Infallible approve the 2016 budget law

Sunday, January 3rd, 2016

Honest president Fuad Masum, on Sunday, on the financial budget of the State for 2016, approved by parliament in 16 of the law last month.
And announced the official spokesman for the Presidency of the Republic Khaled Huani in a statement, "President of the Republic Fuad Masum authentication on Sunday on the Federal Budget Law No. [1] for the current year [2016]." He explained Huani "confirm the President of the Republic, on this occasion, the importance of adhering adjusts unnecessary expenses and taking into account the low-income social strata service and provision of basic services in this emergency situation through which the country." Official spokesman said that "the president renewed his thanks and appreciation for all the efforts that have contributed to the preparation of the budget, study, review and discussion and enacted a project, whether in the government or in the House of Representatives or in the media, which role was vital in all these stages." The House of Representatives approved in its meeting on 16 December last, the budget of the year 2016 with a total expenditure of more than 105 trillion and 890 billion dinars deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars formed oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% of total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues. And formed the current expenditures [operating] a salary and other more than 80 trillion dinars, and increase of 76% [of total expenditures 105 trillion dinars] while capital expenditures were more than 25 trillion dinars, and increase of 23.8%.