The Iraqi parliament issues 8 recommendations to the government to avoid the risks of a global economic crisis

[SocalDinar]

# 6 is interesting

 

 The Iraqi parliament issues 8 recommendations to the government to avoid the risks of a global economic crisis

 

2020/03/12 04:37:24

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Shafaq News / The Parliamentary Economy and Investment Committee urged on Thursday the Iraqi government to implement recommendations and decisions to avoid the country risks of a looming global economic crisis after the collapse of oil prices and the spread of a virus in most countries of the world.

The committee said in a statement today that it is deeply concerned with the low prices of oil sales and requests the government to take the necessary precautions to face a looming global economic crisis on the horizon, which will have a strong impact on the Iraqi economy in light of the deficit and debt burdened by the state's general budget.

The committee asked the government to take a number of measures and decisions through which it can manage the financial crisis, as follows: -

1 - Stopping investment spending and reducing operational spending in all aspects of government activity immediately.

2- Agree with the creditors to postpone the payment of Iraq's external and internal debts until the financial situation improves.

3- Obtaining state debts on mobile phone companies and telecommunications companies.

4- Stop the payment of amounts to the investors of the electricity sector.

5- Work to enhance government imports and supply the treasury with the region's value of crude oil exports and border crossings.

6- Review the exchange rates from the Central Bank of Iraq to ensure prices that do not affect the citizen and at the same time secure the salaries of state employees.

7- Form a supreme committee to impose the management of Iraqi treasury funds and to follow up the ministries, agencies and institutions that are lagging behind in paying the money obligated to collect them for the public treasury.

8- Any other measures that the government deems necessary to maintain the hard currency and prevent wastage in spending.

https://www.shafaaq.com/en/economy/the-iraqi-parliament-issues-8-recommendations-to-the-government-to-avoid-the-risks-of-a-global-economic-crisis/

 

 

 

[horsesoldier]

....” Prevent wastage in spending “😂

[new york kevin]

Pay people ...

[dinarham]

Accordig to Reuters  international companies are hoarding cash due to this"crisis".including Exxon and American Airlines .

[Bunk]

#9>Keep all Your money as well hidden as You possible can.

[horsesoldier]

15 minutes ago, dinarham said:

Accordig to Reuters  international companies are hoarding cash due to this"crisis".including Exxon and American Airlines .

 

Be nice to “ hoard cash “... but these Iraqi Meat Puppets loyal to Iran just don’t wanna make that happen. 

[3n1]

1 hour ago, Bunk said:

#9>Keep all Your money as well hidden as You possible can.

 

#10 ) curtail all thievery previously enjoyed and only take what is necessary to satisfy Iran till oil reaches the approved levels for stealing openly again .......  

[DinarThug]

The Iraqi parliament issues 8 recommendations to the government to avoid the risks of a global economic crisis

LINK 

03/12/2020 06:13:51
 

 

 

The parliamentary economic and investment committee has put forward recommendations to avoid iraq's risk of a looming global economic crisis after the collapse in oil prices and the spread of a virus in most countries of the world.

Al-Lahna said in a statement today that it is deeply concerned with the low prices of oil sales and requests the government to take the necessary precautions to face a global economic crisis looming on the horizon, which will have a strong impact on the Iraqi economy in light of the deficit and debt burdened by the state's general budget.

 

The recommendations included:

 

1. Stop investment spending and reduce operational spending in all aspects of government activity immediately.

2. Agreement with creditors to postpone the repayment of Iraq's external and internal debt until the financial situation improves.

3. Obtaining state debt on mobile phone companies and telecommunications companies.

4- Stop making payments to investors for the electricity sector.

5. To strengthen government imports and to provide the Treasury with the value of exports of crude oil and border crossings.

6- Review the exchange rates of the Central Bank of Iraq in order to secure prices that do not affect the citizen and at the same time secure the salaries of state employees.

7- The formation of a high committee to enforce the management of Iraqi treasury funds and follow up the ministries, agencies and institutions that are required to pay the funds that are obliged to collect them to the public treasury.

8- Any other measures the government considers necessary in maintaining hard currency and preventing waste of spending.