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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


    British report: Iraq gallery for bankruptcy in 2017 .. The government does not have the salaries of

    Rocky
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    British report: Iraq gallery for bankruptcy in 2017 .. The government does not have the salaries of Empty British report: Iraq gallery for bankruptcy in 2017 .. The government does not have the salaries of

    Post by Rocky Sun 02 Mar 2014, 10:01 am

    [size=12.66]British report: Iraq gallery for bankruptcy in 2017 .. The government does not have the salaries of its employees


     Baghdad / term    [/size][size=12.66]o[/size][size=12.66]


    A report issued by the International Center for Development Studies, based in London, that the inability of the Iraqi budget is threatening Iraq's oil sector clearly.
    According to the report, exceeded the deficit the $ 50 billion dollars, Iraq would be at risk of bankruptcy in 2017, and Iraq will be unable to pay the salaries of its staff, and it seems that the indicators of bankruptcy looming, especially that the Iraqi government pays the salaries of its employees, including the salaries of the staff of the Kurdistan region, on a monthly basis, which allocated $ 4.5 billion for the month of February, did not send the salaries of March / Amaralamqubl, because the amount available is not enough only for one-third of the staff of Iraq.
    report explained that the deduction of 15% of the budget allocated to investments in oil has contributed to the reduction of Iraqi exports of 2.62 million barrels per day to 2.28 million barrels per day during the past three months, what impact clearly on state revenues and plans to increase exports to more than 3.5 million barrels during the year 2014.
    According to the report, the oil giants are unable to cope with the volatile environment of the Iraqi economy, threatening the withdrawal of it. In addition to the security factor highlights the worker financial and administrative corruption, bureaucracy and a lack of experience and the need for Iraq to infrastructure and the training of 70 thousand workers in the oil sector to reach the desired goals.
    report refers to cancel the company "BP" contracts to dozens of foreign contractors of the South Rumaila, and the threat of Eni withdraw from the Zubair field in Basra because of bureaucratic red tape that delayed the signing of a contract for six months.
    seems to be the inability of Iraq's budget has contributed to weakening the state's ability to establish security, being engaged in a war in Anbar cost the Iraqi economy worth seven million dollars a day, which is exhausting burden the budget and affect the state's ability to carry their burden other in the defense of the rest of Iraq. According to a report the International Center for Development Studies to be real deficit in the Iraqi budget has risen today to 32 billion dollars in the absence of an agreement between Baghdad and Erbil on oil exports, and the adoption of five dollars in compensation to each province oil producer, and the adoption of laws that do not fit and Iraq's ability to carry its burden of Finance.
    sees the International Center for Development Studies that the deficit is not justified, the fact that the budget has been prepared on the basis of price of $ 90 a barrel, while the price of oil not less than $ 100, any that the budget must achieve a large surplus, especially that the completion rates in most Iraqi provinces did not exceed 40%, and in some of them was zero.
    Moreover, the amounts retained from previous budgets, up to the year 2012 was more than 50 billion dollars, raising questions about why real to talk about the deficit, if not a new attempt aimed at the theft of public money and convert to the benefits of the personal gain of senior officials in the state.
    illustrates report Global Center for Development Studies that financial and administrative corruption in Iraq has led to the emergence of a new class of rich and new entrepreneurs affiliated with the Iraqi government , and who came to get rich quickly, prompting the emergence of a market for luxury goods in Iraq, most notably the private jets that have their prices up to 16 million dollars, while a third of the Iraqi people live under the poverty line.

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