Benefit is likely to leave oil resources in building the budgets for the next five years


06/11/2016 13:04


He favored the appearance of Economic Affairs Adviser Mohammed Saleh, Prime Minister Haider Abadi, non-petroleum countries including Iraq on oil supply balance during the next five years, adding that, balancing the 2017 will reduce dependence on oil a key source in supplying balancing State.

Mohammad Saleh said in a statement that for the first time and improved oil prices and rise from 30 to 42 dollars and rising export volumes it has said the current year's budget deficit from previous years, indicating that, for the first time become the investment budget is higher than the deficit budget rapporteur 2017 due to activation of non-oil fiscal resources including activation of levying the electricity sector and activate industry slightly.

He noted that the investment budget in balancing the budget and are 25% 2017 going is 75% certainty that the investment budget for the first time more than the deficit in previous budgets.

"There is a trend to expand non-oil budget resources as the electricity industry and resort to leave oil sources within five years will diminish the dependence on oil."

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