Al-Bayati's lower oil prices make the 2016 budget "compelling"
10/19/2015
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MP for the coalition of state law Abbas al-Bayati, Monday, that the next year's budget in 2016 "compelling" and that the presence of a decline in revenue as a result of lower oil prices, calling for the need to obtain an internal or external loans until the shortfall in coverage. Bayati said L / scales News / "The budget of 2016 is a" compelling "the budget and that the existence of a decline in revenue as a result of lower oil prices in Iraq, in addition to winning the deficit, which amounted to more than $ 25 billion," adding that "investment projects, a few that have affected on the budget significantly. "
The MP for the coalition of state law that "the 2016 budget will focus its priorities on defense and security and salaries", calling for "the need to obtain an internal or external loan until it is part of the deficit by the cover."
The "Council of Ministers approved the financial budget for next year and amounted to 106 trillion dinars deficit of 23 Trliuna".
It is worth mentioning that "the parliamentary finance committee member Abdul Qader Mohammed said, earlier, allocated to balance the 2016 approach to balance in 2015 at about 113 billion dinars money," noting "there is a serious attempt by the government and all parties to rely on non-oil resources to help ease the deficit winning and raise the financial and economic Almistoyy in Iraq ".anthy 29 / GS / 18/4 e
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