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Finance Committee reduced the price of a barrel of oil in the budget to $ 56
Twilight News / Finance Committee announced on Tuesday, reducing the sale of a barrel of oil in the federal budget from $ 60 to $ 56 price by four dollars per barrel.
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A member of the Committee Faleh applicable for "Twilight News", "The Committee took the decision to reduce the price of a barrel of oil in the federal budget for the fiscal revenue and realistic figures, having seen the price drop in global markets."
He added that the force "of the Finance Committee and to prevent the rise in the fiscal deficit in the balancing project after the sale to reduce oil prices to $ 56 decided to cut for every one dollar of the price of a barrel cut 1.3 trillion dinars."
Finance Committee and announced in the House of Representatives Wednesday, the last cut 5 trillion dinars from the fiscal deficit in the budget of 2015, but indicated that the deficit is still high due to the very low prices to sell oil.
Finance Committee also confirmed not selected financial number within 17% of the budget financial counterbalance to the Kurdistan Region, noting that the province will receive a financial budget in the form of monthly payments according to financial earned an income.
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