***** Zebari reveals «morning»: procedures to maximize the state's resources from non-oil sources

2/11/2014 0:00

BAGHDAD - morning
Finance Minister Hoshyar Zebari revealed yesterday, for his ministry to examine some of the measures aimed at maximizing the financial resources of the state in the near future and in accordance with the necessary legislation, which would be endorsed by Parliament for this purpose. 


Zebari said in a statement the "morning": that "the ministry is waiting for the House legislation, laws and regulations to maximize the financial resources in the country and find other economic resources will complement the general budget is oil, which is a source approved by the president fully in the preparation of the state budget for the past the past decade.


"He added," The competent ministerial committee of financial and economic affairs discussed fiscal policy in the country and provided insights into the Council of Ministers on this issue, where he was reviewing a number of ideas and practical suggestions to overcome the current crisis ".



This government measures came against the backdrop of the large decline State financial hit returns, due to lower dramatically in world oil prices, as well as on the domestic production of crude oil because of the volume of material security and emergency conditions. 


He explained Zebari, said the ministerial committee mentioned a meeting in which he stressed the need to "reduce non-core expenditures in ministries and state bodies allocations and pressure on spending as much as possible to avoid the aggravation of the financial crisis and low liquidity," he said, adding that the meeting discussed a number of options available to the government to finance the deficit of sources available during the remainder of the current fiscal year period.


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