Eight parliamentary proposals to contain the economic crisis in Iraq

by **claud39** Sat Jun 27, 2020 12:33 pm

Eight parliamentary proposals to contain the economic crisis in Iraq

2020/06/27

Eight parliamentary proposals to contain the economic crisis in Iraq Oil

Shafak News / Member of the Parliamentary Committee on Economy and Investment, MP Mazen Al-Fili, presented, on Saturday, a number of proposals to the government to confront the economic crisis, stressing the need to accelerate economic reforms and maximize the numerous non-oil revenues.

Al-Fili called in a statement received to Shafaq News, to "review the licensing rounds of oil," explaining that "the reports of the Finance Committee indicated that the dues of those companies for the next six months are five billion dollars, while revenue expected to be collected from the production and export of Iraqi oil for the same period is eighteen billion dollars." And, this means that about a third of oil revenues are paid to licensing round companies, while data indicate that more than half of oil production is done through national efforts.

He added that "the Financial Committee indicated that the allocations expected to be disbursed within the Chinese agreement are close to two billion dollars for the next six months, and the important question is what projects, facilities and services will be provided in exchange for these amounts, and do the health conditions in the world allow the activation of this agreement in the Corona pandemic and the restrictions of movement and economic activity in general" .

"Does this agreement represent a pressing priority with changing challenges, health and financial necessities, and low oil prices, and then are there no more important and priority resources for such sums?" Al-Fili asked.

He demanded "the collection of taxes and dues of mobile phone licenses, of which the lost and wasted are estimated at more than ten times the amount actually collected, which are billions of dollars, and a review of the huge salaries of the retirement of presidents, ministers, representatives, special grades and the salaries of their continuing counterparts in service."

Al-Fili stressed "the operation of the general factories of the Ministry of Industry, which are many, and their operation can provide new revenue and save expenses spent in import and create job opportunities for young people," calling for "an investigation into the fate of revenue resulting from the sale of local oil derivatives, especially since what the local refineries receive is more than six hundred thousand Barrels per day. "

He stressed "the necessity of controlling border crossings, adopting firm mechanisms and honest and brave management to ensure that their revenues are fully collected. What can be collected is not less than ten billion dollars while what is actually obtained from them does not exceed one billion dollars annually."

He called for "reviewing the currency auction, as a study based on the official data of the Central Bank website showed that the difference between the market price and the auction price is spent to sell the dollar for the past years, which amounted to more than fourteen billion dollars (14 billion dollars) and this difference assumes that it covers the movement of private sector imports But the reality indicates that the receipts of mock imports are unrealistic and do not demonstrate the use of these sums (in dollars) to move and revitalize the private sector and create job opportunities for unemployed youth.

He continued, "Even more of this money went to the powerful whales of corruption in Iraq, and Parliament formed in 2011 or 2012 a parliamentary committee to follow the truth of the fate of what is sold in the currency auction.

https://shafaaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%AB%D9%85%D8%A7%D9%86%D9%8A%D8%A9-%D9%85%D9%82%D8%AA%D8%B1%D8%AD%D8%A7%D8%AA-%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9-%D9%84%D8%A7%D8%AD%D8%AA%D9%88%D8%A7%D8%A1-%D8%A3%D8%B2%D9%85%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9/