Home
Iraq is moving to reduce the 2015 budget by $ 4.3 billion
Monday, January 19 2 / January 2015 17:10
[Follow-up - where]
Finance Committee in the Iraqi parliament on Monday said it had lowered the country's 2015 budget by about five trillion dinars [$ 4.3 billion] due to a decline in world oil prices and reach down below $ 50 a barrel.
By the end of last year, the Iraqi cabinet approved the 2015 budget, estimated the size of spending where b 123 trillion dinars [105.48 billion] deficit of up to 23 trillion dinars [$ 19.7 billion], and the price of a barrel of oil, which was adopted by the budget $ 60 a barrel.
A member of the Finance Committee Masood Haider said that "the Committee over the past three weeks has managed to reduce the operating expenses of the ministries and government institutions and bodies of about five trillion dinars of the total operating expenses of $ 80 trillion dinars [$ 68.6 billion]."
Haider said in a statement carried by Anatolia agency and I followed all of Iraq [where] that "the Finance Committee is currently working on more pressure than operating expenses in order to achieve the possibility of reducing the fiscal deficit in the federal budget."
He added that, "Oil Minister Adel Abdel Mahdi told the committee three days ago that oil prices will rise in the second half of the year to offset the weak financial revenue for the first months of this year," .anthy
[You must be registered and logged in to see this link.]
Monday, January 19 2 / January 2015 17:10
[Follow-up - where]
Finance Committee in the Iraqi parliament on Monday said it had lowered the country's 2015 budget by about five trillion dinars [$ 4.3 billion] due to a decline in world oil prices and reach down below $ 50 a barrel.
By the end of last year, the Iraqi cabinet approved the 2015 budget, estimated the size of spending where b 123 trillion dinars [105.48 billion] deficit of up to 23 trillion dinars [$ 19.7 billion], and the price of a barrel of oil, which was adopted by the budget $ 60 a barrel.
A member of the Finance Committee Masood Haider said that "the Committee over the past three weeks has managed to reduce the operating expenses of the ministries and government institutions and bodies of about five trillion dinars of the total operating expenses of $ 80 trillion dinars [$ 68.6 billion]."
Haider said in a statement carried by Anatolia agency and I followed all of Iraq [where] that "the Finance Committee is currently working on more pressure than operating expenses in order to achieve the possibility of reducing the fiscal deficit in the federal budget."
He added that, "Oil Minister Adel Abdel Mahdi told the committee three days ago that oil prices will rise in the second half of the year to offset the weak financial revenue for the first months of this year," .anthy
[You must be registered and logged in to see this link.]
