International Monetary Fund requires removal of subsidies on fuel, electricity and ~
International Monetary Fund requires removal of subsidies on fuel, electricity and ration to lend to Iraq
Tuesday November 17.2015
Condition of the International Monetary Fund removal of subsidies on electricity and the ration card to lend to the Iraqi government and enable them to bridge the expected deficit in the next 2016 budget, while expressed "serious reservations" on the size of salaries paid by the government for the staff, invited her to re-examine them.
And see the members of the Parliamentary Finance Committee, that Fund conditions "are not new", because it has already been put forward by the government during the debate on the previous budgets.
Previously, the International Monetary Fund, to give Iraq worth one billion and 250 million dollars in emergency aid, but Iraqi officials have reservations to mention the amount that the government is seeking to borrow from the International Foundation which take of the Washington-based. He said parliamentarians, last week, that the budget law includes loans fictional exceed 14 billion dollars to cover the deficit in.
He says a member of the Parliamentary Finance Committee, Jabbar Abdul Khaliq, said in an interview to the newspaper (range), "The reservations of the International Monetary Fund revolve around sectors supported by the government , especially electricity and fuel and the ration card, "and suggests that" the fund wants to raise support for those sectors to lend to Iraq."
Adds Abdul Khaliq, that those " objections are not new as previously Fund put forward by the Iraqi government during the discussion of the previous budgets with him, as a condition to facilitate the borrowing process , but it did not take place because of the circumstances faced by the country. "
And on the negotiations conducted by Iraq, representatives of Finance and Planning and oil, the Board of Control and the Central Bank ministries, with the International Monetary Fund, explains a member of the Parliamentary Finance Committee, that " the IMF global institution sober you want to follow up the subject of exchange Government and whether it adopts international standards. "
It is noteworthy member of the State of Law bloc parliamentary, to " end the basis of the removal of subsidies on those sectors, according to the IMF, is to ensure that the money that the government Stguetrdha to other sectors more important to spend, "and shows that" the IMF International thinking of how to recover the money that Sakarzha of Iraq and not she went to sectors of the consumer.
"He continues, MP Abdul Khaliq, that " allocated for the ration card payments amounting to two billion and 500 billion dinars, and a little more what was allocated to the Ministry of Electricity in the next 2016 budget, "and asserts that" The International Monetary Fund expressed its reservation on the employees' salaries, which weigh heavily on the budget.
"The International Monetary Fund announced on Saturday, (14th of November the current 2015), the determination of the Council of Ministers amend the next 2016 budget, in line with the macroeconomic framework of the program watched by the Fund.
But a member of the Parliamentary Finance Committee, Jabbar Abdul Khaliq, "denies the government to withdraw the draft federal budget of the House of Representatives to make adjustments in line with the demands of the International Monetary Fund."
It confirms the other member of the Parliamentary Finance Committee, Acadr Mohammed, that " The International Monetary Fund gave tips to the Iraqi government to increase financial support for electricity, fuel and ration card sectors, and demanded that the proportion spent with the size of their revenues.
"Says MP Mohammad," The International Monetary Fund believes that Iraq might be able to overcome the financial crisis and the payment of all of its loans if they reduced the size of the public spending ", and adds that" the IMF aims behind his reservations improve the performance of the Iraqi economy during the next 2016 year.
"Warns a member of the Parliamentary Finance Committee, of the consequences of" the continuation of the central bank sold the dollar auction currency, "is that it "threatens to fall in foreign exchange, which sees the International Monetary Fund's reserves to be dangerous."