2016 budget anticipates a deficit of $ 25.8 billion and $ 45 to the price of oil

Wednesday 16-09-2015 | 3:07:34

Twilight News / Iraqi draft budget for 2016 showed on the website of the Ministry of Finance website on Wednesday that the ministry proposes to balance the size of 113.5 trillion Iraqi dinars (99.65 billion dollars), with a deficit of 29.4 trillion dinars (25.81 billion dollars).

Fadel said the Prophet and the Undersecretary of the Iraqi Ministry of Finance in a statement to Reuters that the budget estimated price of oil at $ 45 a barrel and assume a continuation of the agreement concluded in 2014 with the Kurdistan region of Iraq on oil revenues.

The government projected a deficit of about $ 25 billion for 2015 in the budget of approximately $ 100 billion in size.