World Bank: expense of budgets Iraq, far less than the observed

World Bank: expense of budgets Iraq, far less than the observed

25/02/2013 (23:00 pm)

Baghdad / term Press

Revealed the World Bank, on Sunday, that the volume of expenditure of Iraqi budgets far less than the observed where money, and expressed his fear of the danger of adopting the Iraqi budget for oil fully and guesses prices high, and between that any decline in the price of the world’s oil will cause problems large to Iraq, in when confirmed by the Ministry of Planning said that there is no alternative for Iraq but to rely on oil.
The World Bank representative in Iraq Maria Helen in a joint conference with Iraqi Minister of Planning Ali Shukri in the ministry building and attended (range Press), “The preparation of the budget on the price of a barrel of oil set at $ 90 without maneuvering may lead to shock for Iraq,” adding that ” any decline in the global price of oil could lead to balancing the country to big problems. ”
Helen called to “reduce the price of a barrel of oil Evaluator to adopt the budget well,” noting that “any surplus or a rise in prices from which to build other projects and it will help that there will be savings.”
The Council of Ministers approved, on the fifth of November 2012, the budget year 2013 worth 138 trillion Iraqi dinars and adopted the budget on oil exports from Iraq on the basis of $ 90 as the price per barrel.
Helen announced that “the International Monetary Fund will enter into negotiations with the government, the end of this month and we will discuss these issues.”
Helen added that “one of the problems suffered by Iraq is how to spend the budget that has,” adding that “the rate of spending real find is very low compared to what is made of money.”
For his part, acknowledged the Iraqi Planning Minister Ali Shukri at the same press conference that “Iraq’s budget for 2013 by 93% dependent on oil and the government is aware of the danger this issue.”
Shukri stressed that “the government also believes that $ 90 a barrel is too high and any impairment may come the big problem for Iraq,” adding, “But today no alternative but to determine the price to $ 90 to go to provide the necessary funds for the budget.”
And facing the adoption of Iraq’s budget for 2013, many obstacles and large, at the time failed when parliament at its yesterday Saturday, 02.23.2013 adopting or returned to the Council of Ministers to modify the Prime Minister Nuri al-Maliki expressed his concern at the boards central and southern governorates, held in Basra cause political problems that the country is going through not to approve the budget.
It is noteworthy that political sources and other parliamentary, attributed the mismatch on the draft budget, to raise political blocs its demands, insisting the coalition of state law on the Set Session certain local governments and reduce the share of the Kurdistan region, while insisting the Kurdistan Alliance to increase allocations Peshmerga and maintain the ratio Territory of the budget amounting to 17 percent, as well as the allocation of funds for the oil companies operating in the region.
Also requires the Iraqi List, the census and non-interference central government in the affairs of local governments before agreeing on the budget, as well as increasing the price of a barrel of oil to neighboring countries, which is now $ 50, and insists Sadrist implementation rate of 25 percent of the surplus oil sales and distribution to citizens with Adoption of the pension law, while calling for mass citizen approval of a grant of university students and increase social welfare grant and made 250 thousand dinars as a condition for voting on the budget.

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