Finance Committee: Balance retained until 2012 amounted to $ 95 billion
Finance Committee: Balance retained until 2012 amounted to $ 95 billion
27/01/2015
BAGHDAD / JD / .. Parliamentary Finance Committee confirmed that the assets retained until 2012 amounted to $ 95 billion, as revealed its claim to the Ministry of Finance Final data for 2013 and 2014, which will hopefully be sent in next February.
The committee member said Masood Haider told / BD /: that cash balances retained since 2005 to 2012 of approximately $ 95 billion.
He said Haider: The Finance Committee asked the Ministry of Finance to provide the correct figures and official statements Final 2013 and 2014 and which will hopefully be presented at next February.
He favored member of the Finance Committee to provide 2015 budget report within the next 24 hours, hoping for approval during the next session of the House of Representatives.
The parliamentary Finance Committee, has acknowledged the difficulty of passing the 2015 budget and approved in the House of Representatives because of the increase in the fiscal deficit to more than 85 trillion dinars.
The committee member said Sadiq we hinted in an earlier statement to the Agency / BD /: “The budget of 2015 is difficult to pass in parliament despite the fact that the Iraqi people waits impatiently, because of the government when it sent the budget to the House of Representatives was the price of a barrel of oil at $ 67 and select the Budget $ 60 in anticipation of a decline, but the decline continued until he reached to below $ 40 per barrel. ”
He added: “Export proven oil in the budget rate of 3.3 million barrels of oil a day, either currently does not issue whether Iraq is 2.7 million barrels per day, there is a difference is estimated at US $ 20 per barrel, which means that the monthly budget deficit is estimated at 4 billion and the annual $ 48 billion, equivalent to 60 trillion dinars, and there is a real deficit already exists in the budget is estimated at 25 trillion dinars, and therefore, the real deficit will exceed the 85 trillion dinars, and this is a dangerous precedent and economic disaster. ” / End / description on /
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