The revised budget will soon reach Parliament 11/30/2015
The revised budget will soon reach Parliament
Said the government budget for the fiscal 2016 Legal Committee in Parliament: that the amendments did not reach the House of Representatives so far.
And the member of the committee MP Hassan Turan in a press statement that the government amendments to the budget did not reach so far into the House of Representatives, adding only that the council hopes the arrival of the revised version of the budget law to Parliament in the next few days, indicating that the amendments will be included on the agenda of the House of Representatives session.
He explained Turan that, according to the rules of procedure of the House of Representatives shall be entitled to the government as long as the law is lawmaker to send the amendment as an integral part of the law, adding that "observations about the budget include the fact that the projected deficit is very large and that the treatment Agr of 23 trillion dinars to borrow weigh the shoulders of the country, as well as the need to revise the price set for the barrel and the quantity of exported oil, pointing out that the House of Representatives in the process of waiting for modifying the budget law and beyond will see what is the exact amount of the borrowing, likely to reduce the budget deficit ratio after making modified.
He considered specialists in economic affairs that the 2016 budget will deal with the money available and it is not necessary to be matching economic reality of the Iraqi budget for the experienced of the decline was caused by lower oil prices globally, and argued that the dam $ 14 trillion dinars tax and border crossings is exaggerated for the government's failure to obtain the funds similar doors in the budget of 2015.
The Iraqi Council of Representatives had read the budget for 2016 provided by the Government and ended the debate around waiting to vote, but the government made some adjustments especially in the borrowing door and attempts to fill the fiscal deficit external borrowing to ensure the World Bank and made a priority in the budget for security, salaries and services.