URGENT Ministry of Finance issues a detailed statement on the budget of 2019 {expanded}

URGENT Ministry of Finance issues a detailed statement on the budget of 2019 {expanded}

2018/9/27 8:54

URGENT Ministry of Finance issues a detailed statement on the budget of 2019The real budget deficit for the current year 2018 amounted to more than 19 trillion dinars, not the 12 trillion, the Ministry of Finance said.
The Ministry of Finance Undersecretary Maher Hammad Johan said in a statement issued on Thursday received the agency {Euphrates News} a copy of it, “The deficit referred to as a result of increasing the volume of expenses and reduce tax revenues by about 300 billion dinars, as well as spend two trillion dinars to secure the suspension of the deduction rate of 3.8% Of the salaries of state employees, which was in place during the past years. ”
He pointed out that “the security expenditure of 1.4 trillion dinars has not been reduced, as well as increased quotas of provinces from the border crossings to more than one trillion dinars.”
“There are emergency allocations of 3 trillion dinars, which should have been launched on October 1, but they were launched before the date to secure the requirements,” he said. Services in the provinces “.
He pointed out that “the Ministry of Finance is paying the dues of the debts and the benefits borrowed by the government during the financial crisis to provide salaries of state employees and amounted to the amount paid during this year 12 trillion dinars as a result of increased debt payments and dues.
The Undersecretary of the Ministry of Finance, that “the volume of oil exports of 100 million barrels per month and a daily production rate of 3.2 million barrels per day at a price of $ 64 a barrel and these prices are $ 7 less than the price of Brent crude standard and determined by monthly contracts that are affected by global prices, We have not received anything from the oil of the Kurdistan region. ”
He pointed out that “the dues of oil companies are paid in kind of oil and not through the proportion of deficit planned in the budget,” pointing out that “the increase in oil prices at the rate of $ 64 a barrel helped the government not to go to borrow.”
The Undersecretary of the Ministry of Finance said that “the ministry is securing an amount of not less than 6 trillion dinars in anticipation of the worst circumstances and this amount would secure salaries of state employees and other important expenses for three months in case of emergency.”
He called on the competent parliamentary committees, or regulatory or audit, to check all the figures announced by the ministry with high transparency, “stressing that” the direction of the state now moving towards restoring support to the private sector and move the economic cycle in order to change the course of imports, which drain a lot of money. ”

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