Deputy for the National: We discussed the budget deficit in 2014 and the coming days will witness Nfrajha
Deputy for the National: We discussed the budget deficit in 2014 and the coming days will witness Nfrajha
2.11.2014 eight seven
{Baghdad: Euphrates News} likely MP for the Iraqi National Alliance, Haider Alfoada, to witness the next few days to discuss the breakthrough in the 2014 budget.
He Alfoada told {Euphrates News} that “the parliament session, which was held last Thursday saw the host oil minister, and finance to study the fiscal deficit in the budget of 2014″. He guessed Alfoada that “witnessing the coming days, to discuss the breakthrough in his balance in 2014″. The Majlis deputies hosted Minutes twenty-fifth session held last Thursday, led by Salim al-President of the Council and in the presence of {221}, deputy finance ministers and oil and planning to discuss the financial budget for 2014. At the outset of hosting Hoshyar Zebari, Minister of Finance said that the ministry revised budget estimates by including all government decisions on the release of funds by {1} to {12} in addition to included the powers to launch exchange advances to face terrorism and all associated with this subject needs, explaining that the expenditure amounted to {185} trillion dinars and expenditures ongoing {103} trillion dinars and expenses of investment {82} trillion dinars either revenue amounted to { 105} trillion dinars and oil revenues {96} trillion dinars and non-oil {9} trillion dinars, and the planned deficit {79} trillion dinars and after reducing it reached {77} trillion and after the discount ranged between {39-36} trillion dinars. He said Zebari said that the Council of Ministers a new commission form during the current month to redefine the priorities required would lead to deficit reduction and rationalization of expenditure to less what can be the purpose of financing the planned deficit, where we were able to be reduced to about {27} trillion, alluding to the existence of a lack of crude oil revenue source because of the low prices and the difficulties of production conditions security, stressing that the withdrawal of the reserve allocation from the Development Fund for Iraq during the 2012 and 2013 affected economically and consequent financial commitments to a number of decisions and laws on compensation and the ration card and electrical projects, noting that the committee recommended funding deficit through the Special Drawing from the International Monetary Fund as well as the issuance of treasury transfers Pension Fund and the Bank of Rafidain and Rasheed, indicating that the amount of required deficit financing {21} trillion dinars a Maittalb adoption of new styles, including the imposition of taxes on some luxury goods or communications. The Minister of Finance and the presence of several proposals, including an agreement with the Central Bank of EXTRA discount reservists law to {7 } instead of {15%} and by the Trade Bank of Iraq to grant the Ministry of Finance loan b {3} billion and the issuance of securities, which means that the fiscal deficit by about {5} trillion dinars, indicating near launch urgent batch of money available to the Kurdistan region and the work is to prepare budget for fiscal 2015 ended m
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