An invitation to pressure government expenditures in proportion to and imports
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An invitation to pressure government expenditures in proportion to and imports
Admin Sat Oct 18, 2014 7:37 am
10/18/2014 0:00
BAGHDAD Mustafa al-Hashemi
At a time when Iraq is facing the challenges of fluctuations in world oil prices and their direct impact on the budget is expected next year, there is a need to adopt a number of measures to minimize these effects on the economy of the country to ensure the continued development plans established through the adoption of expenditures in the light of the imports in the 2015 budget.
In this context, called the economic academic Dr. Majid Baidhani to reduce government expenditures and compressed strongly commensurate with the situation that the country is going through, along with lower global oil prices.
He added Baidhani told (morning) as long as the Iraq depends on its budget on a single resource (oil revenues), the strength of its economy will depend on world oil prices makes it imperative upon the adoption rate precautionary barrel of oil is always less than the world price in the market to minimize the effects of fluctuations in oil prices in the world on the budget.
At a time when there is an expert that the prices of raw suit what is passing through the world economy and prices approaching stability rather than decline, said Baidhani that the price of a barrel precautionary to offset in 2015 should be between $ 60 and $ 70 so as to expectations that the world is witnessing a warm winter this season, which diminishes the demand for fuel in the European countries, which is one of the most important markets for oil in the winter.
Reports indicate the global to continuing delays and slow recovery because of the difficulties faced by the European economy in attempts to reduce the natural rate of unemployment, and the emerging economies such as India, Brazil and Russia in general and China in particular is without ambition to compensate for the slow recovery in the West.
He considered the academic economic importance to proceed from now to the development of the productive sectors to diversify the country's economic and reducing dependence on oil supplier and its continuation pole unite to finance the budget, pointing to the importance of the adoption of the financial resources other than through the promotion of the sector taxation and the application of the foundations of fiscal policy right in proportion to the development of economic efficiencies in order to achieve development .
Show the economic challenges faced by Iraq and clear, especially after the decline in the price of a barrel of oil last week, and comes at a time when Iraq needs all the money they can get to enhance the ability to cope with the risks of price fluctuations and the sustainability of its economy.
Baidhani predicted that Iraq is witnessing conditions unsuitable especially after the IMF issued a report on Iraq's economy for the next year calling for reductions in public sector expenditures in 2015, and especially that the government may have to run budget deficits.
http://www.alsabaah.iq/ArticleShow.aspx?ID=79368
To lessen the effects of lower oil prices on the global budget 2015
BAGHDAD Mustafa al-Hashemi
At a time when Iraq is facing the challenges of fluctuations in world oil prices and their direct impact on the budget is expected next year, there is a need to adopt a number of measures to minimize these effects on the economy of the country to ensure the continued development plans established through the adoption of expenditures in the light of the imports in the 2015 budget.
In this context, called the economic academic Dr. Majid Baidhani to reduce government expenditures and compressed strongly commensurate with the situation that the country is going through, along with lower global oil prices.
He added Baidhani told (morning) as long as the Iraq depends on its budget on a single resource (oil revenues), the strength of its economy will depend on world oil prices makes it imperative upon the adoption rate precautionary barrel of oil is always less than the world price in the market to minimize the effects of fluctuations in oil prices in the world on the budget.
At a time when there is an expert that the prices of raw suit what is passing through the world economy and prices approaching stability rather than decline, said Baidhani that the price of a barrel precautionary to offset in 2015 should be between $ 60 and $ 70 so as to expectations that the world is witnessing a warm winter this season, which diminishes the demand for fuel in the European countries, which is one of the most important markets for oil in the winter.
Reports indicate the global to continuing delays and slow recovery because of the difficulties faced by the European economy in attempts to reduce the natural rate of unemployment, and the emerging economies such as India, Brazil and Russia in general and China in particular is without ambition to compensate for the slow recovery in the West.
He considered the academic economic importance to proceed from now to the development of the productive sectors to diversify the country's economic and reducing dependence on oil supplier and its continuation pole unite to finance the budget, pointing to the importance of the adoption of the financial resources other than through the promotion of the sector taxation and the application of the foundations of fiscal policy right in proportion to the development of economic efficiencies in order to achieve development .
Show the economic challenges faced by Iraq and clear, especially after the decline in the price of a barrel of oil last week, and comes at a time when Iraq needs all the money they can get to enhance the ability to cope with the risks of price fluctuations and the sustainability of its economy.
Baidhani predicted that Iraq is witnessing conditions unsuitable especially after the IMF issued a report on Iraq's economy for the next year calling for reductions in public sector expenditures in 2015, and especially that the government may have to run budget deficits.
http://www.alsabaah.iq/ArticleShow.aspx?ID=79368
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