Abadi’s office: the government did not announce the adoption of austerity budget

Abadi’s office: the government did not announce the adoption of austerity budget will reduce spending and “unjustified”

11/16/2014 (0:01 pm)

Abadis office - the government did not announce the adoption of austerity budgetBAGHDAD / Ibrahim Ibrahim / long-Presse

Economists stressed that the Iraqi government does not have a strategy whereby the distribution of financial resources of the country are without wasting unexpected plans drains coming budgets, while denied the government agencies and the tendency to work with a budget austerity next year, noting that the government plans to cut consumer spending “unjustified” as described.

The director of the Office of the Prime Minister Mahdi Keywords, in an interview to the “long-Presse,” that “the government has yet to announce the adoption of the budget austerity for the next 2015,” returned to “talk to the contrary lacks accuracy and credibility” .oaqr relationship, that there is a “hardship financial objective reasons associated with a part down oil production in Iraq after the June events, and the other down global oil prices, “noting that” the government is currently working on the preparation of the budget depends on reducing consumer spending unjustified, healthy and correct step, regardless of financial distress the country is undergoing, is also seeking to diversify its sources of financing of the national economy. ”
The director Abadi Office, that “the adoption of the establishment of industrial estates law is soon to activate the industrial sector again and add too much to the local economy.” For his part, MP for the National Alliance, on the Keywords, in an interview to the “long-Presse,” that “the general budget for 2014 current, is still in the inclusion of the government to study the best way to discharge. “He added Alak, that” the current general in 2014 is nearing completion and it became very difficult to pass the budget form in which it raised its inception, especially that the priorities now changed as change spending and Iraqi imports size “, expressing his belief that “the government will give a quick and urgent formula to balance the 2014 budget next year to be comprehensive and wide to supplement their path.”
He stressed relationship, that “the National Alliance will support the government’s orientation to the Declaration of budget austerity in the next 2015,” and added that “the alliance as long as students do so repeatedly and now has come round to apply it practically to the possibility of reducing spending on many doors and reduce wasteful exchange also proved many facts.” Turn economist said Abbas Bahadli “long”, that “the government and since the announcement did not set clear economic plan to address the current financial crisis, we find personal by some officials analyzes without the presence of a package of measures includes a quick reforms commensurate with the global market variables.”
He added that the “fulcrum balancing the country’s oil resources make it vulnerable to global price fluctuations and clearly evident through the rapid decline of the price of crude oil, which reached below the $ 80, while there are not any real initiatives to support the private sector to be an active partner in the local economy movement “He pointed out that Bahadli” Cancel unnecessary allocations in the 2015 budget represents a significant number, but the government put the strategy to distract the court of public funds by institutions to target so big over wasting money. ”
He said, “Iraq is a rich country but lacks management sober and responsible control his money and can not manage the country’s minds controlled by the whims partisan and sectarian, and it has been demonstrated in the previous ten years of experience that led to an economy suffering from administrative slack and the bankruptcy of the financial coffers.”
It said a member of the coalition of citizen, MP Ibrahim Mohammad Bahr al-Ulum, in an interview to the “long-Presse”, “The decline in production Alinvtafa Iraq by between 10-25 percent in conjunction with the decline in world oil prices by 25 percent much impact on next year’s budget in 2015″ .
He explained Bahr al-Ulum, that “Iraq was issued at the beginning of the current year 2014, three million and 400 thousand barrels per day at a price of $ 90 for one, and had been suffering with this large deficit, how the case with the current changes and the concomitant security conditions.”
He continued in the leadership of the Supreme Council of the Islamic coalition, led by Ammar al-Hakim, that “Iraq now faces Two efforts, military first, second and take care of the displaced,” returned that “it will take a lot of government spending.”
Promised Bahr al-Ulum, that “challenges constitute a good chance that the Iraqi government initiated economic reforms”, and added that “reform comes with difficult circumstances and problems, and can not be achieved in light of welfare.”
The MP for the coalition of citizen, that “the time has come to embrace the private sector and give it a role in Iraq’s economic construction,” asserting that “the support of the coalition of the government’s orientation toward austerity policy depends on the mechanism and materials, despite the need to adopt a policy limiting unnecessary expenditures.”
It was the Federal Minister of Finance, Hoshyar Zebari, had confirmed earlier that the ministry will speed up the completion of 2014 the current budget, and sent to the Cabinet for approval soon, explaining that it will work after approval to complete the preparation of the budget next in 2015, to prevent without delay.
It is expected that the Council of Ministers to discuss the 2015 budget year, the end of this month, hoping to submit it to the House of Representatives if completed.
The chairman of the government, Haider al-Abadi, recently, for the discussion of the Council of Ministers of the federal budget for 2014, the current three times, and will provide a cash budget to the House of Representatives representing the amounts disbursed by the government since the beginning of this year, with military spending, pointing out that the budget of 2015 will be based on the current year’s budget, because the current problems will continue in the coming year, the province of Kirkuk, where oil wells stopped, as well as lower prices for a barrel of oil dramatically to below $ 90 per barrel.
Abadi added that the Council of Ministers decided to follow the “austerity policy in unnecessary expenses, and it will continue, because we can not confine the military effort and salaries and basic services to the citizens.”
The total revenue and expenditure for the first seven months of the year features the in another era Nuri al-Maliki shows that Iraq spent all amounts derived from the export of oil, even though he did not pay the Kurdistan dues nor the amounts allocated to Basra petrodollars, nor most of the financial obligations of the provinces which fell to Daash.
Global oil prices are facing a significant decrease of between 80 to 85 dollars for a barrel of oil after it was up to nearly US $ 120 per barrel during the past few months.