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Baghdad recognizes the budget in 2015 worth $ 103 billion


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Baghdad recognizes the budget in 2015 worth $ 103 billion   irak07.JPG
Tuesday, 01/03/1436 e - m, corresponding to 12/23/2014 (updated) 20:17 pm (Mecca), 17:17 (GMT)
   

Iraq's cabinet approved a draft federal budget for next year worth $ 103 billion, with an average deficit of about 20 billion. The Iraqi Prime Minister Haider al-Abadi said at the beginning of this month that falling oil prices forced the government to cancel the 2015 draft budget and embark on a new draft.

He said Finance Minister Hoshiyar Zebari told Reuters news agency that the budget will be presented to Parliament after that regulate the legal drafting committee comprising the Minister of Finance and led by Iraqi Prime Minister. The Committee also includes Bahaa al-Araji, the deputy prime minister and the ministers of planning, higher education, scientific research and transportation.

Iraqi parliament speaker has called Salim al legislative institution to convene next Thursday to discuss the budget, which is the price of oil was adopted on the basis of $ 60 a barrel.

Jobs and the deficit
and the budget next year include the introduction of more than a hundred thousand new jobs, of which 83 thousand to the ministries of defense and interior. First, the ministry acquires five budget, which relies 95% on oil revenues.

Because of the increasing budget deficit, Baghdad will resort to issuing permissions for the treasury and government bonds to finance the deficit, and will borrow from local banks, according to a Zebari. As the country's authorities are planning to withdraw some of the financial shares deposited with the International Monetary Fund , and the imposition of a tax on imported cars, and slices of imported mobile phones and the Internet.

Iraq has yet to approve the budget year in 2014 because of disagreements between the political blocs on the terms and clauses contained in the budget law, and because of the security situation following the disturbance control the organization of the Islamic state over large areas in the north and west of the country.

Current spending
Zebari said that no data about public spending draw the current year, but it is expected to exceed the amount of 123 trillion dinars ($ 103 billion) planned in the budget of 2015. The pay higher spending and falling revenue Baghdad authorities to approve the austerity measures as a result of the very low oil prices in global markets since last summer.

He noted the Iraqi Minister of Finance that his country's economy suffered a major Sdmtin in the current year, fully to the emergence of state regulation and the consequent military confrontations and losses to agriculture and the costs of care displaced, and the second shock is the drop in oil prices.

It should be noted that the budget year 2015 comes just weeks after the conclusion of the central government in Baghdad and the Kurdistan region of Iraq agreement ended the differences between the two sides on oil exports and the region's share of the federal budget.

 

Zebari: the budget deficit 23 trillion dinars

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Baghdad-Iraq-Presse December -23: Finance Minister Hoshiyar Zebari said that "the budget for fiscal year 2015 value of 123 trillion dinars, expecting a deficit of 23 trillion dinars.

 

 

He Zebari told reporters, "The Council of Ministers approved on Tuesday a draft 2015 budget worth 123 trillion dinars ($ 103 billion)."

 

 

The Minister of Finance that "going forward will be presented to Parliament soon after he set the drafting committee that contained headed by Haider Abadi, head of the Council of Ministers."

 

 

He guessed Zebari said "The Committee meets on Wednesday, and then refer the project going forward then to Parliament."

 

 

The Council of Ministers approved in its meeting today on the budget with the formation of a committee headed by the Prime Minister Haider al-Abadi and the membership of the Deputy Prime Minister Bahaa al-Araji, financial planning, higher education, scientific research and transportation and ministers, to review and re-formulations of some materials budget legally. "

 

Earlier, the National Alliance MP Hussein al-Maliki said that "the Council of Ministers and by approving the budget, decided to deduct the amount of state employees who pay their allocations with nominal salary, any who has a salary of 1.5 million dinars, will take the amount of it is deducted Kedjar him Given the current financial circumstances. " Ended (1)

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Minister of Finance: the budget is a priority for the defense, energy and displaced persons and to cover the deficit Snguetred

Tuesday, 23 December / 1 December 2014 21:00

 

[baghdad-where]

Finance Minister Hoshiyar Zebari said on Tuesday that the 2015 budget priority is the defense, energy and displaced persons. "

Zebari said in a press statement "really are faced with a situation financially and economically difficult," he said, "the strategy was to offer a real budget and arrange budget in accordance with the actual revenues so that we can fulfill our priorities Home."

And between Zebari said that "those priorities is to defend, fuel, electricity and displaced people in Iraq, where it has more than two million people lost their homes in the last year and these people need to return to their homes and to basic services, and reconstruction and security."

Finance Minister pointed out "that there was no specific figure yet on actual spending in 2014 but is expected to be higher than the amount of the draft budget of 2015".

"The economy received a major Sdmtin in 2014 are growing organization Daash and loss of Agriculture and displacement," noting that "The second shock was the drop in oil prices."

And the budget deficit, which stood at 23 trillion dinars Zebari said that "the government will finance the deficit through treasury bills and government bonds and borrowing from local banks."

Zebari said he "expects oil prices to rise in 2015 and that any surplus revenue will be spent on investment projects."

The Council of Ministers approved in its meeting today on the budget, which amounted to 123 trillion dinars [$ 103 billion] deficit of 23 trillion dinars with the composition of the committee headed by him to the prime minister Haider al-Abadi, to review and re-formulations of some budget items legally. "

After the committee meeting scheduled on Wednesday to refer the budget bill to the House, which has Alnwab- Batlth Alchrieih- for approval after the President of the Council, Salim al decided Thursday after a special meeting of the budget.

The preparation of the draft budget for 2015 the law has been postponed last month with the continued decline in oil prices was supposed to originally include the price of crude to $ 70 a barrel next year, but has been reduced to $ 60, and are trading Brent crude oil futures above $ 60, down from $ 115 in June .anthy

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Zebari

Rwoodo - Arbil,

announced Finance Minister Hoshyar Zebari, the priority of the financial budget of the country for the financial year 2015 will be dedicated to the defense, energy and displaced persons. Zebari said in a statement "really facing a financially and economically difficult situation," but he also said "the strategy was to offer a real budget and arrange budget according to actual revenues so that we can fulfill our priorities Home. "Zebari said that "those priorities is to defend, fuel, electricity and displaced people in Iraq, where it has more than two million people lost their homes in the last year and these people need to return to their homes and to basic services, and reconstruction and security." He added that "there is as yet no specific number on the actual spending in 2014, but is expected to be higher than the amount of the draft budget for 2015", persisting saying "our economy received Sdmtin big in 2014 are growing organization Daash and loss of Agriculture and displacement. The second shock was low prices oil. " And the budget, which amounted to 23 trillion Iraqi dinars, deficit Zebari said that "the government will finance the deficit through treasury bills and government bonds and borrowing from local banks.

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The only Intel i have ever heard which has borne fruit is about bonds.. Remember when maliki was flapping his lips saying they would be selling bonds, and then he suddenly shut up about it? I'd been told that the IMF said 'no bonds until RV.' I actually heard this from 2 different people. That's when they stopped talking about selling bonds.

If they are now once again saying they'll be selling bonds, maybe it was true and not just coincidence,

I also heard that Okie will be landing his 747 at the Bahgdad International Airport and will be the one to march into the CBI HQ to push that magic button. Maybe that's true too!

Edited by Deborah Layne
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