administrative large suffers from Iraq years ago. Finished / Agencies
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British report warns of the Iraqi government's inability to pay salaries to employees
Baghdad / follow-up Albgdadio News
British report pointed to overcome the deficit in the Iraqi budget the $ 32 billion dollars with the continuing disagreement between the governments in Baghdad and Erbil, and this in turn makes the center is unable to pay the salaries of employees in the near future.
The report of the International Center for Development Studies, based in London, that the real deficit in the Iraqi budget has risen today to 32 billion dollars in the absence of an agreement between Baghdad and Erbil on oil exports, and the adoption of five dollars in compensation to each province oil producer, and the adoption of laws that do not fit and the ability of Iraq to withstand the financial burdens.
Where he confirmed the report, that the budget deficit is threatening the Iraqi oil sector of Iraq clearly.
According to the report, exceeded the deficit the $ 50 billion dollars, Iraq would be at risk of bankruptcy in 2017, indicating that Iraq would be unable to pay the salaries of his staff, noting that the indicators of bankruptcy looming, and in particular that the Iraqi government pays the salaries of its employees, including salaries the staff of the Kurdistan region, in the form of a monthly, where allocated 4.5 billion dollars for the month of February, has not been sent salaries next March, because the amount available is not enough to only one-third of the staff of Iraq.
The report pointed out that the deduction of 15% of the budget allocated to investments in oil has contributed to the reduction of Iraqi exports of 2.62 million barrels per day to 2.28 million barrels per day during the past three months, what impact clearly on state revenues and plans to increase exports to more than 3.5 million barrels During the year 2014.
According to the report, the oil giants are unable to cope with the volatile environment of the Iraqi economy, threatening the withdrawal of it, as well as the security factor highlights the worker financial and administrative corruption, bureaucracy and a lack of experience and the need for Iraq to infrastructure and the training of 70 thousand workers in the oil sector to reach goals required.
The report refers to the abolition of the company "BP" contracts to dozens of foreign contractors of the South Rumaila, and threatened to withdraw from the Eni Zubair field in Basra because of bureaucratic red tape that delayed the signing of a contract for six months.
The report noted that the inability of Iraq's budget has contributed to weakening the state's ability to establish security, being engaged in a war in Anbar cost the Iraqi economy worth seven million dollars a day, which is exhausting burden the budget and affect the state's ability to carry their burden other in the defense of the rest areas Iraqi.
In the opinion of the International Center for Development Studies that the deficit is not justified, the fact that the budget has been prepared on the basis of price of $ 90 a barrel, while the price of oil did not say for $ 100, meaning that the budget must achieve a large surplus, especially that the completion rates in most Iraqi provinces did not exceed 40%, and in some of them was zero.
In addition, the amounts retained from previous budgets, up to the year 2012 was more than 50 billion dollars, raising questions about the real reason to talk about the deficit, if not a new attempt aimed at the theft of public money and convert to the benefits of the personal gain of senior officials in the state.
The report of the International Center for Development Studies that financial and administrative corruption in Iraq has led to the emergence of a new class of rich and new entrepreneurs affiliated with the Iraqi government, and who came to get rich quickly, prompting the emergence of a market for luxury goods in Iraq, most notably the private aircraft that could reach their prices to $ 16 million, while a third of the Iraqi people live under the poverty line.
The report shows that this situation is pushing the Department of Transportation to issue regulations for the purchase of these aircraft, which means that the volume of applications submitted necessitated the issuance of such instructions.
The report expressed surprise at the able economist and adviser to the Iraqi government from the preparation of budgets since 2004, in the absence of clear in the closing accounts that show real spending its resources, and allows control commands exchange, indicating clearly on the fears of disclosure, and deliberately hide for fear of detection of corruption financial and administrative large suffers from Iraq years ago. Finished / Agencies
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