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Majida al-Tamimi: the real budget deficit 53 trillion dinars
Tuesday, 25 August, 2015
The parliamentary finance committee announced that the real deficit in the federal budget for the current year amounted to 53 trillion Iraqi dinars, after the fall in world oil prices.Said committee member Majda al-Tamimi: “The approved deficit in the general budget law is 23 trillion Iraqi dinars, but, now, according to current accounts and lower oil prices in the global market, the deficit reached 53 trillion dinars.”
Tamimi added that the general budget for the current year first built on the price of $ 70 per barrel of oil then reduced to $ 60, noting that “there is no real pressure to inflate the expenses of ministries, but only”.
She called a member of the parliamentary finance committee, Prime Minister Haider al-Abadi to further reduce government expenditure for all sectors to as little as possible and delete unnecessary expenditures fully in line with the austerity and reform policy.
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Tuesday, 25 August, 2015
The parliamentary finance committee announced that the real deficit in the federal budget for the current year amounted to 53 trillion Iraqi dinars, after the fall in world oil prices.Said committee member Majda al-Tamimi: “The approved deficit in the general budget law is 23 trillion Iraqi dinars, but, now, according to current accounts and lower oil prices in the global market, the deficit reached 53 trillion dinars.”
Tamimi added that the general budget for the current year first built on the price of $ 70 per barrel of oil then reduced to $ 60, noting that “there is no real pressure to inflate the expenses of ministries, but only”.
She called a member of the parliamentary finance committee, Prime Minister Haider al-Abadi to further reduce government expenditure for all sectors to as little as possible and delete unnecessary expenditures fully in line with the austerity and reform policy.
[You must be registered and logged in to see this link.]
