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Special / Finance Committee will not re-balancing of the government, despite the continuing decline in oil prices
Baghdad-Iraq-Presse -10 January: Finance Committee revealed on Saturday, it had decided at its last meeting not to return the budget to the government and to continue to discuss it in the House of Representatives in spite of the continuing decline of oil prices in the global market.
A member of the Finance Committee MP Jabbar Abdul Khaliq's / Iraq Press / "The reason for the delay in approving the budget in 2015 is the decline continuing in the global oil market," not striking that "the House of Representatives stability for approving the budget, the price of a barrel of oil as soon as possible will not wait."
He said Abdul Khaliq, said that "the country is going through an extraordinary economic circumstance at the current stage and in spite of the conviction of some that the oil price will recover, but the Finance Committee recommended against the adoption of alternatives and wait for the oil to supplement the state budget to be able to implement the programs and plans."
He said, "The Organization of Petroleum Exporting allow Iraq to increase its share of the export of oil is a positive step to improve the economy", calling for "seize this ceiling to support the budget."
And was a member of the Finance Committee MP Magda Tamimi questioned, last Tuesday, the possibility of passing the general budget for the year 2015 project without allocations are subject to reduction.
She said Tamimi's / Iraq-Presse / that "the recent draft budget price of a barrel of oil was adopted sixty dollars, but the Iraq oil currently sells for less than fifty dollars for various reasons, therefore, Iraq is already facing tough financial crisis."
She Tamimi, said that "Iraq missed years ago to the development strategy of the economic and social level plans may be over-reliance on oil wealth has contributed to the omission of the country's leaders and politicians for Alkhtit for the future and post running out of oil beyond wealth depleted as it is known is much like the process of economic suicide ".
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Baghdad-Iraq-Presse -10 January: Finance Committee revealed on Saturday, it had decided at its last meeting not to return the budget to the government and to continue to discuss it in the House of Representatives in spite of the continuing decline of oil prices in the global market.
A member of the Finance Committee MP Jabbar Abdul Khaliq's / Iraq Press / "The reason for the delay in approving the budget in 2015 is the decline continuing in the global oil market," not striking that "the House of Representatives stability for approving the budget, the price of a barrel of oil as soon as possible will not wait."
He said Abdul Khaliq, said that "the country is going through an extraordinary economic circumstance at the current stage and in spite of the conviction of some that the oil price will recover, but the Finance Committee recommended against the adoption of alternatives and wait for the oil to supplement the state budget to be able to implement the programs and plans."
He said, "The Organization of Petroleum Exporting allow Iraq to increase its share of the export of oil is a positive step to improve the economy", calling for "seize this ceiling to support the budget."
And was a member of the Finance Committee MP Magda Tamimi questioned, last Tuesday, the possibility of passing the general budget for the year 2015 project without allocations are subject to reduction.
She said Tamimi's / Iraq-Presse / that "the recent draft budget price of a barrel of oil was adopted sixty dollars, but the Iraq oil currently sells for less than fifty dollars for various reasons, therefore, Iraq is already facing tough financial crisis."
She Tamimi, said that "Iraq missed years ago to the development strategy of the economic and social level plans may be over-reliance on oil wealth has contributed to the omission of the country's leaders and politicians for Alkhtit for the future and post running out of oil beyond wealth depleted as it is known is much like the process of economic suicide ".
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