Get equal value of the Iraqi dinar to the American dollar and this goal will strive to achieve that
Political first : Zubaidi reveals plans for the operation of tens of thousands of unemployed
A dialogue-Yasser ascendant haven Secretary
Finance Minister told morning Under the draft national reconciliation The Minister of Finance revealed Mr. statement Jabr Al-Zubaydi revealed features of a direct government's economic program visas which would be reflected in the budget of 2007. He said in the first statement after Astizarh press him to the Ministry of Finance : the budget will be the first quality to it that will be under the elected government durable.
The features of the new plan include expansion of the tax base does not increase and the re-evaluation of properties and real estate state and the sale of many of the ministry also intends to support and assist the citizen allocating housing plots him outside the boundaries of the municipalities according to the controls established coordination with the Ministry of Municipalities.
Asked about how to expand the tax base and not up to the citizen, he said : We have a list of big businesses not covered by taxes seek to dominate example, phone companies, which reap billions of dollars annually to a handful of dinars have no value.
Taxes on businesses
wondered why the minister did not impose taxes on these companies in Iraq at the time of revenue for Lebanon from taxes on phone companies worth three billion dollars annually, as well as the case in Egypt, where they are valued at six billion dollars annually from taxes global phone and wondered why he did not follow Iraq the example of these States?
..He added .. We have a long list of companies covered by the tax to obtain funds to support the budget only source of oil sales, explaining that 97% of the budget of Iraq depends on oil and this is not in any global economy, even in the oil-rich Gulf countries, the sources of funding for their budgets multiple manufacturing and other industries and taxes.
..And on the question about the need for Iraq to laws and new legislation to implement this program and plan ..
.Zubaidi said : I think that all of our laws window gives us the power to move the implementation of the ambitious plan that was developed to 2007.
But reform mechanisms required by the agreement with the International Monetary Fund have negative effects on the social level? To this question, the Minister of Finance, the International Monetary Fund seeks as far as possible not be balancing consuming oil money, but our funds to be consumed in Iraq work the investment volume of operating funds because consumption of oil money is exhausting budget and the burden of the citizens, according to the Minister, but felt that the volume of investment funds pay Iraq about development and progress From this standpoint, the policy of the International Monetary refuses to be budget consumers not only have no work investment. True support for the social protection network
.He said : Anna during meetings with the IMF noted that the Fund is supporting the social protection network, which we believe is important to continue supporting and accordingly put in the principles of the policy in 2007 to support and increase real support network for social welfare concerned citizens below the poverty line, pointing out that the close relationship with the International Monetary Fund has enabled us to obtain the debt write-off.
Citizen support
Zubaidi spoke about the reform of the banking sector stressing thought Advance check this sector of loitering and failure in banking operations, pointing to its banks principals urging them to the need for a modern banking clear sophisticated able to support a citizen who is also suffering from poor efficiency of potential material.
He said that the future will activate and develop the performance and activity of the banks in the various sectors of commercial and industrial real estate and demanding a comprehensive study on the development of the Land Bank and the Rafidain Bank support in order to enable citizens to the implementation of projects that need to advances because his salary is not limited fill its needs.
Asked told (morning) as long as I am you, Mr. Minister, acknowledged the limited salaries citizens Zubaidi What is the vision of living in improving the situation of staff?
The minister said that the talk about living standards is emotional and said I can not magically increase staff salaries now eaten by inflation and a budget burden, because any increase in large amounts cause considerable damage to the budget in 2007.
But I was prepared I will move ahead towards supporting the investment funds so as to contribute to creating hundreds of thousands of jobs for armies of the unemployed during 2007.
..He said : We will implement the strong investment plans for the regions, which amounted to two billion dollars and Senzidha next year, I heard I am satisfied that some provinces where more than 30 projects, I think we must create new job opportunities, I am not with the creation of jobs through employment in the State but through the private sector .. And become better wages in the private sector than the public sector.
* ا Understand the context of your trend is toward a free economy and this is the general framework of the economic program of the government?
-Yes, he is also
And at last, he said : I want to solve the problems of staff salaries and I know that there are some staff were subjected to injustice in the career ladder because of the different applications of the ministries of this peace .. The articles outlined (morning) I am with them and I will do my best to unify the peace salaries, but we need time to unite.
Asked about the retirement and worries retirees. Zubaidi said that the retirement of the Transitional National Assembly have already mentioned the Ministry of Finance transition and there are gaps in it. I think that this topic is long overdue and we are awaiting termination His first day started by the Ministry of Finance met with the Directorate General of retirement and asked to expedite the completion of the study and preparation instructions in this regard.
The minister pointed out that the International Monetary Fund raised some issues on the retirement Vpascherna re-examine this law in order to overcome some of the gaps that occurred that caused injustice in some of the staff who provide great services to Iraq and Iraqis.
...He warned that the continued application of this law would constitute a significant burden on the state budget, explaining that the volume of money being spent annually under this law more than two billion dollars annually, and this is what can not be tolerated if we add the budget to three billion dollars for importing oil derivatives and four billion dollars the ration card, so that the total amount to over 10 billion dollars, these funds constitute a financial burden, as I said before and therefore an urgent need to study these things ...This is what our students and the International Monetary Fund agreed to re-examine the pension law to ensure the right of retired and to ensure the right of the State alike.
Iraq's foreign debt
Turning to Mr. Minister of Iraq's foreign debts amounting to 125 billion dollars, pointing to the completion of the write-off 80% of Iraq's debt in relation to the Paris Club debt after deciding the issue of Russia where we negotiate with them, debt relief and unsettled order a reduction in the amount of 13 billion dollars to 800 million dollars.
..He explained that the remaining debt outside of the Paris Club countries and Egypt, China, Turkey and Poland has been assigned Ambassador in Paris to negotiate Debt and the Gulf between Mr. Minister that he had put the matter to the Minister of Finance, Mr. Ibrahim Assaf during a visit to Saudi Arabia Zubaidi was agreed to send a committee at the level of experts to consider the issue of debt.
Zubaidi expected that the Gulf states will Akram sister of Paris Club countries in extinguishing Iraq's debts in full.
Activation of insurance companies
.He called Zubaidi Iraqi press activating its role in creating awareness of insurance and insurance companies to activate all national activities. But the company withdrew from the market because they did not cover the potential major incidents recorded in Iraq and a failure to perform?
..The minister said : trying to activate the role of life insurance companies, money, cars, fire, accidents, Mr. Minister striking example of the fires that traders Alshorgh where believers to money obtained compensation rewarding and which has shown some traders conscious of the importance of insurance .. Therefore, we will support insurance companies and do their role in support of the citizens and the national economy, and insurance cultural phenomenon. Financial support the draft national reconciliation
Asked (morning) on the role of the Ministry of Finance of the State of Prime Minister al-Maliki initiative of national reconciliation?
ق..Jabr statement said Zubaidi Finance Minister .. .I support the initiative launched by His Excellency Prime Minister Brother Maliki my personal belief in the importance of ending bloodshed Iraqi and I wish to rewrite Iraq's unity and people and their land, as Minister of Finance will not spare no effort to support this initiative both in the area of compensation for those affected by the initiative, or any other initiative was a part. يLifting 3 zeroes from the Iraqi dinar Asked morning to write off the debts of Iraq will contribute to the enhancement of the value of the Iraqi dinar?
..The statement said Mr. Zubaidi .. .The value of the Iraqi dinar is related to monetary policy and the political responsibility of the Iraqi Central Bank and the Ministry of Finance responsible for fiscal policy.
..He added, I suggested to Mr. Governor of the Central Bank, Dr. Sinan Shabibi need to raise the value of Iraqi dinar and return to normal by lifting three zeroes him .. Voadeni governor's good for a wider meeting next month to study proposed by the experts in this area of the Iraqi Central Bank, Ministry of Finance and Commercial Bank to the effect that the proponents get equal value of the Iraqi dinar to the American dollar and this goal will strive to achieve that God during the four years of the new government so is the Iraqi dinar healthy tall among other currencies.
He concluded the interview Zubaidi reference to the International Monetary Fund's decision to support the Iraqi dinar remarkable considering that the Central Bank of Iraq financially cover the $ 11 billion to support the value of the Iraqi dinar and the cover is rarely found in the third world.
This morning took two hours from the time the minister and exited impression that the new Iraqi economy will rise to the level of the developed countries if they are successful and support from the government and the parliament, although the gaps Retirement Act remained vague and needed to be clarified more and we will take this in another meeting with Mr. Minister.
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Originally Posted by oldskiier
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