Economists call to develop a "realistic budget" to activate revenue-generating sectors

Economists call to develop a "realistic budget" to activate revenue-generating sectors

08/27/2016

Baghdad / Ibrahim Ibrahim

Announced financial advisor to the Prime Minister, on Friday, the date of the arrival of the year's budget in 2017 to the parliament will be the middle of next September, and had been expecting to pass the budget end of the year to "all pleased", the Committee of the Parliamentary Energy warned of the consequences of rising deficit budget next year 2017 to more than 24 trillion dinars if the government reiterated its "grave mistake" by relying on oil are "almost entirely" to cover state expenses.

Financial advisor to the Prime Minister, said the appearance of Mohammed Saleh in an interview for the "long" that the "15 of next September is the date for the arrival of the budget to parliament," expected "passed before the end of this year very easily because they are not complicated and does not involve a thumbs which is similar to the budget year almost the past with the exception of some of the things that are related to the price of a barrel of oil and the quantities exported. "

Saleh added that "the 2017 budget represents peace and the construction budget where that Iraq will move from a war economy to a peace economy. Many of the military expenditures will be transferred to the reconstruction and construction," stressing that "the foreign loans obtained by Iraq are taken into account in bridging the budget deficit."

The Information Office of the Prime Minister Haider al-Abadi, said on Tuesday (23 August 2016), the allocation of the Cabinet meeting yesterday to discuss the general budget for 2017, with the arrival of the budget to the final stages confirmed for submission to Parliament.

For his part, member of the Commission on oil and energy parliamentary Ali Faisal al-Fayad, in a statement, it received the "long" version of it, that "the government should expand non-oil revenue department and reduce the expenditure sections in the coming 2017 budget year," calling on the concerned authorities to "activate the role of income-generating sectors such as industry, agriculture and tourism while reducing expenditures on unnecessary projects and reducing government expenditures and to take serious and determined in the fight against corruption and thieves of public money who plundered the country's resources over the years that have passed measures. "

He warned al-Fayad, from "high deficit in the next 2017 to more than 24 trillion dinars if the government did not take those steps," returned to "Iraq's dependence on oil revenue by up to about 95 percent to cover the expenses of the State with the neglect of other sectors, is a mistake a serious impact on the budgets of Iraq. "

In turn, an economist Maitham defect, said in an interview for the "long" that "estimating the price of a barrel of oil in the budget of 2017 by $ 35 for the budget, a real expectation and commensurate with the volatility in global oil markets while the price per barrel to $ 45 in the budget of 2016 is the latest deficit Ascending ".

He added that "increasing the amount of product oil from 3,600 b / d in 2016 to 3,880 b / d in 2017 will help to stabilize the amount of next year's budget in a manner consistent with the requirements of the distribution of funds for each of the sectors of the state without extravagance."

He explained defect that "there is a two-way can the two payment to develop the budget law, the first representing a reduction estimated price for a barrel of oil in the budget to $ 35, and the second is the decline in oil revenues, which are pushing for the rationalization of government expenditures are larger and work to increase and develop other revenue."

He continued: "The government should leave the emergency decisions improvised caused by the drop in oil prices in nearly two years, and work to develop long-term strategies thought to be the basis for the process of bringing imports and distribution."

The prime minister, Haider Abadi, called Monday (August 22 current 2016) during a meeting cell crisis, the need to raise the efficiency of the use of the estimated revenue for the year coming in 2017, to secure the wages and salaries and the amounts of Social Protection and the ration card network, as well as the perpetuation of the war requirements against (Daesh) .

The head of the Council of Ministers, has revealed Tuesday (23 August 2016) at a press conference at the Government Palace and attended by (long-Presse) for making adjustments on the grades and transfers in the Ministry of Health and popular crowd, while among the budget suffers from "significant deficit", confirmed that the salaries of employees and retirees distribution requirements amounting to 51 trillion dinars.