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Member of the parliamentary Economy: The government has asked parliament to reduce the budget of 125 trillion to 85 trillion dinars
Sunday, 18 / January 2015 07:17
[Baghdad - where]
K shaft member of the Committee on Economy and Investment parliamentary Najiba Najib, on Saturday, the federal government asked parliament to reduce the budget of 125 trillion to 85 trillion, as a result of the continuing decline in oil prices.
She said Najib told all of Iraq [where] that "the government put the budget according to the price of a barrel of oil to $ 60," indicating that "the continued decline will change the estimates of the federal budget."
Najib added that "operating expenses will experience severe pressure as a result of the sudden decline in oil prices," pointing out that "there are possible solutions, including internal and external borrowing, and the issuance of treasury transfers, and take advantage of national savings, and taxes."
She Najib to "confirm the government's austerity policy within its institutions," indicating that "the Economic Commission has developed a policy to address the fiscal deficit witnessed in the budget."
The supreme religious authority, has called on Friday to reconsider the draft general budget of Law in 2015, emphasizing the need for oil prices to the lowest possible level that him up falling oil prices, noting that this does not mean delayed adoption of the budget, but it can not be adopted in this form. it's over
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Sunday, 18 / January 2015 07:17
[Baghdad - where]
K shaft member of the Committee on Economy and Investment parliamentary Najiba Najib, on Saturday, the federal government asked parliament to reduce the budget of 125 trillion to 85 trillion, as a result of the continuing decline in oil prices.
She said Najib told all of Iraq [where] that "the government put the budget according to the price of a barrel of oil to $ 60," indicating that "the continued decline will change the estimates of the federal budget."
Najib added that "operating expenses will experience severe pressure as a result of the sudden decline in oil prices," pointing out that "there are possible solutions, including internal and external borrowing, and the issuance of treasury transfers, and take advantage of national savings, and taxes."
She Najib to "confirm the government's austerity policy within its institutions," indicating that "the Economic Commission has developed a policy to address the fiscal deficit witnessed in the budget."
The supreme religious authority, has called on Friday to reconsider the draft general budget of Law in 2015, emphasizing the need for oil prices to the lowest possible level that him up falling oil prices, noting that this does not mean delayed adoption of the budget, but it can not be adopted in this form. it's over
[You must be registered and logged in to see this link.]
