Economic Adviser: 2017 austerity budget will stimulate the development of non-oil resources
Economic Adviser: 2017 austerity budget will stimulate the development of non-oil resources
08/20/2016
Financial advisor to the Prime Minister Haider al – Abadi revealed, Friday, for the end of the Ministry of Finance to prepare 2017 budget, stressing that its value would be about $ 82 billion at a price calculated $ 40 for a barrel of oil and a deficit of up to $ 18 billion, while economists warned of the loan disbursement Foreign consumer spending, leading to the bankruptcy of the government treasury and the accumulation of debt.
he said the appearance of Mohammed Saleh, in “the Ministry of Finance has completed the preparation of the 2017 budget will be presented for discussion in the Council of Ministers during the month of September.”
Saleh pointed out that ” the budget amounted to approximately $ 82 billion at a price of $ to 40 oil calculation, “adding that” the cabinet would send the bill to the House of Representatives beginning in October of this year , a month. ”
The economic adviser that” the 2017 budget will be the austerity beyond borders and stimulus for the development of non – oil resources such as taxes and customs and others. ”
and Saleh that” the draft law took into account the private sector , largely supporting and configured to manage some arthritis investment mission in the state. ”
He predicted the financial advisor to the Prime Minister that” up the budget deficit in 2017, to about $ 18 billion, “he said . ” the budget was drawn according to what has been agreed upon with the international Monetary Fund. ”
burathanews.com