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Hope Full
The Minister of Finance told the newspaper for a new justice on 06/08/2007 on the possibility of raising the prices of new oil derivatives, according to the requirements of the International Monetary Fund and the meeting read as follows : (a great commentary)
The newspaper justice for a rally with Mr. Jabr Al-Zubaydi, Minister of Finance discussed the various topics of Finance and Economy, files economic interest to the Iraqi issue and the challenges facing it confirmed that the financial budget for this year had covered all the needs of the country
From the investment projects, the greatest challenge lies in the implementation rests with the ministries and departments and between the investment law is much more important than the state budget, but this law does not do that the government did not appoint him to head now, As Iraq seeks to ease the conditions of the International Monetary Fund, commensurate with the needs of the Iraqi citizen, however, he emphasized that this endeavor States, the most prominent options to keep the debt burden of the Iraqi economy, the Minister disclosed that the Arab countries do not fall in debt from Iraq except for Saudi Arabia which showed Astaadadaha to topple 80% of Iraq's debt and other such matters were the focus of an interview with the newspaper, Mr. Minister (justice) : ministries, governorates and financial allocations In the question about the extent to which ministries and governorates of financial allocations in the implementation of projects said Minister of Finance : budget bill passed by the parliament Wye Wye seizing any of the Ministry's budget can be implemented 25% of the budget or more, but I regret to say that most provinces have not yet benefited from the 2007 budget as well as remnants 2006 to now and we are now asking them to implement and hope to hear them in a meeting we will hold soon that they were able to implement the 2006 budget either 2007, we have 10% have not benefited from them. - As for the ministries have held meetings with fourteen ministers allocated each minister hour with advanced cadre in his ministry and Advanced cadre in the Ministries and held meetings with the Ministers continuous But I regret what I discovered is that most of the Ministry not implemented 1% of the budget and talked to them frankly and said we will withdraw this funds from each ministry has not implemented 25% of investment funds allocated until June 30, 2007 and at June 30 if it fails to implement 25% of the funds would be withdrawn and given to the provinces and ministries that carried out more than 25% and then give these funds by the budget law passed by the parliament. These pressures motivate those ministries of Labor and O'dona work seriously and are now working day and night. There is a problem in the operating budget that relate to the salaries and bonuses are available to 100%, but the investment budget, which is related to citizens and provide services to the citizens myself was newborn with inspectors general of the ministries to pay their ministries for implementation. Indebtedness for extinguishing debt and said : at the beginning of the sixth month will be a meeting with Saudi officials specifically with the Saudi Minister of Finance in one European state and come to this meeting and hope that the Kingdom of Saudi Arabia, has committed itself to the International Decade in Sharm el-Sheikh to extinguish 65% of the debt and hope to sign the agreement soon. The People's Republic of China expressed her readiness during my meeting with Chinese Ambassador to extinguish 100% of government debt either commercial debt is more than 80% SAYING there is cause for joy at the news of the visit of His Excellency the President and I would be with him on this visit to China to discuss this topic, The problem now is that the Arab side did not open as we opened and the rest of the Arab countries now extinguished debt only Saudi Arabia expressed willingness to extinguish 80 of the debt. Concerning Iraqi assets and Iraqi assets at home and abroad, he said : that Iraq possessed a stock of hard currency in two places : first place in the Central Bank, there are 21 billion dollars and this is called the State General Reserve is given to supporting the Iraqi currency, and today the Iraqi currency is a global currency backed real support behind $ 21 billion in cash from various currencies in addition to large quantities of gold to support the Iraqi dinar reserves that either I second reserve is located to the Iraqi Development Fund, who is in New York this reserve is not a sense of reserve funds but is there benefit from the operation in order to obtain some benefits guaranteed, fixed and when we need to spend in the budget, we spend so we allocate in the budget of 2007, but until now ministries unable to exchange estimated that the amounts invested abroad by 7-8 billion dollars and disclosure would affect negatively on the international. The Iraqi funds in the former regime from abroad, called "the former regime had begun in the first re-Qasr (had), and now all French and Swiss lawyers to follow up the shares on behalf of the lawyer Khalil Dulaimi attorney to defend Saddam and discovered that the palace (was) his name and there is a tremendous amount of millions of dollars in the form of shares in his name in Switzerland Now, the French and Swiss courts consider the case that we have established through foreign lawyers to recover these shares and no other funds do not want to pursue them advertised now but when we get to a result pursuing. Retirement Law and the Law on retirement said : Retirement Act was submitted to the House of Representatives and the House of Representatives passed around him to the presidency, the governing body signed and now published in the Official Gazette is ready to be implemented and no reservations to the law because we have accepted with any decision of the parliament because parliament is obliged to each government. Pledges Iraq and the International Monetary Fund, on the International Monetary Fund and Iraq's commitment to its terms, he said : the International Monetary Fund is our positive because it helped Iraq to extinguish the $ 120 billion of debt and help Iraq to reach 140 billion dollars of debt, then, the International Monetary Fund stood beside Iraq in extinguishing debt which wrote to the Paris Club and the interest of Iraq contrast Monetary Fund international signed an agreement called the SPA and the Convention supporters of the Iraqi government that is the International Monetary Fund and controls submit proposals for the reform of the Iraqi economy, as has global expertise and experts, the Convention was signed by Dr Ali Allawi and ends at the end of this year has specified that the Iraq economic reforms to increase the value of the Iraqi dinar and raise the prices of oil derivatives, and the removal of subsidies on oil derivatives, and other issues such as reform of the banks and the development of the work of government banks and the provision of grants and proposals to provide credit and soft loans to citizens and to expand a network of social protection is the price of all these improvements in the Iraqi economy from the standpoint of the IMF, Iraq has two choices : either bound by the Convention, signed by former Finance Minister Allawi on Iraq must respect its obligations and then extinguished debt and reversing been stopped extinguish debts due amount $ 120 billion on Iraq, a sum that Iraq was unable to pay and must employ balanced each year until the debt is paid off between two and we are now facing an important and dangerous is preparing We, the Ministers of Finance and oil and the Central Bank Governor will meet at the sixth month(june) because the agreement ends months of this year they were preparing to sign a new agreement in the ninth month and would put the government before traveling to the meeting with IMF international this and take the decision because this resolution does not take from the oil minister or finance it is the decision of the government of Iraqi We will stand increases in the prices of oil and gasoline and will support the expansion of the network of social protection and repair of banks and support all the proposals which we believe but we believe that the Iraqi street is unable to with increases in the prices of oil derivatives at the present time, although that Nafi of the Iraqi economy, but that because of inflation and because of the inability of citizens to bear this and will raise this matter may have to accept Ayequblon If not accepted and imposing their conditions we will get back to snorting Iraqi government either sacrifice at 60 billion dollars and the return debt on Iraq and the rest of them because there is 20% of the debt they were parked not even ourselves Ytvuoha Convention Second They Aytalbon anything because it was originally 80%, 60% and Atefauha parked on our commitments, and 20% parked include $ 28 billion of that equation is not easy to take a decision on it all the spe******ts say According to extinguish debt useful to Iraq even if the Iraqis assume some of the increases, controls and we saw how the government was supporting oil derivatives (four billion dollars) this year either are no such specialties There has been no problem except the recent crisis that took place and this caused the security situation is not subject specialties and consequently four billions benefit protection network in Iraq and is working to increase the salaries and the granting of loans to citizens. Peace salaries and staff salaries for Peace said Mr. Finance Minister, a committee was formed by the Council of Ministers chaired by the Minister of Planning and membership of a number of ministers, we will PEACE new salary is quite different from keeping the current salary scales new hope to solve all the problems. Committees Sharm el-Sheikh and on the decisions of the Sharm el-Sheikh and commissions emanating therefrom and method of work, Mr. Minister : there committees consisting of the Deputy Prime Minister and Minister of Finance and Minister of Planning, as well as a number of spe******t committees but these three ministries are contributing to the establishment of three committees and the nature of these committees are technical committees and financial and economic assistance for Iraq's debt and follow either the economic Vsttabaa debt and pledged Initiative and I and my Deputy Secretary-General of the United Nations during the sixth month in a visit to Europe and the States, some of these countries, such as Bulgaria, Poland and Greece remained did not specify its debts and all of this work within the committees. The investment law regarding investment law and the reason behind the non-activated, Mr. Minister : Investment Law did not show much and the law for more than four months and the government further stalled in the appointment of the investment has not been formally appointed provincial awaiting the appointment of this president even begin doing this work because most of the work of the budget because the budget can not provide substantial funds for the provinces comes standard of the work nationwide projects quickly without the need for the State to investment from my viewpoint now even more important than the state budget. The attack on the financial With regard to the assault was subjected to the Finance Ministry said Mr. Minister : The Ministry of Finance is one of the most important ministries, as you know, is the Ministry of ministries aimed always targeted by the attack many times and once rumors and finally entering the ministry and the kidnapping and murder and targeting of this summit live Iraq.