Parliamentary Finance: 2016 budget did not reach the Parliament and we are waiting ..
Parliamentary Finance: 2016 budget did not reach the Parliament and we are waiting Abadi approval
10/31/2015 0 Comments
The parliamentary finance committee denied, the arrival of the draft general budget of the State Finance Act of 2016, to the House of Representatives.
The committee member said Haider Mutlaq al-Kaabi told all of Iraq [where], "The budget has yet to reach Parliament and wait for authentication Prime Minister Haider al-Abadi them so as to be discussed in the Committee."
He guessed Kaabi "Showing the budget bill to Parliament in the first reading in the next few days."
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."
It is said that the House of Representatives has extended the current legislative term to one month with the possibility of receiving the budget for Agherarh.