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Al-araji: Balancing 2015 would amount to about 108 trillion dinars and will send it to Parliament before the legislative recess
Deputy Prime Minister predicted Bahaa Al-araji, said on Thursday, sending the budget for the year 2015 to Parliament before the legislative recess, he noted that the total amount of the budget is 108 trillion dinars and the inability of 41 trillion dinars, as would likely increase oil production and exports in the absence of rising prices.
He said in a statement received by Al-araji (press term), that "the Government is serious about sending the budget for the year 2015, to the House of representatives within the ceilings" time, stating that "the Council of Ministers will hold an extraordinary session Tuesday to approve a budget and send it to the House of representatives to stop legislative recess."
Araji said that "the total amount of the budget in 2015 is 108 trillion dinars at the rate of $ 70 a barrel oil by exporting 2.750 million barrels and a shortfall of 41 trillion dinars," referring to "exclude all luxury spending and social benefits."
The Deputy Prime Minister was likely to "increase the production and export of oil to reduce the difference between the two prices and increase revenues if the increase in oil prices."
A spokesman for the information Office of the Prime Minister, revealed Wednesday (26 November 2014) the intention of the Council of Ministers to discuss the budget on Thursday "extraordinary" session, as expected, economic adviser to the Prime Minister, not the budget exceeded $ 100 billion barrier, urged the parliamentary Finance Committee member, on Wednesday, the Government to accelerate the sending balancing 2015 next vacation the first legislative term.
The parliamentary Finance Committee predicted, (22 October 2014), reduce the public budget by 59 trillion dinars, and called on the Government to austerity and reduced unnecessary expenditures, while an economist suggested reducing the salaries of the upper State, stimulate the private sector to be able to create new jobs to absorb the unemployed instead of relying entirely on the State in this area.
While economists predicted that the number of job openings is reduced, demanding the need to find an alternative to absorb the unemployed by providing new employment opportunities through private sector.
He was Prime Minister, Haidar Al-Abadi, revealed, (20 October last), told a press conference after talks with top Shiite religious authority, Ali al-Sistani, in Najaf, and attended by, (long press), to discuss the issue of cabinet budget three times, and that the Council will prepare a budget which makes military spending as a matter of fact, the budget 2015, based on the current year's budget for 2014, because of the same problems, of Kirkuk crude, full stop, as well as lower world prices and expectations concerning falling over, so that The Cabinet decided to austerity.
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