2016 budget is estimated at 29 trillion dinars: the economic situation in Iraq "fragile deficit"

09.22.2015 at 13:30 (GMT Baghdad)

Special - scales News
He said the parliamentary finance committee member Ahmed Sarhan, Tuesday, that the shortfall in the budget of 2016 is estimated at 29 trillion Iraqi dinars, indicating that the bad policies of previous governments and not to be exploited for oil imports at that time led to the financial deterioration in Iraq now.

Ahmed said L / scales News / "The budget of 2016 will see a further discussion it and express an opinion, unless they reach the parliament," adding that "the economic situation in Iraq" fragile "Add to that the political situation is not at the required level, leading to the country's need to the money economy and "solid".

The member of the parliamentary finance committee to "the need to be the citizen's role in shouldering the financial burden due to the lack of economic strategy a successful long-term and well-defined policies," noting that "the budget in 2016 not different from those in 2015 where all oil revenues amounted to 84 trillion Iraqi dinars As for For expenses for Iraq to spend in 2016, 113 trillion Iraqi dinars and thus the difference between revenue and expenses between Almoisntin is 69 trillion and therefore, the shortfall in the 2016 budget by 29 trillion Iraqi dinars, or more than in 2015 by about 5 trillion. "

The "parliamentary finance committee member Massoud Rostam revealed, earlier, for catastrophic risk waiting for Iraq due to increased external borrowing of states and international banks," pointing out that "the next budgets of the country will not improve without developing country industries and reliable through self-sufficiency and diversify sources ".

It is worth mentioning that "the parliamentary finance committee member Sarhan Ahmed Sarhan said, earlier, that the 2016 budget will not be equivalent to the real fiscal deficit in Iraq and can not be relied upon entirely because it is" speculative, "noting that he" can not for the oil market to submit to the Iraqi government. " .anthy 29/4 e