Deputy: adopt severe austerity measures over the next year 10/23/2015
Deputy: adopt severe austerity measures over the next year
10/23/2015 0 Comments
The National Alliance MP Ali Shukri, that next year will see an increase in 2016 confirmed the austerity measures. He said Shoukry told all of Iraq [where], that "what is subtracted from the budget approved by the Council of Ministers shows clearly that there are austerity measures severe, Noting the adoption of the price of a barrel of oil to $ 45 and the overall budget is 80 trillion dinars, which almost means 65 billion dollars, so there is austerity measures too big.
"He called for a" lending in investment expenditure, "noting that" there are some projects may have found to accomplish 90% stage and can not be spending it which is causing Bandtharha and deprives us of the benefit from them, also reduces confidence contractor reached an advanced project phases in the state. "He said Shukri said that" we have the completion of projects which are at an advanced rate. "The Finance Minister, Hoshyar Zebari, said during a Wednesday news conference that" it is difficult to continue monetary policy and past expenditures and we have to happen to change and reform in this direction and can not run the state like what it was previously and next year will not be easy from a financial point will be a difficult year and this is not only in Iraq but in several countries in the world because of the dramatic decline in oil prices. "And" we seek to finance the deficit of the external loan and we have negotiations with the bank Qatari national in this regard. "It is said that, the Council of Ministers approved in its meeting on Sunday, the draft federal budget for fiscal year 2016, and amounting to 106 trillion dinars a deficit of more than 22 trillion dinars, on, average oil price of $ 45 and the export of 3.6 million barrels per day, as pointed out that revenue budget will amount to more than 84 thousand trillion and 73 billion dinars.
Economic Commission parliamentary revealed last Tuesday, for the arrival of the draft federal budget for the 2016 Law to the Presidency of the Council by the government. A member of the Committee Sabhan Solomon, for [where] , "The Presidency of the Council of Representatives received a draft federal budget law but not delivered copies to the relevant committees yet," noting that "the Council will start the procedures in approving the budget, so read the first and second readings and then vote on them," explaining that "the length of time before the Council of Representatives are until the end of October this month ".