Iraqi Cabinet meeting headed by Haidar al-Abbadi
Roudao – Erbil
She said in committee the economy in the Iraqi parliament member, said that Baghdad will not face a problem this year, in the provision of employees ‘salaries, because there are other sources apart from the oil revenues, can be built upon to provide the employees’ salaries.
The estimated general budget for Iraq, which was approved in Parliament before the beginning of this year, B105 trillion and 895 million dinars, and the share of the Kurds in which 13 trillion and 76 billion dinars, on the condition that is committed to the Kurdistan region to export 550 000 barrels of oil per day by SOMO.
She explained member Najiba Najib Committee, the network Roudao media that “Iraq depends on oil to provide more than 90% of the budget, based on the sale of oil, $ to 45, and estimate revenue to 83 trillion dinars, and customs revenues by 3 to 5 trillion dinars per month, but a barrel of oil sold for far less than $ 30, and this will make a big difference in revenue, but according to our analysis, the Iraqi government can provide in 2016 the salaries of staff without a problem. “
According to her Najib, it has been allocated 38 Trliuna and 550 billion and 630 million dinars for the salaries of the staff of Iraq, including the Kurdistan Regional staff, in last year’s budget for Iraq, but were distributed Trliuna 32 and 445 billion and 889 million dinars for the staff.
Najib says “in this year allocated 39 Trliuna and 146 billion dinars, and because of the continuing chill between Arbil and Baghdad do not expect to hand over Baghdad province of Kurdistan staff salaries, so you may need, such as last year to nearly 32 Trliuna and 500 billion dinars.”
Now, Iraq’s oil exports rose to 3.2 million barrels per day, says Najib, “If we assume that the price of oil became $ 25, Van Iraq a month will get two billion and 400 million dollars in revenues of oil, and that the total annual revenue of up to 28 billion and 800 million Dۆlar, and the remaining part of this, Iraq can through the sale of bank bonds, bridging the deficit employees’ salaries. “
She added, “Iraq I have other sources to secure the employees’ salaries, and can through the $ 59 billion reserve and 90 tonnes of gold in the central bank, and by borrowing from the International Monetary Fund and the World Bank and the policy display the dollar against the Iraqi dinar in the Central Bank, addressing the financial problems easily, So we can say that in 2016 there are no risks to the salaries of the staff of Iraq. “
But Iraqi Finance Minister, Hoshyar Zebari, said earlier in an interview with Roudao network media, said that if oil prices continued to decline in the current format, the distribution of Iraq can only employees’ salaries to the month of April.
Although the survival of the share of the province of Kurdistan in the Iraqi budget law 17% thanks to the efforts of the Kurds of Representatives, but Najib believes that because of the paragraphs of the items contained in the budget bill, it is better for the Kurdistan Region, oil independently sale without reference to Baghdad.
Najib She continued, “The specified amounts are the amounts estimated, and that the lack of exports and lower oil prices will lead to reducing the share of the Kurdistan Region, and in the second paragraph of the budget law requires that even if the Kurdistan Region issued 550 000 barrels or more a day, he must put the proceeds in the public treasury Iraq, according to the Financial Control report, the Kurdistan Region indebted to Baghdad and must return the money of religion, and that is because of these paragraphs and items it is better for the Kurdistan Region oil independently of the sale without reference to Baghdad. “