Parliamentary Finance: budget in 2016 is not austerity

12/18/2015 18:03

BAGHDAD / Obelisk: confirmed member of the Finance Committee parliamentary Majida al-Tamimi, said Friday that the general budget for 2016 approved by the House of Representatives is not "austerity", as pointed out that the budget will see further reductions.

Said al-Tamimi in an interview with the local media and I followed, "obelisk", that "the general budget for 2016 approved by the House of Representatives, last Wednesday, the amount exceeded 94 billion dollars, not austerity," asserting that "the amount of 94 billion dollars, a large number compared Estimated revenue which starved budget ".

Tamimi said, that "the budget in the coming period will see further reductions," pointing to "reduce the higher grades in the presidents and ministers, as well as reduce deployment costs by 50%."

The House of Representatives voted on 16 December 2015, the draft budget law for fiscal 2016 valued at more than 105 trillion dinars, while keeping the share of the Kurdistan region of 17% of the budget.