Finance: previous governments wasted $ 350 billion and the budget deficit amounted to 53 trillion dinars
Parliamentary Finance: previous governments wasted $ 350 billion and the budget deficit amounted to 53 trillion dinars
revealed the parliamentary finance committee member Majda al-Tamimi said Tuesday that Alsapfh governments wasted nearly $ 350 billion, adding that “the general budget deficit of 53 trillion dinars.”
Said al-Tamimi said in a statement received by the agency all of Iraq [where] that “money wasted during the previous years since 2003, the rate and to 2014 of not less than $ 350 billion, indicating that it” went inclusion of wind in fake projects.
“She said that” if it has to take advantage of the surplus accumulated in previous budgets and employ the money in the right place when we arrived to the current crisis and the policy of austerity and retrenchment in which we live today, “pointing out that” the government will be forced to internal and external borrowing to cover the deficit generating future risks to Iraq.
“She Tamimi that” the deficit scheduled in the general budget is 23 trillion dinars, but according to the accounts of current data and low oil prices in the global market deficit reached 53 trillion dinars, adding that “more than half of the current year’s budget is the real deficit is not planned.”
relies Iraqi state in building financial budget Annual estimated 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq’s resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25%, prompting the government to launch treasury bonds worth 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion in an attempt to reduce this deficit with the continuing decline of $ Alasar.anthy