View Full Version : Budget approved under the supervision of the International Monetary and can not be re

05-16-2016, 03:13 PM
Parliamentary Finance: Budget approved under the supervision of the International Monetary and can not be reduced5-16-2016
Parliamentary Finance Committee said, the federal budget for the current year 2016 can not be lowered, indicating that the House of Representatives approved the budget in coordination with the International Monetary Fund after the offering.

The International Monetary Fund has told Iraq the need to edit the budget for fiscal 2016 bill to be reduced in order to hopefully disbursement of the loan over the next few days.

He said the Commission's decision Masood Haider told all of Iraq [where] that "the 2016 budget was law legislation which is installed by legislation in Parliament, and can not be reduced, as was the budget to determine in coordination with the International Monetary Fund and World Bank, and against which expressed the Fund's willingness to lend to Iraq 5 billion dollars, and now in Iraq negotiate about it. "
He added that "by reading the budget in a timely manner, approval has been delayed for two weeks in order to negotiate with the International Monetary and have studied the bill and therefore confirmed that they will support in light of Iraq."
He said Haider that "there are certain things many, including taxes and fees collection and encourage the private sector, he said the UN Secretary-General Ban Ki-moon during his speech in the parliament, in addition to the International Monetary conditions are clear and the Iraq stimulate the private sector and provide employment where jobs and reduce the pressure the public sector, and the imposition of collection fees and find other sources of revenue for the state not to rely only on oil. "
The chairman of the parliament blocs and parliamentary committees have called for an urgent meeting on Sunday to take the necessary legislative and legal to ask the International Monetary measures that the "Government Treasury is unable to pay and benefits for the people without access to this loan salaries."
And arrived Finance Minister Hoshyar Zebari, on Saturday, to the Jordanian capital of Amman on the head of a large government delegation "to resume negotiations with the International Monetary Fund in order to conclude the credit readiness will provide Iraq with financial support to enable it to overcome the financial crisis and reduce the gap in the budget so as to promote the reform of the agreement economic and financial system in the country. "
The delegation included the Governor of the Central Bank and the Economic Adviser, Prime Minister and senior ministries of oil and electricity, planning and BSA officials as well as public bodies for Customs, taxes and retirement, experts and the Ministry of Finance and the Central Bank.
According to a ministry statement said, "The first session was held on Saturday morning with the IMF experts were reviewing the technical aspects of the agreement and the obligations of the opposite sides, and that the negotiations will continue until Wednesday, and it is hoped that the termination of these arrangements during this period."