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Bolani: Dollar Auction Tbesbb Petrackhe productive sectors in the public and private sectors

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Bolani: Dollar Auction Tbesbb Petrackhe productive sectors in the public and private sectors



November 11, 2015

The head of the economic and investment commission parliamentary Jawad al-Bolani said the auction of the currency caused Petrackhe atrophy and productive sectors in the public and private sectors.

Bolani said in a statement seen by Olha agency our economy news that the budget presented to the House of Representatives marred by lack of clarity does not include the figures of imports which will come to the state treasury.
He stressed Bolani on the need that the budget includes figures the size of imports and the target of spending and whether spending will achieve cost-effective and Development economists, calling for ministries and government institutions to «submit monthly or quarterly lists of how to spend their share of the budget to facilitate the work of the legislature in the exercise of its oversight.

Bolani said that the lack of revenue to support the budget with the exception of oil obliging the government to adopt a clear monetary policy because the non-oil revenues slim budget.
He called al-Bolani to reconsider an auction selling the currency because the central bank announced that the size of the sale auction for ten months amounted to $ 37 billion, and wondered about economic and urban development that the country has achieved during this period of time and huge amounts of money that leaked from the bank and whether the construction of hospitals or provide job opportunities have been?

Bolani and saw that the auction sale of the currency caused Petrackhe atrophy and productive sectors in the public and private sectors, pointing out that a quick buck and content for contractors and industrialists could attain best in less than an hour. He called on the President of the Economic Commission to be state employees' salaries in dollars to prevent the smuggling currency out of the country, explaining that this situation will benefit from the auction currency funds about five million employees and avoid the theft and smuggling of $ 12 billion annually.

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