Next week approve the 2016 budget

Next week approve the 2016 budget

14-10-2015 04:30 PM

Next week approve the 2016 budgetCouncil of Ministers decided today yesterday to hold an extraordinary meeting next week to approve the 2016 budget

and the government statement said today, “The Council of Ministers reviewed in its meeting today the draft federal budget for the 2016 law, and made ​​the observations needed it, and decided to hold an extraordinary meeting next week for the purpose of approving the budget in Final and submit them to the House of Representatives.

“The Ministry of Finance has announced that in 16 of last September it had delivered the draft 2016 budget to the cabinet for approval as published in its official website a copy of the draft, but the Council of Ministers decided in its meeting last Tuesday to form a committee to investigate the How to leak of this draft to the media.

The calculated this draft – also published by the Ministry of Finance – Revenue from export of crude oil on the basis of the average price of $ 45 per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of product quantities of crude oil in the region Kurdistan and 300 000 barrels of crude oil quantities of the product by the province of Kirkuk, and that all revenue actually income once the public treasury of the state to account.

She draft budget that speculative revenue for Iraq from sales of oil for the next 2016 an estimated $ 59 billion is equivalent to 83% of budget revenues Alathadah.otefid figures contained in the draft that the oil revenues and mineral wealth is estimated at 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total revenue conjecture 84 trillion dinars and add to it the amounts Estimated obtained from the loans and the other to cover the deficit in the budget.

equalized These oil revenues worth USD 59 billion and $ 130 million.