The United Nations welcomes the approval of Iraq’s budget for 2016, and hopes to further reforms

The United Nations welcomes the approval of Iraq’s budget for 2016, and hopes to further reforms

2015/12/17 17:14

The United Nations welcomes the approval of Iraqs budget for 2016 and hopes to further reforms[Baghdad-where]
United Nations welcomed the passage of the Iraqi Council of Representatives of the country’s budget for 2016.
Internationalist Representative in Iraq, Jan Kubis said in a statement received by the agency all of Iraq [where] a copy of it, “I would like the government and the Iraqi Council of Representatives congratulate the adoption of the budget 2016 law, and I am delighted by the House bill.”
He added that “at this critical economic environment, Levan legislation Budget 2016 law was appropriate and allows the government as well as regional and local authorities to focus on service delivery and support of the population, including millions of people displaced internally, while maintaining the fight against terrorism and organizing Daash “L.
pointed Kubi┼í that” the age of the budget law allows all owners interest to agree on further reforms and privatization, which are critical to improve efficiency and the diversification of the ailing economy, while providing approving the budget conducive atmosphere more growth and job creation.
“The House of Representatives has approved in its meeting on Wednesday the budget next year 2016 total expenses more of 105 trillion and 890 billion dinars deficit accounted for 22.8%.
The total revenue which 81 trillion and 700 billion dinars oil revenues, which accounted for 69 trillion and 773 billion dinars The increase of 85.1% of total revenues.
The non-oil revenues amounted to more than 11 trillion and 927 billion dinars and form increase of 13.6% of total revenues.
and formed the current expenditures [operating] a salary and other more than 80 trillion dinars, and increase of 76% [of total expenditures 105 trillion dinars] while the capital expenditures of more than 25 trillion dinars, and increase of 23.8%.
included the budget share of the province Kurdistan by 17% according to the oil agreement between Baghdad and Arbel.anthy

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