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Parliamentary Finance: the draft 2016 budget law did not include solutions to the crisis, Baghdad and Erbil
07.10.2015
Baghdad)
He stressed the parliamentary finance committee member Rustam Masood Haider, Wednesday, that the draft general budget for the 2016 law did not include solutions to the financial crisis between Baghdad and Erbil.
He said Rustam's / scales News / "The parliamentary Finance Committee discussed the financial problem between the central government and the province Mchristan Iraq, with Finance Minister Hoshyar Zebari, Minister by hosting a session of the Committee."
The member of the parliamentary finance committee that "the draft general budget for the 2016 law did not include solutions to the financial crisis between Baghdad and Erbil, because the subject is up for political agreements between the province and the federal government, so we do not believe that he will resolve this matter at all in the budget law, and so far there are no no signs on the holding of meetings between the two parties. "
The "parliamentary Finance Committee member Ahmed Sarhan stressed that the shortfall in the budget of 2016 is estimated at 29 trillion Iraqi dinars," noting that "bad policies of previous governments and not to be exploited for oil imports at that time led to the financial deterioration in Iraq now."
The "Committee for the economy parliamentary member Mohammed Abbas stressed that" next year's budget in 2016 will take into account the military things needed by Iraq in its war against al Daash terrorist requirements, "noting that" the political and security situation the country is experiencing will affect the shape. "
And it imposed "government austerity measures in the 2015 budget because of lower oil prices and calculated at $ 50 per barrel, represented to cancel unnecessary expenses."
It is said that "a member of the economic and investment commission parliamentary Najiba Najib suggested earlier in the L / scales News /, reduce the price of a barrel of oil to $ 40 in the fiscal budget for 2016", while confirming that "the budget will amount to parliament soon."
It is said that "the parliamentary finance committee member Ahmed Hama confirmed L / scales News /, last Wednesday, it said that lower oil prices will increase an additional budget of $ fiscal budget deficit for next year one billion dollars."
This "The head of the Commission services and ages parliamentary Nazim al-Saadi's / scales News /, earlier, that his committee the government will be forced to allocate funds financial budget for the next year in 2016 to implement projects, among the priority projects will be for services."
With ", he stressed the economic expert on behalf of Antoine on the need to reconsider the budget in 2016 to estimate the real deficit," adding that "Iraq's economy will confront the risk if it continues to rely on the resources of the International Monetary Fund, local banks and foreign loans" ./ ended 29 n / 10
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