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Jubouri's budget in 2015 will fall below $ 85 billion
January 12, 2015, 16:19
BAGHDAD - ((eighth day)) Minister of State for the Council of Representatives of Iraq, Ahmed al-Jubouri said that the House of Representatives is being a reduction in the budget of 2015, which is expected to decline from 123 trillion dinars ($ 105.5 billion) to less than 100 trillion dinars (85.8 billion dollars), a decrease of $ 19.7 billion dollars. At the end of last year, the Iraqi cabinet approved the 2015 budget, estimated the size of the spending by 123 trillion dinars deficit of up to 23 trillion dinars ($ 19.7 billion), up the price of a barrel of oil, which was adopted by the budget $ 60 a barrel. Jubouri and pointed out that the reason for the trend to reduce the size of the budget is a drop in oil prices in the country, and is likely to vote on the budget on Tuesday of next week. He said al-Jubouri, the House of Representatives is currently working to reduce some budget items, due to lower oil prices and to reduce the budget deficit, which is expected to reach 60 trillion dinars (51.5 billion Dlar) at current oil prices. And that the reduction in the budget would not affect the salaries of employees or retirees or social protection network. Ended p. D
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January 12, 2015, 16:19
BAGHDAD - ((eighth day)) Minister of State for the Council of Representatives of Iraq, Ahmed al-Jubouri said that the House of Representatives is being a reduction in the budget of 2015, which is expected to decline from 123 trillion dinars ($ 105.5 billion) to less than 100 trillion dinars (85.8 billion dollars), a decrease of $ 19.7 billion dollars. At the end of last year, the Iraqi cabinet approved the 2015 budget, estimated the size of the spending by 123 trillion dinars deficit of up to 23 trillion dinars ($ 19.7 billion), up the price of a barrel of oil, which was adopted by the budget $ 60 a barrel. Jubouri and pointed out that the reason for the trend to reduce the size of the budget is a drop in oil prices in the country, and is likely to vote on the budget on Tuesday of next week. He said al-Jubouri, the House of Representatives is currently working to reduce some budget items, due to lower oil prices and to reduce the budget deficit, which is expected to reach 60 trillion dinars (51.5 billion Dlar) at current oil prices. And that the reduction in the budget would not affect the salaries of employees or retirees or social protection network. Ended p. D
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