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Cut government expenditures provided 7 trillion budget .. and will be subject to the salary scale for the study of Parliament
10/21/2015
Long-Presse / Baghdad
Parliamentary Finance Committee suggest the arrival of the draft federal budget law for 2016 to Parliament early next week. The Committee expressed optimism by passing the budget "with ease", revealing formed a committee to review the Cabinet decision on reducing the salaries of the staff.
The cabinet approved on Sunday, the draft federal budget for fiscal year 2016, which amounted to 106 trillion dinars law, and a deficit estimated at about 22 trillion dinars.
The Ministry of Finance, announced on the 15th of September 2015, for the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.
MP says Hossam punitive, a member of the Parliamentary Finance Committee, said that "early next week will see the arrival of the budget bill to the House of Representatives to make some amendments and additions," pointing to "It's the first time that will send the budget within the constitutional timing."
He punitive, told the (range), "The Finance Committee will conduct a study of government expenditures for 2015 and in the light of which will be the allocation of funds to ministries and government departments in the budget next year," noting that "the parliamentary Finance will hold a transaction in the doors of the budget in order to provide the necessary funds ".
He MP for the Liberal bloc that "the operating budget is divided into two categories, which includes compensation of employees (salaries), who had his sums of up to 40 trillion, and the second includes the service and goods, social welfare and the ration card and petty cash and luxuries, etc. which spotted her 43 trillion dinars."
The member of the Finance Committee that "the current budget was set at 83 trillion dinars, while investment amounted to 23 trillion dinars, and expenses amounting to a total of 106 trillion dinars and a projected deficit of more than 20 trillion dinars, almost."
And on the Council of Ministers decision to hold discounts on some grades, the punitive "says the Finance Committee began a study of the subject of reducing the salaries of the staff and it will end in the near time for adoption at the next year's budget."
And it asserts that "the Finance Committee would review all the paragraphs of the federal budget in consultation with the Council of Ministers in order to avoid any challenge in the federal budget law for next year." He revealed "a specific mechanism will be adopted by the Finance Committee to review and amend the draft budget to host all ministers and departments that will be adjusted their budgets."
In the same context, Mohamed Emeritus, economist and adviser to the House of Representatives, said that "the adoption of the draft federal budget law for 2016, is calculated by the Council of Ministers this project which will be sent to the House of Representatives next week," he says.
He said Honorary (range), that "the general budget reduced the deficit of 30 trillion dinars ratio to 23 trillion dinars by reducing government spending," pointing out that "the budget was built on the calculation of the price of a barrel of oil to 45 dollars per barrel."
Parliamentary adviser said that "speculative oil revenues will amount to about 69 trillion dinars, according to the draft budget, added to 14 trillion dinars in non-oil revenues."
So he says MP Ahmed Sarhan said that "the Finance Committee has not looked in detail the terms and paragraphs of the General Budget Law being not yet the Council of Ministers up to the parliament."
He said Ahmed, told the (range), that "the reduction of employees' salaries will be discussed at length within the Finance Committee," expected "to pass the budget in the House of Representatives easily project because of the stifling conditions experienced by Iraq."
He noted a member of the Finance Committee that "the budget identified 17% of the budget for the size of the region of Kurdistan."
From morning ..mamed
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10/21/2015
Long-Presse / Baghdad
Parliamentary Finance Committee suggest the arrival of the draft federal budget law for 2016 to Parliament early next week. The Committee expressed optimism by passing the budget "with ease", revealing formed a committee to review the Cabinet decision on reducing the salaries of the staff.
The cabinet approved on Sunday, the draft federal budget for fiscal year 2016, which amounted to 106 trillion dinars law, and a deficit estimated at about 22 trillion dinars.
The Ministry of Finance, announced on the 15th of September 2015, for the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.
MP says Hossam punitive, a member of the Parliamentary Finance Committee, said that "early next week will see the arrival of the budget bill to the House of Representatives to make some amendments and additions," pointing to "It's the first time that will send the budget within the constitutional timing."
He punitive, told the (range), "The Finance Committee will conduct a study of government expenditures for 2015 and in the light of which will be the allocation of funds to ministries and government departments in the budget next year," noting that "the parliamentary Finance will hold a transaction in the doors of the budget in order to provide the necessary funds ".
He MP for the Liberal bloc that "the operating budget is divided into two categories, which includes compensation of employees (salaries), who had his sums of up to 40 trillion, and the second includes the service and goods, social welfare and the ration card and petty cash and luxuries, etc. which spotted her 43 trillion dinars."
The member of the Finance Committee that "the current budget was set at 83 trillion dinars, while investment amounted to 23 trillion dinars, and expenses amounting to a total of 106 trillion dinars and a projected deficit of more than 20 trillion dinars, almost."
And on the Council of Ministers decision to hold discounts on some grades, the punitive "says the Finance Committee began a study of the subject of reducing the salaries of the staff and it will end in the near time for adoption at the next year's budget."
And it asserts that "the Finance Committee would review all the paragraphs of the federal budget in consultation with the Council of Ministers in order to avoid any challenge in the federal budget law for next year." He revealed "a specific mechanism will be adopted by the Finance Committee to review and amend the draft budget to host all ministers and departments that will be adjusted their budgets."
In the same context, Mohamed Emeritus, economist and adviser to the House of Representatives, said that "the adoption of the draft federal budget law for 2016, is calculated by the Council of Ministers this project which will be sent to the House of Representatives next week," he says.
He said Honorary (range), that "the general budget reduced the deficit of 30 trillion dinars ratio to 23 trillion dinars by reducing government spending," pointing out that "the budget was built on the calculation of the price of a barrel of oil to 45 dollars per barrel."
Parliamentary adviser said that "speculative oil revenues will amount to about 69 trillion dinars, according to the draft budget, added to 14 trillion dinars in non-oil revenues."
So he says MP Ahmed Sarhan said that "the Finance Committee has not looked in detail the terms and paragraphs of the General Budget Law being not yet the Council of Ministers up to the parliament."
He said Ahmed, told the (range), that "the reduction of employees' salaries will be discussed at length within the Finance Committee," expected "to pass the budget in the House of Representatives easily project because of the stifling conditions experienced by Iraq."
He noted a member of the Finance Committee that "the budget identified 17% of the budget for the size of the region of Kurdistan."
From morning ..mamed
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