Chalabi warns of leak “dollar” to the outside and describes the financial situation as “critical”
Chalabi warns of leak “dollar” to the outside and describes the financial situation as “critical”
01/12/2015 (00:01 pm)
Baghdad / term
Chairman of the parliamentary finance committee, Ahmed Chalabi warned of the phenomenon of foreign currency leakage (dollar) out of the country, and stressed that the 2015 budget is facing many difficulties because of falling global oil prices, describing the financial and security situation in the country as “critical.”
While called specialists in the field of economics to the development of non-oil activities to meet the fiscal deficit in the general budget, demanded that the reduction “of intermediate goods expenses” for employees, which constitute 41% of salaries.
This came during a seminar hosted by a group of specialists in the field of economy and in the presence of Chairman of the Finance Committee in the Iraqi parliament, Ahmed Chalabi, and with the participation of a number of government officials and MPs.
The head of the Parliamentary Finance Committee, Ahmed Chalabi, during the seminar that “the budget in 2015 is facing a lot of difficulties, it has been presented to 155 trillion dinars on the basis of the price of oil was $ 70, and within two days almost dropped 60 lowered to 123 trillion and increased to 125 trillion dinars, “noting that” compulsory savings estimated at 2 trillion and total imports of oil 84 trillion dinars and non-oil 15 trillion a 99 trillion almost deficit 25 trillion and the financing of the deficit depends on two things exported 3 million and 300 000 barrels a day and not the $ 60 adoption now see prices falling apart little by little these prices and not the state can or the government to catch the market Hour. ”
He stressed that “financial security and economic situation in Iraq put a critical and we unite to face these circumstances,”
said Chalabi, saying that “The Iraqi state employees and their allowances salaries amounting to 40 trillion dinars and retired 11 trillion dinars and expenses and defense 31_32 Security trillion dinars and compensation oil companies 14 trillion.”
He pointed out that “the amount of the trillion dinars, which has been allocated for the displaced and displaced people is not enough, with the presence of more than 495 000 displaced families, a ratios variable and every day increases and on this account identifies each family of the trillion dinars. ”
He warned Chalabi “phenomenon dollar leakage to the outside and that up to $ 600 billion,” calling to “address this problem and determine import operations in accordance with the actual need and not on the basis of speculation and operations corruption since it is not reasonable to be imported 50 million dishdasha from China or import electrical billions of dollars as well as the presence of significant inflation in the number of state employees. ”
Former Member of Parliament and Minister of Planning Mahdi Al-Hafiz said during the seminar that “the country is going through a difficult period economically and witnessing the corridors of government and the many discussions and deliberations to get out of this crisis with minimal losses of Representatives and what does not affect the standard of living of poor layer in Iraqi society
and added Hafiz who ran the seminar “difficult to approve the budget in its current form under the continuous decline in oil prices and the Iraqi economy, the adoption by about heavily on oil, “pointing out that” what is experienced by Iraq is the crisis of the rule in addition to being an economic crisis. ”
For his part, saw oil expert Hamza Jeweler that “achieving price of $ 60, which was preparing the budget on the basis of which can not be investigative globally over the past two next two years due to the presence of large amounts of oil stored in giant tankers at sea speculators and owners of large international companies can use to influence the price of oil and thus achieve the goals that fabricated for it this crisis. ”
He predicted expert that “re-oil prices to rise in 2016 to range between 55 -60 dollars a barrel, ”
the economist and former Undersecretary of the Ministry of Planning Behnam Elias Peter that “the level of implementation in the total budget ranged between 72-81% at a rate of 76%, leaving a deficit or surplus is a stable trend over the years (2010-2013)”
, in turn, called economist Majid picture to “must reduce expenses out of the neck of the crisis and many of the expenses lie in the door of intermediate goods to employees, which constitute 41 percent of the salaries and this can be reduced to 10 percent.”
In the same context, the Director of the Office of the Prime Minister Mahdi Keywords that “the Council of Ministers form a ministerial committee to standardize the grades for the defense and interior as well as the activation of the customs tariff law. ”
For his part, economist contrary goldsmith that “there is about $ 4 billion allocated annually for the ration card at a time deterioration and worsening witness where this file in the distribution proposal to be restricted ration card distribution poor families. ”
For his part, called the legal expert, Dr. Ali high to “transfer staff centrally-funded companies, a losing companies to the private sector of the state pledged to pay half the salaries of these employees for two years and this will save the state money and invest these staff.”
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