This Piece is a "WHAT IF"

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Is Iraq will announce bankruptcy this year?
18/01/2015 09:34

Ayad heavenly

Follow-ups daily world oil prices through the site (Oil Price Net) and delivered by oil expert Professor Hamza Jeweler through electronic media, suggest that oil prices curve is still a further deterioration in prices, as there are no signs of a definite that the price of oil tends to stabilize soon, it is declining to below $ 40 a barrel for Brent and this means that the Iraqi oil will be sold at a price close to US $ 30 if not less than that, and in any case any rate to the price of oil will be adopted by more than $ 40 per barrel in the budget law public, it will be a deliberate crime against Iraq as a state and as a people, of course, I excluded Kurdistan because of Kurdistan, in fact, a separate state for the same, which is the sole beneficiary of the adoption of the present decision price and $ 60, and this new reality means that Iraqi oil revenues for this year will be more from $ 40 billion at best, and if we add to other sources of income taxes and other, it means that the total public revenues for this year will not be more than $ 50 billion, this is the new reality, which should be dealt with and which should be built and operational investment budget in light of .

If the government done to deal with these revenues properly, the disaster is inevitable, and I mean the disaster Iraqi treasury bankruptcy, it is unfortunate that the majority of the deputies of the Iraqi people are not aware of the danger to them and their state and their people who elected them, vast grandeur of them steeped deep sleep and does not know what is going on around him, and even those who appear in the media to talk about the budget, do not differentiate between fast action to avoid the effects of the sharp drop in oil prices and the long-term goal of diversifying the national income from industry, agriculture and tourism sources procedures, so that some philosophers of them who go out on the channels TV and urges the government of the need to diversify sources of national income imagine that these claims will return the money to the treasury Maddoh days after, he improved to deal with this new reality, which I meant in my words, which are supposed to be work done by the government, needs to be effective and swift action include:

First, turn off all benefits and allowances and incidentals four presidencies, ministers, MPs and those with special grades.

Second: Stop armies protections Phantom of the ministers and MPs and senior officials in the Iraqi state.

Thirdly: Stop the armies of ghost consultants who charge astronomical salaries and privileges without work.

Fourth: The revision of the salaries of retirees and exclude them imaginary.

Fifth: the exclusion of ghost employees affiliated with the names of the owners of state institutions who are residing outside the country.

VI: Rethinking the salaries of martyrs and political prisoners and to exclude them imaginary.

Seventh: Stop all Alaivadat inside and outside Iraq, but necessary ones, which relate to the interests of the country and the national economy.

Eighth: Turn off all financial allocations for the automotive, furniture all ministries and state institutions and senior officials.

IX: Turn off all non-essential projects that are not included in the infrastructure of the national economy, health and education services and the municipal building.

Tenth: the restoration of all state properties that were sold after 2003 in ways that predatory and illegal.

The application of these procedures quickly help the government inevitably reduce operational expenses irrational and will contribute to reducing the financial and administrative corruption and massive infusion of funds and resources will enable the government to control public money and learn aspects specifically spending, and that these actions the government will be forced to think seriously about diversifying the sources of national income and focus on the industry and agriculture and tourism underlying resources of income and transform the national economy from a single side depends on oil, to a diversified economy of oil revenues be part of it and not the bulk as they are now accounting for nearly 95% of the total public revenues, in the case of the survival of the situation for what it is without really care about what is coming, it will definitely lead to the bankruptcy of the Iraqi treasury through two or three months.


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