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Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh during a symposium (the role of fiscal and monetary policies in the current economic crisis) (January 3, 2015)
Advisor to the Prime Minister confirm that the tax will not be big on the citizen and claims the collection is protected from corruption systemPrime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh during a symposium (the role of fiscal and monetary policies in the current economic crisis) (January 3, 2015)
3.1.2015 6:24 p.m.
Long-Presse / Baghdad
The head of the minister for economic affairs adviser, said on Saturday that the tax imposed on the citizens would not be great but it will cover part of the budget deficit, noting that placed the government's plans to raise taxes and external and internal loans will cover the deficit, and called upon the economic expert to develop a collection system. " protected from corruption "to obtain the tax, a representative of the private banks confirmed that private banks will take a role in the next phase.
He said the prime minister for economic affairs adviser appearance of Mohammed Saleh to talk symposium held by the Iraqi Institute for Economic Reform and the Association for Iraq banks margin entitled (the role of fiscal and monetary policies in the current economic crisis), and attended by the (long-Presse), that "taxes on the citizens would not be significant However, it will cover part of the budget deficit, "adding that" the government set plans to raise taxes and external and internal loans will cover the deficit. "
Saleh added, "There are a lot of doors deficit financing, including internal and external loans and remittances from international Islamic bank and payment on credit," noting that "the Central Bank will play a big role in the next phase to support the private sector will be religious tourism activation."
For its part, indicated an economic expert Thuraya Khazraji, to the need that "there will be a new collection in obtaining the tax system," calling for "activating religious tourism law and legislation to increase taxes on visiting the holy shrines from outside Iraq."
Khazraji said, "The tax increase will not work because the problem in tax collection, which has been marred by corruption", stressing the need to "be there measures to improve tax collection system."
She drew Khazraji, to "the need to estimate a lower oil price per barrel in order that there will be a surplus of the budget is placed in a special fund to prevent crises," indicating that "many countries are following this matter."
For his part, the Executive Director of the Association of private banks in Iraq, Tariq Ali vacationer, that "private banks will take a role in the next phase," adding, "there are a number of proposals submitted to the government, including the establishment of the Deposit Insurance Corporation to increase citizens' deposits in banks."
He vacationer, that "banks must take their role in the next phase, especially in light of lower oil prices, in order to have a role in the development and support of the private sector wheel."
He vacationer, to be "among the proposals submitted to the government is that there is a contribution in support of infrastructure projects through a partnership in a number of banks to grant loans to finance these projects."
The Finance Minister Hoshyar Zebari said last week at a news conference that the ministry directed ministries to impose taxes on services such as electricity, water and hygiene.
She was a member of the Finance Committee in the House of Representatives Magda Tamimi announced, in (December 25, 2014), that "the new increase in the scale of the employees' salaries will not acted within the budget of 2015, as shown that the grades will be limited to some of the ministries, confirmed that cover the budget deficit will be of through taxes on the mobile phone and new cars online.
The Iraqi Council of Representatives held on (December 25, 2014) , a special session to discuss the financial budget of the special law for the next year in 2015, led by its President, Salim al.
The Iraqi Council of Representatives, announced in (December 25, 2014) , that the Prime Minister Haider al-Abadi signed a draft financial budget bill for the next 2015, and sent it to the House of Representatives, as he emphasized that al-Abadi told to vote on it.
He called on Iraqi Parliament Speaker Salim al-Jubouri, in (23 December 2014), to hold a special session to discuss the financial budget bill for the next year in 2015, after approval by the Cabinet.
The Iraqi cabinet has approved, on Tuesday, (December 23, 2014), a project of public finance budget bill for next year 2015, while decided to allocate it to the House of Representatives for a vote.
He announced the Information Office of the Prime Minister Haider al-Abadi, in (23 December 2014), the Council of Ministers approved the federal budget for 2015 B123 trillion dinars, and as pointed out that the price speculative oil was about $ 60 a barrel, most likely the House of Representatives held its about budget after eight days.
The Parliamentary Finance Committee has revealed, in (14 December 2014), about the government's efforts to address the budget deficit because of falling global oil prices through a series of austerity measures that would provide at least $ 13 billion, the Commission predicted that the government resorted to dispose of 50 percent of the Rafidain and Rasheed reserves, as well as borrowing from the balance of the commercial bank and fund minors, as the Commission suggested that includes austerity "luxury expenses sovereign" which said it accounts for 10 percent of the country's budget.
It is noteworthy that the Prime Minister, Haider al-Abadi, revealed in (the twentieth of October 2014), during a press conference following a meeting with religious Shiite, Ali al-Sistani, in Najaf, and attended, (long-Presse), to discuss the Council of Ministers on the balance three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the budget in 2015, will be based on the 2014 current budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, that's the Cabinet decided austerity.
The experts and officials confirmed, that Iraq is losing annually an amount up to $ 20 billion in tax revenues, due to corruption fulfillment of customs duties in the border ports and tax evasion.
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