Economist: 2015 budget is the most important

Economist: 2015 budget is the most important 

BAGHDAD / newspaper rectitude - preferred an economist working on the preparation of the federal budget for 2015 on concern the budget of the year 2014 to near the end of the year, in light of developments and events through which Iraq as well as the data and the repercussions of the fluctuation of oil prices on the financial resources and considering the current budget balancing emergency to time constraints. 

 The economist said d.  The appearance of Mohammed Saleh in answering about the implications of the five-year plan as a result of this volatility and the decline in oil prices that hedges are required in light of the changes on the political and economic realities in the country require attention to the need to pressure operating expenses in light of the new situation and indispensability act rational where in order to cross this stage. 

 He added that the five-year plan will be affected much because public budgets are designed in the light of the objectives and contents of the five-year plan based on the Financial Administration Act and the public debt, "95", therefore, lower oil prices and declining financial resources will impact on the programs and goals of the plan. 

 He explained that the investment expenditure will be reduced depending on these indicators and patchwork Five-Year Plan had earmarked 79 percent of government investment and 21 percent for private sector investments orbit notes that the magnitude of the impact on the plan and declining indicators returned biggest challenge this aspect. 

 He cautioned the benefit that the operating budget is designed to broad prospects and commitments are difficult to abandon them related to the salaries and wages of employees and contractors with the government side and the great support enjoyed by everyone from the other side, so calls to pursue a pressure operating expenses and reduce wastage great at ministries and control because of the limited resources . 

 And on the basic precautions required economist said d.  The appearance of Mohammed Saleh: that the oil market is difficult to predict where the comforter reason that the oils do not go into consumption but to speculation aimed at maximizing the resources of companies and by one barrel of consumption versus 5 drums to speculate if there was a barrel benzine and one for consumption versus 7 drums for speculation so difficult to predict and even control prices Ahiana.lzlk calls in favor of the need to pressure operating expenses and to control the exchange of financial resources and to reconsider the doors of the general budget and according to the new data, which also require reconsidering the plan targets occasion, he Ended 10 


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