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Zebari: reviewing the budget with ministries for deficit reduction and we want internal alternatives avoid foreign borrowing
Detection and Finance Minister Hoshyar Zebari, on Friday, about the intention of the ministry reduce the general budget for 2015 to 120 trillion, and explained that the ministry is serious about reducing the budget deficit to 30 trillion dinars through a review of its provisions with the Ministries of State, and the search for domestic sources to reduce the deficit rather than borrowing foreign, and while stressing adherence to the ministry at a price of $ 70 a barrel in the general budget, confirmed the existence of the desire of the federal government to normalize relations with the region.
Zebari said in an exclusive interview with the (long-Presse), said that "for the study of the budget committee on a daily basis to hold meetings and meetings of art with each ministry and the board of the state in order to reduce the fiscal deficit existing budget," pointing out that "the Committee engaged in a debate now with six to seven Ministries in order to review their budgets in order to provide the budget end of this year to the parliament. "
He guessed Zebari "provide general budget soon to the Council of Ministers and then submitted to the House of Representatives for approval at the beginning of next year."
Finance Minister explained that "there is a large deficit in the budget requires us to rationalize spending in order to be accepted and be under the roof of 30 trillion dinars because the current figure for the deficit of 47 trillion is too big," noting that "The ministry is looking for domestic sources to reduce the deficit rather than foreign borrowing ".
Zebari said that "the general budget for 2015 by the size of the reduction is 155 trillion dinars, and we want to be reduced to 120 trillion dinars," he said, adding that "the reduction will focus on the part of the investment budget and some of the projects and some other things."
And the Minister of Finance that "there is debate about the calculation of the price of a barrel of oil in the budget between 60 to $ 70," following up "We are committed to a price of $ 70 a barrel for the expected increase in oil prices because of the winter."
And the 2014 budget, Zebari stressed that "this budget does not exist and will provide a financial statement that comes to us after the final accounts for the end of this year, which will show disbursements and expenses, and how to spend them, what aspects of exchange.
And on the recent agreement between Baghdad and Erbil to solve the problem of oil exports, between Zebari "The agreement represents a framework to solve problems on the budget and the export of oil and accruals Peshmerga fighting terrorism as part of the security system," he said, adding it was "the first time that the commitment of the federal government to support happen dues and salaries of the Peshmerga. "
Zebari said that "the two sides sit down to be all things financial settlement between the parties to the federal government and the region," stressing "the political will of the new government to implement the relations between the region.
The Oil Minister Adel Abdul-Mahdi, announced in (November 13, 2014), agreed with the President of the Kurdistan Regional Government on the federal government to transfer $ 500 million to the region, and among the agreement to ensure that the Government of the Territory put 150 thousand barrels of crude oil per day at its disposal The federal government, confirmed that the President of the Government of the Territory will visit Baghdad at the head of a delegation to develop a "comprehensive" and constitutional solutions to resolve outstanding issues.
It is noteworthy that the former prime minister, Nuri al-Maliki, instructed to cut the budget of the Kurdistan region since the beginning of 2014 the present, including staff salaries, against the backdrop of the crisis between Baghdad and Erbil.
The House of Representatives has begun the legislative recess on Monday (30/11/2014) for a period of one month to convene an emergency session of parliament if the arrival of the budget.
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Detection and Finance Minister Hoshyar Zebari, on Friday, about the intention of the ministry reduce the general budget for 2015 to 120 trillion, and explained that the ministry is serious about reducing the budget deficit to 30 trillion dinars through a review of its provisions with the Ministries of State, and the search for domestic sources to reduce the deficit rather than borrowing foreign, and while stressing adherence to the ministry at a price of $ 70 a barrel in the general budget, confirmed the existence of the desire of the federal government to normalize relations with the region.
Zebari said in an exclusive interview with the (long-Presse), said that "for the study of the budget committee on a daily basis to hold meetings and meetings of art with each ministry and the board of the state in order to reduce the fiscal deficit existing budget," pointing out that "the Committee engaged in a debate now with six to seven Ministries in order to review their budgets in order to provide the budget end of this year to the parliament. "
He guessed Zebari "provide general budget soon to the Council of Ministers and then submitted to the House of Representatives for approval at the beginning of next year."
Finance Minister explained that "there is a large deficit in the budget requires us to rationalize spending in order to be accepted and be under the roof of 30 trillion dinars because the current figure for the deficit of 47 trillion is too big," noting that "The ministry is looking for domestic sources to reduce the deficit rather than foreign borrowing ".
Zebari said that "the general budget for 2015 by the size of the reduction is 155 trillion dinars, and we want to be reduced to 120 trillion dinars," he said, adding that "the reduction will focus on the part of the investment budget and some of the projects and some other things."
And the Minister of Finance that "there is debate about the calculation of the price of a barrel of oil in the budget between 60 to $ 70," following up "We are committed to a price of $ 70 a barrel for the expected increase in oil prices because of the winter."
And the 2014 budget, Zebari stressed that "this budget does not exist and will provide a financial statement that comes to us after the final accounts for the end of this year, which will show disbursements and expenses, and how to spend them, what aspects of exchange.
And on the recent agreement between Baghdad and Erbil to solve the problem of oil exports, between Zebari "The agreement represents a framework to solve problems on the budget and the export of oil and accruals Peshmerga fighting terrorism as part of the security system," he said, adding it was "the first time that the commitment of the federal government to support happen dues and salaries of the Peshmerga. "
Zebari said that "the two sides sit down to be all things financial settlement between the parties to the federal government and the region," stressing "the political will of the new government to implement the relations between the region.
The Oil Minister Adel Abdul-Mahdi, announced in (November 13, 2014), agreed with the President of the Kurdistan Regional Government on the federal government to transfer $ 500 million to the region, and among the agreement to ensure that the Government of the Territory put 150 thousand barrels of crude oil per day at its disposal The federal government, confirmed that the President of the Government of the Territory will visit Baghdad at the head of a delegation to develop a "comprehensive" and constitutional solutions to resolve outstanding issues.
It is noteworthy that the former prime minister, Nuri al-Maliki, instructed to cut the budget of the Kurdistan region since the beginning of 2014 the present, including staff salaries, against the backdrop of the crisis between Baghdad and Erbil.
The House of Representatives has begun the legislative recess on Monday (30/11/2014) for a period of one month to convene an emergency session of parliament if the arrival of the budget.
[You must be registered and logged in to see this link.]
