Parliamentary Economy: 2016 budget amounted to 106 trillion dinars, and most 10/19
Parliamentary Economy: 2016 budget amounted to 106 trillion dinars, and most of the security sector
10/19/2015 0 Comments
Committee announced the economy parliamentary and investment, on Monday, that the financial budget for next year 2016, amounted to 106 trillion Iraqi dinars and a deficit of 23 trillion dinars, and as pointed out that most of them devoted to the security sector, revealed the existence of a large austerity this budget. A member of Najiba Najib Economic Commission during a press conference held in the parliament building, attended by (range Press), that "the total budget, which is voted on by the Council of Ministers, yesterday size, reached 106 trillion Iraqi dinars and a deficit of 23 trillion dinars," indicating that "the projected income from oil sales are 84 trillion ceiling export 3.6 million barrels per day with the price of a barrel is calculated on the basis of $ 45 per barrel. "
Najib said, that "this budget differs from previous budgets where large austerity and specialization of the security sector was big," pointing to "an increase in non-oil revenues over the past years because the state has tried to re-examine the tax system."
The Iraqi Council of Ministers approved, on Sunday (the 19th of October 2015), the financial budget for the coming year 2016, B113 trillion Iraqi dinars and a deficit of 30 trillion dinars.
The Finance Committee of the House of Representatives suggested in, the seventh of October 2015, the arrival of the federal budget for 2016 to Parliament after three days, and pointed out that the deficit up to 29 trillion dinars and several "very large", as he pointed to the operating budget is 30 trillion dinars.
It is noteworthy that the Ministry of Finance, announced on the 15th of September 2015, for the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.