Cushions of corruption: Maliki's government the most corrupt in the history of Iraq

2017-12-03

Cushions

When the issue of corruption in Iraq is raised, we mean primarily financial and administrative corruption, which goes back more than a decade and a half. This is the beginning of the American occupation of Iraq in 2003. The journey of Iraq started with corruption, looting and theft that did not preserve any of its wealth and wealth. The consequences of corruption also include the spread of terrorism in Iraq, which poses a threat to the region and the world.

In Iraq alone, there are only two teams. The first is the vastmajority of the Iraqi people, cursing corruption and subjugation, and a second group that embraces, defends, and fights corruption for personal interests.

The file of corruption in Iraq has not stopped the tide of popular discontent but has become a mockery of the entire world after an Iraqi court sentenced a 12-year-old boy to one year in prison for stealing several tissue paper from a shop for sale. Who stole billions of dollars and destroyed a country with the world's second-largest oil reserves.

In an earlier article, we mentioned that the largest files of corruption and theft of public funds, and cover up the corrupt took place under the government of former Prime Minister Nuri al-Maliki, studies have estimated that what was lost in his reign may reach one trillion dollars, through secret deals, and smuggling money abroad, which is Confirmed by credible international reports.

A recent report by the World Center for Development Studies, based in the British capital London revealed the disappearance of 120 billion dollars of surpluses of Iraq's financial budgets during the period of Nuri al-Maliki as prime minister.

The report pointed out that during the period between 2006 - 2014 Iraq has achieved large financial surpluses could have contributed to the reconstruction and transformation into a modern state, with a total budget in that period $ 700 billion went mostly to the pockets of corrupt.

Maliki's tenure as prime minister has seen a surge in oil prices, record levels exceeding $ 115 a barrel, and the Iraqi treasury has made huge gains from the oil revenues that have disappeared for the Maliki government and the powerful. Oil revenues, which account for 95 percent of government revenues, In all parts of Iraq, where later suffered the annual budgets of huge deficits burdened the citizen's pocket, without the right to the citizen to inquire, and we can say that the Maliki government deliberately fabricated crises and the spread of terrorism to hide corruption and theft of billions of eyes observers and radiance B Iraqi who was in the worst living conditions.

The report follows that Prime Minister Haider Abadi received from his predecessor, al-Maliki, an almost empty treasury with no more than 700 million dollars, which made Iraq in a very difficult financial situation, especially with low oil prices,

Reserve of the central bank

The report also pointed to the decline in reserves of the Central Bank of Iraq at a time when it should have increased. While Iraq's budget rose from $ 100.5 billion in 2012 to $ 145.5 billion in 2014, the central bank's reserves fell from $ 88 billion to $ 67 billion.

This decline continued until 2016 to $ 43 billion, a drop of $ 45 billion and a decline of $ 9 billion a year, mostly to buy unproductive goods.

In January and February of 2016, Iraq's fiscal revenue amounted to $ 3.269 billion, while the central bank sold $ 5.821 billion to import goods, with $ 2.552 billion of reserves being covered.

Iraqi State Revenues from Crude Oil 2016 Document on the House of Representatives showing the size of the wills (January, February) 2016

Also, the central bank during the period from 2012 to 2015 $ 6.5 billion under the purchase instruments turned out to be issued by a fictitious company to the account of companies later turned out to be fake too.

A statement by the central bank last year after the Finance Committee published in the Iraqi parliament official documents confirm the smuggling of organized billions of dollars, through the sale of hard currency during the years 2006-2014 when Nuri al-Maliki as prime minister.

The report of the World Center for Studies warned of the continued waste in the reserves of the Central Bank, especially with the survival of oil prices at low levels and increasing burdens on the state because this means inflation of the budget deficit to levels that may exceed what is announced, which reaches next year to 32%.

Since the central bank launched an auction to sell the dollar to banks and banking companies in 2004, the Central Bank has sold more than $ 312 billion since its inception, with a turnover of $ 1,880 per dollar, 80 percent of which has been transferred out of Iraq, while 20 percent has entered the market.

Despite the attempts of Prime Minister Haider al-Abadi to curb corruption in Iraq, the beneficiaries of this phenomenon are trying to block this, and influence the work of independent bodies through the influence of some parties or militias.

The report called on Prime Minister Haider Abadi to speed up the detection of senior corrupt before the start of the upcoming elections.

The International Center for Studies pointed out that the file of Iraq is receiving great international attention, especially that corruption caused the spread of terrorism in Iraq, which posed a threat to the region and the world.

The report pointed out that Abadi's success in fighting corruption is no less important than the liberation of Mosul and will have popular and international support to implement his programs in reconstruction, services and state institutions.

We are referring to the investigation carried out by Fairfax Media and the Huffington Post and published in April 2016 of "thousands of documents" from the site of the United Nations owned by the Iranian family based in the Principality of Monaco. The heroes of these operations were officials and senior ministers in the era Government of Nuri al - Maliki.

The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations. International investigators will assist the Iraqi government in uncovering the fate of Iraq's $ 361 billion budget deficit between 2004 and 2014.

The situation in Iraq is really terrifying and the Iraqi government is trying to face the current financial paralysis by resorting to external and internal borrowing, but the question is asked Will the Iraqi government be able to hold the corrupt? Will it be able to counter any public anger as a result of its inability to fight corruption?

The talk about corruption in Iraq is not like any country in the world, and can not be absorbed by the mind. A handful of uniformed thieves have emptied the state treasury of all its assets, returning to Iraq centuries ago with poverty, ignorance and unemployment. The government of al-Maliki (2006-2014) will remain the worst in the history of ancient Iraq and contemporary, and to write the story of the government looted an entire country and displaced his family and threw him in the arms of his enemies , And Iraq is now at the forefront of the countries that seek International loans and grants save what can be saved.

Source

Economic Studies Unit

Link Center for Strategic Research and Studies

burathanews.com