Economic Commission: the budget bill parliament will arrive this month By Roudao 44 minutes ago
According to a member of the Committee on the economy and investment representative for the Kurdistan Alliance bloc Najiba Najib, Saturday, that the draft budget bill for fiscal year 2015 will reach the House of Representatives during the current month.
Najib said, the network Roudao media, said that "despite being unconstitutional (because of the end of the current legislative term), but the House of Representatives will hold a special meeting if the arrival of draft financial budget law to him, to make him the first reading of this month."
Najib explained that "oil constitutes 95% of the sources Balancing Iraq, has seen prices in the global market decline, in addition to the loss of control over a number of areas in Iraq for the benefit of the organization Daash, all of this affects the lower the percentage specified for Iraq's budget for the year 2015".
Kurdistan Regional Government announced (11/13/2014) agreement with the center government to solve the "full and fair" to the problems between the two sides, saying that the federal government would pay for the region of $ 500 million, while the government will transform the region of 150 thousand barrels of crude oil a day under the disposal of the federal government.
In this regard, Najib said that the agreement between Arbil and Baghdad was "an aide to the Iraqi government workers, to be able to adhere to certain issues, such as displaced people and my defense."
And confirmed member of the Committee on Economy and Investment parliamentary that "reducing expenses in some form also has a good effect on the budget."
The Council of Ministers and the Presidency decided last week to reduce Roatbhma half, to coincide with a large budget deficit for 2015 being studied by the government an estimated $ 40 billion.