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2016 budget will reach Parliament next month
9/16/2015 0:00
BAGHDAD - morning -
Shaima Rashid,
the Ministry of Finance presented yesterday the draft general budget law in 2016 to the Council of Ministers that were formulated based on the reduction of public expenditure and the fight against waste and waste in state revenues and diversify sources of national income in the country, and with the ministry stressed the importance of transparency and compliance with legal and constitutional Baltoukitat time in approval, the Parliamentary Finance Committee predicted the arrival of the budget to Parliament during the October next month noting that it will be a balancing «necessity».
and the Finance Ministry said in a statement, yesterday, I got the «morning» a copy of it: "In line with the constitution of Iraq and directions of the government has provided the Ministry of Finance on 14 September 2015, the draft budget law to the Cabinet for consideration and discussion before they are submitted to the House of Representatives.
"The decline in oil prices a major problem for Iraq, which depends on oil revenue is the basis of a source of income.
For his part, Finance Committee member Jabbar Abdul-Khaliq's »Sabah»: The 2016 budget will be less than the current year's budget because of lower oil prices, "expected but built on less than $ 40 as the price per barrel.
And Abdel Khaleq that budget in 2016 will be built on the basis of priorities, including the war on Daash, likely only see extra taxes Except as provided in the budget of 2015 as a tax mobile phone and car sales and stamp cards and travel.
and the new salary scale, MP Abdul-Khaliq said the House of Representatives awaiting his arrival is supposed to be completed during this month and added to the budget next year.
to that between a member of the Finance Committee Sarhan Sylvana that the 2016 budget law is now in the Council of Ministers and will arrive in Parliament next month.
For his part, the member of the Finance Committee Haitham al-Jubouri, that «the Ministry of Finance calculated the price of a barrel of oil speculative in the budget on the basis of $ 60», adding that «the Commission will reject that price speculative The calculated price of $ 40 instead of it ».
He Jubouri, that« the overall size of the budget would be $ 60 billion in the event of Iraq's production came from oil to four million barrels per day », pointing out that« it will call to pressure the operating budget dramatically and treatment of the salary scale and the salaries of the three presidencies, noting that the 2016 budget will be the budget «necessity».
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9/16/2015 0:00
BAGHDAD - morning -
Shaima Rashid,
the Ministry of Finance presented yesterday the draft general budget law in 2016 to the Council of Ministers that were formulated based on the reduction of public expenditure and the fight against waste and waste in state revenues and diversify sources of national income in the country, and with the ministry stressed the importance of transparency and compliance with legal and constitutional Baltoukitat time in approval, the Parliamentary Finance Committee predicted the arrival of the budget to Parliament during the October next month noting that it will be a balancing «necessity».
and the Finance Ministry said in a statement, yesterday, I got the «morning» a copy of it: "In line with the constitution of Iraq and directions of the government has provided the Ministry of Finance on 14 September 2015, the draft budget law to the Cabinet for consideration and discussion before they are submitted to the House of Representatives.
"The decline in oil prices a major problem for Iraq, which depends on oil revenue is the basis of a source of income.
For his part, Finance Committee member Jabbar Abdul-Khaliq's »Sabah»: The 2016 budget will be less than the current year's budget because of lower oil prices, "expected but built on less than $ 40 as the price per barrel.
And Abdel Khaleq that budget in 2016 will be built on the basis of priorities, including the war on Daash, likely only see extra taxes Except as provided in the budget of 2015 as a tax mobile phone and car sales and stamp cards and travel.
and the new salary scale, MP Abdul-Khaliq said the House of Representatives awaiting his arrival is supposed to be completed during this month and added to the budget next year.
to that between a member of the Finance Committee Sarhan Sylvana that the 2016 budget law is now in the Council of Ministers and will arrive in Parliament next month.
For his part, the member of the Finance Committee Haitham al-Jubouri, that «the Ministry of Finance calculated the price of a barrel of oil speculative in the budget on the basis of $ 60», adding that «the Commission will reject that price speculative The calculated price of $ 40 instead of it ».
He Jubouri, that« the overall size of the budget would be $ 60 billion in the event of Iraq's production came from oil to four million barrels per day », pointing out that« it will call to pressure the operating budget dramatically and treatment of the salary scale and the salaries of the three presidencies, noting that the 2016 budget will be the budget «necessity».
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