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Economists: fixes Abadi provided 27 trillion dinars for the State

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Economists: fixes Abadi provided 27 trillion dinars for the State

Written by journal
Date: October 05, 2016
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Baghdad Journal News


The head of the Government's financial adviser said the appearance of Mohamed Saleh, Prime Minister Haidar Al-Abbadi reforms the State provided about 27 trillion dinars.

Since the Prime Minister took the popular protests in 2015 a series of decisions that led to the cancellation of a number of ministries, senior and merging some ministries.

He said in an exclusive interview for (Journal News), that "there are cuts in the budget for the year 2015 approximately 35% of that budget spending ceiling of about 90 trillion dinars", stating that "the target as you want reform document is to create a small numerically strong oversight and governance and partnerships with citizens and the private sector and the market in the future."

"Saving figure of reducing expenditure by about 27 trillion dinars by the Exchange Control Act," adding that "the success of the Government's financial policy Abadi or fiscal adjustment despite the financial constraints and the war against terrorism."

He continued that "valid interlocutor Abadi reforms of State-building and no Government in future undone."

Prime Minister Haider Abadi said yesterday, "next year's budget deficit of 32 to 15 trillion dinars", stating "we have a plan with global financial institutions to cover the necessary expenses," attributing the cause of an oil crisis continued prospects until 2020."

Abadi added that "a large electricity wastage, and must continue to refer the provision to the private sector," pointing to the "Ministry of electricity produced, transported and distributed working to collect energy at the moment and therefore must be transferred to the private sector".

Economic researcher said Ammar Al-rabeei (Journal News), that "reforms in the economic sphere Abadi need more time to achieve them to reflect positively on the country", noting that the previous policy of Governments was based on phony staffing to reduce unemployment without activating productive sectors such as agriculture, industry, tourism and services that reflected on the GDP. "

The private sector did not take its real role in the past period and the present Government to grant him the facilities in order to function properly, especially after the successful experience through participation in the electricity sector and equipping citizens 24 hours. "

He noted that "the first senior abolish Abadi extra positions in the country as well as the ministries which formed to satisfy the parties and this first step will save the State billions of dinars, especially that the country is suffocating financial crisis live by falling oil prices and increased expenses due to the war with a terrorist organization."

He said "reforms in the customs tariff law did Abadi holidays since 2003 detriment too heavily with Iraqi industry and led to scores of factories, stopped deporting hundreds of workers", stressing that "this law will lead to the activation of industry and thus alleviate unemployment and poverty which arrived very scary numbers.

While economic information centre manager, said Ehab Mohamed Ali (Journal News), to "reduce spending came because the investment budget and reducing the budget of deputations and student incidentals and spending policies remained uncontrolled," Noting that "fix ink on paper and not create or modify any wrong policies."

"The operational budget impose investment due to circumstances of the country and could not be considered damaged the country because it is the only solution in the absence of reform."

He noted that "taxes on citizen and raise water and electricity rates austerity measures and reform is dependent on finding resources deducted from citizen without accompanied by the development of its resources", pointing out that

"this is not deprived of resources resulting from the development so she doesn't fall under reform".

Economists said that the country's war affected economy to fierce war against terrorism since 2014 and led to the triumph of ISIS to organize security forces especially after the liberation of Anbar and Salaheddin, Babil and Diyala and parts of Nineveh and Baghdad, the Iraqi Government estimated the financial losses caused by the control regulation "ISIS" in Iraq, with 35 billion dollars, except human losses.

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