Article from Holly1 in the Chat Room
Provide financial budget in 2016 to the Council of Ministers

Ministry of Finance announced on Tuesday, the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.

The Finance Ministry said in a statement received (range Press), a copy of which, "The Ministry of Finance and in line with Iraq's Constitution and directions of the government presented today a draft General Budget Law for the year coming in 2016 to the Cabinet for consideration and discussion before they are submitted to the House of Representatives," indicating that it " It will publish draft budget commitment to international standards of transparency. "

It noted the ministry, to "the importance of transparency and commitment Baltoukitat legal and constitutional time," asserting that "the formulation and preparation of 2016 budget has in the light of the data facto and reduce public expenditures and to combat waste and extravagance in state revenues and diversify sources of national income in the country."

The Finance Committee in the Iraqi Council of Representatives revealed on Tuesday that the Finance Ministry is nearing the completion of the financial budget for the next year in 2016, and is expected to reach the budget to the House of Representatives during the October next month, and as pointed out that the budget would balance "the need to" size 60 billion dollars in the event of export four million barrels of oil a day, suggested the face of the biggest financial crisis in the coming year.