The budget does not rely on external loan and draw with 9 billion dollars from government banks

The budget does not rely on external loan and draw with 9 billion dollars from government banks

12/25/2014 (00:01 pm)

BAGHDAD / Mohammad Sabah

Committees confirmed the money and the economy both parliamentarians, the continuation of the Council of Ministers to discuss the general budget despite the vote on the approval in Tuesday’s session. He said Congress Committees for the existence of differences centered on details affecting the oil agreement between Erbil and Baghdad, and the reduction of allocations and the Ministry of Health as well as the support of agricultural crops, Marjaheen continuation of amendments, even hours of putting the budget in a hearing Thursday before. Representatives revealed the existence of a government went to meet the budget deficit of 23 trillion dinars, by cutting the cash reserve of the Rafidain and Rasheed and trade to provide $ 9 billion.
As I talked Committees “significant reduction” to the gates of the budget, confirmed the presence of 55 thousand degrees and careers will go to the ministries of defense and interior.
He says Jabbar Abdul Khaliq, a member of the Parliamentary Finance Committee, “long”, that “the draft federal budget law for 2015 is still the government did not up to Parliament until the moment because of some controversial points that have not yet been resolved and is currently being reviewed and modified. ”
Among Khaliq “The Council of Ministers form a small committee consisting of Finance Minister Hoshyar Zebari, Minister of Higher teachings Hussain al-Shahristani and Transport Minister Bayan Jabr and Planning Minister Salman Jumaili to reach agreement on the points of contention in the budget. ”
He continues, a member of the Parliamentary Finance Committee, saying “the State Committee will meet in the next few hours to agree on some of the language that formed on the basis of this committee,” pointing out that “the points of contention revolves around the restructuring of the oil agreement between Kurdistan and Baghdad, and the extent of commitment within as well as objections to the reduction of the Ministry of Health’s budget, as well as agricultural crops support Kalshlb budget. ”
He said a member of the parliamentary call block “the Commission will send the budget and amendments to the Cabinet on Thursday morning in the hope of presenting it to parliament at its extraordinary display for the first reading.” And member of the Finance Committee refers to “the existence of a significant reduction occurred in the assigned grades within the next year’s budget has been deleted some of them due to lower global oil prices,” revealing “the allocation of 50 000 degrees and careers of the Ministries of Defense and Interior.” Abdul Khaliq and asserts that “the government will go to domestic borrowing to meet the projected deficit to 23 trillion dinars by reducing the cash reserve in a bank Rafidain and Rasheed, which will provide $ 6 billion loan and Commercial Bank of up to $ 3 billion as well as the entitlements of Treasury bonds and recycled from last year.” He denies member of the Finance Committee, “and the tendency of foreign borrowing after developing a plan to cover the budget deficit from domestic borrowing.” Parliamentary Finance Committee revealed, last Friday, the existence of disagreement within the Council of Ministers on external borrowing in light of the continuing decline in oil prices.
in turn, says Najiba Najib, a member of the parliamentary Economic Committee, said that “the total budget 123 trillion dinars and operating expenses amounted to 780 trillion dinars, and investment 44 trillion deficit of 22.6 trillion. ”
She adds Najeebeh, in a statement to the “long”, saying, “was awarded the price of oil to $ 60 in the general budget of export and capacity of up to 3.3 million barrels per day,” asserting that “the first reading of the draft budget will be limited to the acceptance of the project or rejection, “pointing out that” the amendments and proposals will be in the second reading. ” Emphasizes member of the Economic Committee that “the 2015 budget has been reviewed thoroughly competent committees,” and talked about “the existence of a political agreement on the passed in the coming sessions.” Draws Kurdish MP that “the rules of procedure of the Parliament provides for a period not less than 48 hours between the first and second readings, and the 4-day deadline to vote on the voting session,” expected that the parliament will vote on the budget next month. For his part, confirms Ahmed Rashid, the decision of the Finance Committee, that “the Council of Ministers voted on the budget bill by majority, which means that there is a political agreement on the approval.”
He predicted Rashid, in an interview for the “long”, said the volume of grades 55 thousand degrees, including allocated the Kurdistan region.
It also is likely Kurdish lawmaker display budget in 2015 for the second reading on Sunday “to the presence draws from all parties of the need to speed up the pass.”

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