Zebari: Comment major weapons deals and spend 20% of the 2016 budget on defense 10/29
Zebari: Comment major weapons deals and spend 20% of the 2016 budget on defense
10/29/2015 0 Comments
Minister Hoshyar Zebari said that the financial pressures pushing Iraq to the suspension of a major arms deals, but the state will recruit ten thousand additional personnel from the popular crowd and they are to be regarded as necessary to fight Daash gangs. " He pointed out that, "defense spending would take on about 20 percent of the budget in 2016 and will focus Baghdad military spending on light and medium weapons such as sniper rifles, as well as mine detection equipment and devices poll instead of heavy weapons such as artillery." Zebari said in an interview in the investment 'Reuters summit in the Middle East', on Wednesday evening, "The government has shifted its focus to improving the quality of the necessary weapons for this kind of war." Zebari said that "despite low liquidity available to Iraq because of falling oil prices, but the focus has shifted to small arms and light weapons could boost anti-terrorist efforts. He added that "20 percent of the 2016 budget will be spent on defense items including the popular crowd forces." However, spending on paramilitary forces will be reduced from allocated for this year as part of broader budget cuts billion. Zebari said "I think we gave them what they asked for: about ten thousand new recruits, but their budget (new recruits) fall within the budget of the security forces." International investors demanded a high yield when Iraq tried to sell bonds worth two billion dollars a few weeks ago because of concern about the overall financial situation of the state and ended up in Baghdad to the cancellation of the bond issue. However, the government is making strenuous efforts to reform public finances, not Baghdad expected to spend only about 60 percent of the 2015 budget by the end of this year due to reductions in operational and capital expenditures. And between the "already imposed strict limits on all ministries and government departments in order to overcome this crisis, adding that" Iraq's revenues from crude oil sales in 2015 are still without a government, which refers to the monthly exports of 3.3 million barrels per day and the price of $ 54 a barrel on expectations. " He pointed out that "the average oil price since the beginning of the year until October of $ 48 a barrel, it is necessary to strengthen the Baghdad revenues to reach an agreement with the Kurdistan Regional Government of Iraq on oil exports from the northern region." Zebari said he was "confident that a delegation from the region will go to Baghdad soon to negotiate a re-activation of the agreement covered by the proposal of the general budget for 2016". "If we were able to re-activate the oil agreement between the Government of the Kurdistan region and Baghdad again and ensure the implementation of the two sides to him, I think that we will be successful this year."