Parliamentary Finance: The government pays 5 trillion dinars per month as salaries and financial condition critical


Baghdad / Press-term Ibrahim Ibrahim

Finance Committee in the House of Representatives, confirmed on Sunday that the government is paying between 4-5 trillion dinars per month for the salaries of the staff, as described the financial situation of the country as "very critical", the financial advisor to the Prime Minister announced the appearance of Mohammed Saleh, Iraq sought to borrow 16 billion during the preliminary meetings with the international Monetary Fund, which began in the Jordanian capital Amman.

Committee Chairman Hassan force in a speech during the presidency of the parliament meeting with heads of political blocs, which gave a detailed presentation on the general budget of the country for this year, and followed up (range Press), "The financial situation of the country is very critical and less dangerous than the security situation."

He said in effect, "The government pays between 4-5 trillion dinars for the salaries of the staff," stressing that "the International Monetary Fund stipulated that a general review and reduce budget expenditures to provide financial support for Iraq."

And the holding of Parliament Speaker Salim al-Jubouri, on Sunday, meeting with the heads of parliamentary blocs and committees, financial security and defense to discuss security and economic situation and the resumption of parliamentary sessions.

For his part, Economic Adviser (range Press), said that "preliminary meetings between Iraq and the International Monetary Fund, began today in the Jordanian capital, Amman, and lasts for a week, said the appearance of Mohammed Saleh, in an interview,"

noting that "The purpose of these meetings to get a loan worth $ 16 billion, in the form of payments received during the three years. "

Saleh added that "discussions focused on the economic situation in Iraq in general," he said, adding that "the meetings were not discussed up to now identify disbursement of the loan or the amount of your payments."

In turn, the economic expert Uday Abdul Ameer Amer said in an interview for the "long", "The government is geared towards external borrowing does not represent a long-term solution strategically to control the lack of financial liquidity experienced by the country,"

"The provision of approximately $ 15 billion over three years of foreign loans will be concentrated on the salaries of employees and retirees secure process for a period not exceeding the end of this year."

Amer said that "the government's duty to sustain the financial momentum for these loans by investing in the creation of service projects and profitable return more money on according to a specific timeline does not exceed the period of lending."

He said the "conditions set by the donors that will determine the course of the Iraqi economy in line with the lack of financial resources, so must the federal government to move Petrhik operating expenses within the economic scheme center corresponds to the reality of declining for nearly two years the economy."

And conducted the International Monetary Fund in the Jordanian capital Amman on Saturday (14 May 2016), talks with the goal of Finance Minister Hoshyar Zebari, the Iraqi delegation and advisor to the Prime Minister for Financial Affairs appearance of Mohammed Saleh, Governor of the Central Bank on the Keywords and a large number of leading cadres in the ministries of oil and the Central Finance and the World Bank and Planning and electricity, and those talks will continue until next Wednesday.

She stressed the US, at the (20 April 2016), that the economic reforms the Iraqi government began its effects appear to increase non-oil imports, while suggesting that the Iraqi government's success in reducing the budget deficit would mean obtaining a loan from the International Monetary multibillion-dollar fund.

The appearance of Mohammed Saleh, said in an interview with the (long-Presse), in the (26th January 2016), that Iraq has agreed with the International Monetary Fund for long-term soft loans for the implementation of development projects, noting that the fund is among other conditions , government spending, and amended some of the procedures relating to economic policies, while counting economist that "the most important" of those loans is to know the amounts that will be obtained during the year 2016.

Iraq had announced (13th January 2016), the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing the reserves of $ 59 billion October 2015 the last end, to 43 billion during the this year.