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The Council of Ministers to take urgent action to address the budget deficit and the global decline in oil prices
Tuesday, December 16, 2014
Baghdad newspaper of integrity – the official spokesman for the Iraqi Government, Saad Al-Hadithi, the Cabinet adopted a basket of urgent action to tackle the budget deficit for next year and undo global shame oil.
Hadithi said in a statement obtained by (the righteous) "was supposed to balance the 2015 to the House for approval since 3 weeks without the deterioration in the global oil market," but said, "but at the same time, the Government is working on a restructuring of the current draft of the budget commensurate with the current situation," adding that "the agreement with KRG oil which Iraq exports was raised to 3 million barrels a day would fill part of the shortfall Which will also affect next year's budget as well as to set up a Ministerial Committee to follow up the revenues of ministries and governmental organizations associated with the Department will end its work soon and reduce consumer expenditure and part of the investment as part of the process of altakash p ".
The local government returned to the province of Kirkuk to resume exporting oil would ease burden on next year's budget and the deficit be.
Deputy Chairman of the Committee on oil and Energy Council Kirkuk, Najat Hussein export oil currently is exclusively from wells in Kurdistan via Ceyhan 250,000 barrels but Kirkuk no barrels of oil so far. "
"The actual export Kirkuk crude will start in the first of the month of January by (225-250) barrels and exports of Kirkuk by 300,000 barrels also announced the recent agreement between the Government of Baghdad and Erbil, but would be less of a technical foul to the export quantity declared in advance came on the back of the Kirkuk exports stopped completely for about 10 months and not sustain oil wells in addition to the non-development of fields or replace old equipment Which are still used in the process of oil extraction. " Finished 4
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Tuesday, December 16, 2014
Baghdad newspaper of integrity – the official spokesman for the Iraqi Government, Saad Al-Hadithi, the Cabinet adopted a basket of urgent action to tackle the budget deficit for next year and undo global shame oil.
Hadithi said in a statement obtained by (the righteous) "was supposed to balance the 2015 to the House for approval since 3 weeks without the deterioration in the global oil market," but said, "but at the same time, the Government is working on a restructuring of the current draft of the budget commensurate with the current situation," adding that "the agreement with KRG oil which Iraq exports was raised to 3 million barrels a day would fill part of the shortfall Which will also affect next year's budget as well as to set up a Ministerial Committee to follow up the revenues of ministries and governmental organizations associated with the Department will end its work soon and reduce consumer expenditure and part of the investment as part of the process of altakash p ".
The local government returned to the province of Kirkuk to resume exporting oil would ease burden on next year's budget and the deficit be.
Deputy Chairman of the Committee on oil and Energy Council Kirkuk, Najat Hussein export oil currently is exclusively from wells in Kurdistan via Ceyhan 250,000 barrels but Kirkuk no barrels of oil so far. "
"The actual export Kirkuk crude will start in the first of the month of January by (225-250) barrels and exports of Kirkuk by 300,000 barrels also announced the recent agreement between the Government of Baghdad and Erbil, but would be less of a technical foul to the export quantity declared in advance came on the back of the Kirkuk exports stopped completely for about 10 months and not sustain oil wells in addition to the non-development of fields or replace old equipment Which are still used in the process of oil extraction. " Finished 4
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