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Parliamentary power: government commitment recommendations of the International Monetary Fund

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Parliamentary power: government commitment recommendations of the International Monetary Fund

Published on Saturday, 03 October / 2 November 2012 14:54 | Written by: hassan-20 | | | Views: 12
BAGHDAD / With: The Commission on oil and energy parliamentary commitment to the recommendations of the International Monetary Fund, which depends on the style of economic shock, but in turn bring huge revenues to the government.
A member of the Commission on oil and energy parliamentary Qassim Mohammed Mchkta in an interview with the correspondent of the news agency the future Saturday that "Iraq needs to take courageous decisions, given that resources sufficient for all the people," adding that "the Iraqi budgets usually sort and acted and produced a deficit of Mali, in the last year Iraq had a deficit of 15 billion dinars, and this year will reach 18 billion dinars. "
He explained that the deficit is filled by borrowing from the International Monetary Fund and benefit from the support of the other hand to be adhering to the standards imposed by the Fund and the economic conditions they want and should be adapted to Iraq with these conditions imposed for the benefit of the International Monetary Fund.
He Mchkta that the reason behind the lack of commitment to Iraq recommendations Fund due to the chaos rampant and financial and administrative corruption especially since there is a need to raise a large part of the support for oil derivatives at least during the remaining years of the time the current government but what prevented it is the political crisis and corruption.
The International Monetary Fund (IMF) warned the government increase the operating budget year after year and threatened to raise support for the budget if it does not reduce the operating budget next year, and non-compliance with its observations and instructions.

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