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Parliamentary Finance confirms the possibility of passing the budget during the current month
10/23/15
Parliamentary Finance confirms the possibility of passing the budget during the current month
Said a member of the parliamentary Finance Committee Haitham al-Jubouri, on Friday, that the draft 2016 budget will be voted on during the current month in case it was agreed by the political blocs.
Jubouri said that "the Ministry of Finance has identified aspects of exchange to this budget according to a deliberate financial plans and will be converted to the House of Representatives for a vote," noting that "the Ministry of Finance has explained extensively recently doors budget rate where I went the majority of public expenditure to operational and investment area."
Jubouri said that "the Council is ready to vote on this budget in case of compatibility in respect thereof by the political blocs."
He noted that "the rise in oil prices in world markets and will support it wants extra budget for next year," stressing that "the proportion of the budget deficit in this large and must be addressed."
Jubouri and stressed the need to "encourage investment in the country in order to promote the economic reality in the light of budget austerity"
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