Alsumaria News published the text of the 2016 budget law issued by the Ministry of Finance

Alsumaria News / Baghdad
published Alsumaria News, the text of the budget in 2016 sent by the Ministry of Finance to the Council of Ministers for the vote on it, because then sent to parliament for approval. The Ministry of Finance, on Tuesday, all presented a draft 2016 budget law to the Cabinet, As stressed the importance of transparency and compliance with legal and constitutional Baltoukitat time in approval, she pointed out that the drafting of the budget was based on slash public spending and combat extravagance and waste in state revenues and diversify sources of national income in the country. And estimated the Ministry of Finance, the price of oil rate within the 2016 budget at $ 45 and the export of 3.6 million barrels per day, as pointed out that revenue budget will amount to more than 84 thousand trillion and 73 billion dinars. The decline in oil prices a big problem for Iraq, which relies on oil revenues mainly as a source of income at a time when facing major internal challenges of Baktale with organizing "Daash" and the need to provide the necessary basic services funds, which suffers from a significant lack in. Click on the file below to read the text of the federal public budget for Iraq Act 2016

The draft 2016 budget law
Text 2016.PDF budget