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Financial: 30% budget deficit, 2016
June 16, 2015
Baghdad/Iraq News Network-a member of the parliamentary Finance Committee, Jabbar Al-Abadi, the projected deficit in the budget next year 2016 would exceed 30% imports, said Al-Abbadi, Iraqi oil if next year 2016 as it is in the first half of this year, there will be a budget deficit.
He added that in all cases there will be a deficit, but if oil prices exceeded the threshold of $ 60 as expected himA lower deficit would be, adding that the expected deficit remains large, exceeding 30%, absence of plans and precautions amid fluctuating oil prices and member of Parliament noted that this issue cannot be resolved in a short period, it was assumed that there would be other revenue such as taxes and customs, as well as return on investment and the private sector.
He stressed the necessity of limiting as much as possible the necessary expenses. National Oil Corporation (SOMO) of the Ministry of oil, announced last Thursday, the export of more than 530 million barrels, sales exceeded $ 26 billion in the first half of the year 2015.
at this rate for sales and imports of Iraqi oil under low crude prices, may be balancing Iraq to 2016 between 25 to 55 billion dollars if oil prices stay between 55-64 dollars a barrel, what will strike Iraq large deficit may exceed the disability evaluator for balancing this year (25 billion Dollars) and pressing the war to organize daash and other operational expenses.
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June 16, 2015
Baghdad/Iraq News Network-a member of the parliamentary Finance Committee, Jabbar Al-Abadi, the projected deficit in the budget next year 2016 would exceed 30% imports, said Al-Abbadi, Iraqi oil if next year 2016 as it is in the first half of this year, there will be a budget deficit.
He added that in all cases there will be a deficit, but if oil prices exceeded the threshold of $ 60 as expected himA lower deficit would be, adding that the expected deficit remains large, exceeding 30%, absence of plans and precautions amid fluctuating oil prices and member of Parliament noted that this issue cannot be resolved in a short period, it was assumed that there would be other revenue such as taxes and customs, as well as return on investment and the private sector.
He stressed the necessity of limiting as much as possible the necessary expenses. National Oil Corporation (SOMO) of the Ministry of oil, announced last Thursday, the export of more than 530 million barrels, sales exceeded $ 26 billion in the first half of the year 2015.
at this rate for sales and imports of Iraqi oil under low crude prices, may be balancing Iraq to 2016 between 25 to 55 billion dollars if oil prices stay between 55-64 dollars a barrel, what will strike Iraq large deficit may exceed the disability evaluator for balancing this year (25 billion Dollars) and pressing the war to organize daash and other operational expenses.
[You must be registered and logged in to see this link.]
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