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TETELESTAI | 1-800 Numbers

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Monday, August 22, 2016

Iraq: Moves to Reform the Economic System

Moves to reform the economic system

8/21/2016 0:00

BAGHDAD - Muhannad Abdul Wahab

crossed for economic and investment commission in Parliament, on Saturday, expressed its support for any project or proposal aims to increase the staff and the salaries ofretired thoughtfully to coincide with the rise in oil prices, while showed that the increase in revenue supported the economic system in the country.

Crude oil prices above $ 51 per barrel on Friday, hitting the highest level in eight weeks by rising for the seventh straight session amid hopes that the producers agree on measures to support prices. a senior agent for the oil ministry earlier, Fayyad grace, that « the total production of Iraq oil It amounted to 4.7 million barrels per day, while exports amounted to 3.9 million barrels per day , a new record ».

He added blessing in an interview I followed the«morning», that « the figures include all parts of Iraq , including Kurdistan, Kirkuk». Efforts to reform the economic system and a related development , Chairman of theparliamentary Economic Committee Jawad al - Bolani , said that «Iraq is seeking to reform the economic system» , adding that «increase revenue supported the economic system, especially in light of the circumstances experienced by the country during thepast two years ».

Bolani in a statement to« morning »pointed out that« bonds launched by the government for compensation is extremely important process, which will help reduce pressure on the government and to left the pressures faced by the budget. » He added that« the budget heavily indebted and there are approximately 4700 depends on certain financial abundance, which is for roads and health services project », calling for the state to» to take care of infrastructure projects of the country and if introduced new projects will have on the state money and cadres trainer which adds another burden on the budget in addition to the old burdens, so you must all be governed revenue falling to the government for study and planning ».

He Bolani, that« the increase of oil production will provide financial liquidity to complete stalled projects, which is one of the priorities of the government », explaining that «increase employees ' salaries should be subject of study and planning for the stability of the real as an increase for employees and retirees and are planned and based on realistic signs, considering that employees and retirees have rights to the state, so it is necessary to seek the planning and installation ofdevelopments in the production increases process will benefit staff and retirees ».

and that« necessary to focus on increasing investment and facilitating mechanisms, especially as the country is governed investment Law »noting that« increasing financial abundance will provide support for investment and bring global capital to Iraq ». for his part , the researcher affairs strategic Rahim al - Shammari, told the «morning», a realistic view of the general situation of the state, in terms of approving the budget by the government in early, which will help to give ample time for deliberation and amendment with the House of Representatives, in order to start regardless of operational and investment budgets on time, and that will not cause in the confusion of financial transactions in the country. He predicted al - Shammari, said that « the increase in oil prices of recent days, came with the increase in production and export», returned those things b «excellent», to improve the financial situation of the state »,

Msttrda« but the reconstruction of areas affected by the problem of the rest of the terrorism and spending on the armed forces , which isfighting a war two years of major problems since the financial crisis in the country ».support an increase in staff and salaries of retirees , in turn, promised a member of the economic and investment commission parliamentary Nora Albjara, increase oil production to« good step », calling at the same competent authorities time to «a study and planning of a sober and consult experts, technicians and specialists to develop important scientific touches on the increase and that should be in the interest of the country.» she said in astatement to «morning», that « the Commission supports any project or proposal submitted by the government, to increase the staff and the salaries of retirees and thoughtfully planned ».

She Albjara, that« the budget submitted by the government confirmed on ensuring the rights of employees and retirees », noting that« deliberate increase oil production will help the country to overcome the obstacles they face ».

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