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Council of Ministers will hold its special session to approve the 2016 budget
2015/10/18
[Baghdad-where]
hold a Council of Ministers, is now its own special approval of the draft budget for fiscal 2016 Act.
He favored the Office of the Prime Minister Haider al-Abadi approving the budget today.
He was an economic advisor to the prime minister appearance of Mohammed Saleh said on Saturday that there is a reduction in the budget of 2016, and that the omission had been for unnecessary expenses.
"Said Saleh's [where] that" the 2016 budget will be discussed tomorrow [Today] in the special session of the Council of Ministers which will go toward reducing expenses, and will be some unnecessary expenditure reduction.
"The said two ministers in the federal government, that" Atkhvad or significant changes in the total expenditure in the draft 2016 budget law "and showed that" the total amount of expenses budget estimated at 114 trillion dinars paid income of $ 84 trillion and 73 billion and 557 million dinars.
"The Ministry of Finance has announced that in 16 of last September it had delivered the draft 2016 budget to the cabinet for approval as published in its official website a copy of the draft, but the Council Cabinet decided earlier in the formation of a committee to investigate how the leak of this draft to the media.
According to the draft budget that the total expenditure of more than 113 trillion dinars, which is low by about six trillion dinars from the budget last year, which was 119 trillion dinars The percentage of 2016 budget deficit amounted to 26.5 %, or about 30 trillion dinars.
as reported by the Ministry of Finance accounts slightly higher deficit next year's budget in 2016 by 1.5% from last year's budget in 2015, which was of 25%, has calculated the revenues derived from the export of crude oil on the basis of the average price of 45 dollars per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk province, and that all revenue actually income once the public treasury of the state to account.
She draft budget to the Revenue speculative Iraq from sales of oil for the next 2016 an estimated $ 59 billion is equivalent to 83% of federal budget revenues.
According to figures contained in the draft that the oil revenues and mineral wealth is estimated at 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total Estimated revenues to 84 trillion dinars and add to it Estimated amounts obtained from the loans and the other to cover the deficit in the budget.
This is equivalent to oil revenues, the value of the dollar 59 billion and 130 million Dolar.anthy
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2015/10/18
[Baghdad-where]
hold a Council of Ministers, is now its own special approval of the draft budget for fiscal 2016 Act.
He favored the Office of the Prime Minister Haider al-Abadi approving the budget today.
He was an economic advisor to the prime minister appearance of Mohammed Saleh said on Saturday that there is a reduction in the budget of 2016, and that the omission had been for unnecessary expenses.
"Said Saleh's [where] that" the 2016 budget will be discussed tomorrow [Today] in the special session of the Council of Ministers which will go toward reducing expenses, and will be some unnecessary expenditure reduction.
"The said two ministers in the federal government, that" Atkhvad or significant changes in the total expenditure in the draft 2016 budget law "and showed that" the total amount of expenses budget estimated at 114 trillion dinars paid income of $ 84 trillion and 73 billion and 557 million dinars.
"The Ministry of Finance has announced that in 16 of last September it had delivered the draft 2016 budget to the cabinet for approval as published in its official website a copy of the draft, but the Council Cabinet decided earlier in the formation of a committee to investigate how the leak of this draft to the media.
According to the draft budget that the total expenditure of more than 113 trillion dinars, which is low by about six trillion dinars from the budget last year, which was 119 trillion dinars The percentage of 2016 budget deficit amounted to 26.5 %, or about 30 trillion dinars.
as reported by the Ministry of Finance accounts slightly higher deficit next year's budget in 2016 by 1.5% from last year's budget in 2015, which was of 25%, has calculated the revenues derived from the export of crude oil on the basis of the average price of 45 dollars per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk province, and that all revenue actually income once the public treasury of the state to account.
She draft budget to the Revenue speculative Iraq from sales of oil for the next 2016 an estimated $ 59 billion is equivalent to 83% of federal budget revenues.
According to figures contained in the draft that the oil revenues and mineral wealth is estimated at 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total Estimated revenues to 84 trillion dinars and add to it Estimated amounts obtained from the loans and the other to cover the deficit in the budget.
This is equivalent to oil revenues, the value of the dollar 59 billion and 130 million Dolar.anthy
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