A member of parliamentary economy stresses the need to include the 2016 budget 10/9
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    A member of parliamentary economy stresses the need to include the 2016 budget 10/9

    A member of the parliamentary economy stresses the need to include the 2016 budget and functional scores

    [Baghdad - where] stressed member of the economic and investment commission parliamentary Ghurery full on the need to include next year's budget in 2016 and functional scores. He said Ghurery told all of Iraq [where], "We must find a functional degrees solutions, Parliament must vote on the budget in addition to the grades." He added that "there are certificates campaign until now are waiting for the retirement of the people in order to buy their needs, so when recognizes budget There must be a plan to functional grades for all ministries."

    He pointed Ghurery to" demand higher grades for the coming years, because the country needs to functional grades, as well as the migration of young people most of which occurred because of lack of access to jobs. "The parliamentary Finance Committee, revealed yesterday about whether the budget next year 2016 allocations of new functional scores. The Commission decision Ahmed al-Haj's [where], that "the budget without new grades except the Ministry of Defence which is not new, but is originally vacant but need legal cover," noting that "in 2014 was appointed the Ministry of Defense affiliates in 10 000 degrees and careers but did not allocate its budget in 2015 where the transfers got her, but the Federal Court rejected this so was the transfer of these allocated to defense to balance the 2016 jobs."

    He said the "Council of Ministers returned the draft budget 2016 to fiscal retrenchment to No. viable, "he said." According to our information from the ministry had been some expenditure reduction and that means reducing the deficit.

    "The Ministry of Finance has announced that in 16 of last September it a draft 2016 budget handed over to the Council of Ministers for approval as published in its official website a copy of the draft, but the Council of Ministers decided in its meeting last Tuesday to form a committee to investigate how the leak of this draft to the media.

    The calculated this draft - also published by the Ministry of Finance - Revenue from export of crude oil on the basis of the average price of 45 dollars per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk province, and that all revenue actually income once the public treasury of the state to account.

    She draft budget that revenue speculative Iraq from sales of oil for the next 2016 an 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 Estimated total revenue to 84 trillion and add to it Estimated amounts obtained from the loans and the other to cover the deficit in the budget dinars. This is equivalent to oil revenues, the value of the dollar 59 billion and 130 million Dollar.

    Last edited by Doodle Brain; 10-10-2015 at 07:03 AM.

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