Budget next year .. 113 trillion dinars deficit of more than 29 trillion

Wednesday, Septemper 162 015 17:45

BAGHDAD / Baghdadi News / ... estimated the 2016 budget year, according to the Ministry of Finance, state revenues by more than 84 trillion dinars and a deficit of more than 29 trillion dinars, and the allocation of final spending amounted to more than 113 trillion dinars.

According to the draft budget sent by the Ministry of Finance to the Cabinet and seen / Baghdadi News / copy them that "the federal budget for the year 2016 estimated revenue of B84 trillion and 73 billion and 557 138 000 dinars."

Included "calculate revenue from export of crude oil on the basis of the average price of $ 45 per barrel, and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of crude volumes produced in the Kurdistan region and 300 000 barrels per day of crude quantities Product for Using the province of Kirkuk, and that all revenue actually income once the public treasury of the state to account. "

According to the "total planned deficit the federal public budget for the year 2016 amounted to 29 trillion and 432 billion and 214 180 000 dinars, and covers the shortfall from internal and external borrowing and amounts retained cash in the Federal Ministry of Finance account, the proportion of the expected savings from the increased sale of the source of crude oil prices or increase crude oil exports. "

Regarding expenses, it included the budget "allocates an amount of 113 trillion and 505 billion and 71.318 million dinars for the expenses for the year 2016 are distributed according to (3 total expenditures field) of (Table B expenditures by ministries) attached to this law, in addition to the sum of $ 3 trillion and 480 billion and 517.102 million dinars for the project expenditures distributed according to (field 2 project investment expenses) of (Table b expenditure by ministries) attached to this law. "

Included "allocates an amount of 1 trillion and 747 billion and 762 million dinars for the reconstruction and development of the regional and provincial projects, including Kurdistan, out of the assignments referred to in clause (i a) of Article 2 above, and is distributed according to the population of each province." It ended 21