Baghdad discussed 2017 Budget w/ the World Bank

Baghdad discussed the budget in 2017 with the World Bank over the next week

Author: AB, AT
Editor: AB, AT
21/08/2016 16:35


The city of Baghdad

Long-Presse / Baghdad

Revealed Economists, on Sunday, for a meeting of Baghdad with the International Monetary Fund, in the 28th of this month to study the general budget for Iraq in 2017 and the extent of its commitment to the recommendations of the World Bank, as an enemy to those recommendations "are necessary and in the interest of the country," deputy criticized the mass of Warka recommendations World Bank as "may serve the interests of foreign capital."

He said economic expert on behalf of Jamil Antoine in an interview with (long-Presse), "A delegation from the Ministry of Finance and some specialists will hold a meeting with the International Monetary Fund, in the 28th of the current month," noting that "the meeting will include a study of the general budget for Iraq for 2017".

He said Antoine, "The meeting will discuss Iraq's commitment to the recommendations of the World Bank which stipulated to lend to Iraq, which include activation of taxes and curb wastage and activating non-oil resources," adding that "the talks will focus on the price of oil, which will be the budget is calculated according to him, should not be higher of rolling price in the market. "

For his part, economist Majid picture in an interview with (long-Presse), "The World Bank's recommendations are necessary and in the interest of the country as calls to reduce operating expenses and not investment."

The promise of the picture, that "resort to reduce special grades and protections starved general budget spending significant funds."

In turn, he said a member of the House of Representatives on the mass of the Warka Joseph Salioh in an interview (range Press), "The World Bank recommendations and interfering in the work of the government and determine the budget, is a procedure that has been in the interest of foreign capital," and accused the World Bank of "not taking into account the interests of the country." .

It was the financial advisor to the Prime Minister Haider al-Abadi, revealed in the (16 August 2106), from the end of the Ministry of Finance to prepare the 2017 budget, and stressed submitted to the Cabinet for discussion during the month of September, while noting that its value would be about $ 82 billion at a price calculated $ 40 for a barrel of oil.

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The pooroo pundit types will be all over this one. Obviously if the World Bank is discussing the budget with Iraq it is because they are about to approve the RV ,,, or some such horse crap.