Abadi Office: approving the budget to parliament today and away from conflicts 10/18
Abadi Office: approving the budget to parliament today and away from conflicts
10/18/2015 0 Comments
Office of the Prime Minister Haider al-Abadi likely approval of the Council of Ministers in its meeting scheduled on Sunday exceptional draft financial budget for the 2016 law. His spokesman Saad al-Hadithi told all of Iraq [where], that "the budget bill will be presented today to the cabinet for a vote and likely passed, but each case, the project is still in circulation and can not talk about the final figure for the size of the budget only after sending it to the House of Representatives." He added " change may occur in the budget at the last minute the size of the Cabinet discussions and therefore it is difficult to announce the final figure for the amount of the total expenditure in the budget law before the approval of the Council of Ministers.
"He pointed newborn to, that" determine the total budget will be put to discussion and there are a team working on the budget a few days ago and will be provided to the Council of Ministers, "noting that" the debate would apply to budget items will not be meeting only be a vote and a show of hands and there may be changes in the final moments on the exact figure of the budget may get upgrade or downgrade Jeep what is going on and what is happening from the deliberations within the Council of Ministers today. "
A spokesman for the House of Representatives Abadi Office to, the dimensions of the budget after it reaches him of "political conflicts and ratify it without delay."
said Sabri that "the parliament was able to pass the 2015 budget, cut the time short unlike the previous years and I think that the circumstances in the country far and the challenges security and the need for the government to launch her financial spending with regard to providing the war on terror and the special requirements of salaries service and other matters make Parliament before the challenge of the need that the budget performed rapidly and interfere in conflicts between the parliamentary blocs.
"He added," We believe that there is a chance to pass the budget shortly asymptotic to the time passed by the current year's budget do not think that the debate around in the parliament will drag on, as was the case under the previous governments.
"He was an economic advisor to the prime minister appearance of Mohammed Saleh said on Saturday that there is a reduction in the budget of 2016, and that the omission had been for unnecessary expenses." .
said Saleh's [where] that "the 2016 budget will be discussed tomorrow [today] in the special session of the Council of Ministers which will go toward reducing expenses, and will be some unnecessary expenditure reduction."
The said two ministers in the federal government, that "Atkhvad or significant changes in total expenditures in the draft 2016 budget law "and showed that" the total amount of the budget expenditures are estimated at 114 trillion dinars paid income of $ 84 trillion and 73 billion and 557 million dinars.
"The Ministry of Finance has announced that in 16 of last September it had delivered the draft 2016 budget to the Council of Ministers for approval it also published on its official website a copy of the draft, but the Cabinet decided earlier in the formation of a committee to investigate how the leak of this draft to the media.
According to the draft budget that the total expenditure of more than 113 trillion dinars, which is low by about six trillion dinars for the budget year the last, which was 119 trillion dinars The percentage of 2016 budget deficit amounted to 26.5%, or about 30 trillion dinars.
as reported by the Ministry of Finance accounts slightly higher deficit next year's budget in 2016 by 1.5% from last year's budget in 2015, which was of 25%, has calculated the revenues derived from export of crude oil based on 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 crude oil quantities of the product by the province of Kirkuk, and that all revenue realized actually income once the public treasury of the state to account.
She draft budget that speculative revenue for 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 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.
This is equivalent to oil revenues worth USD 59 billion and 130 million Dolar.