Basra is a budget of three times the budget of Jordan and specialists warn objection IMF

Author: SKM
Editor: BK, BS
29/12/2013 12:56



Long-Presse / Basra

Council stressed Basra, on Sunday, that the budget for the year 2014 next, which amounts to three times that of Jordan, in the amount of 15 trillion dinars, calculates five dollars per barrel of oil, is the largest of its kind on the province (590 km south of Baghdad), returned it requires the use of global consulting firms in order to ensure good spending, while specialists expressed concern about the possibility of intercepting the International Monetary Fund on Iraq's budget for next year of what has caused inflation.

The head of the Oversight Committee and the financial allocations in the Basra Governorate Council, Ahmed al-Sulaiti, said in an interview to the (long-Presse), "The balance of Basra in 2014 next by up to 15 trillion dinars will be presented to the provincial council for a vote before being sent to the federal government," referring to that there is "a proposal to increase to 20 trillion dinars, amounting to more than three times the budget of Jordan."

Sulaiti added, that "the plan has taken into account the province's imports from the petro-dollar program, on the basis of five dollars a barrel as the right to have a fixed", rejecting "any injustice caused to Basra through the abolition of the petro-dollar allocations approved by the recent amendment to the law of the provincial councils."

And the Chairman of the Oversight Committee and the financial allocations in the province of Basra, to the need for "the existence of consulting firms for planning and follow-up implementation of projects under the abundance of funds in order to ensure good spending on strategic matters and the development of the province and improve the betterment of Urban and investment."

For their part, academics, specialists expressed their fear of rejection of the International Monetary Fund for Iraq's budget for next year 2014, amounting to 174 trillion dinars, what might Nspbh of inflation.

The Dean of the Faculty of Management and Economics at the University of Basra, Yousef al-Asadi, said in an interview to the (long-Presse), said that "Iraq's budget for next year, amounting to 174 trillion dinars, is the largest in its history," expressing his fear of "objection IMF by what may result them from inflation. "

He said al-Asadi, that "about 35 percent of the country's budget will be allocated to the investment side, which creates a quantum leap for the advancement of the economy", they returned it necessary to "spend budget funds to correct its facets and projects assigned to them."

And saw Dean of the Faculty of Management and Economics at the University of Basra, that "the budget of Basra, which did not announce details, require optimal investment for the import of petrodollars in the establishment of strategic projects that will maintain the development and advancement of their betterment."

The Parliament votes, in (the 23 of June 2013), the Second Amendment to the Act on the powers of governorates not organized province, which included increasing the amount of petro-dollar, five dollars, and give direct authority of the governor to all agencies charged with the duties of security in the province.

The governor of Basra earlier this month, Majed Nasraoui, vowed after being granted powers to facilitate the entry of foreign investors, giving them a visa to Basra during a period of not more than 24 hours, to activate the investment side in the province.

Basra witnessing implementation of investment projects commercial, industrial and other related to housing, with a desire to work with foreign companies to establish investment projects.


http://translate.google.com/translate?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.ahewar.org/debat/show.art.asp%3Faid%3D371290&sandbox=0&usg=ALkJrhgJnxZ5xg5iwLi004tcU_A5q5Ms4A