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Economic adviser Ebadi reveals details and doors 2016 budget exchange
BAGHDAD - Iraq Press - October 21: Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, on Wednesday, new details of the doors of the country's general budget for 2016 and sent to Parliament for approval.
Saleh explained in a statement received / Iraq Press /, a copy of it, that "the general budget of the country and developed on the basis of calculating the price of a barrel of oil at $ 45 a barrel on the rise in relative terms to reach $ 52 a barrel."
"The budget will be funded from internal revenues or by borrowing from international financial institutions will be agreed upon after negotiations."
And on the investment budget he confirmed it, "equivalent to 26% of the total state budget, a figure that corresponds to the budget deficit."
On the Kurdistan region's share in the budget has reached, according to the statement, 17% of which will be offered as expenditure allocations sovereign embassies and public debt and the ration card and other provisions account for about 7% of total spending. "
The statement said, "The budget has been prepared on the basis of Iraq's ability to export oil, at a rate of 3.3 million barrels per day, and calculating the export of all of Kurdistan and Kirkuk oil by 550 thousand barrels per day." Noting that "the roof of the budget in 2016 Alanvaqa is 113 trillion dinars," constitutes the operating budget 74% of them, either investment constitute 26%, to be funded by oil export revenues of less than 70 trillion dinars, as well as funding from other sources form the proportion of 14 trillion dinars. "
The Council of Ministers approved in its extraordinary past Sunday, the draft federal budget for fiscal year ended 2016.
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