Finance Committee: Iraq’s imports during the first half of this year amounted to 25 trillion dinars
Finance Committee: Iraq’s imports during the first half of this year amounted to 25 trillion dinars
05/08/2015
BAGHDAD / JD / .. the parliamentary finance committee, announced that Iraq’s imports first of the year for the half amounted to about 25 trillion dinars, while the likely drop in oil prices during the second half, which means that revenue will be reduced.
A member of the committee MP Jabbar al-Abadi told / JD /: that “Iraq’s imports achieved during the first half of this year amounted to about 25 trillion dinars, while the federal budget for 2015 amounted to about 119 trillion dinars, which means that the fiscal deficit will exceed the 50 trillion dinars in the event of continued decline in revenue.”
He added that “prices oil on world markets will fall during the second half of this year, according to the Economic Research studies centers, which means that the fiscal revenue of the state will be reduced. ”
The House of Representatives voted on the 2015 budget in the amount of about $ 100 billion, and the price of oil is limited to $ 56 a barrel and the rate of export 3.3 million barrels of oil a day. / end / 8 /
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