Economic parliamentary: budget of 2014 will not be affected by the size of oil exports

Economic parliamentary: get financial abundance budget of 2014 will not be affected by the size of oil exports

Wednesday, August 14 / August 2013 14:23

budget of 2014 will not be affected by the size of oil exports[Baghdad – where]

A member of the parliamentary economic committee Qusay Ebadi that “speculative funds to balance the state’s public finances for the next year 2014 is estimated at 120 billion dollars.”

The International Monetary Fund predicted last July that achieves Iraq during the current year economic growth of 9 percent after the high volume of oil exports, while the budget for Iraq Federal for the current year 2013 passed by Parliament last March [118] billion and [600] million dollars.

He Ebadi told all of Iraq [where] that “there will be a financial abundance in the budget of 2014 because the revenues the first half of this year amounted to $ 79 billion of revenue sale of crude oil, and the budget speculative set by the Finance Committee, the parliamentary amounted to $ 120 billion.”

He ruled Ebadi “been affected the level of the budget next year, down volume of oil exports as we put a deficit of default of the budget from 10 to 15 billion dollars, and this deficit reimburse part through loans from the IMF,” adding, “We will not be afraid of getting the fiscal deficit.”

And a member of the Economic Committee pointed out that “the financial budget estimated on the basis of the price of a barrel of oil and the amount of production,” noting that “the deficit can be covered by the default and Firat not afraid oil on the Iraqi state budget is still so far in Safe Mode.”

The oil imports about 95% of Iraq’s budget, but so far no country’s law regulating its affairs after the failure of the House of Representatives Bdortih past and present to pass the oil and gas law, which was expected to rise oil situation in the event of approval.

The U.S. Embassy in Baghdad has warned Iraq last year of endangering its economy because of its reliance on oil revenues alone. 2 ended.