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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

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    Parliamentary Finance: increase the salaries of state employees will be spent retroactively if the a

    day dreamer
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    Parliamentary Finance: increase the salaries of state employees will be spent retroactively if the a Empty Parliamentary Finance: increase the salaries of state employees will be spent retroactively if the a

    Post by day dreamer Sat Nov 29, 2014 10:10 pm

    11/30/2014 (00:01 pm) - The number of readings: 32 - Issue (3228)


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    [ltr]Parliamentary Finance: increase the salaries of state employees will be spent retroactively if the adoption of the budget in 2015 [/ltr]


    BAGHDAD / Call Ameri


    [ltr]Called on the Commission on oil and energy parliamentary to increase domestic production to the face of declining global oil prices, while the Finance Committee confirmed that the increase in the state approved by the previous government employees' salaries if the adoption of the budget will be spent in 2015 retroactively without delay.
    He said the oil and energy parliamentary member Ibrahim Bahr al-Ulum in an interview for the "long", "The decline in oil prices and declining Iraqi production cause a shortfall in exports and imports during the last three months of this year to nearly 27 trillion dinars." 
    He added that "the government mechanisms to address the deficit, which amounted to about 25% are not able to be covered is expected at least a deficit next year's budget in 2015 whether the budget and developed in accordance with the price of $ 65 per barrel, which is the price reasonable and commensurate with the market situation is stable."
    Bahr al-Ulum said that "there are two factors to overcome the current crisis is the first to increase production, especially of the central and southern fields, which are expected to add 400 000 barrels per day during 2015 to reach the amount of oil exported up to two million seven hundred and fifty thousand barrels per day."
    He said the "second factor boils down to activate the Kirkuk oilfields system which produces about 350 thousand barrels to be exported through cooperation with the Kurdistan Regional Government to standardize the production and pumped through the Turkish Ceyhan pipeline."
    He stressed that "the initial understandings that took place between the federal government and the Kurdistan region led to put the Kurdistan Regional Government 150 000 barrels at the disposal of the federal government and this is a good step, but must be followed by a serious and in-depth dialogues beyond past mistakes and disadvantages." 
    He noted that "next year's budget will not include the reduction of the salaries of employees and retirees while the rationalization will be to reduce the expenses of special grades and ministries and deputations, as well as luxury expenses landing degrees own salaries." 
    As said the parliamentary finance committee member Majda al-Tamimi "long", "The drop in oil prices impacted negatively on the economy of the country, especially as we are side unilaterally economy and by 93 Symbols rely on oil revenues versus 7 Symbols on other unforeseen revenue." 
    "The Finance Committee addressed some government institutions, including the Department of Tax and Customs Authority to determine the actual revenue generated over the past years to develop immediate and future plans can strengthen its internal financial returns gradually."

    Tamimi explained that "the activation of the private sector work is not only through legislation, the Social Security Act and the application of the customs tariff law so open parallel ports, oil revenue is stable, which would expose the local economy to recurrent crises." 
    It showed that "the federal government bears a heavy financial burden as a result of increased expenditure per year where we see a steady growth and a large increase in the size of the budget as a result of worsening operating budget allocations compared to the investment budget that did not exceed 20%."
    She stressed that "increases in the salaries of state employees, especially the lower grades approved by the previous government will be spent retroactively if approving 2015 budget without delay because of its significant impact on the lives of Iraqi citizens."
    Turn economist Bassem Jamil Anton said in an interview for the "long", that "the Iraqi budget depends on the rate of 95 Symbols of oil imports and the current decline at the world's oil impact on the budget and goals in general, where he worked on reducing the sector most of the operating budget and turned to fight Daash and the provision of support for the security forces and the popular crowd of weapon and the salaries of volunteer requirements in addition to the thousands of displaced people and displaced persons. " 
    "The investment side is fully depends where constitutes 30% of the budget with the operational side represents 60% so it must reduce consumption expenditures and allocations of Higher salaries and also buy cars, travel and others for the purpose of reducing the risk of a liquidity crisis in the budget." 
    He explained Anton that "calculate the price of a barrel of oil in the budget to $ 75 according to the confused market data're going to get on a budget estimated at 100 trillion dinars is a good budget but needs economic minds can steer management of financial resources properly and minimize expenditures does not affect the necessities of the local economy and preserves the stability of the entire domestic market. "  He said the "work to sustain and develop the internal resources of the country through the development of plans for obtaining the various taxes and shrinking some of the excess and unnecessary expenses in different state institutions."



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