The Ministry of Finance provides the budget in 2017 to the Cabinet and predicted a deficit of 20%

2016/8/17 20:30

[Oan- Baghdad]

The Ministry of Finance announced that submitted the draft of the financial budget of the state of the 2017 Act, to the Council of Ministers.

According to a statement of the Ministry of Finance Minister, Hoshyar Zebari, "was introduced yesterday at a cabinet meeting a draft 2017 budget law, and record time to the Council of Ministers."

And accept Zebari, according to the statement "during his speech the size of state revenues of oil and non-oil and expected the most important trends and financial data as well as the overhead of the state fiscal deficit is expected and ways to bridge the financial gap."

The statement pointed out that "Decides to examine the draft law by the ministers and their ministries, as well as discussed in the special meeting of the cell, the economic crisis further review and audit and then presented back to the Council of Ministers.

The parliamentary Finance Committee member Jabbar al-Abadi, predicted the fiscal deficit remain in Iraq's budget for next year.

The MP said Abadi's [where] the 10 of August of this "certain that the fiscal deficit in the budget of 2017 out of the question, but possible reduced through retrenchment and get Iraq on loans," noting that "the deficit index up more than $ 20 billion by more than 20 % estimating the budget to $ 90 billion. "

The statistical interview [where], earlier this month, citing official data issued by the Iraqi Oil Ministry, on the sale of Iraq's $ 22 billion of oil over the past seven months of this year 2016.