PARLIAMENTARY MEMBER IN THE ECONOMIC STRESSES THE DIFFICULTY OF DETERMINING THE PRICE OF OIL TO BALANCE IN 2016
8/28/2015 0 Comments

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BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - said in the economic and investment commission member of the parliamentary The exporting oil prices are not fixed and there is difficulty in determining the price of a barrel speculative to determine the 2016 budget, indicating that early next month will be hosting representatives from the Ministry of Planning and Finance, oil and central bank speculative to determine the price for a barrel of oil exported. She explained Noor Albjara's (IMN) that "the Commission of Economy and Finance Parliamentary intensify their meetings to work on the completion of the budget next year," indicating that "Iraq will face significant economic problem caused by the export of oil from Iran and Saudi Arabia too large Bugemat than the price of a barrel of Iraqi oil falls in the market."

The parliamentary finance committee and confirmed last week that in the event of continued deteriorating economic situation of the country and lower oil prices, the government will face economic difficulties over the next year, indicating that it is working in coordination with the government to find solutions to the provision of personnel and salary solutions during 2016.

She said, "During the next few months will see the surprises in the low price of a barrel of oil in Iraq," adding that "the committees of Economy and Finance Parliamentary would consider proposals that will file the relevant ministries in the construction budget for the purpose of providing and salary employees and the reduction of the fiscal deficit during 2016".

The parliamentary finance committee and revealed earlier, a tendency to reduce the ministries, agencies and government agencies spending to its lowest level in order to reduce the fiscal deficit in the federal budget size.


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