The government attributes the economic chaos of the import "to no avail" .. a parliamentary committee calls for the debts of the phone companies

[k98nights]

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08/10/2015 (00:01 pm)   -   the number of readings: 336   -  number (3473)

 

 

The government attributes the economic chaos of the import "to no avail" .. a parliamentary committee calls for the debts of the phone companies

 

BAGHDAD / long-Presse 
 

He attributed the economic advisor to the prime minister Haider al-Abadi, on Wednesday, "chaos" Commercial winning in Iraq for the granting of import licenses "without taste or interest," which led to the depletion of resources, and expressed his confidence in the possibility of investment of foreign loans of development projects, and while confirming that the Committee on the

economy and parliamentary invest in budget 2016 did not address the problems of its predecessors, will lead to the continuation of the deficit, expressed surprise at the government's claim, mobile phone companies to pay their debts, and the application of customs tariff law.

The adviser said the appearance of Mohammed Saleh, said in an interview to the (long-Presse), said that "chaos commercial winning in Iraq resulting from the grant with no taste or interest for goods import licenses do not deserve to enter the country is what led to the depletion of local resources and form a burden on the current account of the balance of payments." 
Saleh added, that "in the next 2016 budget included a large deficit of nearly 29 trillion dinars, constitute 26 percent of total spending, and a deficit of 13 percent of GDP", they returned to those "numbers pose a significant burden because the annual deficit in relation to gross domestic product the total should not be more than three percent, according to the international norms. 
"promised economic advisor to the prime minister, that" the problem in Iraq because it did not benefit yet from external sources to finance the deficit, such as agreements with multilateral international organizations, or commercial loans from international banking institutions or capital markets. 
"Saleh said that" internal sources is appointed President to cover the deficit in the budget, with the need for foreign loans for development projects and industries producing go to improve economic growth, "and expressed confidence in" on direct foreign loans for development. 
"For her part, member of the Committee Economy and Investment in the House of Representatives Nora Albjara, in an interview to the (long-Presse), "The financial budget for next year in 2016 involving a very large problems, and are almost reproduced from previous budgets", usually that "the budget remains unchanged, which came from the government, means stay the same problems and the continuing deficit. 
"confirmed Albjara, that" the lack of processors sound and plan strategy and development projects previous budgets are brought the country to the deficit suffered by now, with to his important resources, such as debt owed ​​by the mobile phone companies. 
"explained a member of the Committee of Economy and investment in Parliament, "The State requested mobile phone companies debts payable over three or four years, the private sector companies, no judicial decisions of the right to repay amounts", wondering "why the government could not implement those decisions and obliges mobile companies to pay their debts? ". 
She stressed Albjara, that" the debt owed ​​by the mobile phone companies can not be reckoned with, and can be an important tributary of the budget ", calling for the need to" apply the law of customs tariff on all ports, to reduce the phenomenon of dumping the local market with goods. 
"She member the economic and investment commission in Parliament, that there is a "border outlets do not adhere to reimbursement of the federal government, such as those in the Kurdistan region, which differ even by tariff than in place of other Iraqi ports," pointing out that "the Kurdistan outlets reduce the proportion of tariffs on goods, which contribute catching traders on them, and the flow of goods through with some of them is fit for human consumption does not need the local market, as well as its impact on the national product. 
"The Ministry of Finance sent (the 15th of September 2015), the draft budget for fiscal 2016, which estimated the B84 trillion law dinars, indicating that it was prepared to sell a barrel of oil price of $ to 45, with an average export of 3.6 million barrels.

 

 

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[sandfly]

THANKS

[new york kevin]

I think I am going to bed. This was one of those great articles that I sort of understood, and sort of didn't understand.

[10 YEARS LATER]

I'LL TAKE THE FIRST PART OF THE HEADLINE !!! 

 

I attribute to chaos now being experienced in the country to the GOI, for it's inept, bumbling and otherwise stupendously idiotic handling of the this entire situation. It appears as with most governments around the world, it far easier to blame everyone and everything else.

 

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