Economist: proposals to reduce the budget deficit by the International Monetary Fund

14/01/2015 01:24

BAGHDAD / .. revealed economist peace Sumaisem, Wednesday, that the proposals made ​​to reduce the deficit in the federal budget bore the hallmarks of the International Monetary Fund, noting that the economic decision-makers in Iraq responsive with the International Monetary Policy.

Sumaisem said in an interview told, / Source News /, that some of the proposals to address the deficit in Almozazna bearing bearing the commandments of the International Monetary Fund will be applied, including the tax issue and the removal of subsidies on petroleum products, "pointing out that" the IMF when it gives a sign for the growth rate for Iraq and gesture improvement It means that he encourages proceed in this political. "

She drew expert "We hope to see a change in the presidency and trends of independent bodies in the economic field, especially economic bodies Finance Authority and the National Alastmthar," indicating that "so far, the central bank is still acting and it awaited signs and financial control of the 2004 body far without censorship did not issue a decree appointing as its head. "

The International Monetary Fund forecast in a report released on Tuesday the recovery of Iraq's economy in the next year to achieve a growth rate of 2%.

According to the report, the Iraqi economy is expected to shrink to him this year by 0.5% due to resulting from the war against al-Islamic state "Daash," which occupied the economic effects of a large part of the land of Iraq.

The Fund is likely to deteriorate in his report that growth in non-oil sector in Iraq since the conflict began with "Daash" because of the destruction of infrastructure and the disruption of trade agenda.

It is noteworthy that Iraq will depend 95% on oil in the annual general budget, and preliminary estimates indicate that the next year's budget is about $ 100 billion based on a price of $ 70 a Bermal.


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