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Finance: Preparation of the 2016 budget has been the de facto data and combat waste Baardat State
09/15/2015 05:57
She said the Ministry of Finance, the draft 2016 budget law has taken into account the "reduction of public expenditure and the fight against waste Baardat the state." According to a statement of the ministry, he was "in line with the Constitution of Iraq and directions of government and the Ministry of Finance presented yesterday, the draft budget law to the Cabinet for consideration and discussion before it is submitted to the Council of House of Representatives. "She stressed the financial" the importance of transparency and compliance with legal and constitutional Baltoukitat time "to Avcth that" the formulation and preparation of 2016 budget, has been in the light of the facts of the matter and to reduce public expenditures and to combat waste and extravagance in state revenues and diversify sources of national income in the country. "The statement pointed out "The ministry will publish the draft 2016 budget, meet its international transparency standards."relies Iraqi state in the construction of the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching budget year 2015 about $ 100 billion deficit expected up to 25%, prompting the government to launch treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion in an attempt to reduce this deficit with the continuing drop in prices
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09/15/2015 05:57
She said the Ministry of Finance, the draft 2016 budget law has taken into account the "reduction of public expenditure and the fight against waste Baardat the state." According to a statement of the ministry, he was "in line with the Constitution of Iraq and directions of government and the Ministry of Finance presented yesterday, the draft budget law to the Cabinet for consideration and discussion before it is submitted to the Council of House of Representatives. "She stressed the financial" the importance of transparency and compliance with legal and constitutional Baltoukitat time "to Avcth that" the formulation and preparation of 2016 budget, has been in the light of the facts of the matter and to reduce public expenditures and to combat waste and extravagance in state revenues and diversify sources of national income in the country. "The statement pointed out "The ministry will publish the draft 2016 budget, meet its international transparency standards."relies Iraqi state in the construction of the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching budget year 2015 about $ 100 billion deficit expected up to 25%, prompting the government to launch treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion in an attempt to reduce this deficit with the continuing drop in prices
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