Parliamentary committees: salaries cost the government 39 trillion dinars and revenue will reach $ 40 billion

2016-01-07 20:59:29 | (Voice of Iraq) - Baghdad

Finance Committee, announced in the Iraqi Council of Representatives, said Thursday that the government need 39 trillion dinars to meet the staff and the salaries of retirees, as described the economic situation which will pass by Iraq this year as "difficult", the Commission on oil and energy parliamentary predicted that the estimated revenues that accrue to Iraq this General $ 40 billion.

He said the parliamentary finance committee member Sarhan Ahmed in an interview with the (long-Presse), "The government needs to 39 trillion dinars to pay employees and pensions during the year 2016," noting that "2016 will be difficult for Iraqis, especially if oil prices remained the same and did not go up In this case, the government may not be able to pay employees' salaries. "

Ahmed added that "there are expectations of higher oil prices higher than was estimated in the budget law and thus go beyond the problem," noting that "the size of the total budget is 105 trillion expected and imports are 81 trillion dinars and thus a deficit of 24 trillion dinars and there are a number of points exist in the budget text to replenish them, internal and external borrowing. "

For his part, the Commission on oil and energy parliamentary member Awad al-Awadi, in an interview with the (long-Presse), said that "Iraq's imports of oil could reach 40 billion dollars this year, according to oil prices," explaining that "the government is trying to increase production up in 2016 to 3.5 million barrels After that 2015 was three million barrels. "

Al-Awadi and called on the government to "do some economic measures to cover staff salaries and rotate the wheel of investment."

It was an economic advisor to the prime minister Haider al-Abadi, announced, in the second of January 2016 that Iraq is suffering from an economic recession due to the financial crisis, and a description of the financial budget for the current year 2016 as the "stimulus austerity".

The Finance Minister, Hoshyar Zebari, announced, (28 December 2015), for the revival of bond sale two billion dollars a plan in the next 2016, noting that the budget allows the government to sell bonds two billion dollars if lacked the sources of funding for the targeted spending.

Referred to the Iraqi Council of Representatives passed in December of 2015, a majority of the general budget for the current year 2016, more than 105 trillion Iraqi dinars and a deficit of 24 Trliuna.