British report: the disappearance of $ 120 billion during the reign of al-Maliki



September 8, 2016 18:21


A new British report, for the disappearance of $ 120 billion of surplus budgets during the financial Iraq Nuri al-Maliki to take over the presidency of the Council of Ministers.

The report issued by the International Center for Development Studies, based in London, that "during the period between 2006 - 2014 has made Iraq a large financial surpluses could contribute to the reconstruction and convert it into a modern state, where the total budget was in that period of $ 700 billion I went mostly into the pockets of the corrupt. "

The report added that "the Prime Minister Haider al-Abadi received from his predecessor, al-Maliki treasury almost empty where there is no more than 700 million dollars, making Iraq in an extremely difficult financial situation, especially with the drop in oil prices and revenues decline and the rising cost of the war on Daesh terrorist."

The report continued that "at a time when budgets Iraq rose from 100.5 billion dollars in 2012 to 145.5 billion dollars in 2014, the central bank's reserves fell from $ 88 billion to $ 67 billion and continued the decline that this year reached $ 43 billion, down up to $ 45 billion and the rate of decline is equivalent to $ 9 billion a year, go mostly to buy items unproductive. "

The report pointed out that "during the period between 2006 - 2014, Iraq submitted a large financial surpluses that could contribute to the reconstruction and turn it into a modern state, in terms of total budgets in that period amounted to 700 billion $ went mostly into the pockets of the corrupt."

The report warned of "continued growling operation in central bank reserves, especially as oil prices remain at low levels and the increasing burden on the state because it means the budget deficit to the levels of inflation may exceed what is unspoken and who arrives in the next year to 32%.

Link