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Finance: taxes and customs duties to reduce the budget deficit
Said the retrenchment would not include medicine and food
Baghdad's new morning:
Finance Minister Hoshyar Zebari revealed that the ministry is working to reduce the budget deficit by increasing taxes and imposing customs duties on goods entering the country.
Zebari said in a press statement, said that «the ministry is working to reduce the budget deficit in 2015 through the creation of alternatives to oil such as increased taxes and impose tariffs on some goods entering Iraq .. Many countries rely on their budgets on such as Britain and the United States Tax ».
and the minister said he «will be pressure for budget expenditure to reduce the deficit, but that this pressure will not include medicine and food».
Zebari stressed that «the beginning of the year Next there will be a budget after the Ministerial Committee complement pressure the budget and reduce the deficit and delivered to the Cabinet for approval ».
He declined Zebari disclose the size of the budget or the amount of the deficit, noting that discussions are still ongoing.
and formed a government late last month a special committee to reconsider the draft budget after landing oil prices to the lowest level in five years.
The draft is based on the price of $ 70 per barrel, but oil prices tumbled to below $ 60 a barrel. Iraq relies on oil revenues to fund 95 percent of budget income.
The prime minister Haider al-Abadi confirmed, that there is a financial problem for the year 2015 due to lower oil and military spending rates, likely that this problem extends to 2016.
Ebadi said in a joint press conference with his Jordanian counterpart Abdullah Eagles in the capital, Baghdad, said that «Iraq is not bankrupt countries and the economic potential but we have a financial problem and may extend to 2016 if it continued to decline in oil prices».
Abadi added that «the Iraqi government can not calculate a discounted price for a barrel of oil in the general budget for the year 2015 », pointing out that it« will begin to reduce unnecessary expenditures and increasing allocations for issues Chairperson such as social protection network which has increased the amounts in 2015 ». and Abadi that« oil agreement with the Kurdistan to export oil flowing into the federal and provincial government interest, which is the knowledge of the government » , expecting «raise Iraqi oil exports after the implementation of the recent agreement to the new quantities of Iraqi oil officially sold in global markets».
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Said the retrenchment would not include medicine and food
Baghdad's new morning:
Finance Minister Hoshyar Zebari revealed that the ministry is working to reduce the budget deficit by increasing taxes and imposing customs duties on goods entering the country.
Zebari said in a press statement, said that «the ministry is working to reduce the budget deficit in 2015 through the creation of alternatives to oil such as increased taxes and impose tariffs on some goods entering Iraq .. Many countries rely on their budgets on such as Britain and the United States Tax ».
and the minister said he «will be pressure for budget expenditure to reduce the deficit, but that this pressure will not include medicine and food».
Zebari stressed that «the beginning of the year Next there will be a budget after the Ministerial Committee complement pressure the budget and reduce the deficit and delivered to the Cabinet for approval ».
He declined Zebari disclose the size of the budget or the amount of the deficit, noting that discussions are still ongoing.
and formed a government late last month a special committee to reconsider the draft budget after landing oil prices to the lowest level in five years.
The draft is based on the price of $ 70 per barrel, but oil prices tumbled to below $ 60 a barrel. Iraq relies on oil revenues to fund 95 percent of budget income.
The prime minister Haider al-Abadi confirmed, that there is a financial problem for the year 2015 due to lower oil and military spending rates, likely that this problem extends to 2016.
Ebadi said in a joint press conference with his Jordanian counterpart Abdullah Eagles in the capital, Baghdad, said that «Iraq is not bankrupt countries and the economic potential but we have a financial problem and may extend to 2016 if it continued to decline in oil prices».
Abadi added that «the Iraqi government can not calculate a discounted price for a barrel of oil in the general budget for the year 2015 », pointing out that it« will begin to reduce unnecessary expenditures and increasing allocations for issues Chairperson such as social protection network which has increased the amounts in 2015 ». and Abadi that« oil agreement with the Kurdistan to export oil flowing into the federal and provincial government interest, which is the knowledge of the government » , expecting «raise Iraqi oil exports after the implementation of the recent agreement to the new quantities of Iraqi oil officially sold in global markets».
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