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Loss of a trillion dollars ... Where did the money Iraq?


yota691
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08-02-2016 03:00 PM

 

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Reports issued by several banks and international financial and consulting institutions expected continued decline in global oil prices, during this year, which threatens Iraq's years of lean, having made ​​high incomes in the past due to the surge in oil prices. 
Currently, Iraq suffers from a very bad economic conditions, paid some organizations and centers of international and local research to talk about entering the economy in recession cycle, not even a number of reports predicted that Iraq declares bankruptcy before the end of 2017, unless you get a miracle change bad status quo ... but, how can a country of oil that breaks down so easily ? Where is the Iraq money? 
He has already said the oil minister, Adel Abdul-Mahdi, in the past, that the budgets of Iraq since 2003 and until the end of 2014 had reached $ 850 billion, and exceed this amount trillion dollars if we add the 2015 budget and the differences in oil prices 2013 and 2014, when it was estimated at less than world prices. He accused some observers of the government of former Prime Minister, Nouri al-Maliki, of manipulating the amounts of this budget. In turn, says economist and academic expert, Dr. Humam Chandler, that 'dispel all that money back to the expansion of spending to a very large degree', and adds: 'The aim of the behind the theft of the money and not the rebuilding of Iraq, under the huge spending can the crimes of theft and all types of financial and administrative corruption to pass easily. ' Chandler asserts that' a lot of Iraqi funds have been squandered through bank transfers, which has over the past years', and stresses that 'disregard for the Iraqi budget through non-submission of final accounts since 2006, exacerbated by a crisis in the financial situation of the country. " for his part, sees judge and former parliamentarian and former governor of Basra, Dr. Wael Abdul Latif, that there is a glut in high-ranking positions in the Iraqi state, and it needs to feminine to save a lot of expenses, she explains: 'for example, was formerly in the Iraqi army a few leaders of the rank of lieutenant corner, whereas today approximately 80 commander holds this rank'. Abdul Latif and indicates that it 'is due to the quotas, which represents a real partisan on the defense budget and balancing the burden of the Iraqi state. "

 

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