Parliamentary Finance: IMF negotiations and behind the delay in the arrival of budget*
By aq -October 11, 2016

Treasures Media / Baghdad , the
parliamentary finance committee confirmed that the continuation of the negotiations with the International Monetary Fund and behind the delay in presenting the general budget law in 2017 in the House of Representatives , and noted: "*The increase in oil price adopted by the government behind the financing of the budget deficit that* ."
Said committee member Jabbar al - Abadi in statement , "the state budget is still, up to the cabinet and then returned to the Finance Ministry , because there are additions and developments related to the price of a barrel of oil ."
He said: these additions are done by the government and the concerned authorities fiscal spending in state institutions ."
He added that " reducing the budget deficit ratio has not been through certain doors , but the government raised the price of oil from $ 35-42, and thus has been financing the deficit gap is not reduced . "
and on the roof of international loans in the general budget and the interest rate payable on Iraq , including," the negotiations have not resolved between the Iraqi side and the administration of the international Fund , and this is one reason for the late arrival of the general budget to the parliament . "
" the loans are the ways resorted to by the government to finance the deficit in the public budget, but despite the mandate of the parliament in the previous budgets are still unable to borrow but often a simple proportions ", while expressing hopes the government on obtaining international loans at reasonable interest rates .
the Prime Minister Haider al - Abadi recently announced a reduction of the deficit in the new budget in 2017 from 32 to 15 trillion dinars . 8%A9-%D9%85%D9%81%D8%A7%D9%88%D8%B6%D8%A7%D8%AA-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86/