Yesterday, 08:07 AM
Launch licensing rounds to get rid of the oil monounsaturated
BAGHDAD / Shokran Fatlawi
oil and balancing water resources represented avital hubs in the Iraqi economy Tdarsthe elite group of financial experts and the economy during a seminar organized by the progress of the development policies of the Institute, where she discussed two working papers submitted by each of the financial a dvisor to the Prime Minister Dr.
The appearance of Mohammed Saleh included "analysis of 2017 budget and the role of oil and amendments to the International Monetary Fund , " while the second axis included worksheet international consultant Hisham artillery entitled "Mosul Dam and prospects of development."
Extensive discussions presented by participants punctuated interventions, suggestions and questions about the budget, stressing the need to benefit from the the current economic crisis, and the failure to adopt immediate solutions, such as the deduction of employees ' salaries and the consequent absence of social justice, calling at the same time to launch licensing rounds in various sectors, particularly agricultural ones in order to develop the country out of its oil unilateralism.
seek to build a state
initiated the symposium a speech by Director of the Institute d. Mehdi al - Hafez, included the need to work on the order of critical priorities for the advancement of the country from the current state of hardship, as well as seeking to build a capable state in the future, especially in terms of development of the oil revenue , financial resources and diversification of economic product, not to mention the focus on the wise management based on the law and the equal rights of the citizens of the state .
He said Hafiz said the general situation of the country suffer from the many loopholes the most important decline in the oil supplier and weak economic performance, as well as the stalled investment and the growth of the private sector, pointing out that the desired starting keys lies in the development of financial resources and achieving comprehensive economic reform.
World Bank estimates
for its part accept adviser Prime Minister for financial Affairs d. The appearance of Mohammed Saleh , the doors of the budget for 2017 and its roof Alanvaqa and estimated at 100 trillion dinars, of which 5 trillion of debt services, while the volume of total revenue 79 trillion dinars, of which 68 trillion oil revenues on the basis that Saralbrmel $ 42, anticipating the benefit of that of oil prices in the mid - year 2017 is about $ 55 per barrel , according to World Bank estimates.
expressing its interaction positive about changing the default price of oil from 35 to 42 dollars a barrel, adding that the deficit will be reduced to less than investment spending and by 21-25 percent, and the price difference will be distributed by half the ratio of investment and the other half to pay off the debt services in general.
solutions to the problem of corruption
and hinted Saleh said the IMF focused on the need to find solutions to the problem of corruption in Iraq , solutions, and through the adoption of auditors "Ernst & Young."
He pointed out that the budget prepared by agreement with the IMF international order to prepare the credit which will get Iraq whereby the approximately $ 5.3 billion, as it was the first installment worth 643 million dollars for the award of the budget in the health and education sectors and social protection network and the ration card receipt and file the displaced, that are allowed to loan three years and repayment over a 16 -year period and the usefulness of simple less than 2 percent.
He noted the benefit that non - oil revenues amounting to 10.7 trillion dinars, pointing out that the overall deficit ratio would be about 21 Trliuna.
The investment expenditure amounts to 25 trillion dinars, while the amount of current expenditures of 69.5 trillion dinars, and the irony is it 's more of the revenue
regarding Mosul dam ruled consultant Hisham artillery having concerns or risk the collapse of the dam, after a contract with an Italian company specialized to work on the maintenance and operation of the gate idle gates, noting that the dam economic aspect is the provision of water for irrigation projects Peninsula Lake Mosul dam ,
which consists of three projects are Ri island northern composed of three phases, the first covering about 280,000 acres, and stretches from the dam lake in the west to hand Rabia, contributes to irrigate wheat and barley crops, potatoes, corn, irrigation project south island, and extends west to the project the northern island for up to
He pointed out that the significant role to be played by the Mosul dam after liberalization in agricultural development will contribute to the diversification of financial resources, reviewing the dam project since inception figures and fascinating facts, if applied in the light of the plan of