Finance Minister: optimistic attitude of Saudi Arabia and Kuwait on the issue of debt بغداد - الحياة BAGHDAD - Life
". Ruled out the Iraqi Finance Minister Baqir Jabr Zubaidi, the possibility that his country needed loans from the World Bank or the use of its own quota in the IMF to bridge the budget deficit in 2009, and stressed that "Iraq is optimistic about the position of Saudi Arabia and Kuwait on the issue of debt," and seeks to raise the budget annual 200 billion dollars over the next five years. Zubaidi said in an interview with "life" that "Iraq talks with the International Monetary Fund led to the agreements commit the Fund Sandlin support of Iraq and the reform of financial management and technical support to the Ministries of Finance, oil, and the Central Bank."
He pointed out that "Iraq has succeeded over the past years in the implementation of all obligations and agreements with the International Monetary Fund." ". He said that "the recent meeting held last week in the Jordanian capital for the establishment of a new agreement SBA expiration of the term of the first agreement." ". He added that "the agreement to convene a meeting of technical and artistic in July (July), and the convening of another meeting on the sidelines of the World Bank in Istanbul, and the draft agreement and then transferred to the Iraqi government and parliament for approval." ". He said, "most of the contents of the agreement is that there is quota (quota) Bbleon Iraq's estimated 800 million dollars and the International Monetary Fund could take advantage of them when the budget deficit in an interest rate of one percent." ". He said, "This quota will be ready, and Iraq can benefit from them when he felt in need." ". Iraq and the agreement with the Fund on a loan of 5.5 billion dollars, Zubeidi explained that "the amount has not been determined yet, but Iraq if agreement was signed for one year will be about five billion dollars is not a loan but Kota." ياتها". He stressed that "Iraq does not need it or to any loan now because we have good financial and stable, especially for the current year, but we are afraid of the continuing financial crisis and its repercussions." ". He noted that "oil prices rose and went to 65 dollars and has increased Iraq's production, at about one million and 950 thousand barrels per day. And if so, would not need a loan or because Mozanp quota set in 2009 on the basis that the price per barrel of $ 50 per export the amount of two million barrels. " ". He revealed that "the Iraqi Ministry of Finance is considering a supplementary budget in writing and submitted to the Council of Ministers and then to the parliament will begin by making sure that production will reach two million barrels and that prices will rise above the current price."
". Zubeidi detection and rejection of the amount of the supplementary budget, but said it would be "very limited". 9 budget and details of their calculation, the Minister of Finance that "the operational budget of up to more than 42 billion dollars, including salaries of employees and retirees of the State of Iraq, who number 4.5 million people, including a million and a quarter of a million are covered by a network of social welfare, as well as three billion earmarked for the ration card and balance security and armament expenditures and the state. " ". He pointed out that "16 billion dollars is the amount of funds allocated to investment and divided into 3 billion earmarked for the provinces and 13 billion earmarked for the ministries." ". Zubaidi said he was "instructed to cut the salaries of the three presidencies (the President of the Republic, ministers and parliament) by 20 percent and the salaries of ministers and scores of the special rate of 10 percent," he said, pointing out that "the Ministry of Commerce under the budget law to withhold the ration card for each person over income monthly and a half million dinars. "
". Zubeidi revealed that there is good "to the opening of branches of major international banks such as Jay P Morgan and Citibank in Iraq because we need the banks able to finance the construction of the citizen housing units, and is able to revitalize the agriculture and industry because the banks and the government alone is not capable of doing so." ". He expressed optimism Zubeidi "to amend the investment law number 13 and add a paragraph to land-ownership scheme, investors and the ratification of the Council of Ministers," saying that "it will attract investors to stimulate the economy and Iraq." وو ". And the size of Iraq's debt, he said, "the size of the debt inherited from the former regime, is 140 billion dollars was the cancellation of 90 billion dollars," he said. و". He added that "some of the remaining old debt, and there are talks with Morocco, Tunisia and Poland on the subject." ". He pointed out that "the size of the debt of these countries is very low and the numbers are both a religion and religion, the Saudi-Kuwaiti." The Minister of Finance of Iraq, "he would not be Saudi Arabia or Kuwait, the least generous of the UAE or Cyprus, which Olgta all debts." وقال". He said: "I am optimistic about the possibility of resolving the issue of debt. And through my relationship with these two old, I can say that we are soon to hear (news) to cancel the debt of Iraq." And the inflation rate in the country, the Zubeidi that "Iraq has made achievements in this area because it succeeded in reducing inflation from 66.5 percent in 2006 to four percent in the year. It is the best measure of inflation in the region. " ". He assured that "the Iraqi dinar is stable and protected up to $ 44 billion cash reserve is not gold." ". He said "There is a plan to increase imports of tax and customs, industry and agriculture to diversify sources of income." He added, "The investor will have a customs exemption for a period of ten years and a tax exemption for five years."
http://209.85.225.132/translate_c?hl=en&sl=ar&tl=en&u=http://www.inciraq.com/pages/view_paper.php%3Fid%3D200911231&rurl=translate.google.com&usg=ALkJrhgxIY2EzRAN8EekzXbhnbNAiyYAXQ
". Ruled out the Iraqi Finance Minister Baqir Jabr Zubaidi, the possibility that his country needed loans from the World Bank or the use of its own quota in the IMF to bridge the budget deficit in 2009, and stressed that "Iraq is optimistic about the position of Saudi Arabia and Kuwait on the issue of debt," and seeks to raise the budget annual 200 billion dollars over the next five years. Zubaidi said in an interview with "life" that "Iraq talks with the International Monetary Fund led to the agreements commit the Fund Sandlin support of Iraq and the reform of financial management and technical support to the Ministries of Finance, oil, and the Central Bank."
He pointed out that "Iraq has succeeded over the past years in the implementation of all obligations and agreements with the International Monetary Fund." ". He said that "the recent meeting held last week in the Jordanian capital for the establishment of a new agreement SBA expiration of the term of the first agreement." ". He added that "the agreement to convene a meeting of technical and artistic in July (July), and the convening of another meeting on the sidelines of the World Bank in Istanbul, and the draft agreement and then transferred to the Iraqi government and parliament for approval." ". He said, "most of the contents of the agreement is that there is quota (quota) Bbleon Iraq's estimated 800 million dollars and the International Monetary Fund could take advantage of them when the budget deficit in an interest rate of one percent." ". He said, "This quota will be ready, and Iraq can benefit from them when he felt in need." ". Iraq and the agreement with the Fund on a loan of 5.5 billion dollars, Zubeidi explained that "the amount has not been determined yet, but Iraq if agreement was signed for one year will be about five billion dollars is not a loan but Kota." ياتها". He stressed that "Iraq does not need it or to any loan now because we have good financial and stable, especially for the current year, but we are afraid of the continuing financial crisis and its repercussions." ". He noted that "oil prices rose and went to 65 dollars and has increased Iraq's production, at about one million and 950 thousand barrels per day. And if so, would not need a loan or because Mozanp quota set in 2009 on the basis that the price per barrel of $ 50 per export the amount of two million barrels. " ". He revealed that "the Iraqi Ministry of Finance is considering a supplementary budget in writing and submitted to the Council of Ministers and then to the parliament will begin by making sure that production will reach two million barrels and that prices will rise above the current price."
". Zubeidi detection and rejection of the amount of the supplementary budget, but said it would be "very limited". 9 budget and details of their calculation, the Minister of Finance that "the operational budget of up to more than 42 billion dollars, including salaries of employees and retirees of the State of Iraq, who number 4.5 million people, including a million and a quarter of a million are covered by a network of social welfare, as well as three billion earmarked for the ration card and balance security and armament expenditures and the state. " ". He pointed out that "16 billion dollars is the amount of funds allocated to investment and divided into 3 billion earmarked for the provinces and 13 billion earmarked for the ministries." ". Zubaidi said he was "instructed to cut the salaries of the three presidencies (the President of the Republic, ministers and parliament) by 20 percent and the salaries of ministers and scores of the special rate of 10 percent," he said, pointing out that "the Ministry of Commerce under the budget law to withhold the ration card for each person over income monthly and a half million dinars. "
". Zubeidi revealed that there is good "to the opening of branches of major international banks such as Jay P Morgan and Citibank in Iraq because we need the banks able to finance the construction of the citizen housing units, and is able to revitalize the agriculture and industry because the banks and the government alone is not capable of doing so." ". He expressed optimism Zubeidi "to amend the investment law number 13 and add a paragraph to land-ownership scheme, investors and the ratification of the Council of Ministers," saying that "it will attract investors to stimulate the economy and Iraq." وو ". And the size of Iraq's debt, he said, "the size of the debt inherited from the former regime, is 140 billion dollars was the cancellation of 90 billion dollars," he said. و". He added that "some of the remaining old debt, and there are talks with Morocco, Tunisia and Poland on the subject." ". He pointed out that "the size of the debt of these countries is very low and the numbers are both a religion and religion, the Saudi-Kuwaiti." The Minister of Finance of Iraq, "he would not be Saudi Arabia or Kuwait, the least generous of the UAE or Cyprus, which Olgta all debts." وقال". He said: "I am optimistic about the possibility of resolving the issue of debt. And through my relationship with these two old, I can say that we are soon to hear (news) to cancel the debt of Iraq." And the inflation rate in the country, the Zubeidi that "Iraq has made achievements in this area because it succeeded in reducing inflation from 66.5 percent in 2006 to four percent in the year. It is the best measure of inflation in the region. " ". He assured that "the Iraqi dinar is stable and protected up to $ 44 billion cash reserve is not gold." ". He said "There is a plan to increase imports of tax and customs, industry and agriculture to diversify sources of income." He added, "The investor will have a customs exemption for a period of ten years and a tax exemption for five years."
http://209.85.225.132/translate_c?hl=en&sl=ar&tl=en&u=http://www.inciraq.com/pages/view_paper.php%3Fid%3D200911231&rurl=translate.google.com&usg=ALkJrhgxIY2EzRAN8EekzXbhnbNAiyYAXQ