Finance Committee is likely to reduce the budget next year is about 40 trillion Iraqi dinars

A member of the Finance Committee is likely to reduce the budget next year is about 40 trillion Iraqi dinars

11-10-2013 11:05 AM

Finance Committee is likely to reduce the budget next year is about 40 trillion Iraqi dinars Baghdad (news) .. According to a member of the Finance Committee MP / National Alliance / Amin Hadi, the Ministry of Finance adopted during the adoption of the size of the budget on the data provided by the Ministry of Oil based on the size of the oil revenues. said Hadi (of the Agency news): It is possible to reach the budget in 2014 to 170 trillion Iraqi dinars, which is a large sum exceeds the size of the budgets of previous years, likely that the Council of Ministers downwards about 40 trillion dinars. added: that increased oil production and revenue is directly proportional with the increase in size of the budget, noting it is a positive indicator on the development of the proportion of services provided to citizens and increase the grades and expand the operations of reconstruction and drive the economy forward. noted that the budget for 2013 and reached to 138 trillion Iraqi dinars, also, on the basis of an oil price of 90 dollars per barrel, but with exports from the least volume of 2.9 million bpd. / End

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