After the nuclear deal .. forecast a financial crisis and a severe delay staff salaries
After the nuclear deal .. forecast a financial crisis and a severe delay staff salaries
07/21/2015
BAGHDAD / JD / .. after Iran reached a nuclear deal with the six countries the UN Security Council, has decided to lift the sanctions imposed on Tehran, particularly economic sanctions, prompting Tehran to increase its oil production, which form a major figure in the oil supply in the world markets, which led to the drop in oil prices after the rose gradually during the last period.
The record of Brent crude to $ 55 a barrel during the past few days, which means that Iraq’s oil is currently sold below $ 50 a barrel fact that the Iraqi oil sold for less than US oil, increased by $ 8 as a result of the quality of the oil.
Under This sharp decline of global oil prices, the federal budget for Iraq will suffer from large fiscal deficit leads to a severe financial crisis in the country in the coming months, making the federal government the cash-strapped difficult through which employees pay the salaries on time, according to experts and specialists in the financial and economic affairs .
, says economist just peace, that the market share of Iraqi oil will drop after the lifting of economic sanctions on Iran, especially that the two countries depend on the Asian market in the export of oil, adding that Iraqi oil would drop the price about $ ten or more in order to sell the Asian market easily.
said just told / JD /: that the big interests between Iran and China will reduce demand for Iraqi oil, and therefore will be forced Iraq to ease the selling price, pointing out that Iraq now suffers from a lack of his arrival to the desired production as identified in the budget to 3.3 million barrels exported daily during the current year , while not up to export to three million.
He stressed that Iraq is currently suffering from a major economic crisis, expected to escalate in the event of lifting sanctions on Iran, adding that the most affected by the lifting of sanctions on Iran is the banking sector in Iraq, which has become in the recent period is a to sell only currency shop, and convert them to Tehran to ease the economic burden them, so the fiscal policy will witness an unprecedented collapse in the coming period.
For its part, he suggested the Finance Committee member Magda Tamimi, get a severe financial crisis is difficult from which to salary payments during the next two months, because of decline in imports in light of the growing expenses of the state.
She said al-Tamimi told / JD /: “Despite the announcement of austerity in the country, but he has not seen the light so far, with still Alaivadat high expenses and there is a big difference from the previous, and there were no actual application of this policy . ”
She added that “there is a decrease revenues to lower oil prices than it was in earlier and Erdat Other oil are almost non-existent in addition to the large military expenditures in the war on terrorism, in addition to the Kurdistan region did not deliver this month, the federal government is the decision of its oil quantities to the Sumo, as well as reach Iran to the nuclear deal, which in turn would reduce world oil prices. ”
She stressed that “there is a real problem lie ahead in the next few months and we are talking here about August and September Fsnaah two tough days and perhaps may not have received fulfill the distribution of salaries of employees in timing and we hope that Do not get into this thing but that’s expected in light of the increasing expenses in front of low revenues. ”
relies Iraqi state in the construction of the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq’s resources reaching its budget 2015, about $ 100 billion with a deficit expected up to 25%.
While ruled out the appearance of Mohammed Saleh Economic Adviser to the Prime Minister, has been affected by the nuclear deal Iran on Iraq negatively and get a financial crisis in the near term, stressing that it will reflect positively on the Iraqi economy.
said Mohammed Saleh told / JD /: “There is nothing better than peace economies, the region was full of the economies of the war, and if you reach the West to deal with Iran is expected reflected positively on Iraq and the region,” adding that “trade and commodity prices will stabilize in the long term,” ./ ended / 8 /
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