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Parliamentary economy: government will send the budget to parliament later this month
8/10/2015
BAGHDAD / Sky Press: suggested parliamentary committee the economy and investment, on Thursday, sending the 2016 budget from the government to parliament later this month, noting that the budget will be determined at a price of $ 45, regardless of the increase in oil prices or decline.
Said committee member Rep. Najiba Najib's "Sky Press," that "the budget adopted in accordance with the speculative numerical estimates may be realized or not," pointing out that "Iraq always is the annual budget price of oil optimistic it very much unlike some oil-producing countries, including the Gulf that determine the price Oil in their budgets a pessimist. "
He added that "The claims determine the price of a barrel of oil in the budget next year at $ 40 a barrel, but in the event of rising world oil prices will be determined at $ 45 a barrel," likely send the budget from the government to the parliament the end of October this month to discuss and vote on them. "
The Ministry of Finance earlier announced the completion of the preparation of the 2016 budget in the amount of $ 84 billion a specific oil price of $ 45 a barrel.
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8/10/2015
BAGHDAD / Sky Press: suggested parliamentary committee the economy and investment, on Thursday, sending the 2016 budget from the government to parliament later this month, noting that the budget will be determined at a price of $ 45, regardless of the increase in oil prices or decline.
Said committee member Rep. Najiba Najib's "Sky Press," that "the budget adopted in accordance with the speculative numerical estimates may be realized or not," pointing out that "Iraq always is the annual budget price of oil optimistic it very much unlike some oil-producing countries, including the Gulf that determine the price Oil in their budgets a pessimist. "
He added that "The claims determine the price of a barrel of oil in the budget next year at $ 40 a barrel, but in the event of rising world oil prices will be determined at $ 45 a barrel," likely send the budget from the government to the parliament the end of October this month to discuss and vote on them. "
The Ministry of Finance earlier announced the completion of the preparation of the 2016 budget in the amount of $ 84 billion a specific oil price of $ 45 a barrel.
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