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Balancing the red lines
9/18/2016 0:00
[rtl]Abbas Abdul Razzaq pigment
has been widely anticipated since the levels of oil prices began to decline to the adoption of other sources of funding and break the monopoly of oil as a resource almost entirely and only to build a budget that remained (and remains) at the mercy of the graph to the levels of the oil market , prices of which concerned the prices and under the context of supply and demand as any commodity trading and strategic mistake any budget based on the rates of goods rentier even if high rates and »comfortable» for theconstruction of a natural balance , especially if they include exceptional benefits and private investment side of them, which is exceptional by virtue of rent - seeking funding unstable have fluctuated, not to mention that this budget is the third in a row that arebuilt on the basis guess the price of a barrel of oil tumbling at the time of fighting inwhich Iraq is very fierce war against Daesh, and the impact of low and fluctuating oil prices , this benefit on the Iraqi national security is threatened three years ago and breached basis since 2003, and added to the above , other benefits are as important as the war against Daesh requirements edit usurped areas of benefits and is the reconstruction of the areas stricken by the occupation Aldaasha and later become anarena for wars of liberation, benefits, post - editing such as restoring resettlement ofdisplaced persons in their areas which they were displaced forcibly and rehabilitation, inaddition to the creation of places of refuge for those they live in mildly conditions it is adifficult and tragic augmented by international entitlements Iraq such as debt incurred byhim and premiums that debt and benefits, which borrowed recently Iraq to avoid afinancial crisis suffocating . This was not possible for the Iraqis are to have by my services and the standard of living and security for decent despite the giant budgets the explosive that has wasted evaporated due to widespread corruption in all joints of theIraqi state since Alnisani change and that bequeathed this reality bombarded withcorruption to a time when budgets are scarce and with embarrassing statements counterbalance the next year in which the framers had the budget to the redeployment ofmost of the data accumulated to the operational side and the investment and service side account even the security as it will shape the investment budget in this law , about 24 percent of the total spending that the operational side, according to the planners balancing a red line concerning him livelihoods of millions of Iraqis and retired staff (about 8 million beneficiaries) as well as the beneficiaries of social welfare allocations shall be prevail and years of successive side operating on the investment side to be stabilized price of a barrel a reasonable price for financing, and taking into account theproportion of the deficit , which is estimated in the budget of 2017 by more than 31 percent of about 32 trillion dinars ($ 26.6 billion) of the total amount of 102 trillion dinars expenses (about $ 85 billion), more the budget deficit last year and revenues of oil and non - oil estimated at 70 trillion dinars (about US $ 58 billion) and guess the price of abarrel to $ 35 instead of $ 45, the lowest price depends for any budget at all , and thesize of the export of 3,330 thousand barrels per day by the oil Marketing company and (250) thousand by the Kurdistan region and (300) thousand from Kirkuk.
The advantage of the budget in 2017 from its predecessors of the budget , including thefollowing:
1 they are still balancing rents and retained by a large deficit as well.
2. it raised for the first time the principle of peace offset any it will be a balancing of the post Daesh benefits Liberation
3 they described the budget belt - tightening because of the procedures austerity harsh and is the closest to reality as a comment appointments in government jobs for three years , characterization , which contributes to the rise in disguised unemployment rate and the formation of a tractor and a new armies of the unemployed and what follows this procedure of social and economic implications dangerous to the security and stability ofIraqi society exhausted, augmented by taxation and activation of levies policy policy as well as retrenchment and rationalization of government exchange to the maximum extent possible.
4 she 's budget has seen borrowing Iraq from many sides to overcome the ordeal ofFinance and at subsequent budgets inclusion of a paragraph to the payment and amortization of debt with its benefits for the non - recurrence of the issue of debt resulting from the Iraq, which has rescheduled within Iraq 's agreement with the Paris Club.
I say if the non - oil revenue parallel oil imports will be deficit lower expenses more and therefore will impact on the investment budget and raising the service and the standard of living does not hurt interesting balancing engineers on the operational side only promise a red line , but that there are a lot of red lines as fighting corruption and recover public funds looted to the Iraqi people and others, have oil prices imposed to be lines «Khadra» reality , however, is supposed to be the money experts and economists Iraqis activate non - oil revenues and supporting sectors that are in the budget box in thefuture to break the oil monopoly , such as agriculture, industry and tourism , and have along journey starts with hard work and not romantic aspirations.[/rtl]
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