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A member of the parliamentary Finance: more than 30% is expected to offset the deficit in 2016 and must therefore reserve
2015/7/13
[Baghdad - where]
He said the parliamentary Finance Committee member Jabbar al-Abadi, said that "the proportion of the expected deficit in next year's budget in 2016 will exceed 30%."
He said the Attorney-Abadi told all of Iraq [where], that "imports of Iraqi oil if remained over the next year in 2016 as it is in the first half of this year, there will be a deficit in the budget by a large margin."
He added: "In all cases, there will be a deficit, but if oil prices exceeded the threshold of $ 60, as it expected it would be deficit less," explaining that "the projected deficit remains large and exceed 30% under any circumstances not to put plans and precautions in light of fluctuating oil prices."
He pointed out that "this issue can not be resolved shortly and there was supposed to be other revenues such as taxes and customs, as well as investment and the private sector revenues."
The MP Abadi "the need limited as much as possible the necessary expenses."
The national oil company SOMO] of the Ministry of Oil announced last Thursday the export of more than 529 million barrels sales exceeded $ 26 billion in the first half of the year 2015.
At this rate of sales and imports of Iraqi oil under the drop in world crude prices budget for Iraq in 2016 it may be between 52 to 55 billion dollars if current oil prices remain between 55-64 dollars per barrel what would befall Iraq's large fiscal deficit Estimated deficit for the current year budget may exceed [ $ 25 billion] and the pressure of war and the rest of the organization Daash expenses Alchgalah.anthy 2 expenses
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[/ltr]
2015/7/13
[Baghdad - where]
He said the parliamentary Finance Committee member Jabbar al-Abadi, said that "the proportion of the expected deficit in next year's budget in 2016 will exceed 30%."
He said the Attorney-Abadi told all of Iraq [where], that "imports of Iraqi oil if remained over the next year in 2016 as it is in the first half of this year, there will be a deficit in the budget by a large margin."
He added: "In all cases, there will be a deficit, but if oil prices exceeded the threshold of $ 60, as it expected it would be deficit less," explaining that "the projected deficit remains large and exceed 30% under any circumstances not to put plans and precautions in light of fluctuating oil prices."
He pointed out that "this issue can not be resolved shortly and there was supposed to be other revenues such as taxes and customs, as well as investment and the private sector revenues."
The MP Abadi "the need limited as much as possible the necessary expenses."
The national oil company SOMO] of the Ministry of Oil announced last Thursday the export of more than 529 million barrels sales exceeded $ 26 billion in the first half of the year 2015.
At this rate of sales and imports of Iraqi oil under the drop in world crude prices budget for Iraq in 2016 it may be between 52 to 55 billion dollars if current oil prices remain between 55-64 dollars per barrel what would befall Iraq's large fiscal deficit Estimated deficit for the current year budget may exceed [ $ 25 billion] and the pressure of war and the rest of the organization Daash expenses Alchgalah.anthy 2 expenses
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[/ltr]
