Parliamentary Finance: budget sent to parliament on Saturday by a deficit of 60 trillion dinars
Parliamentary Finance: budget sent to parliament on Saturday by a deficit of 60 trillion dinars
22/01/2015 07:04 GMT
Follow-up – and babysit – Parliamentary Finance Committee confirmed on Thursday that the final report of the draft federal budget law of the country for the current year will be sent to the House of Representatives next Saturday, while showed that the budget deficit ratio would be 60 trillion dinars in case the stability of the price of a barrel of oil at $ 40.
Said committee member Ahmed flesh in a press statement, said that “the total amount of the budget in 2015 amounted to 125 trillion Iraqi dinars,” noting that “the budget deficit ratio would be 25 trillion and 200 billion dinars in the event of the return of the price of a barrel of oil to the price at which the budget by calculating a 60 dollar. ”
He added that “the draft federal budget law of the country for the current year deficit will reach 60 trillion dinars in case the stability of the price of oil at $ 40.”
Flesh that said “high deficit ceiling was due to the decline in global oil prices, disastrously, in addition to the lack of access to the extracted portion of allocated in the budget, 3.3 million barrels per day of oil,” noting that “the production capacity has reached so far 2.9 million barrels per day.” .
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