Calls for the introduction of [stabilization fund] to address the budget deficit
Prime Minister Counselor for Economic Affairs, calls for the introduction of [stabilization fund] to address the budget deficit
Sunday, 18 / January 2015 08:02
[Baghdad-where]
Called adviser to Prime Minister for Economic Affairs appearance of Mohammed Saleh to develop what he called [stabilization fund] to meet the annual budget designed on the basis of the default deficit, which is possible according to his opinion, “that is covered by the Ministry such as the Ministry of Electricity by investing in a number of sectors” .
Saleh was speaking at a lecture Saturday at the Ministry of Electricity within the program aims to raise the administrative and financial capacity of the Supreme Angels in the ministry to feed them to solve problems and get out of the crisis .
And accept adviser to Prime Minister the economic situation in the country and cons of delayed approving the budget and logical alternative to the decline in oil revenues in order to achieve coverage of financial operations in government institutions in general and services in particular, through the creation of the stabilization fund, which he covers his work Fund or Iraq Development Account ( DFI).
In an intervention during the lecture, Minister of Electricity Qassim Mohammed Fahdawi, said the Ministry of Electricity need to assign the financial work by adopting a constructive theories have been applied in a number of European countries where economic crises have occurred, and that these theories have been developed by experts, and applied in a practical and successful on the ground, and we as possible to benefit from these experiences to enrich the administrative and financial our system in the country, and we are confident that the efforts of the creative minds of the Iraqis could surpass all crises, and thus achieve the goal we seek the government to achieve, which is to provide better services to citizens. It’s over
alliraqnews.com
