In the parliamentary Finance member is likely to approve the 2016 budget before...
In the parliamentary Finance member is likely to approve the 2016 budget before the end of this year
10/30/2015 0 Comments
Likely in the parliamentary finance committee member approval of the financial budget of the state for the year 2016 before the end of this year 2015.
He said Jabbar al-Abadi told all of Iraq [where], that "the completion of the budget period may be before the end of this year has been acknowledge at the beginning of this December."
He pointed out that "the Vice-President of the Republic does not receive their salaries and allowances have been cut since the government's decision to do so, was pulled Hamayatem did not keep their positions."
The Cabinet has approved the 18 of October of this, the draft federal budget for fiscal year 2016 Act, in the amount of 106 trillion dinars, and a deficit estimated at 22.7 trillion dinars, or 21% of the total budget in which the oil export estimates built Bmadelha daily 3.6 million barrels , the price of the daily average of $ 45 a barrel.
Finance Minister Hoshyar Zebari fiscal year promised in 2016 to "difficult because of the dramatic decline in oil prices," stressing 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," .