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Parliamentary Finance: the budget would be sent to parliament next week
BAGHDAD / .. parliamentary Finance Committee confirmed on Thursday that the final report of the draft federal budget law of the country for the current year will be sent to the House of Representatives next week, while showed that the budget deficit ratio would be 50 trillion dinars in case the stability of the price of a barrel of oil at $ 40.
The committee member said Massoud Rustam's "Eye Iraq News," that "the total amount of the budget in 2015 amounted to 125 trillion Iraqi dinars," noting that "the budget deficit ratio would be 60 trillion dinars in the event of a barrel of oil price stability at $ 40."
He said Rustam that "the deficit ratio will be reduced gradually in the event of the return of the price of a barrel of oil to the price, which was the budget by calculating a $ 60", stressing that "the final report of the draft federal budget law of the country for the current year will be sent to the House of Representatives next week."
Rustam said that the "high deficit ceiling was due to lower global oil prices, disastrously, in addition to the lack of access to the extracted portion of the budget allocated to three million of oil and 300 thousand barrels per day." Ended 2
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