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[size=36]He proposed measures to confront him .. The Sudanese: the budget deficit reached 60 trillion, and the revenues will not cover salaries[/size]
Political | 01:34 - 10/03/2020
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Baghdad - Mawazine News
, a member of the Strategic Planning and Follow-up Committee of the Government Program, MP Muhammad Shia'a Al-Sudani, announced on Tuesday that the budget deficit reached 60 trillion dinars, proposing several measures to confront it.
"We follow with great concern the recent indicators related to the global economic situation, which coincided with the spread of the Corona pandemic, as oil prices tumbled to a steep slope for the first time in years and for various reasons including related to an abundance of supply compared to demand," Al-Sudani said in a statement. Including an increase in shale oil production, accompanied by an increase in panic from the outbreak of the Corona virus and a rise in the number of infections in countries of the world, which affected many economic activities, specifically the rentier economy of Iraq, which relies on oil as a basis for its material resource.
He added: "Iraq is at the beginning of a fiscal year and without a budget in a legalized disbursement according to the law (1/12) and the expected revenues in light of the current average price does not cover the size of salaries that are expected to reach (56) trillion dinars after the salary increase for the previous year by limits (14) trillion dinars due to the revocation of their contracts from the army, the police and the popular crowd, not to mention the recent appointments in the ministries, including the security services in the defense, national security and intelligence, as well as an increase in the amount of loan debt repayments to Iraq every year.
He continued: "Which is expected to rise this year to (five) billion dollars, offset by a decrease in the price of a barrel of oil sold according to (30) dollars, meaning that we sell for (23) dollars, as it is sold under the price of Brent with (seven) dollars to be subtracted from. (12) dollars cost the licensing rounds to remain for us (11) dollars, and if the loan and interest amounts are deleted, the net price of the barrel of oil sold will be (six) dollars.
He went on to say: "Based on the above, Iraq faces an economic catastrophe that affects the general situation of the country, accompanied by a stifling political crisis, as the political situation is still in a state of obstruction after the political forces are unable to assign a consensual figure and what is regrettable is that everyone is consumed in talking about choosing this or that person For reasons or specifications, conditions and standards away from the most important issue, which is the ability of the new government in the person of its president or ministerial team to deal with the economic situation crisis. "
And, "This political situation in crisis in the presence of a caretaker government floundering in its decisions between the voluntary absence of the resigned Prime Minister and the singularity of ministers in managing their ministry away from the control of the House of Representatives, which is still stalled due to the legislative holiday that ended and the compulsory holiday due to the precautionary measures to confront the Corona disease." The presence of a regulatory vacuum exploited by the corrupt in passing decisions and measures that harmed the Iraqi economy and the public interest accompanied by a representative government silence on the formation of a special operations room of economists and specialists to address the effects of the serious deterioration in oil prices and its catastrophic effects In the budget and state revenues in conjunction with these political, economic and health conditions. "
And, "Corona virus and the emergence of infections in Iraq represents an additional problem that affected the joints of life in Iraq in a paralysis-like state, as schools and universities were disrupted. It increased permanently in the state departments by (50%), which led to the decline of most economic activities, not to mention the weakness of the state agencies in this aspect." And its measures are slack compared to other countries that closed their borders and took precautionary measures. The people followed the government’s procedures in this regard with great concern. Perhaps in the video leaked from the Crisis Cell Committee and the vocabulary that they were nominating, it represented a great disappointment in the seriousness of the government and the crisis cell in being at a high level of treatment These health disaster. "
And between: "In our estimation, effective solutions start from choosing a new government and starting its duties as soon as possible. As for the economic situation, we see the necessity of forming an immediate team of economists, finance and legal from the governmental and private sectors, and okay in an international consultation to find out a package of measures and reforms that may be austerity Harmful cause grudging by some, but it is imperative in front of this deteriorating financial situation. The important thing is that these measures are far from the poor class and are directed to middle and high income earners with degrees that are equal to the level of income, whether tax measures related to the rest of the joints of countries. Of laws or procedures it was from about Customs and taking into account the tax Moisadtha standard of living and the rate of poverty rampant in many of the provinces. "
He stressed that one of the most important procedures required:
* Combating corruption of all kinds and forms and reducing the waste of public money that drains the state in these economic conditions.
* Development of non-oil revenues such as taxes and customs, while noting the need for strong control over ports to ensure that fees are collected according to the law.
* A complete solution to the procedures related to the Kurdistan region, including the issue of exported oil and customs in the region's outlets with the outside.
* Reconsidering the operational budget by stopping some exchange doors and limiting it to the necessary ones.
* Auditing the numbers of employees, sorting the aliens from them and double salaries, stopping some allocations and reconsidering them.
* Activating the initiative of the Central Bank for loans related to the industrial bank, agricultural bank, real estate and housing bank, and directing this initiative to medium, small and large projects, which supports the movement of the wheel of development in the sectors of industry, agriculture, and housing, and that creates jobs and supports the national economy.
* Determining _ or preventing _ importing unnecessary goods to give way to the local product to cover the needs of the local market and what it represents by generating job opportunities and maintaining the currency within the country.
* Reconsidering the currency auction and adjusting the dollar exchange rate, so as not to burden the poor class.
Al-Sudani concluded by saying, "These are the most important measures to confront a budget whose deficit is estimated at (60) trillion dinars and revenues. If the barrel of oil continues to be sold at $ 30, it will not pay the salaries of employees and retirees." Ended 29 / A 43
, a member of the Strategic Planning and Follow-up Committee of the Government Program, MP Muhammad Shia'a Al-Sudani, announced on Tuesday that the budget deficit reached 60 trillion dinars, proposing several measures to confront it.
"We follow with great concern the recent indicators related to the global economic situation, which coincided with the spread of the Corona pandemic, as oil prices tumbled to a steep slope for the first time in years and for various reasons including related to an abundance of supply compared to demand," Al-Sudani said in a statement. Including an increase in shale oil production, accompanied by an increase in panic from the outbreak of the Corona virus and a rise in the number of infections in countries of the world, which affected many economic activities, specifically the rentier economy of Iraq, which relies on oil as a basis for its material resource.
He added: "Iraq is at the beginning of a fiscal year and without a budget in a legalized disbursement according to the law (1/12) and the expected revenues in light of the current average price does not cover the size of salaries that are expected to reach (56) trillion dinars after the salary increase for the previous year by limits (14) trillion dinars due to the revocation of their contracts from the army, the police and the popular crowd, not to mention the recent appointments in the ministries, including the security services in the defense, national security and intelligence, as well as an increase in the amount of loan debt repayments to Iraq every year.
He continued: "Which is expected to rise this year to (five) billion dollars, offset by a decrease in the price of a barrel of oil sold according to (30) dollars, meaning that we sell for (23) dollars, as it is sold under the price of Brent with (seven) dollars to be subtracted from. (12) dollars cost the licensing rounds to remain for us (11) dollars, and if the loan and interest amounts are deleted, the net price of the barrel of oil sold will be (six) dollars.
He went on to say: "Based on the above, Iraq faces an economic catastrophe that affects the general situation of the country, accompanied by a stifling political crisis, as the political situation is still in a state of obstruction after the political forces are unable to assign a consensual figure and what is regrettable is that everyone is consumed in talking about choosing this or that person For reasons or specifications, conditions and standards away from the most important issue, which is the ability of the new government in the person of its president or ministerial team to deal with the economic situation crisis. "
And, "This political situation in crisis in the presence of a caretaker government floundering in its decisions between the voluntary absence of the resigned Prime Minister and the singularity of ministers in managing their ministry away from the control of the House of Representatives, which is still stalled due to the legislative holiday that ended and the compulsory holiday due to the precautionary measures to confront the Corona disease." The presence of a regulatory vacuum exploited by the corrupt in passing decisions and measures that harmed the Iraqi economy and the public interest accompanied by a representative government silence on the formation of a special operations room of economists and specialists to address the effects of the serious deterioration in oil prices and its catastrophic effects In the budget and state revenues in conjunction with these political, economic and health conditions. "
And, "Corona virus and the emergence of infections in Iraq represents an additional problem that affected the joints of life in Iraq in a paralysis-like state, as schools and universities were disrupted. It increased permanently in the state departments by (50%), which led to the decline of most economic activities, not to mention the weakness of the state agencies in this aspect." And its measures are slack compared to other countries that closed their borders and took precautionary measures. The people followed the government’s procedures in this regard with great concern. Perhaps in the video leaked from the Crisis Cell Committee and the vocabulary that they were nominating, it represented a great disappointment in the seriousness of the government and the crisis cell in being at a high level of treatment These health disaster. "
And between: "In our estimation, effective solutions start from choosing a new government and starting its duties as soon as possible. As for the economic situation, we see the necessity of forming an immediate team of economists, finance and legal from the governmental and private sectors, and okay in an international consultation to find out a package of measures and reforms that may be austerity Harmful cause grudging by some, but it is imperative in front of this deteriorating financial situation. The important thing is that these measures are far from the poor class and are directed to middle and high income earners with degrees that are equal to the level of income, whether tax measures related to the rest of the joints of countries. Of laws or procedures it was from about Customs and taking into account the tax Moisadtha standard of living and the rate of poverty rampant in many of the provinces. "
He stressed that one of the most important procedures required:
* Combating corruption of all kinds and forms and reducing the waste of public money that drains the state in these economic conditions.
* Development of non-oil revenues such as taxes and customs, while noting the need for strong control over ports to ensure that fees are collected according to the law.
* A complete solution to the procedures related to the Kurdistan region, including the issue of exported oil and customs in the region's outlets with the outside.
* Reconsidering the operational budget by stopping some exchange doors and limiting it to the necessary ones.
* Auditing the numbers of employees, sorting the aliens from them and double salaries, stopping some allocations and reconsidering them.
* Activating the initiative of the Central Bank for loans related to the industrial bank, agricultural bank, real estate and housing bank, and directing this initiative to medium, small and large projects, which supports the movement of the wheel of development in the sectors of industry, agriculture, and housing, and that creates jobs and supports the national economy.
* Determining _ or preventing _ importing unnecessary goods to give way to the local product to cover the needs of the local market and what it represents by generating job opportunities and maintaining the currency within the country.
* Reconsidering the currency auction and adjusting the dollar exchange rate, so as not to burden the poor class.
Al-Sudani concluded by saying, "These are the most important measures to confront a budget whose deficit is estimated at (60) trillion dinars and revenues. If the barrel of oil continues to be sold at $ 30, it will not pay the salaries of employees and retirees." Ended 29 / A 43
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