A member of parliamentary energy: falling oil prices threatens the existence 10/6
A member of the parliamentary energy: falling oil prices threatens the existence of the budget in 2016
10/6/2015 0 Comments
[Baghdad-where] most likely in the oil and energy parliamentary member of the lack of budget for 2016 to the fall in oil prices. Said Mazen Mezni told all of Iraq [where] that "the deterioration of oil prices, a negative impact on the Iraqi economy, especially after the rise in the price per barrel for the rounds of licenses which exceed $ 21, according to reports that this price has become clear to most of the political blocs, adding that he" must be returned consider licensing rounds in order to improve Iraq's economy. "He said" falling oil prices will lead in the coming months to shrink the budget and I think that there will be no 2016 so the budget not to search for alternatives other than oil will lead to the occurrence of Iraq a big economic crisis.
"Among Mezni it "There must be reforms relating to the economic side and the search for solutions and alternatives and to reconsider the licensing rounds, as well as the formation of a special committee be for the management of economic matters without dependence on ministries."
The prime minister Haider al-Abadi said during a press conference held last Saturday sought Cabinet to approve the budget for fiscal 2016 at a reasonable price for oil, "adding that" the government will hold accountable all of wasted wealth of Iraq in previous governments.
"The draft of the Ministry of Finance to balance in 2016 submitted to the Council of Ministers of expenditure of 113.5 trillion Iraqi dinars [99.65 billion dollars with a deficit of 29.4 trillion dinars [25.81 billion].
equalized oil revenues, where 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total revenue conjecture 84 trillion dinars, equivalent to the value of the dollar 59 billion and $ 130 million.
It is Iraq depends in construction of the annual financial budget by about 90% on oil imports Almsdr.