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he Government formed a Commission to deal with "serious" deficits in 2015
Saturday, 29 November 2014 19: 00
P r
Twilight news, the Iraqi Cabinet decided in a special session Saturday to set up a Ministerial Committee to review State expenditures to address the inability of "dangerous" in the country's budget for next year.
altThe Cabinet plans to approve budget 2015 today to send it to Parliament for ratification, however, falling oil prices to around $ 27 per barrel put the Government in a bind.
According to a statement posted on the Prime Minister Haidar Al-Abbadi site and seen by "twilight newsThe Cabinet held a special session to review the proposed budget for the year 2015 provided by Ministry of finance.
The statement said the Board decided to form a Ministerial Committee to conduct a comprehensive review of public expenditure for the State to come up with recommendations within a week to address and reduce the budget deficit.
The decision came in light of the sharp decline in oil prices over the past few days and the rise in the rates of disability, according to a statement by the Iraqi Government.
Preliminary estimates indicate that the Iraq budget for next year is about $ 100 billion at the price of 70 dollars a barrel.
Iraq depends on oil imports for 95 percent of its budget. The country produces about 2.5 million barrels a day.
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Saturday, 29 November 2014 19: 00
P r
Twilight news, the Iraqi Cabinet decided in a special session Saturday to set up a Ministerial Committee to review State expenditures to address the inability of "dangerous" in the country's budget for next year.
altThe Cabinet plans to approve budget 2015 today to send it to Parliament for ratification, however, falling oil prices to around $ 27 per barrel put the Government in a bind.
According to a statement posted on the Prime Minister Haidar Al-Abbadi site and seen by "twilight newsThe Cabinet held a special session to review the proposed budget for the year 2015 provided by Ministry of finance.
The statement said the Board decided to form a Ministerial Committee to conduct a comprehensive review of public expenditure for the State to come up with recommendations within a week to address and reduce the budget deficit.
The decision came in light of the sharp decline in oil prices over the past few days and the rise in the rates of disability, according to a statement by the Iraqi Government.
Preliminary estimates indicate that the Iraq budget for next year is about $ 100 billion at the price of 70 dollars a barrel.
Iraq depends on oil imports for 95 percent of its budget. The country produces about 2.5 million barrels a day.
[You must be registered and logged in to see this link.]
