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[rtl]Editorial date: 2018/7/22 9:20 • 417 times read[/rtl]
(Baghdad: Al-Furat News) said economist Safwan Qusay, "Iraq is close to a surplus of more than 13 billion dollars as a result of high oil prices in recent times and exceeded the amount specified in the budget.
"The World Bank seeks to squeeze spending in the local environment by rationalizing it, but the government's policy in the current period is to absorb the workers looking for a job," Qusay told the Euphrates News.
On the validity of the government's decision to launch appointments, he explained that "there is an item in the budget approved by the previous parliament refers to the possibility of increasing allocations of expenditure on the item of compensation of employees and social welfare and investment projects, within the emergency reserve that is that the current government and empowered the Council of Ministers to increase allocations through A supplementary budget for the absorption of labor, "noting that the amount available is two trillion dinars, which is not a small amount.
Qusai pointed to the high oil prices and surpluses, saying: "The same item, which clearly indicates that the process of increasing allocations require the increase in oil prices, which is now close to $ 73 a barrel and Iraq was able to cover the deficit, there is a possibility of the level of investment spending and pumping surplus value On the investment environment to absorb labor. "
He explained that "the surplus gets as a result of the approval of the price of a barrel of oil in the budget of $ 46, which is now sold more than $ 66 dollars, the amount of surplus is $ 20," noting that "Iraq is close to a surplus of more than 13 billion dollars and the amount of budget deficit is 12 Billion dollars, in the sense that we can act as the emergency reserve is supposed to be an extraordinary budget to absorb the labor that is looking for jobs and revitalize the productive sectors in the provinces.
"There are clear conditions from the International Monetary Fund that the process of removing 6 employees in terms of retirement, death and resignation, in exchange for the appointment of one employee and this through the deletion and development," said Qusay, "But the increase in oil prices and there is a clear signal in the budget allows the Council of Ministers to review the allocations and there is a legal cover for it."
The provinces of the center and the south are witnessing continuous demonstrations since 8 July to demand the provision of electricity and water services, as well as employment opportunities, which prompted the government to issue several decisions and directives for the issuance of grades on the movement of owners in the provinces of (Basra, Dhi Qar and Muthanna) As well as guidance to take a number of economic measures on the implementation of investment projects and services
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Economist reveals Iraq's surplus after rising oil and the position of international criticism of appointments
[/rtl][rtl]Editorial date: 2018/7/22 9:20 • 417 times read[/rtl]
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[rtl](Baghdad: Al-Furat News) said economist Safwan Qusay, "Iraq is close to a surplus of more than 13 billion dollars as a result of high oil prices in recent times and exceeded the amount specified in the budget.
"The World Bank seeks to squeeze spending in the local environment by rationalizing it, but the government's policy in the current period is to absorb the workers looking for a job," Qusay told the Euphrates News.
On the validity of the government's decision to launch appointments, he explained that "there is an item in the budget approved by the previous parliament refers to the possibility of increasing allocations of expenditure on the item of compensation of employees and social welfare and investment projects, within the emergency reserve that is that the current government and empowered the Council of Ministers to increase allocations through A supplementary budget for the absorption of labor, "noting that the amount available is two trillion dinars, which is not a small amount.
Qusai pointed to the high oil prices and surpluses, saying: "The same item, which clearly indicates that the process of increasing allocations require the increase in oil prices, which is now close to $ 73 a barrel and Iraq was able to cover the deficit, there is a possibility of the level of investment spending and pumping surplus value On the investment environment to absorb labor. "
He explained that "the surplus gets as a result of the approval of the price of a barrel of oil in the budget of $ 46, which is now sold more than $ 66 dollars, the amount of surplus is $ 20," noting that "Iraq is close to a surplus of more than 13 billion dollars and the amount of budget deficit is 12 Billion dollars, in the sense that we can act as the emergency reserve is supposed to be an extraordinary budget to absorb the labor that is looking for jobs and revitalize the productive sectors in the provinces.
"There are clear conditions from the International Monetary Fund that the process of removing 6 employees in terms of retirement, death and resignation, in exchange for the appointment of one employee and this through the deletion and development," said Qusay, "But the increase in oil prices and there is a clear signal in the budget allows the Council of Ministers to review the allocations and there is a legal cover for it."
The provinces of the center and the south are witnessing continuous demonstrations since 8 July to demand the provision of electricity and water services, as well as employment opportunities, which prompted the government to issue several decisions and directives for the issuance of grades on the movement of owners in the provinces of (Basra, Dhi Qar and Muthanna) As well as guidance to take a number of economic measures on the implementation of investment projects and services
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