The government has reduced budget five trillion dinars expenses to be 101 trillion.
The government has reduced the budget five trillion dinars expenses to be 101 trillion
12/1/2015 0 Comments
A member of the parliamentary finance committee Majida al-Tamimi, said the government's amendment to the draft budget law for fiscal 2016 to reduce the total budget by five trillion dinars. She said al-Tamimi told all of Iraq [where] "has become the budget after the reduction of 101 trillion dinars in order to reduce the deficit, but in the House of Representatives has not yet this amendment receive officially" to Avcth that "this reduction will affect the re-allocations in many of the budget items." .
and referred to "its reservation to build a budget based on oil price of $ 45 a barrel and said: better to be reduced to $ 40 as the amount of export 3.6 million barrels per day is realistic and I imagine it is better to deducting the amount of 550 000 barrels in the oil deal with the Kurdistan region until budget be realistic and not just on paper our universe will face a crisis to impose something that is not in the truth.
"The Cabinet had agreed Tuesday to amend the 2016 budget to reduce the deficit, estimated at 22.7 trillion dinars, equivalent to 21% of total expenditure compared to the expenses of 106 trillion dinars.
According to what was said by a member of the Finance Committee, the new deficit reduction in the size of the budget [101 trillion dinars] with the same survival of the imports [84 trillion dinars] will drop to 17 trillion dinars and constitute 16.2% of the total Almoisnh.