Experts warn of economic paralysis as a result of the crisis in Kurdistan and Baghdad contend with: the provincial government has alternative solutions

02/28/2014 15:33



Long-Presse / Sulaymaniyah

Economists warned in the Kurdistan region, on Friday, of getting paralysis economist in cities across the province in the event of continuing financial crisis, and with Benoit that there are solutions that can be for the provincial government to resort to it if things continue unchanged between Baghdad and Erbil, they stressed the need for a thoughtful planning by the Government Kurdistan to cope with financial crises.

The economist said Mohammed Said Professor of Economics at the University of Sulaymaniyah in an interview with the (long-Presse), "Certainly there is a possibility of financial with the Government of the region for the existence of revenues obtained in previous periods, but did not announce clearly and explicitly until now that there was efficient financial or not to pay the salaries of employees and citizens stroll things and just announced is that the provincial government could pay salaries for two months only. "

Saeed added that "the region and since 2003, based on revenues that come from the central government, a proportion of 17% and this has made the region depends almost completely, about 95% of this quota and through what has been announced, the provincial government will not be able to conduct its affairs, but in the case of the export of oil through the pipeline, which was created by agreement between the provincial government and the Turkish government. "

He said economic expert that "the export of oil through this pipeline in front of many obstacles, because the constitution does not allow the export of Iraqi oil only through the Company (SOMO) and this will make a big problems between the Governments of the center and the region."

He warned happy "get a bigger crisis than the current crisis in the event of continuing lack of liquidity and delay the payment of salaries of employees in the region," noting that we are afraid of getting paralysis in the economy, the generality of the cities of the province and turn Sahwa staff strike to prevail in official circles and the government in the case did not reveal government thoughtful planning for the region to address the crisis. "

For his part, professor of economics at the University of Sulaymaniyah Khaled able to talk to the (long-Presse), "according to our expectations, the provincial government has a real possibility for the payment of staff salaries and stroll financial matters because of the financial surpluses that usually occur in government budgets over the past years and Ptoukaa the Government This is no longer the province of surpluses to the central government. "

He is capable of "In the case of error these expectations, the front of the provincial government another solution to address this crisis through a claim by investors and traders in the region for their likelihood to provide the employees' salaries through be placed exaggerated, especially in government banks without getting financial benefits to Mbalghm."

He is capable of that, "despite all the solutions available to the provincial government for the treatment of the financial crisis taking place in the region, but it helped show the imbalance in the fiscal policy pursued because the provincial government or any other government in the world must have been to have private accounts and financial reserves resort to it if exposed to financial crises and have a treatment to resolve the crisis for a certain period. "

He is capable of, "We did not find these accounts in the financial and economic policies of the Government of the province and this is what marks a clear flaw in the current economic policies."

The location of the bass news Kurdi has posted on Thursday, a news story about the San source from the provincial government did not announce the name that the provincial government User can pay all the salaries of the staff of the region and for the full year and that the provincial government has the financial efficiency to withstand the allocations of the employees' salaries but they do not want to expose the competencies of Finance of the Government Center .

The description of the Kurdistan Alliance, on Wednesday, preventing the salaries of the staff of the Kurdistan region by Prime Minister Nuri al-Maliki as "political and unjust", while calling for religious leaders to "intervene to lift oppression and injustice" for the Kurds in the Kurdistan region.

The head of the Kurdistan region, Massoud Barzani attacked Tuesday, (February 25, 2014), the Iraqi government to cut the salaries of the staff of the region, has promised that the move was a "declaration of war on the people of Kurdistan," and among the region "did not take one step outside the framework of the constitution," the subject of oil , stressed that "there is no problem with the Kurds and Shiites problem with the wrong policies for those who rule Baghdad."

He criticized the Kurdistan Alliance, on Tuesday, (February 25, 2014), "political decision and wrong" for the federal government to cut the salaries of the staff of the Kurdistan region, and promise as a "violation of the constitution and set a dangerous precedent for the democratic system", and while alerted bloc united that the decision "will feel the Kurdish citizen that he does not belong to Iraq, "warned Liberal bloc of" cutting the salaries of all employees of Iraq, "in the absence of the adoption of the federal budget.

The parliamentary Finance Committee promised, the first on Monday, (February 24, 2014), that the assets of the Development Fund for Iraq, DFI current amounting to six billion dollars just is not enough to pay the salaries of the staff for the next month, and suggested that the government will have to borrow from the central bank to pay employees' salaries for next March .

The deputy from the Kurdistan Alliance revealed, on Sunday, (February 23, 2014), the presence of the paragraphs of "punitive" in the budget of 2014 contributed to delay approval, denied that the delay because of the Kurdistan Alliance, and among the Financial Administration Act of the Iraqi state is required, and the Ministry of Finance, regardless salaries the staff of the Kurdistan region, accused the Minister of Finance to waive the Constitution in this regard.

And the voice of the Iraqi cabinet, in (the 15 of January 2014), to approve a bill the federal budget for the Republic of Iraq for the fiscal year 2014, and referred to the House of Representatives based on the provisions of Article (61 / I and item 80 / item II) of the Constitution, taking into account some of the amendments approved by the Council, including the fact that the export of crude oil produced in Kurdistan by SOMO exclusively by multifactorial and approved with the participation of representatives of the province in the pricing committee.

It also provides for adjustments to exclude amounts decades, oil companies, the federal (16 trillion dinars) companies and the region (900 billion dinars) of sovereign expenditure, and re-calculated the share of the region on the basis of 17 percent of the amount of investment firms and be this paragraph permanent, also announced that the parliamentary Finance Committee in ( the thirtieth of September 2013), that the 2014 budget amounting to 174.6 trillion dinars, indicating that the bulk of which was allocated to the energy sector and security.

The total budget for 2013.138 trillion Iraqi dinars, on the basis of calculating the price of a barrel of oil at $ 90, and the amount of export of 2.0009 million barrels a day.

He was the head of the Liberal parliamentary, (formerly) Bahaa al-Araji, said in a press conference on Sunday, said that the government has 75 billion dinars, enough ten days fighting in Anbar against "terrorism and Daash," returned that it means "the lack of salaries for employees ".

The Committees of the parliamentary financial and economic, have called, in (the 12 of February, the current), to deal seriously with the warnings of the International Monetary Fund on increased government spending, and its implications for monetary reserves, while showed the Finance Committee that the government is "threatened with bankruptcy" within four months If you do not pass the budget, saw its counterpart economic, estimates that the budget "did not take" into account the regional and global developments, and it has prepared about "hazy and unclear" and was a "mere allocations", warning of prejudice reserves, Iraq's financial hard currency.

The Iraqi Prime Minister, Nouri al-Maliki, download last Wednesday, (the 19th of February 2014), the House of Representatives and the "parties seeking to thwart the formal status of" responsibility to the late adoption of the law of the financial budget for the current year of 2014, and confirmed that those parties "want the government to fail."

It is noteworthy that the Development Fund for Iraq, DFI form under UN Security Council Resolution 1483 to protect Iraqi funds from international claims and pirated after the events of the year 2003.


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