Budget law enters into force and sanitation by the government



01/21/2016 14:52 pm (Baghdad time)

BAGHDAD - scales News
Iraqi newspaper published the facts, the federal budget of the Republic of Iraq for the fiscal year 2016, which passed the House of Representatives and endorsed by the Presidency of the Republic Act and this is what the budget means the entry into force and sanitation by the government.

The general director of the Iraqi facts circle Muhannad Zebra in a statement received / scales News / copy of it, that "the number (4394), the federal budget of the Republic of Iraq for the financial year law guarantees in 2016," noting that "the law was issued based on what passed the House of Representatives in accordance with the provisions of subsection (I) of Article 61 and item (Thalthaa of Article 73 of the Constitution, and endorsed by the Presidency of the Republic. "

He pointed out that "version included the details of the most accurate in this law, where the budget was estimated at 81 trillion and 700 billion and 803 138 000 dinars, with the calculation of the income earned from the export of crude oil at a rate of $ 45 per barrel and the rate of export of 3.6 million barrels per day ".is over

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 expenditure (operational), the salaries 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%.

And endorsed the President Fuad Masum, the budget bill in the third of the month. Ended 29 quarters e

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