Deputy for the National likely adoption of the budget next month

11 12 2015
Rajah Deputy for the National Alliance for the adoption of the budget year 2016 next month.
Said Abdul Hadi al-Khair Allah told all of Iraq [where] that "there are a lot of obstacles caused by the drop in oil prices and the adoption of Iraq entirely on income from oil and this will affect the investment plan," adding that he "has re-budget to the government for the purpose of amendments around, is expected an increase in the popular crowd budget. "
"The political pressure exists and all the bloc hopes to increase the share of maintaining the budget, but I think NH will be passed in the next month and there are no problematic around the seriousness of the current phase experienced by the country."
The parliamentary Finance Committee announced the readiness of the draft budget law for fiscal 2016 from a technical point.
The House of Representatives has completed in its meeting on 22 of last month's discussion of the draft federal budget for the 2016 law, while the cabinet reshuffled them to reduce the deficit, estimated at 22.7 trillion dinars, the equivalent of 21% of total expenditure compared to the expenses of 106 trillion dinars.
For its part, the government modified the budget to reduce total expenditure by five trillion dinars to be 101 trillion dinars, said a member of the parliamentary finance committee Majida al-Tamimi, said.
According to what she said Tamimi, the size of the deficit reduction in the new 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 budget.
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