Economists Atdarson expand financial resources

9/25/2016 0:00

BAGHDAD / Shokran Fatlawi

considered the elite of financiers, economists and specialists of financial and oil affairs challenges and problems facing the 2017 budget year in light of a sharp drop in oil prices , arguing that the budget is the main criterion for measuring economic performance , stressing at the same time , the need to develop a vision based on the financial realities and oil for the country.

initiated a symposium organized by the progress of policy development institute under the title «economic analysis to balance the 2017 challenges and solutions» and attended by «morning» the word of the President of the Institute , Dr. Mehdi al - Hafez, which explained through which the country is going through very harsh conditions, which impacted on the preparation of the budget and the value of

fundamental issues

and pointed out that since 2003, and still balance the focus of controversy and discussion is useless because of the sense that the waste could leak into the budget and its implementation.

he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar, then placed «final accounts« which constitute an essential element in the state accounts, which is still pending material without serious her application, and control over the
exchange rate the 17 percent.

asked for financial accounts with the Kurdistan region and whether that 17 percent represents sound formula or should be counted the money received by the region , whether in the form of oil sales, taxes or fees or other forms, then what about the official existing units now in the economic structure of the state and do we need to rethink the safety of these units and economic need for them.

He concluded Hafiz Talking about the service contracts in the field of oil and calls for a review and put it in the context of reduced public spending of the state as well as the question of the project on a number of institutions and the reason to keep it.

in turn assured the governor of the central bank and the agency , Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re - structure accounting system and the reduction of import phenomenon and work tariffs.

loans international

For his part , stop counselor for economic Affairs in the Council of Ministers , Dr. Abdul Hussein Al - Anbuge, when international loans and carry it from the negative effects on the national economy , where Iraq will face difficulty in repayment and benefits years later, also addressed the value of the dollar and linked to addressing the deficit in the federal budget, as well as reducing the number of parliamentarians to 100 members and determine the ten members of the provincial council and its role in reducing expenses.

maximizing revenue

and added that to maximize revenue and as stated in the budget of 2017 is continuing to impose sales tax on Kartat mobile phone and internet networks about 20 percent , accompanied by the imposition of airport tax as a lump sum (25 thousand dinars) per ticket in all airports, as well as the continuation of the ministries and provinces to impose fees or wages of new services and modification fees and current wages with the exception of the
sovereign. '

wages electricity

and stressed the importance of activating the collection of electricity, telephone, water and sewer fees, The deduction is worth 4.8 percent of the total salaries and allowances for all state employees and retirees all meet the needs of the popular crowd and relief to the displaced as well as increase the property tax rate of 10-15 percent, selling and investment Output Cree rivers and 50 percent of them to cover the Ministry of water resources expenses and 50 percent final revenue budget

rationalization of spending

either in regard to measures to rationalize spending, Anbuge it clear that reducing the number of cars to the heads of the three presidencies as stated in the budget of 2017 by 5 cars of the heads of the three presidencies and four cars to their deputies and three cars for ministers and rank shall be fixed and two cars to agents and rank shall be fixed for the general managers.

among Anbuge, bears employee car State uses a completely fuel and maintenance expenses with the exception of operational cars and farm productivity and ambulances and the transfer of staff, referring to reduce the number of delegates 50 percent and reducing the external deployment and reduce expenses. the

organization of conferences

and stressed the need not to organize conferences outside Iraq and reducing diplomatic missions by 25 percent and the closure of Attaches and transferred to the embassy , and reduce the number of its employees by 25 percent , also stressed the importance of reduce the number of state employees and to stop the appointments in companies and institutions of self - financing and trimming scores that are vacated due to transportation or retirement or death.

point Anbuge a number of observations about the budget bill consisted article 10 / III need to rewriting floating for being, as the Article 21 dispute the scientific bases for the preparation of the budget came while Article 27 remained floating well as the issuance of money orders and bonds worth $ 12 billion to cover the entitlements of the oil companies did not appear in the budget table.