by day dreamer Sun 18 Jan 2015, 11:24 am
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Central Bank calls for a reconsideration of the budget confirms: not able to cover the deficit of financial institutions [/ltr]
[ltr][rtl]HH ,MJ[/rtl] Author: HH, MJ
[rtl]HH ,SHS[/rtl] Editor: HH, SHS
01/18/2015 15:26
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[rtl]ا[/rtl]Long-Presse / BaghdadIraqi Central Bank announced, Sunday, that the financial reserves of Iraq is equivalent to one and half times the weakness of the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to the fiscal deficit coverage, stressed the need to re-examine the structure of Budget and tunnels and diversify sources of income and achieve investment more broadly to address the decline in oil prices.The governor of the Central Bank of Iraq on the Keywords in an interview for a number of media, including the (long-Presse), on the sidelines of the third internal financial control conference held by the General Secretariat of the Council of Ministers, today, in the Rashid Hotel in central Baghdad, said that "what brought Iraq today as a result decline in oil imports can be processed on two levels. "The relationship, that "the first level can be in real-time processing through what could be earned by the state from internal or external loans," noting that "the second level lies in the long-term treatments through to reconsider the structure of the economy and financial management of the country and diversify sources of income."Keywords and continued that "all Iraqi financial institutions will not be able to bridge the fiscal deficit in the country when it is in significant levels," stressing that "this calls for a reconsideration of the structure of the budget and structural tunnels and diversify sources of income and achieve invest more broadly, the first alternative and better in order to attract private capital and operation of labor. "Keywords and continued that "the reserves of the Central Bank of the money variable number probably on a daily basis, according to oil exports and cover changing imports," pointing out that "the Central Bank maintains reserves at a rate of one of the very best in the world rates compared monetary mass in circulation and this is the force that is calculated by the Reserve" . Keywords and pointed out that "Iraq is still a reserve covers the money supply more than one and a half times in Iraq, a high percentage compared to the coverage in the world, ranging from 70 to 100%." The representative of the supreme religious authority in Karbala, Ahmad al-Safi, called in (January 16, 2015) to re-examine the fiscal budget to suit the current situation, and stressed the need to be accompanied by "retrenchment" process of support for agriculture, industry and the protection of the domestic product, and in what was described Almtsidian institutions government as "helpless" in solving the country's problems, students benefit from the expertise and Iraqi scientists. The Iraqi Council of Representatives, ended the second reading of the draft financial budget for the current year 2015, during its fourth meeting of the second legislative term of the first legislative year, which was held on Monday (January 12, 2015), while meeting rose to next Tuesday. He called on Iraqi Prime Minister Haider al-Abadi, on Saturday, (January 10, 2015), during the celebration of the anniversary of the founding of the Dawa Party, the House of Representatives to the lack of budget returns, and stressed that the validity of Parliament reduction and carry, and with the provinces and ministries called "open the door for investment wide , warned that it "will be considered investment like a terrorism crime disabled." As House Speaker Salim al pledged in a speech during the ceremony itself, given the orientation of the government reduction in the budget, and stressed that the budget discussion is nearing completion, and as pointed out that the House of Representatives has a red line will Ntaadah the poor class, called the Prime Minister Haider al-Abadi providing private investment legislation.[You must be registered and logged in to see this link.][/ltr]
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