Ebadi, an adviser to criticize the performance of the Ministry of Finance, prepared b
Ebadi, an adviser to criticize the performance of the Ministry of Finance, prepared by the "weakest link" in the country's economy circle
12/27/2015 0 Comments
criticized the economic adviser to Prime Minister Haider al-Abadi, the performance of the Ministry of Finance in the economic policy of the administration of Iraq.
He said Abdul Hussein Al-Anbuge told all of Iraq [where], "The Ministry of Finance is now the weakest link in the economic circle in Iraq because we do each year to develop a strategy for the budget and there are people specialists from ministries met with them and put many of the recommendations that improve revenues and rationalize spending, but all we have proposed in this regard to increase the country's imports have not actually translated in the budget. "He added that" among what we have proposed partial sale of state property from the lands and governmental institutions which is redundant and neglected and Atstamlha originally and this can be sold to provide a lot of money as there are latest style large residential neighborhoods built on agricultural land and let us to turn the race ground from an agricultural to residential and giving occupants vacation building and support for drug Deed] and get revenue in return for paying a value of up to 10 Trellnaat dinars. "He pointed Anbuge to" the possibility of imposing a fee for converting the genus ground on every square meter a certain amount especially that some drugs are expensive, especially near religious shrines in Karbala and Najaf, where it built residential facilities and hotels. "He continued," As we suggested converting the dinar exchange rate against the dollar to 1300 dinars, and instead of selling the dollar to 1116 dinars to sell the central bank B1300 and this will save 9 trillion dinars, or about $ 8 billion and thus can bridge the budget deficit without borrowing, but weakness found in the Budget Department and Accounting in the Ministry of Finance and they do not possess the ability prevented turn these proposals into reality and diversify its sources of imports of the state. "He noted the economic advisor to the prime minister, said that" this Department of the Ministry of Finance has transferred the budget deficit next year of $ 24 trillion dinars to internal and external lending This is another problem that must be studied well-being mortgaged the country conditions and the government should accelerate to take immediate action to increase revenue from other sources and not just pressure spending. "The House of Representatives approved on 16 of this month, the budget next year 2016 with a total expenditure of more than 105 trillion and 890 billion dinars deficit accounted for 22.8%. The total revenue which 81 trillion and 700 billion dinars oil revenues, which accounted for 69 trillion and 773 billion dinars The increase of 85.1% from total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues. and formed the current expenditures [operating] a salary and other more than 80 trillion dinars, and increase of 76% [of total expenditures 105 trillion dinars] while The investment expenditure of more than 25 trillion dinars, and increase of 23.8%. It is noteworthy that, the World Bank, it was announced on 18 of this month, agreed to give Iraq a loan of one billion and 200 million dollars to assist in controlling the financial and improve the energy sector conditions, and to compensate the decline in oil prices and rising security costs, for its part, announced the Ministry of Finance last Saturday, that "Iraq will get the loan amount during the next few days and by the end of this year," .