Home
[ltr]
[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/5/23 9:16 • 548 visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Oan- Baghdad]
A source in the Ministry of Finance, said the IMF loan conditions imposed for Iraq in exchange for granting a loan include a tax on employees' salaries.
According to the details of the agreement concluded by Iraq with the International Monetary Fund, during the past two days, and which stipulates that a loan granted preliminary exceed five billion dollars:
1 - that this agreement is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq's obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time.
2 - the value of the loan is 5.4 billion [billion] dollars.
3 - The interest rate on this loan does not exceed 1.5% per annum.
4 - assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building 'financial umbrella | Pave the way for the establishment of the seven major industrialized nations [G7] to provide credit facilities for Iraq amounts could reach more than $ 15 billion, and within these facilities to help Iraq to ease the burden of repayment obligations with the Paris Club, as well as those relating to the payment of international financial obligations, in addition for obtaining additional financial support from the World Bank, and other countries.
5 - that this loan will help reduce the 'extra' deficit in the state budget, the impact of the drop in oil prices, and to follow the procedures help reduce the total deficit [ie, the total deficit in the state budget.
Second requirements
1 - that the Iraqi government to take necessary measures to reduce expenditure in the state budget for fiscal year 2016.
2 - take measures to settle the dues of oil companies, and do not let Petrakmha.
3. full salary and allowances for senior subordinate state employees, functional upper grades, and private, to income tax. These range from tax [by different income segments] between 7.5% to 15% of the total salary and allowances, while the lower grades, it imposes income on nominal salary only, without tax allowances
4 - rehabilitation [or restructuring] self-funded public companies.
5. work hard to raise the efficiency and performance of the financial regulatory agencies in the country, at all levels, and impose strict controls on the doors of disposition of this loan.
Third, other information:
1 - There are controls for the collection of public service wages, to take into account the living conditions of low-income people.
2 - will not raise fuel prices [types], because oil prices are currently low, and because existing prices are rewarding for the government.
2 - There is no requirement laid off workers in the government sector.
3 - There are no conditions permit stamped on the ration cards, nor salaries of social protection network, and not government subsidies provided to the displaced.
From the above, the social costs are difficult to this Agreement, are those associated with the repercussions of negative to cut public spending [in the absence of almost entirely of institutions capable of allocating available the best possible ways and means of economic resources, and the lack of the ability to pursue a management efficient public money, and also those costs associated with the taxation of the salaries of all employees.
As for how to dispose of the amount of the loan, check spent on the purposes for which has been allocated for it originally, and achieve the main objectives of it, the burden of implementation and follow-up in question, it will be the responsibility of the international parties involved and supportive of this agreement [basic degree, and not the responsibility of the Iraqi government alone.
[You must be registered and logged in to see this link.][/ltr]
Source: International loan to impose a tax on employees' salaries and strict limitations on the exchange
[/ltr][ltr][rtl]History[/rtl] of [rtl]edits:: 2016/5/23 9:16 • 548 visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Oan- Baghdad]
A source in the Ministry of Finance, said the IMF loan conditions imposed for Iraq in exchange for granting a loan include a tax on employees' salaries.
According to the details of the agreement concluded by Iraq with the International Monetary Fund, during the past two days, and which stipulates that a loan granted preliminary exceed five billion dollars:
1 - that this agreement is not the first, was preceded by two agreements: one in 2005, and the settlement of Iraq's obligations with creditors in the Paris Club, and the other in 2008, to address the repercussions of the sharp decline in oil prices at the time.
2 - the value of the loan is 5.4 billion [billion] dollars.
3 - The interest rate on this loan does not exceed 1.5% per annum.
4 - assumed that this loan helps to strengthen the creditworthiness of Iraq, and raise the credit rating, the building 'financial umbrella | Pave the way for the establishment of the seven major industrialized nations [G7] to provide credit facilities for Iraq amounts could reach more than $ 15 billion, and within these facilities to help Iraq to ease the burden of repayment obligations with the Paris Club, as well as those relating to the payment of international financial obligations, in addition for obtaining additional financial support from the World Bank, and other countries.
5 - that this loan will help reduce the 'extra' deficit in the state budget, the impact of the drop in oil prices, and to follow the procedures help reduce the total deficit [ie, the total deficit in the state budget.
Second requirements
1 - that the Iraqi government to take necessary measures to reduce expenditure in the state budget for fiscal year 2016.
2 - take measures to settle the dues of oil companies, and do not let Petrakmha.
3. full salary and allowances for senior subordinate state employees, functional upper grades, and private, to income tax. These range from tax [by different income segments] between 7.5% to 15% of the total salary and allowances, while the lower grades, it imposes income on nominal salary only, without tax allowances
4 - rehabilitation [or restructuring] self-funded public companies.
5. work hard to raise the efficiency and performance of the financial regulatory agencies in the country, at all levels, and impose strict controls on the doors of disposition of this loan.
Third, other information:
1 - There are controls for the collection of public service wages, to take into account the living conditions of low-income people.
2 - will not raise fuel prices [types], because oil prices are currently low, and because existing prices are rewarding for the government.
2 - There is no requirement laid off workers in the government sector.
3 - There are no conditions permit stamped on the ration cards, nor salaries of social protection network, and not government subsidies provided to the displaced.
From the above, the social costs are difficult to this Agreement, are those associated with the repercussions of negative to cut public spending [in the absence of almost entirely of institutions capable of allocating available the best possible ways and means of economic resources, and the lack of the ability to pursue a management efficient public money, and also those costs associated with the taxation of the salaries of all employees.
As for how to dispose of the amount of the loan, check spent on the purposes for which has been allocated for it originally, and achieve the main objectives of it, the burden of implementation and follow-up in question, it will be the responsibility of the international parties involved and supportive of this agreement [basic degree, and not the responsibility of the Iraqi government alone.
[You must be registered and logged in to see this link.][/ltr]
» BREAKING: Mayor Pete orders citizens to stop using drones to find stranded victims as feds fumble hu
» MM&C 10/3/24 Central Bank comments on preparing the budget for next year
» MM&C 10/3/24 World Bank: Iraq has made progress in improving the business environment, making it glo
» Elon Musk obliges Trump, reconnects disaster areas to the internet for free via Starlink
» utube 10/1/24 MM&C Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infrastructure
» utube 10/3/24 MM&C Iraq Update-Iraq Securities Exchange- Transform Iraq-Export Oil - Federal Co
» MM&C 10/3/24 Amending the Oil Law: A Step Towards Reform or Just Another Promise?
» In less than half an hour, Washington sends three messages via Baghdad to Tehran
» "Soon" .. Iraqi-Kuwaiti negotiations to resume to end differences
» On the seventh anniversary of Talabani’s passing, Al-Sudani recalls his national legacy and his role
» Planning: The general census will show the rates of enrolment in education and unemployment.
» Economist: Zionist bombing exacerbates economic conditions, calls for urgent intervention by governm
» Iraq, Kuwait to resume negotiations "very soon" to resolve outstanding issues
» Iraq and China take the largest share of Iranian goods
» Advisor Mazhar Saleh: No concern about Iraq's financial situation
» Amidst the Storms: Baghdad and Washington Support Regional Calm
» MP reveals reasons for delaying the approval of the Personal Status Law
» Al-Surji: The Union is capable of forming the next regional government
» Government measures to control the region's import of gold
» Central Bank comments on preparing the budget for next year
» Anbar citizens threaten to demonstrate over private generator pricing
» Dollar trading halted in Anbar due to high exchange rate
» Iraqi Parliament Prepares to Pass “Most Important” Law to Recover State Funds from Corrupt People
» World Bank identifies key issue for sustainable development in Iraq
» World Bank: Iraq has taken steps to develop human capital
» Electricity: Loss of 7,100 megawatts due to a decrease in the release of national gas and the supply
» Work: Issuing more than 220 thousand national cards for those covered by social protection
» France: Recommendation to eliminate 100,000 jobs to reduce government spending
» Iraq, Turkey sign MoU on migration and voluntary return
» Al Mazrouei: The world needs additional investments in the energy sector
» Agriculture announces compensation for livestock farmers’ losses, plans to control diseases
» Moscow advises its citizens not to travel to a country neighboring Iraq
» Holidays cost Iraq 34 trillion dinars annually!
» OPEC awaits global production estimates to confirm Iraq's compliance
» This is why oil traders are betting on it rising to $100
» Why are the social protection amounts not released for the current month?
» Baghdad and Washington discuss the need to protect sea lanes to ensure the export of Iraqi oil
» Iraq and the United Arab Emirates review procedures for judicial assistance files to recover persons
» Parliamentary-governmental meeting to discuss double taxation avoidance agreements
» Iraq and the United States stress the need for a ceasefire in the region and resolving crises throug
» Al-Mandlawi: The late President Talabani was keen, after the change, to play an honorable role in al
» The Iraqi-Turkish Joint Planning Group discusses the framework agreement concluded following Erdogan
» Baghdad and Washington discuss enhancing joint cooperation in the fields of energy, oil and economy
» Malekshahi: Successive regional governments faced local and regional difficulties and pressures
» Kurdistan: Starting to pay August salaries to employees tomorrow, Friday
» Iraq and America agree on the need for calm and not to expand the circle of conflict in the Middle E
» Dollar storm hits local markets.. Only half a point left for 155 thousand - Urgent
» "Serious and significant" economic risks await Iraq if it becomes involved in the Iran-Israel confli
» Total 140 days.. Financial costs of holidays in Iraq
» Within (8) months: The Al-Abbas’s Holy Shrine spends about (7) billion dinars on reducing the costs
» After "Noon News Agency" published its most important needs: Karbala Council forms a group of commit
» Government moves to build 6 new refineries
» Civil Service Council: Creating 6,000 job positions
» A project worth 16 billion dinars was seized by the Integrity Commission in Kirkuk
» Al-Sudani orders suspension of work tomorrow, Thursday, and confirms that the region is entering a d
» In two separate calls with Sisi and the Jordanian monarch...the Prime Minister stresses the importan
» Transport: Completion of preliminary designs for the railway line and topographic survey of the deve
» Salaries are secured.. Finance Committee: Discussing 2025 budget schedules to begin next month
» Ports announces completion of work on the five berths project at the Grand Faw Port
» Contrary to the instructions, the Integrity Commission monitors violations in the implementation of
» The dollar exceeds 153 against the Iraqi dinar
» Parliamentary Committee Reveals "Exciting" Details Concerning Border Crossings
» The cost of "unofficial" holidays in Iraq is equivalent to the Syrian budget!
» "Eagerly waiting" OPEC awaits global production estimates to confirm Iraq's commitment
» Dollar prices against the dinar in the Iraqi markets today
» National Day.. 92 years since Iraq acquired the “components of a state” as the first recognized Arab
» "He uses American companies and does not pay them" .. American court ruling shows the importance of
» Unprecedented’: Retired Border Patrol Chief Blows Whistle on How Biden-Harris Admin Hid Border Crisi
» Two new rounds of oil and gas investment
» Securities Commission: A strategy to transform Iraq into a regional investment center
» Political alliance talks about deciding the parliament presidency
» US forces hinder Iraqi forces' pursuit of ISIS
» Foreign Relations renews its call to preserve Iraq's sovereignty
» Abdul Wahid: Two ruling families seized the salaries of the region’s employees
» End of the state of alert among security formations in Iraq
» Inauguration of the first copper and cable factory in the Kurdistan Region and Iraq
» Kurdistan Regional Government reveals upcoming tripartite meeting to resume oil exports
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Finance Committee: Discussing 2025 budget schedules to begin next month
» 6,000 job positions to appoint top students and certificate holders.. These are the details
» Iraq.. Manufacturing oil well complexes by local hands
» Iraq is ranked 6th in the Arab world and 37th globally in labor force statistics 2024
» State Administration Coalition confirms unity of Iraqi position
» 6 thousand job positions to appoint top students and certificate holders
» 4 new industrial cities
» Implementation of 6 major projects in the capital
» Maysan trains 920 young people to find job opportunities
» Inventing an advanced device in the field of digital communications
» Planning receives 125,000 tablets for the general population census
» Committee to count the number of private public transport vehicles in the country
» Government moves to build 6 new refineries
» Cabinet approves national initiative to support energy and reduce emissions
» Al-Sudani receives the Spanish Ambassador to Iraq and stresses the need for the European Union to ta
» The Ministry of Oil discusses plans and programs to advance refinery sector projects
» The Council of Ministers decides to increase the capital of the Trade Bank of Iraq by 500 billion di
» The President of the Republic confirms to the National Security Advisor that the stability of Iraq i
» Benefiting from the ISIS experience... Türkiye exploits the tension in the region to expand in Kurdi
» Karbala.. Integrity Commission arrests a broker in the Real Estate Registration Directorate and moni