The Iraqi government distributed budget ministries in several stages
1/7/2016
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"If oil prices stay as they are now, this will cause the occurrence of significant economic problem." Roudao - Arbil, the Finance Committee in the Iraqi Council of Representatives, that "after the publication of the financial budget for 2016 in the Gazette of Iraq Law, will begin the distribution of ministries budget revealed, but the distribution will be in several stages." A member of the Parliamentary Finance Committee, Sarhan Ahmad Slevana, Network Roudao media, that "Iraq budget will not be distributed at one stage, but that the more was collected part of the money revenue, it will be distributed to all ministries." He added Slevana, "according to the general budget, the value of income is estimated at 85 trillion dinars, and the the fiscal deficit of about 24 trillion dinars, and that the Ministry of Finance will fill the deficit through foreign borrowing. " On the loan, he said a member of the Parliamentary Finance Committee, "Baghdad is not serious so far to get to the outside of the loan, due to high interest rates, which caused great damage to Iraq." . He said, "what the Iraqi Minister of Finance, regarding the distribution of salaries and low oil prices, very close to the Iraqi reality." He continued Slevana, "If oil prices stay as they are now, this will cause the occurrence of significant economic problem of Iraq.

http://rudaw.net/arabic/business/07012016