Economist: the adoption of the budget of 2017 on oil up to 90 percent



Tuesday 30 May 2017 12:17 pm
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BAGHDAD / The economic expert Bassem Jameel Antoine said on Tuesday that the adoption of the budget for 2017 on oil and its derivatives is about 90%. He also pointed out that the adoption of previous budgets for oil before the global oil crisis was more than 95% The total value of 11 trillion Iraqi dinars, about 10% of the budget.

"The adoption of the budget for 2017 on oil and its derivatives such as gas amounted to about 90%, worth 69 trillion Iraqi dinars," Antoine told "Iraq News", noting that "the adoption of previous budgets on oil before the global oil crisis was more than 95% when it was Its prices are high and sold about three million barrels per day. "

The economic expert, "The taxes and fees of all types amounted to 11 trillion Iraqi dinars, about 10% of the budget," noting that "there is a deficit in the budget worth 21 trillion Iraqi dinars, which believes through the reserve cash and national bonds as well as foreign loans" .

Iraq is undergoing a major financial crisis due to the sharp fall in oil prices, the erroneous fiscal policies of previous years, the spread of administrative and financial corruption, and the cost of war against the terrorist organization Da'ash. Finished 2

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