Zebari: oil revenues during 2015 will be 84 trillion dinars We have directed the ministries to impose taxes on services

Finance Minister Hoshyar Zebari said during a press conference held at the ministry on Monday (December 29, 2014)

Zebari: oil revenues during 2015 will be 84 trillion dinars We have directed the ministries to impose taxes on services


Author: BS, MK 
Editor: BS 12/29/2014 13:53 Number of Views: 157 
 
 
Long-Presse / Baghdad
He favored Finance Minister Hoshyar Zebari, on Monday, that Iraq's oil revenues up during 2015 to 84 trillion Iraqi dinars, and stressed that the projected budget deficit will be covered by the funds retained Treasury and couriers, as explained that the ministry will provide data during the 2015 budget in 2014 include revenue, which reached the state treasury, he pointed out that the ministry has directed ministries to impose taxes on services such as electricity, water and hygiene.

Zebari said at a press conference at the ministry in Bab holy central Baghdad and attended (range Press), said that "the general budget of the Iraqi state for 2015 amounting to 123 trillion dinars and a deficit of 23 trillion dinars," noting that "this deficit came, due to expansion and control organization Daash the industrial and agricultural areas and looted funds, as well as the fall in oil prices. "

Zebari said that "what happened and put us in a difficult situation so we decided to impose taxes on basic sales available, but do not include social welfare and staff salaries average income, fuel and food," asserting that "the proposed tax will be at Kartat shipping for mobile phones and the Internet, cars, tickets, as we send out the ministries imposition of taxes on electricity, water and hygiene. "

Finance Minister explained that "the largest countries rely on taxes, including the neighboring Arab countries, the ministry will begin during the next term to maximize revenue," pointing out that "the ministry will provide a financial statement during the 2015 budget in 2014 to verify the revenue, which reached to the state treasury."

Zebari revealed on "The ministry issued a leaflet with financial stresses to stop the end of the exchange financial year starting from (31 December 2014) and in line with the law of the country," noting that "the exchange will be on the operating expenses at a rate of 1/18."

Zebari said that "the 2015 budget provided for the disbursement of funds ongoing investment projects only and will be oil revenues about 84 trillion dinars based on the sale price of a barrel to $ 60, and the ability to export of three million and 300 thousand barrels, while non-oil revenues will be about 15 trillion dinars for a total of about 99 trillion Iraqi dinars. "

And between Zebari that "operating expenses in the 2015 budget will amount to 80 trillion dinars and investment of about 45 trillion dinars for a total of about 125 trillion dinars, including 2 trillion dinars represents national savings, to be the total amount of the budget about 123 trillion Iraqi dinars," noting that "the cover The budget deficit will be retained by the International Fund for Iraq balances and couriers Treasury issued by the State-owned banks. "

Zebari stressed that "all the ministries included Baltkulais in the budget, including the interior, defense and other security ministries which have been allocated about 22% of the general budget," pointing out that there are arming the Department of Defense with friendly countries decades will be due and payable within the general budget.

The Presidency of the Council of Representatives of Iraq, filed Thursday, to discuss specific financial budget bill for the next special meeting of 2015, the seventh of January of next year, while ending the session saw the first reading of the budget and forwarded to the legal and financial committees.

The Iraqi Council of Representatives held in (25 December 2014), held its own to discuss the financial budget law exceptional next to the year 2015, under the chairmanship of President Saleem al-Jubouri, the brought a half-hour to make way to print the budget law and distributed to the members, to resume later.

He announced the Iraqi Council of Representatives, in, (25 December 2014), the prime minister Haider al-Abadi signed a draft financial budget bill for the next 2015, and sent it to the House of Representatives, as he emphasized that al-Abadi told to vote on it.
He called on Iraqi Parliament Speaker Salim al-Jubouri, in, (23 December 2014), to hold a special session on Thursday (25 December 2014), to discuss the financial budget bill for the next year in 2015, after approval by the Cabinet.

The Iraqi cabinet has approved, in, (23 December 2014), the draft public finance budget bill for the next year in 2015, while decided to allocate it to the House of Representatives for a vote.

He announced the Information Office of the Prime Minister Haider al-Abadi, in, (23 December 2014), the Council of Ministers approved the federal budget for 2015 B123 trillion dinars, and as pointed out that the price speculative oil was about $ 60 a barrel, most likely the House of Representatives held its Concerning the budget after eight days.
The Parliamentary Finance Committee has revealed, in (14 December 2014), about the government's efforts to address the budget deficit because of falling global oil prices through a series of austerity measures that would provide at least $ 13 billion, the Commission predicted that the government resorted to dispose of 50 percent of the Rafidain and Rasheed reserves, as well as borrowing from the balance of the commercial bank and fund minors, as the Commission suggested that includes austerity "luxury expenses sovereign" which said it accounts for 10 percent of the country's budget.


It is noteworthy that the Prime Minister, Haider al-Abadi, revealed in (the twentieth of October 2014), during a press conference following a meeting with religious Shiite, Ali al-Sistani, in Najaf, and attended, (long-Presse), to discuss the Council of Ministers on the balance three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the budget in 2015, will be based on the 2014 current budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, that's the Cabinet decided austerity.
 

Looks to me like they are really trying, but still have problems and issues to contend with, along with completion of the budget-Thankyou, Ponee, Great article-

"what happened and put us in a difficult situation so we decided to impose taxes on basic sales available, but do not include social welfare and staff salaries average income, fuel and food," asserting that "the proposed tax will be at Kartat shipping for mobile phones and the Internet, cars, tickets, as we send out the ministries imposition of taxes on electricity, water and hygiene. "

The basic issue is that the budget was done up with a $60 per barrel oil price and the price has dropped below $60 thereby causing a deficit in projected revenues.

And their grand plan is to tax everything that is purchased to raise money for the national budget.


I ask.....   When was the last time that anyone grew an economy, GDP or individual income by taxing the hell out of what little the people have left?



Not the sign of prosperity if you ask me.