Minister of Finance: 20% of the budget spent on defense, 2016
October 29, 2015 0

Finance Minister Hoshyar Zebari that Iraq paid financial pressure to suspend major arms deals,

Noting that the State will deploy 10,000 additional paramilitary forces whose presence is necessary to combat organized daash.

Zebari said in an interview within Reuters Investment Summit in the Middle East that the Government turned its focus to improving the quality of the weapons necessary for this kind of war. "

Zebari stressed that the State will focus on military spending in 2016 for light and medium weapons such as rifles, as well as mine detectors and reconnaissance equipment instead of heavy weapons such as artillery.

Zebari said that about 20 percent of the budget in 2016 will be spent on defense items including the popular crowd.


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RCOOKIE:THAT PRESSURE TO SUSPEND SPENDING FOR MAJOR HEAVY ARMS DEALS IS FROM REPORT YESTERDAY FROM IMF MANDATE AGAINST 2016 BUDGET SPENDING AS IRAQ AWAITS LOAN APPROVAL...