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World Bank: the general budget of Iraq are suffering from increasing financial pressures.
April 16, 2014 10:08 Last Updated: April 16, 2014 10:08
Expressed, director of the Department of Middle East and Central Asia at the World Bank concern of increasing pressure on the Iraqi budget because of the high overhead and delay in approving the budget for the country so far. Said Masood Ahmed said that "economic growth in Iraq has Thassanna considerably over the past two years, but the general budget of the country are suffering from increasing financial pressures as a result of the increasing volume of expenditure on the country's budget and delayed approval. "according to the newspaper integrity and pointed Ahmed said that "administrative expenses and the public on the budget began to expand during 2013, causing the existence of a deficit of large budget last year and the current year 2014," pointing to "In the absence of modification of such expenses will suffer from the budget deficit larger than the assumed value him now." The Iraqi Minister of Finance purity of net debt is likely during the meetings of the IMF and World Bank cooperation with the World Bank for the implementation of a joint program provides financial liquidity to meet the shortfall in the budget of 2014. mentions that confirmed the parliamentary Economic Committee, on Monday, said the decision to re-draft the federal budget to the government Stopped the percentage reduction be agreed upon by the Quartet problem recently.While experts say the low surplus in the Development Fund for Iraq, pointed to the possibility of a deficit in the budget. A member of the Committee Qusay F in an interview, "The House of Representatives and in accordance with its right to reduce the rate of 4% of the total federal budget, and more than this percentage will be the prerogative of the government." added Friday that "the Quartet if agreed to take over the region Export 100 000 barrels of oil per day, it means that the rate of export installed in the draft budget will be reduced to three million and 100 thousand barrels and this will reduce the draft budget to more than 4%, so it would be the amendment of the project from the jurisdiction of the government. "and form the House of Representatives Committee Quad includes two Vice-Presidents House of Representatives Qusay al-Suhail and Aref Tayfur, MPs Haider Abadi, and Salman al-Jumaili to find quick solutions to the budget crisis. On the other hand, experts predicted shortfall in the Iraqi budget for this year due to declining oil production and exports and lower indicators surplus in «Development Fund for Iraq», at the time carried the Committees money The economy Barlmanatan the government responsible for the financial deficit in the federal budget
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April 16, 2014 10:08 Last Updated: April 16, 2014 10:08
Expressed, director of the Department of Middle East and Central Asia at the World Bank concern of increasing pressure on the Iraqi budget because of the high overhead and delay in approving the budget for the country so far. Said Masood Ahmed said that "economic growth in Iraq has Thassanna considerably over the past two years, but the general budget of the country are suffering from increasing financial pressures as a result of the increasing volume of expenditure on the country's budget and delayed approval. "according to the newspaper integrity and pointed Ahmed said that "administrative expenses and the public on the budget began to expand during 2013, causing the existence of a deficit of large budget last year and the current year 2014," pointing to "In the absence of modification of such expenses will suffer from the budget deficit larger than the assumed value him now." The Iraqi Minister of Finance purity of net debt is likely during the meetings of the IMF and World Bank cooperation with the World Bank for the implementation of a joint program provides financial liquidity to meet the shortfall in the budget of 2014. mentions that confirmed the parliamentary Economic Committee, on Monday, said the decision to re-draft the federal budget to the government Stopped the percentage reduction be agreed upon by the Quartet problem recently.While experts say the low surplus in the Development Fund for Iraq, pointed to the possibility of a deficit in the budget. A member of the Committee Qusay F in an interview, "The House of Representatives and in accordance with its right to reduce the rate of 4% of the total federal budget, and more than this percentage will be the prerogative of the government." added Friday that "the Quartet if agreed to take over the region Export 100 000 barrels of oil per day, it means that the rate of export installed in the draft budget will be reduced to three million and 100 thousand barrels and this will reduce the draft budget to more than 4%, so it would be the amendment of the project from the jurisdiction of the government. "and form the House of Representatives Committee Quad includes two Vice-Presidents House of Representatives Qusay al-Suhail and Aref Tayfur, MPs Haider Abadi, and Salman al-Jumaili to find quick solutions to the budget crisis. On the other hand, experts predicted shortfall in the Iraqi budget for this year due to declining oil production and exports and lower indicators surplus in «Development Fund for Iraq», at the time carried the Committees money The economy Barlmanatan the government responsible for the financial deficit in the federal budget
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