Vice reveals the secrets of the budget in 2017 and not applied real
Vice reveals the secrets of the budget in 2017 and not applied real
Published on: 10-20-2016, 16:35
BAGHDAD / Sky Press:
The Commission on the economy and investment representative, that the general budget in 2017 will not be applied in real after approval, similar to the previous budgets, noting that the draft general budget of the federal law in 2017 has undergone many changes after the ratification within the Council of Ministers.
According to committee member, Najiba Najib, told a news briefing, I followed “Sky Press,” that “the draft federal budget for 2017 the law has undergone many changes after the ratification within the Council of Ministers, related to the adoption price of $ 43 per barrel of oil and the reduction of the deficit from 30-21 trillion ratio dinars, and increased oil revenues from the roof of 70-81 trillion dinars. ”
She said Najib, that the budget total will not see a real application after its ratification by parliament and the government, similar to the years 2015-2016, “indicating that” the successful implementation of the budget depends on the global market situation and the price of oil, and this put aside the previous two years due to low revenue rate and the collapse of oil prices, which It did not reach the average installed price in the budget law even with the increase in the volume of exports. ”
The parliamentary Finance Committee announced yesterday for approval of the Cabinet at its last meeting on all the amendments proposed by the Ministry of Finance on the draft general budget of the federal law.
The Prime Minister Haider al-Abadi was announced last month, for the cabinet vote on the 2017 budget year.
The Iraqi general budget for the years 2015 and 2016 a large deficit, due to lower international oil prices as well as the war effort against al Daesh.
The Finance Minister, Hoshyar Zebari, announced on 19 March for approval by the International Monetary Fund to give Iraq a financial loan of $ 5 billion to support its budget.
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