An economist ruled out approving the financial budget for the current year

[rtl]Baghdad / Nina / The specialist for managing state institutions in crises - Harvard University Ali Jabbar Al-Fariji, ruled out the approval of the 2020 financial budget, confirming that Iraq would lose almost the same value from its revenues, which are not sufficient to pay 85% of the salary obligations.

Al-Fariji said in a statement to / NINA that: the budget lost its (economic) value due to the difficulty of re-drafting it to fit the global oil price drop rates estimated at 60%, indicating that Iraq will lose almost the same value from its revenues, which are not sufficient to pay 85% of the obligations The estimated salary of $ 38 billion, for which another burden is added, is the quantitative employment (reform packages) valued at $ 8.3 billion.

He pointed out that "one of the parliamentary financial committee's proposals is to resort to what is called a month-to-month budget in the sense that revenues will be disbursed according to the readings of the monthly exchange items meaning / simplified we sell oil we receive money every month / - without any utilitarian strategy for economic or investment building - which will allow The process of rapid waste of monthly revenue. "

He added that there is another proposal that imposes compulsory saving to reduce the amount of cash that must be paid monthly to the armies of employees who have created a policy of incarceration to rise and reach approximately 4.1 million employees, stressing that it is not possible to impose compulsory savings as a solution to several factors, including compulsory savings at a rate of 20-25%. Under pressure on a large percentage of employees whose salaries hardly meet the costs of their daily living under a floundering economic circumstance, as well as the loss of confidence between the public on the one hand and the state's financial and economic management - in particular, what appears to be features of confusion in managing the current crisis and its repercussions.

He explained that at the same time, there is a disregard for the issue of imposing control on the cash returns from the border outlets and ports in southern and northern Iraq, and this process has lost Iraq more than 7 billion dollars annually as revenue from fees and taxes that are collected from all border outlets - which can reach 9.6 billion dollars annually While what enters the Iraqi treasury annually does not exceed $ 1.9 billion only according to the readings of the 2019 budget, in addition to this deliberate failure to activate Law No. 10 of 2012 in the Iraqi Money Back Fund - which must recover the funds frozen before 2003 abroad by Security Council resolutions 660 and 661 Counting the events of Kuwait, and smuggled after 2003 through the gates of corruption and bleaching money and smuggled into Lebanon, Jordan and many countries - and their reports of the Integrity Committee in 2014-2015 more than 130 billion dollars. / Ended 8[/rtl]

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