Finance: 2017 budget will be adjusted in accordance with the recent agreement with the International Monetary

Views 48 Date 09/18/2016 - 19:04

Economy News / Baghdad ...

Iraqi Finance Ministry confirmed on Sunday that "The ministry is in the process of modifying the 2017 budget in accordance with the recent agreement with the International Monetary and submit them to the Cabinet for approval.

Undersecretary of the Ministry of Finance Fadel Prophet said in a statement that "the Finance Minister Hoshyar Zebari arrived in the final agreement with the IMF on shenanigans annual financial discussions with him."

He pointed out that "it is part of the agreement reached by the two parties to add amendments to certain paragraphs of the 2017 budget and submit any Council of Ministers for ratification."

It is an Iraqi delegation headed by Hoshyar Zebari, which included representatives of the Ministries of Planning and oil and the Central Bank with the International Monetary Fund experts have participated in the periodic consultations between the Government of Iraq and the International Monetary Fund to review the implementation of the standby credit program as a first stage in the Jordanian capital (Oman).

Where it was reviewing the draft federal budget for 2017 and to agree on the law of a barrel of oil account for $ 43 instead of the proposed price of 35 in the draft budget and card export of crude oil of 3.6 million barrels per day.

It was also decided to continue the talks and consultations through regular annual meetings of the IMF and World Bank in October.

Content link