Proposal for investment projects in the budget of 2015 and Order forward
12/21/2014 0:00
Insert a provision preventing the sale of the public sector without competition from the private sector
BAGHDAD - Hussein al-Tamimi Tgb
Suggested by the Iraqi National Business Council included the introduction of the budget year 2015 all projects proposed by the ministries provided to include the clause regulates under a protocol with the states and the Order-term repayment through oil shipments a year after the Protocol.
And David said Abdul Zayer that this measure can compensate the absence of the budget investment allocations after they stopped all projects for 2014 for failure to approve the federal budget.
Zayer said in an exclusive interview with "morning" that this mechanism will help in reducing the general budget and operating expenses by up to 20 percent to the fullest extent.
He suggested Zayer add the item into the general budget provides for the implementation of the proposed new investment projects by the ministries and stakeholders that did not have a financial allocation in the 2015 budget that stipulates that "these projects are implemented Order term under the Protocol government will be responsible Bibramh with countries that have potential implementation of these projects and processing of commodity under the international standards. "
He explained that this protocol provides for payment on credit for time to be agreed upon within the Protocol and the payment through the export of oil after the passage of at least a year to finish the implementation of projects and the interest of not more than 3 percent per year of the amounts paid only from that State, which concluded with the Protocol on the basis of ensuring the export of crude oil to those countries concerned. Zayer was based on this vision to the promises made by the Oil Ministry itself to raise the volume of production to 5 million barrels per day, and the repayment of Akiem export surplus after covering the federal budget allocations.
He pointed out that this mechanism will ensure oil market to a buyer ready, as well as ensure the implementation of investment projects that were not included in the next budget allocations.
He said the experience had been in place previously in some other states that have passed the same conditions and proved successful, pointing to the Amaknyh employed for the treatment of stage and force of the crisis, fiscal revenue decline because of low crude oil prices in world markets. The Zayer had warned in his introduction of the repercussions of not include the 2015 budget for investment projects, because it is one of the goals of aggression Daash to weaken the Iraqi economy and ways to grow.
Zayer between that do not include the next year's budget for investment projects again is a matter of concern, especially that a large segment of young and skilled workers working in these projects and different terms of reference, indicating the importance of preserving jobs for them, and stay away from the consequences of disabling this segment of business.
He continued by saying that these protocols lead to build bridges of cooperation with neighboring countries and that will be a positive impact on the country from all economic, security and social aspects, especially after those countries associated with the domestic market, and will work towards maintaining its interests in Iraq.
Zayer concluded his speech by referring to the importance of the inclusion of an item in the budget to prevent the sale of the public sector to the public sector without competitive private sector, pointing out that this supports the activation of the private sector, especially as the government program emphasized the activation of the role of this sector in economic life.
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12/21/2014 0:00
Insert a provision preventing the sale of the public sector without competition from the private sector
BAGHDAD - Hussein al-Tamimi Tgb
Suggested by the Iraqi National Business Council included the introduction of the budget year 2015 all projects proposed by the ministries provided to include the clause regulates under a protocol with the states and the Order-term repayment through oil shipments a year after the Protocol.
And David said Abdul Zayer that this measure can compensate the absence of the budget investment allocations after they stopped all projects for 2014 for failure to approve the federal budget.
Zayer said in an exclusive interview with "morning" that this mechanism will help in reducing the general budget and operating expenses by up to 20 percent to the fullest extent.
He suggested Zayer add the item into the general budget provides for the implementation of the proposed new investment projects by the ministries and stakeholders that did not have a financial allocation in the 2015 budget that stipulates that "these projects are implemented Order term under the Protocol government will be responsible Bibramh with countries that have potential implementation of these projects and processing of commodity under the international standards. "
He explained that this protocol provides for payment on credit for time to be agreed upon within the Protocol and the payment through the export of oil after the passage of at least a year to finish the implementation of projects and the interest of not more than 3 percent per year of the amounts paid only from that State, which concluded with the Protocol on the basis of ensuring the export of crude oil to those countries concerned. Zayer was based on this vision to the promises made by the Oil Ministry itself to raise the volume of production to 5 million barrels per day, and the repayment of Akiem export surplus after covering the federal budget allocations.
He pointed out that this mechanism will ensure oil market to a buyer ready, as well as ensure the implementation of investment projects that were not included in the next budget allocations.
He said the experience had been in place previously in some other states that have passed the same conditions and proved successful, pointing to the Amaknyh employed for the treatment of stage and force of the crisis, fiscal revenue decline because of low crude oil prices in world markets. The Zayer had warned in his introduction of the repercussions of not include the 2015 budget for investment projects, because it is one of the goals of aggression Daash to weaken the Iraqi economy and ways to grow.
Zayer between that do not include the next year's budget for investment projects again is a matter of concern, especially that a large segment of young and skilled workers working in these projects and different terms of reference, indicating the importance of preserving jobs for them, and stay away from the consequences of disabling this segment of business.
He continued by saying that these protocols lead to build bridges of cooperation with neighboring countries and that will be a positive impact on the country from all economic, security and social aspects, especially after those countries associated with the domestic market, and will work towards maintaining its interests in Iraq.
Zayer concluded his speech by referring to the importance of the inclusion of an item in the budget to prevent the sale of the public sector to the public sector without competitive private sector, pointing out that this supports the activation of the private sector, especially as the government program emphasized the activation of the role of this sector in economic life.
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