Specialists discuss the financial expenses of the state

Specialists discuss the financial expenses of the state


02/4/2017 12:00 am

Baghdad / Al-Sabah
Discussed a round table, attended by experts and specialists of the financial crisis experienced by the country. The table also stood at a number of problems experienced by the national economy because of the confusion experienced by the financial situation in Iraq and ways to overcome the problems that affected the various aspects of life.


Tab Tracks
A member of the Finance Committee Magda Tamimi said: Iraq does not suffer from a complex financial problem, stressing the need to review the doors included in the budget.
Tamimi pointed out that the expenditures of the Iraqi state from 2004 to the end of 2016 amounted to 1000 trillion dinars and 21 billion dinars, where the expenditure figures varied from year to year, which began spending in 2004 at 33 trillion and reached the highest volume of spending in 2012, which amounted to 119 trillion dinars, The volume of revenues amounted to 952.3 trillion dinars.


Contractors' receivables
She pointed out that the importance of addressing unemployment, which requires the activation of the real sectors of industrial and agricultural, noting that the receivables of contractors must be paid for its role in activating the reality of work, stressing that the dues contractors amounted to 7.6 billion dollars, while the farmers' entitlements to 8,2 billion dollars.


Organizational pause
Tamimi stood at important joints in the national economy, including the budget deficit and mechanisms of coverage, including the increase in the size of retirees with the rise of terrorist operations, in addition to the currency auction in the Central Bank and all things need a real organizational pause contribute to the dispersion of funds without an appropriate destination achieve the goal spent for it .


Files corrupt
And focused on the importance of a speedy resolution of the files of corruption to undermine this phenomenon, which is exhausting the national economy and lead to a decline in performance clearly, which requires the adoption of new mechanisms for this important chapter in economic life.
In turn, the academic d. In the name of Brahimi, the problem we face in the context of fiscal policy is financial mismanagement and the absence of goals for this policy, which makes it difficult to assess their performance and therefore difficult to activate at least in the current contexts of preparation.
"We are interested in the success of Iraq's fiscal policy, but the problems faced by this policy, both in the preparation or implementation need to be reconsidered.


Economic balance
As for the academic d. Mitham al-Obeibi has talked about a very important issue in the economic balance and said: Iraq is able to maintain inflation levels, but economically costly if calculated economically, pointing to the need for coordination between the financial and commercial policies to benefit Iraq, stressing that our priorities in The country is economic and focuses on activating its aspects.

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