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Parliamentary Finance: 2016 budget increased government expenditures and the size of the deficit has become a serious
Section: Business & Finance Published on: Today, 13:58
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Parliamentary Finance: 2016 budget increased government expenditures and the size of the deficit has become a serious
BAGHDAD / Sky Press confirmed the Parliamentary Finance Committee member Haitham al-Jubouri, Saturday, that the draft next year's budget in 2016 has increased government spending has made a very serious deficit.
Jubouri said in a statement, said that "our fear and fear of the large deficit, which accounted for up to 29 trillion dinars, compared with an expected revenue of 84 trillion dinars."
He added that "the Commission has the power to reduce transfers in the budget as it seeks to reduce the deficit, because this is very dangerous as the power to give the government the possibility of internal and external borrowing is also where many caveats."
He Jubouri that "external borrowing the conditions including the removal of subsidies on essential goods and services provided to citizens of oil such as derivatives, etc. These can cause problems as well as for providing sovereign guarantees that Strahan's future and economy of Iraq to countries abroad and the International Monetary Fund, and this we do not want being will make Iraq into a corner so we will press the deficit to downgrade what we can do. "
"The operating expenses for 2015 and today we are in the month of September the government has spent 44 trillion dinars since the beginning of this year, leaving the allocations of these expenditures only 25% to the end of the current fiscal year is estimated at 11 trillion dinars."
And between the member of the Finance representative that "the addition of this amount 11 trillion dinars of what was spent from the beginning of the year 44 trillion dinars will be expenses for the year-end real Ksrv about 55 trillion dinars why the draft 2016 budget in which spending 84 trillion dinars and why this difference between Almoisntin, although he did not get a change in the monetary policy of the government? ".
He explained that "Iraq has spent 55 trillion dinars for this year and that the amount was sufficient to government outlays for why this increase for the year 2016 and by about 29 trillion dinars ?!" He is adding that "this difference Atanaj to the follow-up of expenses which may be increased, but this is not a big difference."
He stressed that "we are going to follow up on the final accounts for 2015, especially since government spending has not stopped, such as salaries and other and if the government did not recognize these accounts Snhmlha responsibility and we will share with the Iraqi people on these facts," stressing "to be the existence of these accounts for the development of next year's budget."
He ruled out "the existence of rounded amounts from 2015 to 2016 because of spending all customizations specific to institutions and organizations assigned to them," adding that "the Finance Committee and in spite of its efforts to amend the budget law but unfortunately the government in the end to challenge them and check what you want so we will deal realistically and cooperate as much as possible with it. "
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50
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Section: Business & Finance Published on: Today, 13:58
Print the newsSend to Friendfont size
Parliamentary Finance: 2016 budget increased government expenditures and the size of the deficit has become a serious
BAGHDAD / Sky Press confirmed the Parliamentary Finance Committee member Haitham al-Jubouri, Saturday, that the draft next year's budget in 2016 has increased government spending has made a very serious deficit.
Jubouri said in a statement, said that "our fear and fear of the large deficit, which accounted for up to 29 trillion dinars, compared with an expected revenue of 84 trillion dinars."
He added that "the Commission has the power to reduce transfers in the budget as it seeks to reduce the deficit, because this is very dangerous as the power to give the government the possibility of internal and external borrowing is also where many caveats."
He Jubouri that "external borrowing the conditions including the removal of subsidies on essential goods and services provided to citizens of oil such as derivatives, etc. These can cause problems as well as for providing sovereign guarantees that Strahan's future and economy of Iraq to countries abroad and the International Monetary Fund, and this we do not want being will make Iraq into a corner so we will press the deficit to downgrade what we can do. "
"The operating expenses for 2015 and today we are in the month of September the government has spent 44 trillion dinars since the beginning of this year, leaving the allocations of these expenditures only 25% to the end of the current fiscal year is estimated at 11 trillion dinars."
And between the member of the Finance representative that "the addition of this amount 11 trillion dinars of what was spent from the beginning of the year 44 trillion dinars will be expenses for the year-end real Ksrv about 55 trillion dinars why the draft 2016 budget in which spending 84 trillion dinars and why this difference between Almoisntin, although he did not get a change in the monetary policy of the government? ".
He explained that "Iraq has spent 55 trillion dinars for this year and that the amount was sufficient to government outlays for why this increase for the year 2016 and by about 29 trillion dinars ?!" He is adding that "this difference Atanaj to the follow-up of expenses which may be increased, but this is not a big difference."
He stressed that "we are going to follow up on the final accounts for 2015, especially since government spending has not stopped, such as salaries and other and if the government did not recognize these accounts Snhmlha responsibility and we will share with the Iraqi people on these facts," stressing "to be the existence of these accounts for the development of next year's budget."
He ruled out "the existence of rounded amounts from 2015 to 2016 because of spending all customizations specific to institutions and organizations assigned to them," adding that "the Finance Committee and in spite of its efforts to amend the budget law but unfortunately the government in the end to challenge them and check what you want so we will deal realistically and cooperate as much as possible with it. "
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50
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