The IMF loan is subject to “the deduction of staff allocations and the elimination of subsidies for ration”


 

New residential project on the side of a road Mohammad Qasim rapid east of the capital Baghdad Imaging (Mahmoud Raouf)

 

Author: MK, NS
Editor: NS
06/01/2016 16:02
Number of Views: 40

 

Long-Presse / Baghdad

, The Commission on the parliamentary economy and investment, said Wednesday that the International Monetary Fund granted a loan to Iraq is subject to “the deduction of staff allocations and the elimination of subsidies for ration card”, as pointed out that these measures from the government the authority does not need to be approved by parliament.

The committee member said Zaher al-Abadi, said in an interview to the (long-Presse), said that “there are certain standards and conditions Iraq must be applied to grant loans by the International Monetary Fund,” noting that “among those conditions impose income tax and the abolition of some allowances granted to employees Kalzojih and children on the grounds that these excessive amounts deducted and the availability of money. “

He said al-Abadi, that “among the conditions is also the elimination of subsidies for ration card and some hydrocarbons,” asserting that “all of these actions are from the government the power and do not require parliamentary approval, and if this matter came to parliament and ask his opinion would be our position.”

It was the financial advisor to the Prime Minister and the appearance of Mohammed Saleh revealed, in (27 May 2016), that the amount of “international financial umbrella” will get Iraq estimated at approximately $ 20 billion, as called for economic and investment commission in parliament to focus on the extent of the actual need of loans and how to spend to strengthen the national economy, he demanded an economist statement difference between Karza Monetary Fund and the World Bank for international public opinion.

He was the financial advisor to the prime minister, he said in (24 May 2016), that the priority regardless IMF loan will cover the deficit assignments displaced people and social welfare and the ration card, and set up projects limit unemployment, denying almost categorically any intention to cut marital allowances, while promised parliamentary Finance Committee, that the loan is “a good step” to help Iraq out of the financial crisis and the rationalization of expenditures, calling on the government to bring next year’s budget in 2017 to the Fund in accordance with the standards.

He was the financial advisor to the prime minister, it was revealed, in (19 May 2016), for the approval of the International Monetary Fund to lend to Iraq was conditional on a reduction of the general budget of about 13 trillion dinars and the placement allocations expenses “senior staff” to settle the dues of oil companies income tax, noting that the Bank has also stipulated the exception of the armed forces and junior staff of the income tax provisions, while stressed that the loan will open the door for loans from industrialized nations worth more than $ 15 billion.

The Finance Minister Hoshyar Zebari announced that, in the (19 May 2016), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, while the loan will allow securing additional financial assistance to reach about $ 15 billion over three years next, Governor of the Central Bank of Iraq, on the Keywords confirmed that the annual interest of the loan up to 1.5 percent.

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