Member of the Parliamentary Finance Committee, Moeen Al-Kazemi, denied the validity of the leaks that spoke about caution personnel in opposition to getting rid of lengthy-time period loans, at the same time as confirming that the committee did not address this trouble at all.
Al-Kadhimi said in a declaration to {dinaropinions.com} that: “The Finance Committee is working severely to deal with the financial demanding situations,” reassuring personnel that “long-time period loans are not a subject of discussion or warning through the committee,” calling for “that specialize in improving non-oil sales to ensure the sustainability of the country wide financial system.”
He delivered that “the committee’s hobby is targeted on securing personnel’ salaries via the general finances and oil and non-oil sales,” noting that the file of “non-oil sales represents a country wide undertaking that should receive first-rate attention from the Finance Committee, the residence of Representatives, the authorities, political blocs, and the Iraqi people.”
Al-Kadhimi confused that “excessive reliance on oil revenues poses a threat to the countrywide financial system,” stressing “the need to enhance non-oil revenues to obtain economic stability.”
He explained that “the monetary experiment for 2024 found out an opening among the planned and the done, as expenditures have been alleged to attain 211 trillion dinars; however, what become certainly spent amounted to best 156 trillion dinars, whilst oil and non-oil sales amounted to 132 trillion dinars, that is much less than predicted.”
regarding the relationship among the federal government and the Kurdistan area, Al-Kadhimi stated that “the Finance Committee seeks to deliver the two events’ perspectives nearer together to remedy the issues associated with resuming oil exports thru the Turkish port of Ceyhan with a capacity of four hundred,000 barrels in keeping with day, contemplating the brand new contracts signed through the vicinity.”
Al-Kadhimi also burdened “the need to solve the region’s salary disaster and no longer use it as a strain card, mainly since the federal Ministry of Finance has financed 12 months of salaries for the vicinity.”
