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Parliamentary Finance reveal the amount of the deficit in the "2016" budget
10/11/2015
Parliamentary Finance Committee confirmed on Saturday that the general federal deficit Malmoisnh for the year 2016 amounted to 29 trillion Iraqi dinars, noting that because of this reduction in the budget of 113 trillion to 100 trillion dinars.
The committee member said Masood Haider in a press statement, "The 2016 budget was built on the basis of making a barrel of oil set at $ 35 per barrel and that's why the real budget deficit," noting that "the mistake dependence on oil continuously so we must do other economic doors."
Haider said that "the region is going through difficult circumstances and harder than that security conditions being experienced by the country you need huge amounts of money to fill the security forces, the war that led requirements," adding that "the 2016 budget deficit of 29 trillion dinars."
"The government and parliament in the current circumstances are moving to reduce the budget of 113 trillion to 100 trillion dinars."
The country has the financial and economic crisis because of a sharp drop in oil prices and rising costs of the war on Daash criminal, Alanr which prompted the government to follow the austerity system and reduce government expenditure, and building the financial budget on the price of a barrel 35 Dolra.
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