Economists: the Government is capable of providing a minimum budget allocations

Baghdad/Ibrahim Ibrahim

Students specialize in economic, on Wednesday, the Government need to get rid of the curse of oil supplier and the liberalization of the economy for the current economic crisis, stressing the capacity of the Government to provide a minimum of balance this year and early next year, as economic advisor to the Prime Minister that the Government had taken measures to bridge the deficit in the public budget of the country, including 13 step, activation of taxation and grunts to borrow bank bonds.

The Economist said maytham winfred, in an interview for "term" that "a distinction must be made between the position of the critical financial situation that Iraq is going through, and a way to talk about, by administrators in General, to talk about forestry financial position not only applies to wages and salaries only, and limit it to this item only shows weaknesses in the budget".

"Explaining the financial constraints must be in the context of the broader impact of weak cut pushed through the Iraqi economy as a whole, given that oil plays a crucial variable in the variables of inflation and unemployment, the private sector and foreign trade.
Winfred said that "openness and transparency are necessary by administrators, but this openness must proceed from the realistic analysis with an opportunity to give solutions and proposals and papers that could be played by the Government, and what are the costs that the community could share, with trying to lower these costs to a minimum.

The "Iraq is undergoing critical economic phase, but can look positively if we can manufacture public opinion and the community towards economic and policy change addressed through greater participation in the opportunities and costs, and to officials and decision-makers an opportunity to increase their awareness of the need to get rid of the curse of oil resource and economic liberalization.

"The Government is able to provide the minimum budget for this year and early next year, is the last chance for them to review the economic and financial policies and the activation of a series of measures for immediate financial resources without damaging the citizen."

Mentions that Iraq is experiencing an economic crisis because of lower oil prices, and disbursements in the war against "daash", while Prime Minister Haidar Al-Abbadi on 18 November 2015, that Iraq will emerge from the financial crisis occurring in the stronger, adding that he found is presently to strengthen the economy and lack of dependence on oil.

Mohammad Saleh appearance said economic advisor to Prime Minister Haidar Al-Abbadi, Saturday (2/December 2016) told (range), "talk about economic depression in Iraq is forgone, upheavals to the financial crisis ravaging the country.
Saleh said that "manifestations of depression in Iraq clear of high unemployment, which reached 28 percent," dismissing "the presence in Iraq because of the amount of two per cent, the lowest in its history."

Economic Adviser, predicted that "the proportion of GDP growth between one to one and a half percent, returned as" best of the year 2014, although it's less than the population growth rate of 2.8 percent, since that difference does not lead to the growth of the economic sector and the expansion of the movement ".
Saleh stressed that "the Government to sell $ 2 billion of bonds, included in the draft budget in 2016 next to bridge the deficit," returned to "ways to bridge the budget deficit doesn't reflect the austerity being, being still."

Maybe Abbadi, Adviser that "these bonds popular", pointing out that as a result of "being a sovereign as well as high interest rates and the possibility of mortgaging in bridge".

He added that "Iraq budget for 2016 next involves the inability and austere, but motivational," adding that "the proportion of the budget stimulus bigger deficits."
Saleh said that "there are a number of actions to be taken by the Iraqi Government to bridge the deficit in the public budget of the country, including 13 steps, including activation of taxation and resorting to borrowing bank bonds and restructured some institutions of the factories don't work since 2003 and its employees shall receive a salary until now," he said, adding that "the staff of these institutions will not be released or demobilization but there are controls and administrative assets to ensure they continue to work."

Saleh noted that the "subject of the collection is still below the required level and must be activated in conformity with financial challenges experienced by Iraq," pointing out that "the electricity Ministry didn't answer, only 20% of the amount of remuneration through levies.

And counsel's opinion that the current fiscal year, a success, stressing that the "Government is striving for a successful financial plan in balance in 2016.