Strict austerity measures in the budget for Iraq in 2016

Baghdad-Iraq Press -4 August / August: Finance Committee revealed in the Iraqi Council of Representatives, on Tuesday, for "or having" to introduce strict procedures for all the budgets of state institutions in the 2016 budget.

He said the parliamentary finance committee member Masood Haider, said that "Iraq faces economic risks will continue for 2016," pointing out that "the country do not have any financial income from agriculture, industry and the private sector and the overall dependence on crude oil revenues."

The parliamentary finance committee and announced earlier, the Ministry of Finance will build on the 2016 budget of $ 60 as the price My guess to build the next budget, pointing out that the Commission addressed the financial caution the risk of lower crude oil prices in the coming months.

He said Haider in a press statement, that "after Iran's agreement with the five countries in oil prices will see a continuous decline which will reflect negatively on the economic reality of Iraq," pointing out that "the government has no ability to pay any amount for projects only pay salaries of state employees, as well as the amounts big that is spent on the war with Daash ".

Parliamentary Finance Committee identified earlier, next October the month to send 2016 budget by the Iraqi government .anthy (1)