Real deficit in the current year budget will be 30 trillion Iraqi dinars
Real deficit in the current year budget will be 30 trillion Iraqi dinars
17-02-2014 11:53 AM
Baghdad (news) … A number of specialists in economic affairs that Iraq will face a financial problem in the general budget, especially after he is exchange entitlements of retirees within the General Retirement Law as well as the granting of provincial oil the amount of five dollars as part of a petro-dollar project including constitutes a deficit did not put him Lawmakers in mind before calculating the budget on the the basis of the price per barrel of $ 90. , and calculates the difference between revenues and expenses, we find that the first would amount to more than 139 trillion Iraqi dinars as will be the second 170 trillion dinars, or a little more and a deficit true up to 30 trillion dinars, which is the difference financial created by the passage of a law the public pension and allowances of petrodollars . said financial expert on behalf of Jamil Antoine (of the Agency news) that ‘the increase in commodity prices and real estate contributed to the high volume of inflation in the country for up to 3%, including raising the poverty rate in Iraq, despite the fact that the expense of the poverty rate in the budget amounted to about 19%, suggesting the presence of 6.3 million Iraqis under the poverty line, calling on the government and authorities Mahtsh Kozara Planning and Finance to work to address this issue. while pointing out the economic expert Hussein Allawi, the star that ‘delay in approving the budget of the country would lead to losses could be worth more than 1.5 billion dollars a month ‘, noting that’ it may impose on Iraq to increase its oil exports to compensate for the losses incurred during this stage. ‘ added the star that the ‘high rates of real deficit in the country’s budget will increase to 50 trillion dinars after it was less than about 20 trillion’. Referring to ‘the possibility to cover the deficit by reducing the operating budget. ” The budget this year, 164 trillion dinars, equivalent to 147 billion U.S. dollars, calculated per barrel of oil worth $ 90 and the quantity of export of 2.6 million barrels per day. / End
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