Finance ministers and oil and planning: the difficulty of presenting the budget in 2014 because it spent

Finance ministers and oil and planning of the Parliament: the difficulty of presenting the budget in 2014 because it spent

Thursday, October 30 / Okrudolf 30, 2014 18:42

Finance ministers and oil and planning: the difficulty of presenting the budget in 2014 because it spent[Baghdad-where]

Finance Minister Hoshyar Zebari revealed near the launch urgent financial boost to the Kurdistan region as oil minister, Adel Abdul-Mahdi warned of the bankruptcy case in the state treasury to continue to rely on crude oil imports.

For his part, Minister of Planning and Salman Jumaili that “the financial budget and spent it became a reality anyhow.”

The words Zebari and Abdul-Mahdi al-Jumaili and through hosting a session in the House today to talk about the federal budget for 2014 before they are submitted to the next Saturday.

According to a statement of the Council received by all of Iraq [where] a copy of the “House of Representatives hosted its session held on Thursday, led by Salim al-President of the Council and in the presence of 221 deputies and ministers of finance, oil and planning to discuss the budget for fiscal 2014.”

At the outset of the meeting was sworn Misra Hammadi substitute for Khalid tired, Minister of Defense and Khadija Jabir al-Moussawi, instead of just Alhurcab Fahad, Minister of Tourism two deputies in the House of Representatives.

He welcomed the President of the House of Representatives the results achieved by the Iraqi delegation Paralympics Paralympic Poster session which was held in South Korea after recently achieved advanced centers and receiving boil a large number of medals.

He congratulated the MP Amer winner Prime age for Youth and Sports Committee middle Sports Iraqi and members of the delegation Paralympic participant in the Asian Games for the Disabled Sports and achieved important results harvested 31 Medalia variety, praising the Iraqi mission sports to reach the sport of progress and prosperity of calling on the government and the Paralympics and the House of Representatives to honor the athletes and provide all of their technical and moral requirements to prove that the disability of a barrier in front of Aigv success and won championships and titles.

House of Representatives also voted the invitation of the Committee of Youth and Sports to honor the winners of the tournament Paralympic athletes.

On the other hand the Council voted on the conversion of 225 million dinars exchange of origin billion dinars have already been allocated in the last parliamentary session for the displaced Syrians to displaced Iraqis.

The Council voted to extend the first chapter of the legislative period of one month from 1-11 until 1-12 within the powers granted to the presidency of the parliament.

The Council then voted to approve the membership of each of the guarantor Rakkad Mishan al-Jubouri, Adnan and Zaid Abdullah Muhsin and Imad Abdul Khudair and Xuan Houeiss and Ali Alsjeri Representatives health, while al-Jubouri called conscientious objectors to membership of a number of deputies to the health resort of the Federal Court.

On the other hand drew the head of the House of Representatives to the Presidency and with the agreement of the parliamentary blocs and directed to reduce the special invitations to the MPs expenses in addition to sitting MPs according to the alphabet adoption and will be adopted during the next meeting, pointing to the existence of the requests have been converted to the security and defense committee includes hosting the commanding general of the forces Armed and investigate the cause of Spyker and Saqlawiyah addition to conversion requests from the House of Representatives on the investigation into the events of Badush prison for the Commission on Human Rights.

This was followed by the second vice president of the Council of Representatives of Syria, Sheikh Mohammed report of the Commission on the formation of the standing committees regarding the resolution of the heads and deputies and rapporteurs have included an explanation of the meetings held in order to settle the matter.

For his part, al-Jubouri called for parliamentary committees to speed up the resolution of the presidencies of deputies and parliamentary committees and rapporteurs as soon as possible.

The Speaker of the Parliament expressed support for all democratic practices to enhance the oversight role of the House of Representatives, adding that the Presidency will announce all the procedures related questions and questions submitted by the House of Representatives.

Saleem al-Jubouri welcomed House Speaker and ministers of finance, planning and oil to talk about the federal budget for 2014.

At the outset of hosting Finance Minister Hoshyar Zebari stressed that the ministry revised budget estimates by including all government decisions on the release of funds by 1 to 12, in addition to included the powers to launch exchange advances to face terrorism and all associated with this subject needs, explaining that the expenditure amounted to 185 trillion dinars and ongoing expenses 103 trillion dinars and investment expenditure 82 trillion dinars either revenue amounted to 105 trillion dinars and oil revenues of 96 trillion dinars and non-oil and 9 trillion dinars planned deficit amounted to 79 trillion dinars and after reduction amounted to 77 trillion and after discount ranging between 39-36 trillion dinars.

Zebari said that the Council of Ministers formed a new committee this month to re-define the priorities required, leading to deficit reduction and rationalization of expenditure to less than what can be planned in order to finance the deficit, where we were able to be reduced to about 27 trillion ”

He noted the Minister of Finance to the existence of a lack of crude oil source revenues due to lower prices and difficulties in production of security conditions, stressing that the withdrawal of the observed reserve of Development Fund for Iraq during the 2012 and 2013 affected economically and consequent financial commitments to a number of decisions and laws on compensation and the ration card and electrical projects. ”

Zebari pointed out that the committee recommended funding deficit through the Special Drawing from the International Monetary Fund as well as the issuance of treasury transfers to the pension fund and the bank Rafidain and Rasheed, indicating that the amount of required deficit financing 21 trillion dinars, which Maittalb adoption of new styles, including the imposition of taxes on some luxury goods or communications .

And the Minister of Finance and the presence of several proposals, including the agreement with the central bank to reduce the reserve law to 7 instead of 15% and a Trade Bank of Iraq to grant the Ministry of Finance loan of $ 3 billion and the issuance of securities, which means the survival of a financial deficit of about 5 trillion dinars, indicating near the launch batch Urgent money available to the Kurdistan region and is currently working to prepare the budget for fiscal year 2015.

For his part, Minister of Planning and Salman al-Jumaili said the investment budget was in line with the security and development plan and has seen many changes to the budget, noting that his ministry is working on reducing the deficit alluding to the existence of the follow-up to the level of achievement on the projects.

He Jumaili that the Ministries of Defense and Interior are the largest proportion of the investment budget, noting that the ministry measures to re-prioritize the budget was adopted, calling for a re much consideration of policies over the past years is probable non-arrival of the situation to the case of austerity, but rather to rationalize the exchange.

For his part, said the oil minister, Adel Abdul-Mahdi said his ministry is not a financial budget but concerned by the Iraqi economy’s dependence on oil exports, noting that it is not possible to provide the 2014 budget due to changes in oil prices and being useless with the end of the current year.

Abdul-Mahdi, and pointed to the presence of a large hyperbole in spending requires treatment, he did not need Iraq to foreign debt because Maldih of resources equivalent to the budgets of four neighboring Arab countries, but the problem is the fact that the unilateral Iraqi economy depends on oil, which imposes on everyone to understand that the issue continue this way will lead to bankruptcy.

In the interventions of Representatives MP Magda al-Tamimi, head of the Finance Committee confirmed its support for the government and any action by the pressure of expenses with the need to know the costs of the war against terrorism, calling for the development of a vision different from the previous phase strategy, and claim to reconsider prices of real estate, which was sold by the state and the failure to meet the House of Representatives calls unnecessary given to the House of Representatives in order to reduce financial expenditures, pointing to the importance of installing contract employees in the ministries, including the Ministry of Electricity.

The MP called on Najib Najib to send financial share of the Kurdistan region and the need to take measures to pay the salaries of the Peshmerga, similar to the popular crowd wondering about the possibility of recycling the money.

He MP Adnan al-Janabi said national unity could potentially contribute to change the rentier economy and support agriculture, pointing to the existence of illegal decisions taken by the government to divert money from within the budget, urging the Oil Ministry to facilitate the work of the oil companies.

Inquired MP Haim Jubouri commitment on the issue of a number of ministries over the signing of contracts for projects without the approval of the Ministry of Planning or approving the budget, calling for the export of oil through the province of Kurdistan and to reconsider the price of a barrel of oil within the next budget.

For his part, MP Fares Albraivkane called on the government to take immediate action to divert the salaries of the Kurdistan region.

And demanded the return of Rep Ola addressing the phenomenon of tax evasion and to benefit from the financial liquidity in the Iraqi market.

He said MP Mohammed Naji that 95% of the financial budget dependent on oil which is not accepted to continue, wondering about the nature of the actions taken by the government to cope with the deterioration of global oil prices.

MP Kanna need to vote on the budget for the current financial year, pointing to the importance of not stopping the pay of some of the slides.

The MP Abbas al-Bayati, the importance of the work in earnest to prevent money laundering and the need to reduce the allocated consumer aspects of the money in the state departments.

MP Ahmed electrodes have inquired about the existence of attempts to dispose of the Iraqi Central Bank reserves.

For its part, demanded to know Rep Vian Dakhil mechanism and method allocated for salaries and money distribution projects in the province of Nineveh.

MP Aziz and inquired about the timing of the exchange Ugaili provincial share of the petro-dollar and a way to extinguish the advances from 2008 until 2013.

And MP Ali al-Badri, the need for the government to develop a clear strategy for the agricultural sector and support the agricultural provinces.

Rep dreams Husseini also questioned the legality of the non-voting so far on the financial budget for the current year.

And Rep. Nora Albjara indicated the presence of 6000, which requires a large project to have a role in the Ministry of Planning completed.

For its part, the high MP Nassif warned the Ministry of Finance to borrow from the Fund care of minors.

MP Ibrahim Bahr al-Ulum government and politicians to look for real solutions to the problem of the fiscal deficit in the budget.

In response to interventions and inquiries Finance Minister Hoshyar Zebari, the difficulty of presenting the 2014 budget, but the ministry will provide financial data on disbursements, indicating the importance of a political processors for some aspects related to the budget and the lack of any intention by the government or the Ministry of Finance PMS employees’ salaries, pointing to the existence of a real crisis in financial liquidity but to call an end to bankruptcy in the presence of about 77 billion dollars in the fiscal reserve of the Central Bank has not been touched.

Zebari said the intention of the Ministry of Finance to launch allocated to the provinces of Nineveh, Kirkuk, Diyala and Anbar money during the next phase, indicating the absence of any costs or financial burdens for the establishment of the coalition forces raids to combat terrorism, stressing the keenness of everyone to grant the Kurdistan region of all rights and working to launch a financial boost to the region soon , revealing that the amount of emergency has been cashed in different areas.

For his part, Adel Abdul-Mahdi, Oil Minister pointed out in his response to the possibility of the ministry to increase oil production effort of the government and the House of Representatives, especially as there are clear problems with the number of licensing rounds, stressing the need for effort with OPEC to face the global oil market situation and lower global growth of some oil-importing countries rates Iraqi.

As Salman Jumaili Planning Minister has said the ministry focused during the current phase of the adoption of policies and ideas, legislation and re-prioritization said, adding that recycling amounts linked to the presence of a substance in the budget bill in this regard noting that tackling corruption is a top priority, stressing that the financial budget spent and became So the reality of the case and a report will be sent to the House of Representatives in this regard.

And provide the name of al-Jubouri, the House of Representatives thanks to the presence of ministers, stressing the Council’s determination to help solving financial problems.

This was followed by MP Ghazi Gaood a statement condemning the operation of terrorist cowardly carried out by Daash gangs against the people of Anbar in general and especially the sons of clan Albu Nimr, noting that this gang is the same as that carried out the crime Spyker, stressing that the people of Anbar will continue to address and combat all kinds of terrorism and its forms, calling for protection of Iraq and the Iraqis and the expulsion of terrorism.

And then read Al-Fatihah in honor of Representatives for the souls of the martyrs of Iraq before the lifting of the parliamentary session on Saturday to Almqubl.anthy