Ministry of Finance: the adoption and the wills of oil by 90% in 2017 budget

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Ministry of Finance: the adoption and the wills of oil by 90% in 2017 budget
Wed, 17 Aug 2016 15:10:07


# Algmehorah_uz


The Ministry of Finance next month of September, the date for the completion of the state budget for the year 2017, certain employees and retirees and the needs of the security services and popular crowd salaries of insurance.

Said Undersecretary Fadel prophet Osman in a press statement that "the Ministry of Finance began to prepare, including maximizing and other financial resources of the country's budget in 2017, noting that" the budget depends on imports of oil sales by less than 90 percent for the first time in several decades. "

He added that he was "securing the needs of the security agencies, including the popular crowd, and the salaries of employees, retirees, and other essential needs during the budget which is expected to be completed next month setting."

Iraq relies on the sale of oil revenues to cover about 95 percent of the country's expenses, and prices have tumbled since last year of about $ 100 per barrel to less than $ 40.

The lack of oil revenues would pay the expenses and the growing war Iraq into more loans, which could result in additional financial burden as a result of the benefits in the future.




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