Parliamentary Government finances: the budget 2016 must not to exceed $ 75 billion

Special - scales News - He stressed the parliamentary finance committee member Masood Haider, on Wednesday, on the need for the next year's budget not to exceed $ 75 billion, noting that oil prices are unstable and difficult to predict where.

He said Haider's / scales News / "The maximum rate for the price of Brent oil will reach $ 50 a barrel and may fall to $ 40 in some cases, but all of this is speculation and predictions difficult."

The member of the parliamentary finance committee that "the government has to play a big austerity measures so that the 2016 budget close to the 70 to 75 billion dollars and should not exceed 75 billion dollars," noting that "in the light of this will be the budget deficit of 20 to 25% and this ratio is acceptable."

The "parliamentary economics committee member Mohammed Abbas stressed that next year's budget in 2016 will take into account the military things needed by Iraq in its war against the terrorist organization Daash requirements," noting that "the political and security situation the country is experiencing will affect the shape."

And it imposed "government austerity measures in the 2015 budget because of lower oil prices and calculated at $ 50 per barrel, represented to cancel non-essential expenditures" .anthy 29 n / 10