IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

IMF recommended non-oil sector development & foreign exchange liberalization

The IMF recommended that Iraq’s non-oil sector development and liberalization of "foreign exchange"

Tuesday, July 23, 2013 22: 05

Twilight news/ IMF praised the Government’s performance in maintaining macroeconomic stability in Iraq, despite security and political challenges faced by and the volatility of oil prices, but the Government recommended that the non-oil private sector development and liberalization of the foreign exchange market to encourage investment.

He said UNFPA representative resident in Oman Ghazi Iraq shubaikat at a press conference held at the Iraqi Business Council in the Jordanian capital Monday evening that the Fund report on the economic situation in Iraq of 2013 stressed the need for Iraq to build protective margins in finance to cope with fluctuations in oil revenues and the further strengthening of the institutional framework.

The report urged the Iraqi Government to accelerate the pace of reforms to develop the non-oil private sector, to assist in job creation and overall growth, according to the radio free Iraq and obtained by "twilight news.

Shubaikat said that the report of the Fund has been positive because of the improved oil production, as production this year rose 3.3 million barrels a day, as well as oil prices somewhat stable.

The report came up with a set of recommendations for action by the Iraqi Government to reform its economy mainly; how to manage the oil wealth and the need for reforms in the financial sector, and adjust the current expenditures and direct expenditures towards priority aspects, and increased investment spending.

The implementation rates for the investment budget for 2013 were less than required, as well as building fiscal surpluses in the Development Fund for Iraq can be used in the event of low oil prices.

According to shubaikat, the report of the International Monetary Fund recommended the liberalization of the foreign exchange market to encourage investment and strengthen laws against money laundering, and reform of the financial and banking sector in Iraq, which remains weak in the course of development in the country, in addition to the need for Iraq to reforms in agriculture wehikilih of State-owned enterprises.

Shubaikat said the main risks facing Iraq and the economy, de promotion are poor implementation of political reforms, the level of the political and security situation and the delays in increasing oil production and falling oil prices globally.

The UNFPA representative underlined the need for Iraq to have the private sector able to production, and direct investment in non-oil sectors, particularly electricity and agriculture where Iraq has a significant competitive advantage, adding that Iraq needs years of work to rebuild his fortune.

The President said the Iraqi Business Council n_ziimez the IMF assessment of the economic situation in Iraq very painless, despite some positive aspects.

He stressed the need to take the private sector role in development and economic growth, through the establishment of investment projects to support the investment budget to lighten the burden borne by.

The report is a summary of the so-called article IV report of the Convention establishing the International Monetary Fund, the Convention sets out obligations on Member States, including appropriate economic policies and is an annual report after gathering data from the States and numerous visits.

Nation Building : Empowering Women in Business and Employment

By*Madeleine White, educationalist, writer and Head of Strategic Partnerships,*Whizz Education.
Apologies for not writing my usual monthly update. I do have a good reason though, I was involved with an inspiring conference at the end of July in London and have been working to respond to the passion, ideas and concepts shared ever since.
The members of the Deauville Partnership with Arab Countries in Transition (DP) met with business women from the Arab World, G8 and other nations on 25-26 June 2013 to strengthen opportunities for women in employment and trade following the calls of women during the uprisings of 2011-13.
The topic was Women’s role in Arab Countries, the issue was how to create the environment and support the need of business women in the Middle East to thrive, and thus contribute to the economies of ‘countries in transition’.
Figures released by the World Bank Group show that closing the gap between male and female employment rates would have huge implications for the global economy, boosting American gross domestic product (GDP) by as much as 9 percent, Eurozone GDP by 13 percent and Japanese GDP by 16 percent. Globally, women represent 49.6 percent of the total population, but only 40.8 percent of the total workforce in the formal sector. In the Middle East OECD figures are much starker. Only 27% of women join the labour force compared with 78% of men. In a region already deemed as sluggish in terms of entrepreneurial activity, again women lag considerably behind men,11% compared to 22%.
In Iraq the picture is even starker. A summary provided by the UN states that:
“ armed conflicts have led to deterioration in the lives of women in Iraq and an associated loss to the country since women are marginalized and unable to contribute economically, socially, and politically. Iraqi women today suffer from a lack of educational opportunities, a lack of health care and limited access to the labour market as well as high levels of violence and inequality. These conditions are often exacerbated by misconceptions of traditions, cultural and social values, false perceptions, and a lack of awareness of women’s rights and potential, as well as institutional and legal barriers.”
Iraq was represented within an extraordinary line up of delegates from across the MENA region and the G8. The voices that spoke were strong and clear, from Charifa Beja an agricultural worker who demanded the right for fairer working practises to Tunisia’s Minister Badi, who reminded us that women in the MENA region needed a yes from everyone, powering support and inclusion across the world and thus giving them the drive and support to reach their potential.
Ordinary businesswomen and delegates, as well as Ministers of State from the UK and across the region, economists from World Bank and the OECD made it absolutely clear that there was specific data and research available, able to demonstrate that the economic and social empowerment of women is fundamental to the economic development of the MENA region. It was also clear that there was a need and a hunger for immediate action.
So what is this action, and what are the implications for Iraq and indeed Kurdistan in terms of capacity building around gender equity?
It is clear that Women have equal potential to men in terms of potential contribution to the economy yet face disproportionate challenges in many areas. However, this is a blog focussed on building education and skills within a human capacity pipeline, so let’s start there…
Education and training were highlighted as a driving factor for creating an empowered female population, able to contribute to nation building. Indeed, the level of female education has been shown to have an impact on economic growth, both positive and negative, according to a recent Goldman Sachs study. Their finding show that effects of gender inequality in education may have reduced potential annual per capita income growth by 0.5 ppt to 0.9 ppt in much of South Asia, Sub-Saharan Africa, the Middle East and North Africa.
With these hard financial facts in mind in mind, one should consider the major school building programme, state-owned but also private sector driven, coming online in Iraq and Kurdistan over the next year. The concept of gender equity in terms of access, security, curriculum and finally the pipeline to employability should be considered in this light.
As the IFC points out: Financing girls’ education may well be the world’s highest return investment, it is also a business opportunity.

Some interesting links to funding, ideas and opportunities:

  1. Kiva Microfinance launch – How to create opportunity for women business owners in Iraq
  2. Wafa’s story. Wafa is a graduate of International charity Women for Women international, showing how investing in Iraqi women can change lives.
  3. e4e a joint IFC and Islamic Bank initiative, launched in 2011 over five years, with the aim of bridging the gap between existing knowledge and skills with those needed for employment. There is specific emphasis on dealing with the world’s highest female youth unemployment. Ideas and suggestions are welcomed.
  4. And finally, following the conference, a £4 million Arab Women in Business Challenge Fund has been announced that ‘’ will improve the competitiveness of women entrepreneurs in the Arab world, helping them to take advantage of new opportunities and markets. This will also provide their UK and G8 equivalents with potential new contacts, networks, suppliers and markets. You can contribute and participate at the newly formed Arab Business Women’s Forum and the linked education, skills and training sub group.

Source: Iraq-BusinessNews.com.

Post your commentary below.

Cabinet decides to disable the official working hours on Thursday and Thursday the next

Cabinet decides to disable the official working hours on Thursday and Thursday the next

Iraqi Council of Ministers meeting (archive)

Author:
Editor: AHS, RS 07.23.2013 15:16

Range Press / Baghdad
Iraqi Cabinet announced on Tuesday, he decided to "disable the official working hours" in government institutions for a Day "next Thursday and the next Thursday," and it is excluded from the decision and ministries of "health and electricity."


He said a brief statement carried by satellite Iraqi semi-official, today, that "the Council of Ministers decided in its regular XXXI disable official working in government institutions for the day Thursday, 25 July present, and on Thursday, the first of the month of August next," and that "excluded from the decision- the ministries of health and electricity. "


The Council of Ministers decided, on Wednesday (17 July 2013), disable the official working in official circles for Thursday (18 July 2013).


It also announced that the province of Dhi Qar, Wednesday (17 July 2013), disable the official working in official circles for Thursday (18 July 2013), the reason attributed to the rise in temperatures, which reached more than 50 degrees Celsius.


The Iraqi cabinet was announced, (7 July 2013), the reduction of working hours in all ministries for an hour during the month of Ramadan, indicating that the reduction also includes non-related ministry.


The Ministry of the Interior issued annually instructions regarding the month of Ramadan, which prevent breakfast overt strictly prohibited, and the closure of stores that sell alcoholic beverages, restaurants and cafes, and prevent the creation of artistic activities that are not consistent with the sanctity of the month.


Referred to as the month of Ramadan is the ninth month of the Islamic year in which Muslims hold from food and drink from dawn until sunset, and the month of Ramadan, like other months of the Islamic year, which lasts 29 or 30 days

http://www.almadapress.com/ar/news/1…84%D8%B1%D8%B3

Haitham al-Jubouri: former finance minister was involved nine corrupted files

Haitham al-Jubouri: former finance minister was involved nine corrupted files

07/23/2013


BAGHDAD / JD / .. revealed the Finance Committee in the House of Representatives about the involvement of former Finance Minister Rafie al-Issawi nine corrupted files in the ministry.

Committee member said Haitham al-Jubouri told the reporter / JD / that former Finance Minister Rafie al-Issawi involved nine corrupted files in the ministry.

He explained: of the most prominent files involving al-Issawi, buy 177) Camcorder of the company (Kamscan), the (22) including Genuine only, and the rest are fakes amount of more than 5 billion Iraqis, in addition to the existence of reports from the Iraqi banks contains files many senior officers and branch managers and managers Aamyin, and purchase (48) electric generator where teams (5) billion dinars ($ 209 million).

He added: As there are files, embezzlement in the Rafidain Bank branch Abu Dhabi, worth 53 million dollars was the loss of money between those involved in this file, and the amounts deposited by the Ministry of Defence (14) billion and (25) and the decision does not distribute nor given to Thuraya contracting with the Department of Defense, but this gave financial full amount of the company since (2005), in which Fouad (9) billion Iraqi dinars.

Jubouri also revealed the presence of (4) personal files of the top names in the Ministry of Finance, noting that one of the files do one of the officials with dancing (4) prostitutes.

And he asked the Presidency to interrogate al-Issawi, noting that his resignation from the ministry and the issuance of a warrant of arrest had prevented it. / End / / 23

http://translate.google.com/translat…hp%3FID%3D3628

Iraq jailbreaks: Hundreds escape in Taji and Abu Ghraib

Poster’s Note: and to think that just a few days ago – when Achminajab (sp) came – I was remarking that the Sunnis were very quiet sigh

22 July 2013

Iraq jailbreaks: Hundreds escape in Taji and Abu Ghraib

Hundreds of inmates have escaped from two Iraqi prisons after gunmen stormed two jails near Baghdad.

Fighting raged for several hours after the jails – Abu Ghraib to the west of the capital and Taji to the north – came under attack.

Mortar fire and suicide bombs were used to gain access to the jails, whose inmates include al-Qaeda prisoners.
At least 20 members of the security forces were killed as they struggled to regain control.
The Iraqi authorities initially said that the attackers had failed to free the prisoners in Taji and Abu Ghraib. They said security forces reacted quickly enough to seal the area and cut off any escape route.
But it quickly emerged that they were wrong, as reports came out that at least 500 prisoners had indeed managed to escape. The government had to admit that "some" prisoners had escaped, without saying how many.
In the past, several attacks on prisons have resulted in dozens of inmates being freed, as well as records and precious information about them being destroyed or stolen.
In Mosul, too, the army took a painful hit, another reminder that the northern city remains one of the most dangerous for security forces in Iraq.
It is not just Mosul, however, and not just the security forces that are suffering. Continuous waves of attacks across the country have exposed the government’s chronic failure to secure the country.
A senior Iraqi MP, Hakim Al-Zamili, said that about 500 prisoners had escaped from the notorious Abu Ghraib prison.
Most of them were senior members of al-Qaeda who had been sentenced to death, he told Reuters news agency.
"It’s obviously a terrorist attack carried out by al-Qaeda to free convicted terrorists with al-Qaeda," the agency quoted an unnamed security official as saying.
Abu Ghraib was used to torture opponents of the regime during Saddam Hussein’s rule, and its infamy increased in 2004 when photographs were published showing detainees being abused by US guards.
Mortar rounds
The prison attacks were launched at about 21:30 (18:30 GMT) on Sunday night.
Gunmen fired mortar rounds at the prisons, and then used car bombs at the entrances.
The situation was eventually brought back under control on Monday morning, with the use of military helicopters.
Iraqi authorities initially denied any prisoners had escaped in the attacks, but now acknowledge "some" prisoners escaped.
Interior Minister Wissam al-Firaiji said the attackers, whom he called "terrorists," had been well-armed.
"The attack against Taji jail alone was carried out by nine suicide bombers and three car bombs driven by suicide bombers," he told reporters.
"The attackers also lobbed more than 100 mortar shells," he added. "The inmates are now under control."
Elsewhere in Iraq, two attacks on security forces in the northern city of Mosul killed 33 people, officials said.
A man drove a vehicle packed with explosives up to a military convoy.
"A suicide bomber was following the convoy and when it stopped in the middle of road he detonated his vehicle right behind it," a policeman told Reuters news agency.
A group of soldiers and at least two passers-by were among the dead, officials said.
A second attack was launched on a group of policemen, several of whom were killed when gunmen stormed their checkpoint.
Mosul, 360km (220 miles) north-west of Baghdad, is one of Iraq’s major flashpoints.
Insurgent groups such as al-Qaeda have found the city a fertile recruiting ground.
It is the capital of the Sunni-dominated Nineveh province.
There were further deadly attacks in the city of Kirkuk and in Anbar province, according to Agence France Press.
Violence up
It is unclear who was behind the incidents, but there has been a recent escalation in violence across Iraq.
United Nations figures released earlier in July showed that more than 2,500 Iraqis were killed in violent attacks in the three months from April to June.
The current spate of attacks makes this the most dangerous time in Iraq since the peak of the anti-US insurgency in 2006-7, and certainly since the US withdrawal in 2011.
More than 2,500 Iraqis were killed in violence in the three months from April to June
Some of the country’s minority Sunni population feel increasingly marginalised by Prime Minister Nouri Maliki’s Shia-led government.
Shia forces have targeted Sunni protesters, and insurgents linked to al-Qaeda and its "Islamic State in Iraq" have been carrying out bomb attacks on government institutions and Shia population centres.
The spark in violence has raised fears of a return to the levels of sectarian killing seen following the US invasion ten years ago, and has led commentators to discuss once again the prospect of partition along community lines.
The conflict in neighbouring Syria, itself increasingly taking the form of a Sunni-Shia sectarian conflict, is further straining community relations in Iraq.
Militants have previously targeted Iraqi prisons in similar operations, though Sunday night’s breakout appears to be far larger in scale than previous incidents.
Prisons themselves have been a focus for Sunni grievances, with protesters saying inmates have been unfairly detained and in some cases tortured.
Al-Qaeda’s affiliated group in Iraq has previously said it would target the justice system, AFP reports.
http://www.bbc.co.uk/news/world-middle-east-23403564

Allawi calls on Maliki to submit the resignation of “instant”


Allawi calls on Maliki to submit the resignation of "instant"



















22/07/2013 – 18:18
















Alsumaria News / Baghdad

The leader of the Iraqi List, Iyad Allawi, on Monday, Prime Minister Nuri al-Maliki to resign "instant", the National Alliance to choose an alternative to the Presidency of the Council of Ministers "abide by the constitution," while the House of Representatives called for work to support this proposal.

Allawi said in a statement received "Alsumaria News," a copy of it, that "the political process in Iraq and reached an impasse after the aborted power all attempts sincere to return to their tracks constitutional and consensual national,"

noting that "because of all that took the people of Iraq pay the blood Zakia heavy every day, and security in the continuous decline scary, offering the people of Iraq more than thousand martyr month ".

Allawi added that "the escape of prisoners, including Qaeda terrorists, it became no exception, as happened in Iraq yesterday," he said, adding that "the government is working at the same time to fight the partners in the political process

and freedom fighters who fought the former regime, and exacerbated sectarian political and regional abhorrent, and fell services are humiliating and unjustified, has hit full paralysis and disability of this government. "

He added that "our national and moral responsibilities towards our people, and our respect for the blood of the martyrs of the righteous, we need to invite the prime minister to provide instant resign,

and call the National Alliance to choose a replacement for the presidency of the Council of Ministers is committed to the Constitution and political بالتوافقات and prompt national partnership."

Allawi called the House of Representatives to "work to support this proposal, and contribute to the supervision of free and fair elections, leading Iraq to the shores of peace, security and stability, through an elected government and capable and committed to the Constitution."

The invitation Allawi this, which is not the first, at a time when the country’s deteriorating security remarkable is waves of bombings sweeping the various Iraqi cities almost daily, which was the last of which hit Baghdad, the first on Saturday (July 20, 2013), leading to the deaths of 24 people and wounding 86 others.

It is noteworthy that the capital Baghdad witnessed, on Sunday, breach of a serious security threat when he was imprisoned whale in the district of Taji, north of Baghdad, Baghdad Central Prison (Abu Ghraib previously) in the district of Abu Ghraib,

west of the capital, to mortar fire, followed by an attack by unidentified gunmen with guards prisons in an attempt to Aqthamanma, while raised guests in prisons, riots and burning a number of halls, without knowing the size of the losses of human or material,

but the Commission on Security and Defense parliamentary revealed subsequently escape from 500 to 1000 Guest from Abu Ghraib Central, stressing that most of them Al-Qaeda.




http://www.alsumaria.tv/news/79774/ع…608;ر/ar

Economists: budget next year not differ much despite higher financial income

Economists: budget next year would not differ much from its predecessor despite higher financial income

21-07-2013 10:44 AM

Baghdad (News)/report/ Bushra Khalil. After half the fiscal year 2013, the Ministry of Finance began preparing for the 2014 budget, which is expected to reach 130 billion dollars.

The number of representatives and economic experts, to balance the next year don’t differ much from its predecessors in terms of investment projects and customizations that contain them, while acknowledging the financial volume increases, calling on during their talk (News Agency) the need to expedite the preparation and delivery to the Parliament early in order to discuss and vote on it before the end of this year.

Member of the Finance Committee MP/Kurdish Alliance/najeeba Najib, said: the Committee did not receive until now federal budget bill in 2014 and not see the numbers and the final one.

She (News Agency): the alstratigiat affirms that budget would be the size (157) trillion Iraqi and enlightened nearly 60 trillion dinars for investment and rate customizations oil production (3) million and 500 thousand barrels, however these figures are inaccurate, it will be subject to contexts and several studies.

Said: that the strategic plans developed by International Convention to further reality, provincial budget, noting that the question of appointments are more jobs are not enough to eliminate unemployment and large numbers of graduates.

And demanded: to send the budget to the lower house in September to enable the legislature to examine and approve as soon as possible.

Confirmed: that the Government demanded termination problems between the Governments of the Centre and the region and not postponed until the next parliamentary session, which takes to approve the budget as in past years, the host must approve cut pushed through before next year’s parliamentary elections will see what makes the matter more complicated.

The Economist, for his part, ruled out mock, cut pushed through approval of Majid in September of this year, adding that it was possible to approve the Cabinet only and will be subject to political manoeuvres and allocating the House suffers from the same problems that have afflicted the advance.

The shadow (News Agency): the investment budget will remain unchanged even if the POPs rose because of mismanagement of funds and directed towards economic development.

He added that the budget will reach 130 million dollars has been spent in Iraq budgets more than 600 billion dollars on weak curriculum, indicating if the budget without good governance it cannot guarantee any result in the economic development in the next budget and not after.

And: the results confirm that in 2014 rising oil imports to more than 100 billion dollars as a result of higher production, but that so far the numbers are inaccurate and unsubstantiated and cannot ensure that only final accounts and cash flow statement.

Member of the Economic Committee, MP for the Iraqi coalition/Nora/albegari, noted: the 2013 delayed the House adoption of the general budget to the fourth month and now started the ministries receive funds to complete projects.

She said albegari (News Agency): three years ago the budget was not approved on time wettakhr several months long, indicating that so far did not know quantity and what plans the International Fund, the Central Bank and Government policy, the Ministry of planning for the new budget.

The budget outlined in previous years did not change in quantity only very slight increase in the investment budget for 2013 but not the required level.

Albegari: the customizations described the investment of previous budgets as mere numbers and more provinces did not take real maturity, she wondered whether the Federal Government or dysfunction of local governments.

She said that because of poor balance of funds due to poor management by the State and how to disburse, indicating that Iraq needs huge investment and budget projects a huge giant strategy into the General State budget.

Excluded: any change in 2014 to the level that we want because of the political situation and the Government and the political consensus that the majority budgets subject to consensus between the blocks during the vote. /finished/5. h. p/

Economists: budget next year not differ much despite higher financial income

Economists: budget next year would not differ much from its predecessor despite higher financial income

21-07-2013 10:44 AM

Baghdad (News)/report/ Bushra Khalil. After half the fiscal year 2013, the Ministry of Finance began preparing for the 2014 budget, which is expected to reach 130 billion dollars.

The number of representatives and economic experts, to balance the next year don’t differ much from its predecessors in terms of investment projects and customizations that contain them, while acknowledging the financial volume increases, calling on during their talk (News Agency) the need to expedite the preparation and delivery to the Parliament early in order to discuss and vote on it before the end of this year.

Member of the Finance Committee MP/Kurdish Alliance/najeeba Najib, said: the Committee did not receive until now federal budget bill in 2014 and not see the numbers and the final one.

She (News Agency): the alstratigiat affirms that budget would be the size (157) trillion Iraqi and enlightened nearly 60 trillion dinars for investment and rate customizations oil production (3) million and 500 thousand barrels, however these figures are inaccurate, it will be subject to contexts and several studies.

Said: that the strategic plans developed by International Convention to further reality, provincial budget, noting that the question of appointments are more jobs are not enough to eliminate unemployment and large numbers of graduates.

And demanded: to send the budget to the lower house in September to enable the legislature to examine and approve as soon as possible.

Confirmed: that the Government demanded termination problems between the Governments of the Centre and the region and not postponed until the next parliamentary session, which takes to approve the budget as in past years, the host must approve cut pushed through before next year’s parliamentary elections will see what makes the matter more complicated.

The Economist, for his part, ruled out mock, cut pushed through approval of Majid in September of this year, adding that it was possible to approve the Cabinet only and will be subject to political manoeuvres and allocating the House suffers from the same problems that have afflicted the advance.

The shadow (News Agency): the investment budget will remain unchanged even if the POPs rose because of mismanagement of funds and directed towards economic development.

He added that the budget will reach 130 million dollars has been spent in Iraq budgets more than 600 billion dollars on weak curriculum, indicating if the budget without good governance it cannot guarantee any result in the economic development in the next budget and not after.

And: the results confirm that in 2014 rising oil imports to more than 100 billion dollars as a result of higher production, but that so far the numbers are inaccurate and unsubstantiated and cannot ensure that only final accounts and cash flow statement.

Member of the Economic Committee, MP for the Iraqi coalition/Nora/albegari, noted: the 2013 delayed the House adoption of the general budget to the fourth month and now started the ministries receive funds to complete projects.

She said albegari (News Agency): three years ago the budget was not approved on time wettakhr several months long, indicating that so far did not know quantity and what plans the International Fund, the Central Bank and Government policy, the Ministry of planning for the new budget.

The budget outlined in previous years did not change in quantity only very slight increase in the investment budget for 2013 but not the required level.

Albegari: the customizations described the investment of previous budgets as mere numbers and more provinces did not take real maturity, she wondered whether the Federal Government or dysfunction of local governments.

She said that because of poor balance of funds due to poor management by the State and how to disburse, indicating that Iraq needs huge investment and budget projects a huge giant strategy into the General State budget.

Excluded: any change in 2014 to the level that we want because of the political situation and the Government and the political consensus that the majority budgets subject to consensus between the blocks during the vote. /finished/5. h. p/