Government wants to reduce the 2016 budget ceiling and fill the deficit through foreign borrowing

Author: BS, MK
Editor: BK, BS
04/10/2015 16:25
Number of Views: 337

Long-Presse / Baghdad
A member of the parliamentary finance committee, said on Sunday that the government wants to reduce next year's budget in 2016 to less than 113 trillion dinars, noting that it would resort to external borrowing to cover the deficit in them.
Said Faleh in force, in an interview to the (long-Presse) and another set of media, that "the Commission hosted, today, Finance Minister, Hoshyar Zebari, to discuss the federal budget for the next 2016 project, and how the deficit treatment", noting that "Zebari stressed the intention of the government external borrowing to fill the side of the deficit, and the most important banks that have expressed their willingness for that. "
He said in effect, that "the Minister of Finance revealed the government's intention to reduce the budget ceiling below the ceiling of 113 trillion dinars to reduce the deficit."
The Ministry of Finance sent (the 15th of September 2015), the draft federal budget law for the next 2016, the Council of Ministers, which is estimated B84 trillion dinars, indicating that it was prepared to sell a barrel of oil price of $ to 45, with an average export of 3.6 million barrels.