Parliamentary Finance calls to reduce the 2016 budget oil price to $ 40

Parliamentary Finance calls to reduce the 2016 budget oil price to $ 40

09/20/2015 15:22 GMT

Parliamentary Finance calls to reduce the 2016 budget oil price to 40 dollarsFollow-up – and babysit – called the parliamentary finance committee member Masood Haider to reduce the estimated per barrel of oil price in the draft of the Ministry of Finance to balance in 2016 from $ 45 to $ 40, as well as exports of 3.6 million barrels to 3 million barrels per day estimate to reduce the projected fiscal deficit the size of 26.5%.
Haider said that “the government estimated the price of oil to ($ 40) with quantities of oil at (3 million barrels a day) becomes oil revenues (43.8 billion dollars) (51.684 trillion dinars) margin (18 trillion dinars) (27%) than the figure the theoretical in the draft law. ”

He pointed out that “the available information on other sources of revenue for 2015 confirms that the figures are stated in the 2015 budget were not accurate and it’s up to 15% of what degree was as a figure of revenue for another.”

He said Haider that he “had to be on the government to estimate the real figures for non-oil revenues Ideally up to (7 trillion dinars) Thus, the total state revenues (58.684 trillion dinars), and this amount is closer to the reality of 2016 and in the light of that must be specified spending in the Iraqi state institutions and determine the budget deficit. ”

He said a member of the parliamentary finance “in the event of total expenditures to keep (113.5 trillion dinars), the amount of the budget deficit will be (54.816 trillion dinars) a rate (48.3%) of the general budget.”

He Haidar, said that “the security and defense sector identified a higher proportion of the budget and then the oil sector comes then education and then health and education, raising questions that the agricultural sector and the tourism industries of non-oil not allocated to him in line with the reform plan the budget.”

M.a

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