Council of Ministers constituted a committee to review state spending and make recommendations in a week
Council of Ministers constituted a committee to review state spending and make recommendations in a week
Saturday November 29 / November 2014 18:31
[Baghdad-where]
The Cabinet decided to form a ministerial committee to review public expenditures of the state.
According to a statement of the Council received by all of Iraq [where] a copy of the “Council held a special meeting this evening to review the proposal of the general budget for 2015 submitted by the Ministry of Finance.”
He added that “In light of the sharp decline, which happened in oil prices over the past few days and caused a serious increase in disability rates, the Cabinet decided to form a ministerial committee shall conduct a comprehensive review of public expenditure of the State; to come out with recommendations made during the week to address and reduce the projected deficit in the budget “.
For his part, a source in the Cabinet who preferred not to be named for [where] that “the Council decided at its meeting today re-pricing of oil in the budget bill from $ 70 to $ 64 or less to reduce the fiscal deficit existing in size,” pointing out that ” The Council did not vote on the budget for that reason. ”
The Council of Ministers held an extraordinary meeting last Thursday to discuss the budget in 2015 and decided to complete the discussion on Saturday to send the bill to the House of Representatives this evening also decided in its meeting last Thursday for approval.
As Finance Minister Hoshyar Zebari said yesterday that, “said the financial budget deficit for 2015 is estimated at 40 billion dollars and will be of the security sector and the army have the largest share of the budget,” .anthy
alliraqnews.com
