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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Parliamentary warnings of continued reliance on oil as a resource rent single

    day dreamer
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    Posts : 3197
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    • Post n°1

    Parliamentary warnings of continued reliance on oil as a resource rent single Empty Parliamentary warnings of continued reliance on oil as a resource rent single

    Post by day dreamer Tue 25 Nov 2014, 8:18 pm

    Parliamentary warnings of continued reliance on oil as a resource rent single

         
    11/26/2014 0:00


      BAGHDAD Shaima Rashid
      Cause the adoption of the federal budget in preparation on a single supplier, which is oil, during the past ten years the introduction of the country in a real problem with a budget in 2015, especially with the fluctuation of oil prices and quantities, as called for parliamentary committees to prepare the budget to claim multiple resources in the preparation of the budgets of the coming years.
    Commission on oil and energy parliamentary, warned of the exposure of financial budgets of the state to a continuous deficit in the coming years in the event of dependence on the proceeds of oil alone.
    Said committee member Jamal Muhammadawi "morning": that oil prices related variables global oil market and the size of the economic growth of some consuming countries, and therefore, the total reliance on the basis of a variable is not a good thing.
    He said the decline in the economic growth of China and India and the Asia-rates, which make up about 50 percent of the consumers of Iraqi oil have a negative impact on oil prices, as well as the start of the world based on new sources of energy rock such as oil as reducing the use of crude oil.
    The MP stressed the importance of the diversity of sources of state funding and rely on industry, agriculture and investment sectors, pointing out that all countries in the world to adopt its budget on more than one source, lest the country's economy is limited to one vendor.
    Muhammadawi revealed the existence of a parliamentary claims to encourage investment and bring in capital and interest in industrial, agricultural and commercial sector for increases in budget revenues, adding, however, it is subject to the relevant committees and effectively in response to government policies and ministries involved in this aspect.
    He noted that members of the "OPEC" meeting in the next month will determine oil prices through production cuts or height.
    On the other hand, the Finance Committee attributed in the House of Representatives as experienced by the country's economic situation is recovering today, to the absence of economic and financial strategy of the state through dozens of past years, saying that it was not possible that the country's unilateral budget live and be the Iraqi economy, economy Rieia.
    And tried Committee member Faleh force during an interview with the "morning", considering positively to the crisis drop in oil prices, saying "may have significant benefit by drawing a strategic blueprint for balancing economic mentality to search for new resources," adding that "the resources exist but need to legislation. "
    The deputy hope not to prepare next year's budget with the same hands that prepared the previous budgets, so the benefit.
    He said the country needed to activate the legislation and work mentalities eager want the advancement of the country, revealed the existence of many tips provided by the World Bank and the International Monetary Fund and international organizations for Iraq, adding, "But Iraq did not take the advice, and now after the crisis experienced by this year it became necessary taking advice, including the customs tariff and tax policy and investment, as well as the activation of the important tourist aspects enjoyed by the country. "
    The MP pointed out that the House of Representatives, if it came to him a package of laws by the government and the presidency, this legislation would raise the other resources in the revenue budget is oil, and expected to have the legislation in 2015, a significant impact in preparing the 2016 budget because the budget year next will depend on a single resource is oil.
    At this time, to discuss the economic and investment commission parliamentary issue of diversity in the financial resources of the State for the coming years.
    The MP for the Committee Harith Chanchal Harthy, "morning", the existence of a study to re-run the agricultural and industrial sector, as well as interest in the private sector in order to support the budget and providing them with new resources, stressing the need to activate these activities because it is a new artery in the country's revenue in its favor .


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