Details of the disappearance of "120" billion dollars of surplus budgets of the country during the reign of Al-Maliki!!

05-09-2016 02:30 PM

A recent report about the disappearance of 120 billion dollars of surplus budgets of Iraq finances during the tenure of Prime Minister Nouri al-Maliki.

Report of the Global Center for developmental studies, based in London, explained that during the period between 2006 2014 Iraq achieved significant financial surpluses could contribute to rebuild and transform it into a modern State, bringing the total budgets in that period 700 billion dollars mostly went into the pockets of corrupt.

According to the report, the Prime Minister Haider Abadi of Maliki's predecessor almost empty coffers where no more than 700 million dollars, making Iraq in a very difficult financial situation, especially with the decline in oil prices and declining revenues and rising cost of war on ISIS.

The report said the Iraqi Central Bank reserves dip too at the time should have increased, while Iraq budgets rose from 100.5 billion in 2012 to $ 145.5 billion in 2014, the reserves Central Nick fell from 88 billion to $ 67 billion, and continued to decline this year to $ 43 billion, a decline of up to 45 billion dollars and the rate of decline equivalent to 9 billion dollars a year go mostly to Buy non-productive goods.

The report said that during January and February 2016 financial Iraq revenue 3.269 billion dollars while the Central Bank sold 5.821 billion dollars to import goods, cover 2.552 billion variance from the reserve. As around the Central Bank during the period from 2012-2015 $ 6.5 billion buying instruments proved fake company issued to later identified companies fake it well.

Global Studies Center warned of continuous process waste in Central Bank reserves, especially with oil prices remain at low levels and the increasing burden on the State because it means the budget deficit swelled to levels may exceed what is advertised and up next year to 32%, despite attempts by Prime Minister Haider Abadi of curbing corruption in Iraq or to the beneficiaries of this phenomenon are trying to obstruct it, influencing the work of independent bodies through the influence of some parties or militias.

The report called on Prime Minister Haider Abadi to speed up detection of corrupt senior before the next election.

Centre for global studies indicated that the Iraq file receive international attention especially since corruption caused the spread of terrorism in Iraq constituted a threat to the region and the world.

The report that the success in combating corruption fight is as important as the release the connector and will enjoy popular support and international position to implement programmes in the reconstruction, services and building State institutions.