August 26, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) sent economic and investment commission in the House of Representatives, recommendations and proposals to the Prime Minister to address the economic and financial situation in light of the decrease in oil prices and the financial crisis afflicting the country.
And it announced to the economic and investment commission in Parliament, that the collapse of oil prices will lead to a decline in revenue at a time when the government is giving priority to the fight against terrorism and the provision of services for the displaced, which may result in difficulties encountered in the provision of salaries of employees over the next year.
Said committee member Najiba Najib told (IMN) that "the Commission took out her paper's recommendations and proposals submitted to the Presidency of the Council of Ministers to address the economic and financial crisis," indicating that "one of the recommendations to reconsider the tax system, and the emphasis on tax collection, and the necessity of activating the customs revenues, and reduce the operating expenses that can be dispensed with Kalnthreyat and activating investment, and adoption of the salary scale Act, which will provide funds to the Treasury. "
She stressed that "the recommendations stressed the need to develop a strategy for monetary policy and a review by the central bank."
And likely a member of the economic and investment commission in the House of Representatives Najiba Najib, Monday, that the government will face difficulty in providing the employees' salaries over the next year, pointing out that oil prices lead to lower revenues and the government gives priority to the fight against terrorism and the provision of services for the displaced.
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