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Najib expects to cover the budget deficit from oil prices
Wednesday, February 26, 2014 11:34
BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - said a member of the Finance Committee in the House of Representatives Najeebeh Najib, said that the budget deficit for the fiscal year is not physically present, indicating that the planned deficit is limited to theory and not in practice.
According to Najib's ( IMN ) "There is another important issue which is that the budget has been prepared on the basis of the sale of oil by $ 90 per barrel, while sell us oil rate of 115 dollars a barrel, which means adding more funds to the Treasury and therefore there are no concerns at this level" .
She pointed out that "there is a surplus in terms of operating expenses and do not spend all of what is paid does not exceed, at best, 90% of which is also the investment budget which does not spend more than 50%, which means the actual add resources to the state treasury."
And urged economic circles on the enactment of the current year budget, early, to avoid the problems that frequently access the investment, due to the delay in the adoption of the budget every year.
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Wednesday, February 26, 2014 11:34
BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - said a member of the Finance Committee in the House of Representatives Najeebeh Najib, said that the budget deficit for the fiscal year is not physically present, indicating that the planned deficit is limited to theory and not in practice.
According to Najib's ( IMN ) "There is another important issue which is that the budget has been prepared on the basis of the sale of oil by $ 90 per barrel, while sell us oil rate of 115 dollars a barrel, which means adding more funds to the Treasury and therefore there are no concerns at this level" .
She pointed out that "there is a surplus in terms of operating expenses and do not spend all of what is paid does not exceed, at best, 90% of which is also the investment budget which does not spend more than 50%, which means the actual add resources to the state treasury."
And urged economic circles on the enactment of the current year budget, early, to avoid the problems that frequently access the investment, due to the delay in the adoption of the budget every year.
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