Financial: $ 59 billion in 2016 and sales of oil equivalent to 83% of imports 9/18
Financial: $ 59 billion in 2016 and sales of oil equivalent to 83% of the imports of the budget
The draft budget of the Ministry of Finance indicated that the speculative revenues from Iraq's oil sales for the next year in 2016 estimated $ 59 billion is equivalent to 83% of federal budget revenues. According to figures contained in the draft that the oil revenues and mineral wealth is estimated at 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total revenue conjecture 84 trillion dinars and add to it the amounts Estimated obtained from the loans and the other to cover the deficit in the budget. Equalized oil revenues This value of the dollar 59 billion and $ 130 million. According to the production and export of the month of July, the highest in the export amount was 96.3 million barrels and the revenue realized 4 billion and 840 million dollars, in the case to be a production such as this month, the revenue will amount to $ 58 billion, less than Estimated revenue about $ 1 billion. Observers believe that the Iraqi government to increase export production to be a monthly revenue of at least 4 billion and 827 million dollars.
The ministry had aided it had sent a draft 2016 budget expenditures amounting to 113.5 trillion Iraqi dinars [99.65 billion] on the basis of export oil and 3.6 million barrels at a price of $ 45 a barrel with a deficit of 29.4 trillion dinars [25.81 billion] .