Because of the delayed adoption of the budget .. the parliamentary Finance warns of (economic burden

Because of the delayed adoption of the budget .. the parliamentary Finance warns of (economic burden) may lead to the collapse of Iraq's budget




Baghdad / follow the Orient: - According to a member of the Finance Committee MP Abdul Amir al-Mayahi, that the delay in adoption of the budget carries the burden of Iraq's economic budget Iraq heading toward collapse. He Mayahi in a press statement: "The Iraq is losing large sums of money every month, because of the lack of adoption of the budget," asserting that "asylum Iraq to borrow from the World Bank to bridge the fiscal deficit in the budget will contribute to the collapse of Iraq's budget and financial weighs his shoulders international debt." And "The delay in approving the budget, with the approaching elections will lead to approval in recent months of the current year as a result of the formation of the new government and the new parliament, which will reflect negatively on the country's economy. "It is noteworthy that the Presidency of the Council of Representatives has decided to extend the work of the Council for one month, and was scheduled to take members House holiday the current legislative term in the fifteenth of the month of October. referred to as the House of Representatives and with the near parliamentary elections in 30 of the current month are still experiencing difficulty in holding its sessions to pass the budget, the center of the province several blocks, for the continuation of the dispute between them, especially relating to a share of the Kurdistan region, which stipulated that upon the federal government to export 400 thousand barrels per day, compared to its share of grant 17% of the budget, while the latter insists upon receipt of its share of the budget in full, without the benefits of oil delivered to the central government, which blamed the federal government to unfair decisions by region, which is trying to exploit the resources of the southern provinces of the region without the participation resources.
A member of the committee, warned that the economic Mahma MP Khalil, from the rising prices of vegetables in the local market in the coming days. Khalil said in a press statement: "The decision of the Committee on Economic Affairs in the cabinet to prevent the import crops (potatoes, cucumbers, eggplant, peppers cold) with effect from 15.04.2014 and until further notice, will lead to a rise in prices of vegetables to the lack of display on the market and the increasing the demand for them. " He stressed that "the lack of width vegetables in the local market will pay some to exploit the growing demand for them to raise their prices," and called for "patient's decision to prevent vegetables and applied gradually, and to encourage Iraqi farmers to increase crop yields and achieve self-sufficiency that comes after preventing the import of vegetables." The Committee on Economic Affairs has decided, in a statement, preventing the importation of crops (potatoes, cucumbers, eggplant, peppers cold) with effect from 04.15.2014 and until further notice, saying that it comes from in order to support Iraqi farmers and not to flood the market with vegetables imported .
In a related context Prime advisers in the Council of Ministers Thamer Ghadhban, on Saturday, that the failure to approve the budget will affect the growth of the Iraqi economy, while stressing that there is no fear on the operating budget or a contraction in the market because of the delay. Anger said in an interview: "The failure to approve the budget so far will affect the growth of the Iraqi economy and growth projects," noting that "the real problem lies in the new investment projects." Anger and added "there is no fear on the operating budget or a contraction in the market because of the delayed budget," pointing out that "the ongoing projects of the past years and will continue to be the operational budget and the exchange rate of 1/12 of 2013." He Anger "in front of a problem because of the country's failure to approve the House of Representatives of the general budget," adding that "the proper procedure and the right to approve the budget earlier this year." The Merrill Lynch - Bank of America said in a report issued by the end of November 2012, according to a poll conducted that Iraq will be the fastest growing among the world's GDP and will grow in the local production of up to 10.5 percent, followed by China with 7.7 percent. The Ministry of Planning in August 2013, the rate of growth of the Iraqi economy is about 9%, indicating that the numbers of economic growth that have been issued and that are audited by international organizations shall be valid and depend on the indicators and accurate figures and not descriptive nor speculative.




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