The government denies intention under oil-for-loans and confirming its position as solutions to cope with the financial crisis

1101 2016
Denied government about conclusively, on Sunday, its intention to pledge Iraq's oil in return for loans from some countries, stressing taken all measures to cope with the financial crisis, pointing at the same time their commitment to the perpetuation of the battle momentum against al Daash and provide employees and retirees' salaries and social protection network.

He says Saad al-Hadithi, spokesman for the government, said that "cited the media recently about the intention of Iraq under oil in some states in return for receiving an incorrect financial loans as this news is incompatible with logic."

The Finance Committee of the House of Representatives had suggested yesterday seekers to Iraq under the oil countries to face the financial crisis and securing employees' salaries

In return, Sabri said in a statement to the "New Morning", that "several measures have been taken to face the serious deterioration of oil prices and its negative impact on the country."

He pointed out that "Iraq has lost at the beginning of the crisis, about 70% of the revenues of oil revenues within two years because of the low price of a barrel from $ 115 to $ 30," pointing out that "the ratio recently reached 60% after our success in increasing the production ceiling."

The estimated year-Hadithi confirms that "the federal government has two commitments can not abandon them under any circumstances."

"The first obligation of providing the war effort and sustain the momentum of the fight against the terrorist organization Daash".

And it went Sabri said that "other obligation imposed insurance employees and retirees' salaries and social protection network on us."

He noted the government spokesman that "Iraq sees a red line in salaries; it touches food poor and middle slides."

But he draws the "measures taken by the Government to meet these two commitments and provided for in the federal budget for 2016".

He cautioned the application of each of the "collection of electricity and water services, transportation sales charge the phone cards taxes, and the Internet, and taxes of border crossings, and alcoholic beverages and cigarettes wheels, and the deduction of 3% of the salaries of employees and retirees."
And he finished Sabri said, "if the government succeeds in these taxes and deductions are met, it will provide good financial returns for the Treasury, as well as benefit from the soft external and internal loans and simple terms, and the possibility of putting to subscribe bonds."
For his part, he sees the Finance Committee in the House of Representatives member Hossam punitive in his commentary to the "New Morning", that "the government has yet to develop realistic solutions to cope with the continuing decline in oil prices."
He stressed that "the crisis is not limited to the domestic side, but is the result of policies adopted by some countries to find an abundance of oil contributed to the decline in prices."
They accused the punitive "These countries trying to control the economy in general, which requires positive attitudes over Iraq in order to overcome the current crisis."
Punitive and called for "the need for the government with the help of experts of finance and economy and to begin a major economic revolution to save the country from a bad financial situation and meet the aspiration and hopes of the citizens," and urged "to accelerate the resolution of this serious file and not to cause obtaining a severe crisis that could lead us into the abyss."
The prime minister Haider al-Abadi stressed, that the collapse of world oil prices would be a "force" for Iraq and the "benefit" of stimulating positive, as called for activating the single window in the investment, he expressed regret for the decline in palm cultivation in Iraq.
2016 New Morning