Numbers most important features of 2016 budget and expectations by reaching today to Parliament
10/21/2015 0 Comments

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​Economic Adviser to the Prime Minister predicted the appearance of Mohammed Saleh reach 2016 budget approved by the Council of Ministers on the first extraordinary meeting yesterday to probe the corridors of the House of Representatives on Tuesday, to discuss and approve in November smoothly and easily. Saleh said in a statement I followed news agency Buratha that the price of a barrel of oil in this budget, the referee awarded on the basis of $ 45 for it (given) and realistic with the expectation that oil prices rise (Brent) in relative and sold at about $ 52 a barrel as the price average. As between Saleh said that there is an understanding between the Parliamentary Finance Committee and the legislature in general and the executive with respect to the preparation of the budget, and wished that does not resort to the Federal Court on the texts of the budget, confirming the presence of the possibility that the budget again returned to make amendments to them to be re-sent to the Parliament.
​Economic Adviser to the Prime Minister also explained that the budget will be funded from internal revenues or borrowing from international financial institutions will be agreed upon after negotiations, noting that the investment budget equivalent to 26% of the total state budget, a figure that corresponds to the budget deficit.

And the region's share in the budget, it is between 17% and will present them as expenditure allocations sovereign embassies and public debt and the ration card and other provisions account for about 7% of the total expenditure.

Saleh also pointed out that the budget has been prepared on the basis of Iraq's ability to export oil, at a rate of 3.3 million barrels per day, and calculating the export of all of Kurdistan and Kirkuk oil B550 thousand barrels per day.

He said the roof of the 2016 budget Alanvaqa is 113 trillion dinars, and form the operating budget of which 74%, and investment of 26%, to be funded by oil export revenues of less than 70 trillion dinars, as well as funding from other sources accounted for 14 trillion dinars.

Saleh concluded by saying that the budget submitted to Parliament within the timelines required, and most importantly, to provide the Ministry of Finance in March 2016 to the House of Representatives, the final account for the balance of 2015 and labeled (the budget) to see revenues that budget and how it spent, and the savings taking place, and the doors of failure and progress, so as to inform the Iraqi people in the forty that budget.


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