Austerity targets 39 trillion belong deputations and furniture .. and negotiate with the oil giants to postpone their dues

01/12/2015 19:33



Long-Presse / Baghdad

Finance Committee revealed in the House of Representatives for submitting a proposal to the government to postpone the financial dues of the oil giants, amounting to $ 27 billion due to the economic crisis that hit the country, following the drop in oil prices to $ 40 a barrel, pointing out that the reduction procedures followed will provide us with funds estimated 5-trillion dinars, and it is targeting about 39 trillion dollars dedicated to collectibles circles and buy furniture and deputations.

In what it said was merely allocate (5) thousand degrees and careers to the Ministry of Interior and (4) thousand to the Ministry of Defense, in a large reduction of security for appointments that are no longer possible, confirmed that the size of the budget will be 120 trillion dinars after an austerity operations, which affected all the joints State.

The Finance Committee has revealed implement austerity measures include reducing the investment budgets of all ministries and by up to 30%, and the austerity operations written off nearly 26 thousand degrees and careers of the share of the defense and interior ministries, which will provide funds estimated at half a billion dollars a month.

He says committee member Jabbar Abdul Khaliq in an interview for the "long" that all the political blocs submitted proposals and observations in the House of Representatives hearing on the draft federal budget for the year 2015 Act to the Finance Committee, notably the call for increased provincial funding allocations and the displaced. "

Abdul Khaliq and suggests that "the Finance Committee will begin Tuesday to make cuts and amendments to the draft budget law, without prejudice to the salaries of staff and the ration card items and provisions for the Ministry of Health," pointing out that the reduction, which will be introduced on the budget will be limited to current expenditures only. "

It notes that "the current expenditures include grades and goods and service that are related to furniture, fixtures and equipment and deputations and maintenance, collectibles ministries and institutions of the state offices," noting that the size of these expenditures in the budget of up to approximately 39 trillion dinars, working to reduce. "

Attention MP for the coalition of state law that "the Finance Committee hosted a representative of the Ministry of Interior and heard about his ministry need actual functional degrees, which will reduce to approximately 5 thousand degrees only because of falling oil prices."

He adds that "there is a tendency to write off more than 16 thousand degrees and careers of the share of the Ministry of Defence and to maintain (4) thousand degrees only, which will include the seventh and eighth grades of the graduating officers of the military colleges," adding that the matter will be discussed in detail with a representative of the Ministry of Defense Inside the Finance Committee. "

He continues that "the parliamentary Finance submitted a proposal to the government to postpone the payment of installments of international oil companies, which are estimated at 14 trillion dinars and late 2014," adding that the volume of receivables oil companies operating in the service contracts that are owed by the government of up to approximately $ 27 billion "Where other added benefits of 2013.

He continues, "The government will authorize the oil minister to negotiate with the international oil companies in order to postpone the payment of dues because of lower oil prices as well as authorize the Minister of Finance to borrow 12 billion dollars to pay for part of their dues," or presented in the form of treasury bonds.




In turn, the other member of the Finance Committee Faleh force asserts that "the oil companies dues owed by the government and the two ex-estimated twenty seven billion five hundred million dollars payable in 2015 budget."

He adds sarees in a statement to the "long" that the investment budget for the current year has allocated $ 14 billion to these companies at the same time the general budget of the powers granted to the Minister of Finance to issue $ 12 billion in bonds as collateral to meet the dues of these companies. "

The Parliamentary Economic Commission, has revealed earlier in the government went to pay off the debts of foreign oil companies through external borrowing by issuing treasury bonds worth $ 12 billion. With that said, the budget deficit rose to 43 trillion dinars due to the continued decline in oil prices, the government called for a postponement of the payment of foreign loans worth 3.733 trillion dinars.

MP for the mass of citizens and asserts that "the Finance Committee, heading toward the reduction will reach 5 trillion dinars, which includes ministries unnecessary expenses," noting that the size of the budget will be after these transfers and cuts about 120 trillion dinars. "


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