Finance: Preparation of the 2016 budget has been the de facto data and combat waste Baardat State
Finance: Preparation of the 2016 budget has been the de facto data and combat waste Baardat State [expanded]
the Ministry of Finance, said that the draft 2016 budget law has taken into account the “reduction of public expenditure and the fight against waste Baardat the state.”
According to a ministry statement received by the agency all of Iraq [where] a copy of it, he was “in line with the Constitution of Iraq and directions of the government and the Ministry of Finance presented yesterday, the draft budget law to the Cabinet for consideration and discussion before it is submitted to the House of Representatives.”
Finance and stressed the “importance of transparency and commitment Baltoukitat Time legal and constitutional “to Avcth that” the formulation and preparation of 2016 budget, has been in the light of the facts of the matter and to reduce public expenditures and to combat waste and extravagance in state revenues and diversify sources of national income in the country.
“The statement pointed out that” the ministry will publish the draft 2016 budget, meet its standards Transparency International.
“relies Iraqi state in the construction of the annual financial budget by about 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% , what the government is paying to put up 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 continued decline Alasar.anthy