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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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    (((editorial)))...The budget and foreign loans

    Rocky
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    • Post n°1

    (((editorial)))...The budget and foreign loans Empty (((editorial)))...The budget and foreign loans

    Post by Rocky Sat 25 Jan 2014, 8:06 am

    (((editorial)))...The budget and foreign loans

    Today at 6:44 am






    1/25/2014 0:00


    Arabism Jamil Mohammed
    in most of the time I wish I and others from the Iraqis to provide balance in the month of September or October of each year and to acknowledge the end of the year to take a range of great debate in the atmosphere intact and not tense as it gets habit years ago.
    and talk about the budget paragraph fixed at the end of each year and the beginning of a new year.
    Perhaps in Iraq are still very far from the concept of the budget and the dimensions and timing of its launch, The issue of the budget takes from the general scene in Iraq a long time because of the attraction of the political forces, leading in the end to dump the budget of the objectives and contents of the economic and developmental turning After you enter the kitchen Parliament for a new budget is very different from that presented by the Council of Ministers, especially if the House of Representatives right rotation in the amounts or even returned to the cabinet again.
    We must point out here that the budget established by the experts involved in economic affairs, social and schematic, as discussed by politicians Some of them are seen to balance with suspicion and distrust, especially with the approaching election season, others viewed her into zonal purely, and the third section is trying hard to make them an opinion matches do this and that.
    Indeed, the House of Representatives and in the past years did not discuss the budget in terms of the development of pure, It was seen as a law can be bargained and ratified at the same time with other laws, the subject of a difference, and this is very dangerous because the adoption of the budget quickly means to gain more time and to accelerate the development process.
    , and we find that the budget of the year 2014 based on partial ones on external borrowing where authorized the draft budget and the Federal Minister of Finance the power to continue to borrow from the International Monetary Fund which complements the sum of (4.5) billion dollars (four billion five hundred million dollars) and the World Bank which complements the $ 2 billion dollars (two billion dollars) during the year / 2014 using the SDR of sdr limits (1. billion dollars (one billion, eight hundred million dollars) to cover the projected shortfall in the federal budget in addition to domestic borrowing by the remittances and treasury bonds.
    , and I think that Iraq's budget for 2014 is very large compared to countries in the region and able legislator Iraqi that does not allow foreign loans, which resulted in Iraq to pay benefits on the one hand, on the other hand shackle Iraq economically and can reduce a lot of expenses, especially those where they overlap of responsibilities between the federal government and local governments, and therefore we can find the budget without deficit as our covenant in the past few years, especially as the price of oil, although fixed now, but it is subject to change, so as well as the export capacity of Iraq, which should evolve more in order to meet the full requirements.
    , and if there was there to lend so why not be borrowing from the Central Bank of Iraq, especially if he has to enough money even to lend to some countries?
    Why rely on World Bank loans and afford to pay great benefits and handcuff economic decision? Not to mention that the amount of 4 billion dollars is not a huge degree of Iraq is unable to provide for the full year.

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