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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    dictates conditions and controls the laws .. So the World Bank intervenes to the lives of Iraqis

    Rocky
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    dictates conditions and controls the laws .. So the World Bank intervenes to the lives of Iraqis Empty dictates conditions and controls the laws .. So the World Bank intervenes to the lives of Iraqis

    Post by Rocky Fri 08 Dec 2017, 3:42 am

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    [You must be registered and logged in to see this image.]/12/7 04:40:55 PM 

    It seems that the confusion in the state's economic policy in not creating new financial resources and reducing the dependence on oil revenues as the main financial source of the state prompted the Iraqi government to resort to the International Monetary Fund to obtain loans to pay the state's financial expenses, which economists consider to be unhealthy because it makes the country Debt-laden for many years, which will be borne by future generations.

    In May 2016, the International Monetary Fund agreed to lend Iraq $ 13 billion to meet its financial needs over a 10-year period at a rate of 1.5 percent, in return for imposing conditions that the Iraqi government would have to implement in the next state's budgets until the loan is repaid.

    Experts and experts on the Iraqi economic situation promised the International Monetary Fund for Iraq to "unfair" because it targets the staff and graduates, as well as interference with the decisions of the federal government, calling on the government to negotiate with the IMF to reduce its restrictions imposed on Iraq.

    Member of the Committee on Economy and Investment Representative Harith al-Harthy, stressed that the most prominent conditions imposed by the International Monetary Fund on Iraq in the budget in 2018 was to reduce expenses and not to launch appointments and reduce the salaries of employees and retirees.

    Al-Harithi told "One News" that "the conditions of the IMF is an interference in the Iraqi affairs and this is borne by the government for not to develop economic plans to diversify the financial revenues and not rely on oil, such as activating the levies and collect them from border crossings and customs and support the private sector and the implementation of some development projects, Debt-laden and bound by international conditions ".

    He pointed out that "the salaries of employees red line can not be touched and the Iraqi government not to respond to the IMF in this regard because the employees and retirees are the poorest segment of society and in dire need of salaries and do not receive either a quarter of their dues in the state," noting that "Iraq is obliged to implement conditions International criticism because it is governed by agreements and protocols. "

     He pointed out that "the budget of 2018 is no different from the previous in 2017 in terms of expenditure distribution of revenues, as some of the paragraphs of a lot of ambiguity requires the government to clarify it," calling the Parliamentary Finance Committee and in coordination with the Office of Financial Supervision to "follow the final accounts of previous years And know the size of spending and know the difference in prices between the sale of oil and heights and differences to know where the money went.

      Leaks about the budget of 2018 revealed leaked documents on the draft draft law of the general budget of the country 2018, for the total value and the proportion of deficit, in addition to the proportion of Kurdistan, amounting to 12.67%.

    According to these documents, the total revenue was estimated at 5 trillions and 331 million dinars at 43.4 dollars per barrel of oil, with a production capacity of 3 million and 888 thousand barrels, including about 73 trillion dinars of oil revenues.

    The total expenditure is estimated at 108 trillion and 113 million and 913 thousand and 506 dinars, while the budget deficit amounted to about 22 trillion and 782 million and 913 thousand and 506 dinars, while the share of the Kurdistan region to 12.67% only after it was 17%.

    The draft budget was based on the export rate of oil of 3 million and eight hundred thousand barrels per day, including 250 thousand barrels of oil in the Kurdistan region, and 300 thousand barrels of Kirkuk oil, where the budget was built on the basis of the price of a barrel estimated at about $ 43, Remains the largest supplier of the budget.

    In addition, the parliamentary finance committee revealed the continuation of the Iraqi negotiations with the International Monetary Fund on the granting of loans and restrictions.

     "The conditions of the International Monetary Fund on Iraq was unjust because it targeted the staff by reducing their salaries by 4 percent and the unemployed graduates, and this will inflame the Iraqi street," said Mahasen Hamdoun, a member of the committee. "The Iraqi government is still continuing its negotiations with The International Monetary Fund to reduce some conditions and reduce them so as not to harm Iraq. "

     She pointed out that "the budget of 2018 unfair to many Iraqis, especially in the affected provinces to non-compensation of citizens degrees of career for the previous three years and not to allocate funds for reconstruction or compensation of homes of affected citizens," stressing that "the budget did not take into account what reached these provinces of destruction and non- During a period of urging the terrorist. "

     For his part, said the economist Abdul Hassan al-Shammari, that the conditions of the International Monetary Fund and the World Bank is a great benefit to the economy of Iraq as it aims to reduce the great waste of Iraqi funds.

    Al-Shammari told "One News" that "among the terms of the cash reduction of the number of employees by providing employment opportunities in the Iraqi private sector," pointing out that "the budgets of Iraq is a budget for salaries of employees as the number of employees in Iraq exceeds the number of employees of the United States, The population of the United States is 350 million and has 4 million employees, while Iraq has a population of 36 million and the number of employees exceeds 4 million and a half million and this is a waste of public money.

    He pointed out that "there are many files wasting through the money, including the ration card where it is allocated large funds and does not reach, 25 percent of them to citizens," stressing that Iraq needs a clear economic vision to adopt Iraq again through activating the private sector and diversify the country's financial resources " .

     The fall in oil prices on world markets since June 2014 has largely affected Iraq's oil-dependent economy to finance more than 90 percent of the country's expenses, as well as the spiraling costs of war against a staunch organization.




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