Parliamentary Finance: balance the 2017 budget debt

Views 226 Date 08/27/2016 - 20:08

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A member of the Finance Committee MP Mazen Mezni, the budget in 2017 as "the only pro forma balance," stressing that 2017 will be a year of austerity, and a very difficult year for the Iraqi people.

And Mezni said in a statement that "the budget of 2017 is difficult and pro forma budget and balancing the Cabinet of loans most likely," he said, adding that built on the price of $ 35 a barrel oil is quite good, but they need to rely on the non-oil fiscal revenues to control the fiscal deficit. "

He added that "Iraq depends on 85% of its revenue on oil, while Prime Minister Haider al-Abadi promised in 2015 and this year to leave the dependence on oil and activation of other economic sectors, but to no avail, and remained the remarks here and there have not been implemented on the ground."

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