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Finance looking to reduce the ministries of oil and defense spending to reduce the budget deficit
1/18/2015 0:00
Parliament postponed its meeting from Tuesday to Wednesday
BAGHDAD - Shaima Rashid
The Presidency of the Council of Representatives announced the postponement of Tuesday's session the next day one and held on Wednesday, to give the Finance Committee a chance to end its report on the budget, where the last working to reduce the ministries expenses to reduce the deficit, which reached $ 60 billion, recently to include the ministries of oil and defense without affecting the fighter and Ahtaajath.orteur Finance Committee Niazi Davutoglu, said that the postponement in order to grant a greater chance of the Finance Committee to complete the remainder of things, observations and proposals of the budget, on the one hand, and on the other hand, due to visit Parliament Speaker Salim al with a high-level delegation from the parliament of Turkey today started a two-day or three.
He Davutoglu during his speech for the "morning", to the existence of positive signs from the Finance Committee to complete its report and submit it to the Presidency, noting that there is almost a consensus of all parties to pass the budget, despite the many observations by the Iraqi forces union, as demanding an increase of funds internally displaced people and money of the National Guard which is not formed so far, as well as the existence of differences between the number of members of the National Alliance regarding assignments passed to the Kurdistan region, in addition to mass Turkmen also demanding the allocation of funds for the reconstruction of the affected areas of Turkmen.utaba that these notes will not affect the passage of the budget, stressing that the session next Wednesday will be dedicated to the budget.
Finance Committee yesterday hosted the ministers of oil and defense in order to discuss the possibility of reducing the operational budget of their ministries and modify the investment, as it will host the Minister of the Interior today in order to reduce what could be reduced from the ministry's budget to cover the deficit in the current year's budget.
He said the decision of the Finance Committee Alhaji Ahmed Rashid, in a press statement, said that reducing the budget deficit depends on reducing expenses, noting that the Ministry of Finance reduced these expenses.
He said al-Haj that the problem lies down oil prices, which decreases with revenue, since higher expenses and lower revenues lead to a widening deficit, noting that the budget until now based on a price of $ 60 a barrel Alinvt.mn his part, said the Finance Committee member Haitham al-Jubouri, the The ministries of defense and oil expenses account for more than 45 percent of the expenses of the ministries, so it has been hosting the ministers of defense and oil to discuss the reduction of their ministries budget, without affecting the fighter or military needs.
In turn, revealed the Finance Committee member Magda Abdel-Latif, the net public budget deficit of the country's $ 60 billion, said in a statement the "Center Brief for the Iraqi Media Network," The public budget is built on Mattiyan first oil price of $ 60, which fell to below 50 dollar volume of exports 3.3 million barrels of oil a day, which fell to 2.7 million barrels of oil a day.
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1/18/2015 0:00
Parliament postponed its meeting from Tuesday to Wednesday
BAGHDAD - Shaima Rashid
The Presidency of the Council of Representatives announced the postponement of Tuesday's session the next day one and held on Wednesday, to give the Finance Committee a chance to end its report on the budget, where the last working to reduce the ministries expenses to reduce the deficit, which reached $ 60 billion, recently to include the ministries of oil and defense without affecting the fighter and Ahtaajath.orteur Finance Committee Niazi Davutoglu, said that the postponement in order to grant a greater chance of the Finance Committee to complete the remainder of things, observations and proposals of the budget, on the one hand, and on the other hand, due to visit Parliament Speaker Salim al with a high-level delegation from the parliament of Turkey today started a two-day or three.
He Davutoglu during his speech for the "morning", to the existence of positive signs from the Finance Committee to complete its report and submit it to the Presidency, noting that there is almost a consensus of all parties to pass the budget, despite the many observations by the Iraqi forces union, as demanding an increase of funds internally displaced people and money of the National Guard which is not formed so far, as well as the existence of differences between the number of members of the National Alliance regarding assignments passed to the Kurdistan region, in addition to mass Turkmen also demanding the allocation of funds for the reconstruction of the affected areas of Turkmen.utaba that these notes will not affect the passage of the budget, stressing that the session next Wednesday will be dedicated to the budget.
Finance Committee yesterday hosted the ministers of oil and defense in order to discuss the possibility of reducing the operational budget of their ministries and modify the investment, as it will host the Minister of the Interior today in order to reduce what could be reduced from the ministry's budget to cover the deficit in the current year's budget.
He said the decision of the Finance Committee Alhaji Ahmed Rashid, in a press statement, said that reducing the budget deficit depends on reducing expenses, noting that the Ministry of Finance reduced these expenses.
He said al-Haj that the problem lies down oil prices, which decreases with revenue, since higher expenses and lower revenues lead to a widening deficit, noting that the budget until now based on a price of $ 60 a barrel Alinvt.mn his part, said the Finance Committee member Haitham al-Jubouri, the The ministries of defense and oil expenses account for more than 45 percent of the expenses of the ministries, so it has been hosting the ministers of defense and oil to discuss the reduction of their ministries budget, without affecting the fighter or military needs.
In turn, revealed the Finance Committee member Magda Abdel-Latif, the net public budget deficit of the country's $ 60 billion, said in a statement the "Center Brief for the Iraqi Media Network," The public budget is built on Mattiyan first oil price of $ 60, which fell to below 50 dollar volume of exports 3.3 million barrels of oil a day, which fell to 2.7 million barrels of oil a day.
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