Zebari: The Ministry of Finance is considering finding Iraq's financial resources other than oil

by day dreamer Mon 03 Nov 2014, 5:04 pm

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Zebari: The Ministry of Finance is considering finding Iraq's financial resources other than oil

by day dreamer Mon 03 Nov 2014, 5:04 pm

[You must be registered and logged in to see this link.] Zebari: The Ministry of Finance is considering finding Iraq's financial resources other than oil
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November 3, 2014 8:12

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Finance Minister Hoshyar Zebari, said his ministry is considering some of the measures aimed at maximizing the financial resources of the state in the near future and in accordance with the necessary legislation, which would be endorsed by Parliament for this purpose.
Zebari said in a press statement that "the ministry is waiting for the House legislation, laws and regulations to maximize the financial resources in the country and find other economic resources will complement the general budget is oil, which is a source approved by the president fully in the preparation of the state budget over the past ten years."
He added, "The competent ministerial committee of financial and economic affairs discussed the fiscal policy in the country and submitted their views to the Council of Ministers on this issue, which has been reviewed a number of ideas and practical suggestions to overcome the current crisis," the government's measures came against the backdrop of the significant decline that hit returns financial state as a result there has been a striking decline in oil prices on the global as well as local production of crude oil due to the volume of material security and emergency conditions.
He explained Zebari, said the ministerial committee mentioned a meeting in which he stressed the need to "reduce non-core expenditures in ministries and state bodies allocations and pressure on spending as much as possible to avoid the aggravation of the financial crisis and low liquidity," he said, adding that the meeting discussed a number of options available to the government to finance the deficit of sources available during the remainder of the current fiscal year period.

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