The terms of the IMF and the crowd and petrodollars – being free to restore balance.
The terms of the IMF and the crowd and petrodollars – being free to restore balance. 2015/11/19
The House is preparing to host three ministers again next week after the Government amendments to the draft budget for 2016.
Parliament has decided in a meeting Tuesday re draft general budget not convinced the answers provided by the oil Ministers of finance and planning on many questions raised by the House.
And speaking of parliamentarians on 4 points caused a realignment to government allocations for the crowd and the displaced, and the funds of petrodollars – being free, as well as salaries.
He predicted Congress would lead to deficits of 23 trillion to 14 trillion just to comply with the recommendations made by the IMF as a condition for Iraq a loan of two billion dollars.
Najiba says Deputy Najib, a member of the parliamentary Economic Committee (term), "revenues and expenditures recorded in the federal budget bill 2016 were far from reality", saying that "the oil price by $ 45 is incorrect as the global oil prices trending downward and not climb".
Najib said "MPs opposed the general budget law, at a meeting Tuesday, and oil the oil Ministry intends to export specified by 3.6 million barrels per day".
Member of the Economic Committee asserted by stating "there are deputies from different blocks expressed their reservations on licensing rounds which did not allow Iraq access to restricted production quantities on draft general budget", noting that "among the issues that have raised reservations about the House is the subject of non-oil revenues identified by 14 trillion dinars".
The Deputy Minister noted the Kurdistan Democratic block that "income allocations in balancing operational and investment budgets 2015 was far better than the 2016 budget allocations".
On the IMF reservations about coming budget lines impose certain requirements to meet Iraq grants loans to bridge the fiscal deficit, Deputy Najib najiba "existence prior agreements signed between the Iraqi Government and the International Monetary Fund to support budgets", noting that "this institution contributed much of Iraq's debt extinguishing consequences since the former regime".
Najib followed by saying that "the IMF stressed the need to address the Federal Government's budget deficit is expected to reach it by 32 trillion dinars".
She stressed that "these reservations and objections, Parliament will push the Government to make some adjustments to the budget law to ensure pressure deficit and then returned to Parliament again".
International Monetary Fund conditioned the lifting of subsidies on electricity, ration for the Iraqi Government is trying to loan them to fill an expected shortfall in 2016 budget. The Fund also expressed strong reservations about the size of salaries paid as salaries, calling for reconsideration.
Kurdish Deputy expects to include amendments to the Government draft budget "deficit reduction to 15 trillion after reducing the size of the budget to 101 trillion", note that "public debt Act commits the Government to budget deficit does not exceed the 7%".
Najib emphasizes "high deficit and lack of compliance with local laws is irritated by the IMF". She speculated that "all these actions will occur on the budget law to enable the Government to obtain a $ 2 billion loan from the IMF".
Member of the Economic Committee emphasizes that "the Council of Ministers will review all operational budgets without compromising employee salaries and ration electricity and hydrocarbons".
In turn, the Attorney said Ahmed Asadi 4 other points have been the subject of many reservation commissions on draft general budget Act.
Al-Asadi said, in a statement to (term), "among the points of contention are the popular crowd and budget allocations to displaced persons and funds of oil-producing provinces, staff salaries and inviolability".
He is a member of State of law bloc that "the Presidency of the lower house early next week, set a new date for the presence of the Ministers of finance, oil, and planning", stressing that "the Government would send amendments to the budget Bill next week".
Lewis emphasizes the "need to increase the budget crowd's expectations several battles to provide military equipment and vehicles and salaries of associates". He said that "all arms contracts for the crowd to be through mod there any customizations by the Ministry to crowd after crowd needs body identification equipment and ammunition". The National Alliance mp Faisal fayyaz, yesterday, the crowd popular customizations within the fiscal budget for next year 2016, amounted to more than 2 trillion dinars, while demanding increased in appreciation of their efforts.
Faisal fayyaz said during a press conference attended by (range), that "the budget allocated to the popular crowd in the new year 2016 at an estimated 2 trillion and 160 billion dinars".
Fayad said that "under the victories achieved by the popular crowd in the Afghan mujahidin breaker Salahuddin and Anbar Biggie operations and sacrifices they have made in response to the call of religious reference to eliminate gangs (daash) make it our duty to defend those rights and ensure their rights and reconsider these customizations and increased".