The central bank and cell crisis affirm: No prejudice to the basic salaries and expenses



Posted 15/01/2016 03:37 PM

Mashreq - the news section:
Governor of the Central Bank of Iraq on the Keywords stressed that «the basic salaries and expenses locked». And as pointed out that «concern about the issue of salaries exaggerated», explained that «the budget for 2016 took into account the circumstances in the country». Keywords and said that «the 2016 budget year have been built and Tvsalia discussed with the government and the International Monetary Fund». Keywords He added that «what is collected in the ports than other state revenues but to undergo a lot of bugs and corruption» and poor performance. Revealing that «what is collected at border crossing points by the loyal groups of ports corrupt than other state revenues». At the same economist Essam Mahouelle confirmed that the central bank law does not allow the Iraqi government to borrow from the financial reserves, as pointed out that borrowing is not only the drafting of a new law is contrary to the Bank's borrowing materials. Said Mahouelle that "the law on the central bank does not allow the Iraqi government to borrow from the financial reserves because it will reflect negatively on the reality of the Iraqi economy and monetary policy, as well as its impact on fiscal revenue for the country," pointing out that "the financial borrowing from the bank reserve process requires the drafting of a new law be different materials to borrow on the Law of the Central Bank. " He added that "there are solutions to help Iraq to overcome the financial crisis through the issuance of domestic and foreign securities, as well as borrowing from the Bank and the IMF," calling on the Iraqi government for "activating the productive sectors in the country because they contribute to Brphi general budget money." The crisis cell had met under the chairmanship of Prime Minister Haider al-Abadi, was confirmed not to touch the salaries and incomes of employees and retirees covered by the network of social protection of employees and self-financing companies. Ebadi said Office in a statement that "the crisis cell held a meeting chaired by Prime Minister Haider al-Abadi, was at the meeting emphasized the need to take a package of measures to address the financial situation in light of the large collapse in world oil prices, which reached its lowest level in twelve years, and the consequent the lack of state revenues. " He added that he «was confirmed not to touch the salaries and incomes of employees and retirees covered by the network of social protection of employees and self-financing companies».

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