Finance: 2016 budget will arrive in Parliament on the tenth of next month
Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month
said the parliamentary Finance Committee decision The 2016 budget will reach the Parliament on time next month, the tenth of October.
And the Rapporteur of the Committee Ahmed al-Haj told all of Iraq [where] that “the 2016 budget reached the Council of Ministers and the need of the date of delivery on 15 September of this about 25 days for discussion, noting that” the House of Representatives awaiting the budget on time and then to parliament 25 days for discussion in the corridors and therefore, the House of Representatives has a specific validity of a transaction and reduce costs.
“He added that” We must reach a legal budget on the tenth of October.
As for the problems facing the budget said Haj that there is a deficit gap, which amounts to 29% and this is an obstacle a real in front of the application of the budget, as well as that this breach the gap with international standards in terms indicate that he must exceed the budget deficit of 15% and this overtaking on international standards, poses a threat to some of the budget items, including borrowing.
The draft of the Ministry of Finance to balance in 2016 submitted to the Council of Ministers last week total expenditure of 113.5 trillion Iraqi dinars [99.65 billion dollars, with a deficit of 29.4 trillion dinars [25.81 billion].
equalized oil revenues, where 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total revenue conjecture 84 trillion dinars The equivalent value of the dollar 59 billion and 130 million Dolar.anthy