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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Washington Post: Iraq's reserves could fall to $ 43 billion .. fiscal deficits on the rise

    Rocky
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    The Washington Post: Iraq's reserves could fall to $ 43 billion .. fiscal deficits on the rise Empty The Washington Post: Iraq's reserves could fall to $ 43 billion .. fiscal deficits on the rise

    Post by Rocky Mon 07 Mar 2016, 3:39 am

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    The Washington Post: Iraq's reserves could fall to $ 43 billion .. fiscal deficits on the rise


     translation: Range 

    Each month the Iraqi government paid nearly $ 4 billion for the salaries and retirement ofthe military and to the large numbers of public sector employees. But with the adoption of the government in more than 90% of itsrevenue on oil, and with the collapse of oil prices, this revenue Atsd more than half ofthose salaries. 
    The United States is trying to make sure Iraq 's ability to continue in military spending at a time trying to international loans and is prescribed in the plan austerity. However , some officials and analysts say that theIraqi government may suffer the end of this year to pay 7 million employee salaries public, which could fuel a wide unrest. 
    With oil prices hovered around $ 30 a barrel, the whole region is forced to cut budgets and reduce the aid granted by the painful adjustments other. But for Iraq, the collapse came amid a war undermine its stability, there are lists for the reconstruction of the cities that were destroyed, and help the 3.3 million displaced people inside. 
    At a time when the state is facing the specter of bankruptcy, Prime Minister Haider al - Abadi is trying totackle corruption and increase government revenue in ways that sometimes seem not familiar. He says theappearance of the benefit of the economic adviser to the prime minister , "we have to fill the gap but it ismeasured now and cash flow is very slow. Cow cash - old carried them milk." 
    In recent weeks , Muqtada al - Sadr to mobilize tens of thousands of demonstrators in central Baghdad to demand reform is increasing the pressure on al - Abadi. These demonstrations echo the summer protests that came out to the streets to protest against government corruption and lack of services. 
    And today asked the public to pay more for these services has been reduced, while 3% of the salaries ofstate employees. Sadr said in his speech to the crowds last Friday , " the day the corrupt government asks the people of austerity, and because of the unknown fate trillions," adding that the demonstrations seeking to"save Iraq from looters." 
    Every day , Iraqis face new wages; Hospitals - which was free a long time ago - calling for symbolic wages even visitors of the sick, and there are plans to increase electricity fees, and in the southern city of Basra traders protest against the setting Kmarkip new fees. 
    he says horses carpets, a researcher at the Iraq Institute for economic reform for the wage increase, "this does not fit in wartime because it affects the morale. " 
    in the month of December the World Bank signed an agreement with Iraq to lend $ 1.2 billion to help it offset the decline in oil prices and security costs associated with fighting Daash. But Abadi says that the government collect money from any possible source. 
    He expected Iraq to be this year 's budget deficit of $ 25 billion based on the price of a barrel of oil to $ 45, but the benefit of appearance say that the deficit may be twice that number. 
    To deal with this situation on the near term, Iraq indulge in foreign reserves expected to fall to $ 43 billion this year after it was $ 59 billion last October. While cross - Abadi was confident the government 's ability to overcome the crisis, some seem more pessimistic in. 
    He says one of the officials in the West declined to be named . "They Istnvdon precautions faster than expected, which can lead to a point where it is difficult to continue to import and manage the country 'seconomy." 
    Iraq seeks more funding for the international Monetary Fund after receiving an emergency loan of $ 1.24 billion last year. 
    for its part offers the United States a loan of $ 2.7 billion for military spending, also it lent money to Germany , Iraq , more than 500 million euros (559 million dollars) for reconstruction. the 
    Iraqi government is trying to issue bonds and treasury bonds, but the bonds issued last year stopped because of the high yields demanded by investors. 
    at the same time the Iraqis that their leaders are stealing the country with impunity complain. Over the past month caused MP Mishan al - Jubouri, a member of the Parliamentary Integrity Committee charged withmonitoring corruption, with much fanfare when he admitted taking bribes in millions of dollars , saying of the Iraqi channel , "Every one of us has a role in corruption", and when asked by axes "you taken a bribe?"Replied , "I swear by my honor that I took a bribe , " he said , adding that at least he continued his work inquisitorial. 
    Trying Abadi move against graft, where the four officials referred to the court last month on charges ofcorruption, but with the prospect of losing a strong personalities and rampant graft at all levels of government , the challenge may be great. 
    he says in favor of the prime minister " is not easy to change 12 years of waste and corruption between day and night, but he is trying (Abadi)." 
    horses and believed that the government may be involved with some scratches in the current year but will face great difficulties if continued falling oil prices up to 2017, says : "if the government can not pay salaries ,there will be strikes and breach of the law and order." 
    says Abadi that there are some positive changes will come with the crisis - an opportunity for economic reforms and economic diversity as long as the country needs it. The industry has been hobbled by years ofinternational sanctions against Saddam Hussein, while the looting of more country factories in the looting that took place during the US invasion in 2003. 
    With a few jobs in the private sector, the Iraqis are accustomed to government jobs where workers do not produce more than 15 minutes a day on average, according to Saleh , "everyone in Iraq is seeking to lunch and bed and free breakfast." 
    in an effort to diversify in recent months , some of the old Iraqi factories began to work again for themanufacture of cigarettes, soft drinks and leather products. But even these new efforts are under because of the complexity of the political bickering and accusations of corruption and the quality of products. He said one of the demonstrators last week , "This country is rich, but they are asking the poor to bear the burden ofcorrupt government 's mistakes."
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