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Prime Minister describes the vertebrae 2016 budget
2015/10/21
{Baghdad: Euphrates News} The Office of the Prime Minister Haider al-Abadi paragraphs of the 2016 budget sent to the House of Representatives.
Economic Adviser to the Prime Minister the appearance of Mohammed Saleh said in a statement received by the agency {Euphrates News}, "The budget approved on the calculation of the price of a barrel of oil at $ 45 being {given} realistic that oil {Brent price rises} proportionately and sold about $ 52 a barrel as the price Average.
"Saleh added that the budget will be funded from internal revenues or borrowing from international financial institutions will be agreed upon after negotiations, and that the investment budget equivalent to 26% of the total state budget, a figure that corresponds to the budget deficit.
and the Economic Adviser to the Prime Minister that Kurdistan region's share in the budget of 17%, and will present them Appropriations sovereign expenditures of embassies and public debt and the ration card, and other provisions account for about 7% of total spending.
He added that the budget 2016 was 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 Each of Kurdistan and Kirkuk oil B550 thousand barrels a day.
Also, the roof of the budget next year Alanvaqa is 113 trillion dinars, while the operating budget accounted for 74%, while investment constitutes 26%, to be funded by oil export revenues of less than 70 trillion dinars , along with funding from other sources accounted for 14 trillion dinars. End
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