Nashi expects to see fiscal 2016 budget vulnerable because of lower oil prices 8/27
Nashi expects to see fiscal 2016 budget vulnerable because of lower oil prices
08/27/2015 13:54 pm (Baghdad time)
BAGHDAD - scales News
He expected a member of the Parliamentary Finance Committee MP Ola return Nashi, Thursday, to reach the budget deficit next year, double the 2016 fiscal deficit to balance the current year, due to falling global oil prices negatively impact on budget revenues.
Nashi said in a statement received / scales News / copy of "supposed to provide ministries and government institutions and private reports Moisadtha needs of the budget in 2016, which was supposed to be completed in the months of May and June last two."
"The budget deficit in 2016 is expected to reach double that amount in the current year budget and that mainly because of what is directly and that the decline in global oil prices and its impact on Iraq's revenues total, as well as indirect causes, including the chaos in shaping the Iraqi economy."
And called for the need to "draw a clear economic policy to be the pillar of all future development and avoid the random cases and improvised operations." Ended 29/4 e