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Is Iraq beyond the crisis with rising oil prices
Published on Feb 25, 2015 Confusing situation of the Iraqi economy, especially after the decline in crude oil price has contributed strongly in projects crashes completely, but the slight rise in oil prices may contribute to addressing the current crisis.
In this context, it was considered D.mzar Mohammed Saleh, adviser to Prime Minister that "low prices Oil positive signal to reduce distress caused by the deficit. "
He added: "In fact we are in a deficit decree and oil prices still are below the price set in the budget and began approaching the exact price means there is not a burden."
Reporters stressed the need to activate all economic areas that could be which increase imports of the federal budget, rather than relying on the export of oil alone.
He says D.kazem Showcase, media: "We always hear that the Iraqi economy depends on oil and the economy yield but why! is Aalinvt concluded when leaving this dangerous side."
He adds D.nora Tamimi, media: "a lot of opportunities exist to promote the private sector, through private sector projects can activate the manpower and develop the social status of the country."
saving the federal budget of the danger that threatened is finding Default deficit is handled in accordance with the prudent economic measures calculate deems economists.
Economic Adviser to the servants, the government is serious in overcoming the obstacles to investment and Iraq in a recession The appearance of Mohammed Saleh
Author: Editor: br reporter: naNumber of Views: 90 15/02/2015 13:59
Tomorrow Press / Baghdad confirmed the economy adviser to Prime Minister appearance of Mohammed Saleh, Sunday, that the economic laws obstacle stand in the investment, noting that the government is serious in modified to provide an incubator of capital, while noting that Iraq today is going through Abeche from the recession.
Saleh said for "tomorrow Press" that "economic laws obstacle generally outside investor, is serious and the government to go to amend these laws commensurate with the stage and removed all the obstacles of the laws, regulations or instructions," referring to "the existence of the committee working on the activation of the Iraqi economy and the elimination all the bureaucratic procedures. "
He added that "Iraq faces a security challenge, but this has solutions and its sides that run it, but that does not mean the economy stops," noting that "capital coward but today we worked to provide a good incubator for this money to stimulate some business."
"The budget is not uncommon if exploited properly spent, and Iraq did not reach the stage of contraction, but need to raise economic efficiency," pointing out that "the current situation of the Iraqi economy is going through Abeche from the recession."
Consultant Abadi: are untrue to the government's inability to pay the salaries of staff
Date: 05/02/2015 17:41
Information / special / ..
Economic Adviser to the Prime Minister denied the appearance of Mohammed Saleh, on Thursday, reports that indicated for the inability of the state to pay the employees' salaries after three months, indicating that it is a rumor and economic war.
Saleh said in a statement to the Agency / information / "The Country undergoing an economic crisis is a reality that can not be undeniable and the budget was built on austerity policy, but it is able to function in the country up to this year. "
He added that "the reports about the inability of the state to pay the linkages staff are untrue and its staff salaries are going on a regular basis and there are sufficient funds and earmarked for salaries without any harm to inflict. "
And Saleh that "oil prices rising in recent days and the price of oil is currently exceeds the price at which built upon the budget Mini that the risk of deficit gradually will disappear with the progress of the days during the current year."
He pointed out that "there are rumors accompany economic war It is promoted for those rumors are like totals Daash criminal. "
The sources in the Ministry of Finance aid in a press statement that the funds in the state treasury not enough to only pay for three months and will be the government after three months, unable to pay staff salaries. "Finished / 25
Finance Ministry sources: certainly could not do after three months to pay the salaries of all employees
An employee in one of the state banks
Author: Editor: mst Reporter:
Number of Views: 582 05/02/2015 15:33
Maher Abdel Latif
Tomorrow Press / Baghdad: Knowledgeable sources in the Ministry of Finance, on Thursday, for a deficit in the state treasury, prevents the salaries of all employees dam, after three months, if oil prices continued on these prices. The source, who declined to be identified for "tomorrow Press "that" the rest of the money in the state treasury may fill the salaries of staff in just the next three months, and then will face the Ministry of Finance deficit bridged completely, "he said, adding that" the Iraqi state revenues from oil have fallen dramatically, without leaving the previous government any financial stocks fill this deficit. " He explained that "the current Finance Minister Hoshyar Zebari revealed to the House of Representatives and Minister nature of the crisis in Iraq, and the need to begin a severe austerity to meet the employees' salaries, at least," adding that "the financial budget, which is the basis relied on oil exports Iraq, dependent on sales in the oil market styles, as some companies that buy Iraqi oil company SOMO not received money owed soon. " To the detection of early source from within the ministry, for the study of the idea of borrowing money to meet the severe deficit in the fiscal budget approved by parliament last week. " He told "tomorrow Press" that "the advertiser of about 25 trillion dinars size of the deficit, record according to data expected revenues," adding that "any defect in the export or the steepest drop from the current time will increase the fiscal deficit." He added that "the payment of financial dues Iraq to export oil does not come one at a time, which may affect the payment of staff salaries on time," adding that "the Council of Ministers proposed to the ministries inform staff that there a delay in the delivery date of salaries." And the voice of Representatives on the financial budget last Saturday, a specific price of a barrel of oil at $ 55, while the current oil prices ranging from $ 50 to $ 52.
Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high dollarBy yota691
Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high dollar
Wednesday, February 4, 2015 14:57
The appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi central bank demanded to clarify the reasons for the low value of the Iraqi dinar against the dollar rise in the price in the local market.
Said Saleh told all of Iraq [where], "the central bank need to clarify the reasons for the high price of the dollar against the dinar, though slight, and shows what actions and policies taken to preserve the value of the dinar."
He pointed out that "a determining central bank sales of the dollar in its daily auction was due to financial hardship, home to Iraq and maintain the bank's foreign currency reserves is linked with earnings of Iraq in the fall and rise and be maintained by reducing its demand for the dollar and cover basic it needs."
And "we have in Iraq and there are loose commercial goods in the market is not worth the import where there are stocks of durable household as materials and cars suffice Iraq for several years, but the import is continuing and this exhausts the state budget."
He Mshar Prime Minister for Economic Affairs, "the power of the Iraqi dinar, which is covered in foreign currency, according to the definition of the money supply more than one and a half times, but at the same time, we must achieve a balance in maintaining the amount of foreign currency exchange rates and the value of the Iraqi dinar."
He assured the economist and deputy governor of the former central bank "that the Iraqi dinar is strong but it needs to counter this decline Iraqi actions."
And witnessing the Iraqi market, a remarkable rise in the US dollar against the dinar as it is expected that the dollar sales decline in the central bank auction of this year, according to the law of the state budget, which began in Parliament on 29 January last is expected to be published in the official gazette in the coming days after the presidency authentication to put into effect.
The law stipulates that the central bank is committed to identifying sales of hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of buy it for the amount and otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
It was not known if the price of the Iraqi dinar will be affected by the application of this article and observers fear that the lack of supply of the dollar in the markets will lead to a high price Bdinar.anthy 2
The appearance of Mohammed Saleh Abadi economic adviser praises central bank action to lend budget
Author: ASJ, HH
Editor: AR, HH 01/28/2015 eleven fifty-six number of readings: 213
Long-Presse / Baghdad
Praised the Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, Wednesday, measures the Iraqi Central Bank to lend financial budget for the current year 2015, and as he emphasized that this step will enhance and develop the market, he pointed out that it will be reflected positively on the citizens.
The appearance of Mohammed Saleh said in an interview with the (long-Presse) that "the Iraqi Central Bank actions funded budget for the current fiscal 2015 six trillion Iraqi dinars will be reflected positively on the state to get out of financial distress experienced by the country."
Saleh added that "This move by the central bank will strengthen and develop the market and reflected positively on the citizens."
The Iraqi Central Bank has decided, on Tuesday, (27-1-2014), finance financial budget for the current 2015 six trillion Iraqi dinars, and as he emphasized his agreement to a set of proposals to address the "fiscal challenge," in Iraq, he pointed out that these actions "do not affect the Bank's reserves. "
And the President of the House of Representatives Saleem al-Jubouri, the first Monday, (January 26, 2015), the parliamentary session to be held tomorrow, Thursday, to vote on the draft financial budget for the current year 2015.
He announced the Kurdistan Alliance, on Saturday, (January 24, 2015), the completion of legal drafting of the budget for the fiscal current year 2015, and confirmed that the Finance Committee is working to install the proposals currently on the budget, and as pointed out that the Commission will send a budget to the Presidency of the Council of Representatives this week for a vote, he stressed that the share of the Kurdistan region is set at 17%, that the conduct of the Iraqi Ministry of Defense Peshmerga salaries.
Referred to the Iraqi Council of Representatives ended during the fourth session of the second legislative term of the first legislative year, which was held in (January 12, 2015), ending the second reading of the draft financial budget for the current year 2015, and the vote of the Committee on Migration and Displacement powers all to follow the displaced, but not included in the agenda then until now.
He called on Iraqi Prime Minister Haider al-Abadi, on Saturday, (January 10, 2015), during the celebration of the anniversary of the founding of the Dawa Party, the House of Representatives to the lack of budget returns, and stressed that the validity of Parliament reduction and carry, and with the provinces and ministries called "open the door for investment wide , warned that it "will be considered investment like a terrorism crime disabled."
He pledged House Speaker Salim al-Jubouri in a speech during the ceremony itself, given the orientation of the government reduction in the budget, and stressed that the budget discussion is nearing completion, and as pointed out that the House of Representatives has a red line will Ntaadah the poor class, Prime Minister Haider al-Abadi asked for Private investment legislation.
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