Parliamentary Finance: the current price of oil it could cover the salaries of state employees

January 6, 2016 17:00

Author: alzawraapaper

Baghdad / nina:
Parliamentary Finance Committee promised that the current price of oil he could cover the salaries of state employees for the next stage.

A member of the committee MP Sarhan Slevana the National Iraqi News Agency / NINA / "If the continued decline in global oil prices, the government will resort to put internal bonds worth $ 4 billion To avoid further external borrowing that burden on the state.

He added that" the current oil sales price he can state employees benefits and pensions coverage, depending on the average daily exports of oil production."

He said the possibility of employees' salaries to secure through the use of government banks and borrowing internal current 2016.

"The government could rely on its banks through internal loans and the launch of an internal bond with the presence of oil exports."

He believed that "obtaining the non-oil revenues properly and interest, will contribute to the coverage of the Code expenditures in the budget items."

And on the possibility of imposing new taxes to fill the deficit budget, he explained that "the budget deficit of about $ 20 billion, we will try to compensate through domestic borrowing without resorting to external borrowing."

And that "No tax shall be imposed only through put to the House of Representatives voted on later." He continued that "if the deterioration of the Iraqi economy more than it is, it is not possible to adopt new taxes except in the case of age other law prescribed imposed."

He noted "the existence of taxes on the mobilization of the mobile phone, cars and alcoholic beverages cards, Rokzlk tolls and registration real estate."

The Finance Minister, Hoshyar Zebari, warned that the Iraqi government will not be able employees' salaries for the month of April next distribution, if the oil price remains low, pointing to the existence Options Kalaguetrad and raise the price of basic services and the sale of sovereign bonds.