Today, 07:53 AM
After the occupation ranked sixth in the level of international corruption .. Iraq prepares for tough austerity days
24-10-2014 07:32 PM
No report of Transparency International in 2014, about the occupation of Iraq ranked sixth among the most corrupt countries in the world, away from the reality of the country, over more than 10 years,
to resound in the recent warnings and parking Iraq's economy on the brink of collapse as a result of financial corruption and administrative rampant in government institutions.
According to the current Iraqi prime minister, Haydar al-Abadi, Iraq witnessed the corruption cases by about 100 billion dollars, during the reign of the former prime minister, Nuri al-Maliki, who handed his duties mid-August / August.
of the rapid decline in oil prices over the last three months, largely on the budget for Iraq, what has heightened fears of damage to its economy dramatically,
especially in light of the crises taking place at the level of the cost of the war against the organization of the Islamic State 'Daash', which increase days after another of the cost of spending.
The risk of oil
The economist said, on behalf of Jamil Antoine, said that oil revenues make up 75% of Iraq's resources, and lower prices, which may continue to drop towards $ 75 a barrel,
as well as higher spending, to support the war effort, salaries and other aspects of basic expenses' will of the Iraqi economy to shocks serious '.
He added that Antoine 'current command paid to the need to rethink the formulation of budget austerity professional minutes', pointing out that Iraq through 10 years ago,
successive governments have not been able to find the resources other than oil, it has neglected the agricultural and industrial sectors and businesses.
He stressed the need to 'put precautionary measures in spending with increased pumping of oil, out of the ordeal', stressing that 'the management helm of financial resources lies in stopping the financial and administrative corruption, which weighed on the current and previous governments and necrosis body of the country's economy'.
In a report by Transparency International in 2014, Iraq was ranked sixth among the most corrupt countries in the world, after Somalia, Afghanistan, Sudan and South Sudan and Libya.
He warned the Secretary-General of the Iraqi Islamic Party, Ayad al-Samarrai, of the collapse of the Iraqi economy, as expressed extreme concern and fear of what was to become of the economic situation in Iraq in light of successive crises and the situation in the region.
Samarrai said in a press statement, said that 'when it reaches Brent crude to nearly $ 80 a barrel, it is not possible to remain the price of a barrel of oil specified in the Iraqi budget by $ 90,
and must be determined not to exceed $ 65 per barrel, and this means that in the accounts Simplified , not to exceed the budget in 2015 what it was 2010 budget '.
He added that 'the operating budget has risen gradually over the past five years, and this means that the state investment budget will be exposed to a policy of austerity', explaining that 'the cost of the face Daash and the preparation of the National Guard
and trained and equipped and compensation heavy weapons and equipment, which defeat the Iraqi army in confrontations Daash will generate pressure has no parallel on the budget. '
He criticized the Samurai 'performance of the previous government, which has expanded in the operating budget, and the parliamentary finance committee earlier,
which was to learn all of it and it turned a blind eye', stressing that 'investment budgets turned into a way to steal public money unsanctioned'.
According to a press statement of the prime minister, Haydar al-Abadi, finally 'must be less than 2015's budget by 30% over the 2014 budget.'
The Iraqi Commission on Integrity, announced on October 15 / October of this, that the semi-annual report due out, will include the names of employees rank of minister, agents and Madrin two years 'corrupt',
pointing out that there are countries that benefit from the money looted from Iraq, and that it had prepared files of an international recovery Some of these funds.
After 2003, became a phenomenon of corruption in Iraq, one of the biggest challenges, which ran rampant in the civilian and military institutions of all, according to officials and economic analysts.
Not limited repercussions of financial and administrative corruption on the loss of Iraq's money in the form of thefts and kickbacks, but exposure of state assets abroad to the loss,
as a result of litigation arbitration by international investors in international courts against the Iraqi government for failing to follow legal procedures sound to conclude contracts or terminated, According to analysts.