World Bank: expense of Iraq budgets far less than observed and Snfawdah to reduce guess the price of a barrel of oil

24-02-2013 | (Voice of Iraq) - Add a comment -
Term Press / Baghdad

Revealed the World Bank, on Sunday, that the volume of spending of Iraqi budgets far less than the observed where money, and expressed his fear of the danger of adopting the Iraqi budget for oil fully and guesses prices high, and between that any decline in the price of the world's oil will cause problems large to Iraq, in when confirmed by the Ministry of Planning said that there is no alternative for Iraq but to rely on oil.

The World Bank representative in Iraq Maria Helen in a joint conference with the Minister Alkhtit Iraqi Ali Shukri in the ministry building and attended (range Press), "The preparation of the budget on the price of a barrel of oil set at $ 90 without a maneuver could lead to a shock for Iraq," adding that " any decline in the global price of oil could lead to balancing the country to big problems. "

Helen called to "reduce the price of a barrel of oil Evaluator to adopt the budget well," noting that "any surplus or a rise in prices from which to build other projects and it will help that there will be savings."

The Council of Ministers approved, on the fifth of November 2012, the budget year 2013 worth 138 trillion Iraqi dinars and adopted the budget on oil exports from Iraq on the basis of 90 dollars as the price per barrel.

The Altakmaimina value (76.5) dollars a barrel in the budget year 2011, which amounted to $ 86 billion, while it increased to (85) dollars a barrel in the budget year 2012, which amounted to more than $ 89 billion.

Helen announced that "the International Monetary Fund will enter into negotiations with the government, the end of this month and we will discuss these issues."

Helen added that "one of the problems suffered by Iraq is how to spend the budget that has," adding that "the real rate of spending we find very low compared to what is made of money."

The adoption of the general budget of the Iraqi state since the first session of the Iraqi Council of Representatives (2006, 2010) and the current session of the toughest issues facing the political blocs in each year. And result in delayed approval to the non-implementation of many projects in the provinces and mostly stopped after starting because of routine procedures in force in the disbursement of funds to the provinces.

It is also non-delivery of the final accounts annually to the House of Representatives prior to approving the budget of the most important indicators by some economists that there is no transparency and clear from the Iraqi government in the detection of disbursed during the fiscal year, and despite the government's assertion to send the final accounts for the year 2012, the Committee Finance informed the presidency of the parliament refusing to hand over any accounts are not approved by the Office of Financial Supervision.

And passes the budget law after pleading parliament several stages before converting allocations to the provinces and disbursement of funds to ministries take until the end of April every year, to spend money and then you need the provinces to a month to advertise their projects for a month, which means that the loss of five months, which leads in the end up to delay the implementation of projects Aluadrh within budget to reach only 20%, compounded by the low percentage inexperience provinces in planning and implementation, corruption and commissions to refer projects.

For his part, acknowledged the Iraqi Planning Minister Ali Shukri at the same press conference that "Iraq's budget for 2013 by 93% dependent on oil and the government is aware of the danger this issue."

Shukri stressed that "the government also believes that $ 90 a barrel is too high and any drop may come the big problem for Iraq," adding, "But today no alternative but to determine the price to $ 90 to go to provide the necessary funds for the budget."

And facing the adoption of Iraq's budget for 2013, many obstacles and large While failed when parliament at its yesterday Saturday, 02.23.2013 adopting or returned to the Council of Ministers to modify the Prime Minister Nuri al-Maliki expressed his concern at the boards central and southern governorates, held in Basra that cause political problems that the country is going through not to approve the budget.

It is noteworthy that political sources and other parliamentary, attributed the mismatch on the draft budget, to raise political blocs its demands, insisting the coalition of state law on the Set Session certain local governments and reduce the share of the Kurdistan region, while insisting the Kurdistan Alliance to increase allocations Peshmerga and maintain the ratio Territory of the budget amounting to 17 percent, as well as the allocation of funds for the oil companies operating in the region.

Also requires the Iraqi List, the census and non-interference central government in the affairs of local governments before agreeing on the budget, as well as increasing the price of a barrel of oil to neighboring countries, which is now $ 50, and insists Sadrist implementation rate of 25 percent of the surplus oil sales and distribution to citizens with Adoption of the pension law, while calling for mass citizen approval of a grant of university students and increase social welfare grant and made 250 thousand dinars as a condition for voting on the budget.

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