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Marsoumi: Budget approved a deficit of 27 trillion dinars
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The economic expert, Dr. Nabil Mersoumi, stressed that the budget approved public expenditures of 133 trillion dinars and public revenues of 105 trillion dinars, a deficit of 27 trillion Iraqi dinars, indicating that a large deficit represents 18% of the general size of the budget of Iraq, saying that the deficit occurs when the budget With expenditures exceeding its potential or revenues, the latter is 105 trillion dinars.
Al-Marsoumi said in a statement that "usually in the Iraqi budgets three sources of funding deficit, the first source surplus if achieved in the previous budgets and in this budget 7 trillion and 700 billion dinars were recycled, and the other source domestic or external borrowing and the third source funding deficit is suspended in Iraq , Pointing out that the internal borrowing up to the limit of one trillion and 309 billion dinars and remaining 18 trillion and 500 billion dinars funded through external borrowing, saying, "Here is the big problem in the organization of this budget because the risk of large deficits is always large on the economy of any country, especially when it spends this Amount charged Operational issues and not investment. "
He explained by saying"
Al-Marsoumi continued that "the calculation of the budget based on the price of a barrel of oil at $ 56 is a balanced and acceptable price according to the preliminary readings of oil prices for 2019, but Iraqi parliamentarians when they decided to prevent external borrowing of 18 trillion and 500 billion dinars," Who compensates this difference? It was supposed to cancel it to be resorted to the pressure of expenditure, and without doing so, the Iraqi budget was built implicitly price scheme of $ 71 per barrel of oil, describing the issue of cancellation of external borrowing by irresponsible work and indicates the inefficiency of the Economic Parliament in approving the budget, on her There is no country in the world built its budget on the price of $ 71 per barrel of oil, expecting that the budget of 2019 will disrupt many investment programs because of lack of financial resources.
He pointed out that "the share of Basra of this budget up to one trillion and 100 billion dinars as investment allocations, equivalent to only 25% of the benefits of legal and constitutional as the benefits of up to more than 4 trillion dinars, and yet it is a large amount if the expenditure was managed by True and launched in time. "
And on the share of the Kurdish component in the federal budget has pointed out that it amounts to 14% added to the salaries of the Peshmerga forces to deliver the region revenues of 250 thousand barrels of oil per day to the Treasury Federal.
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The economic expert, Dr. Nabil Mersoumi, stressed that the budget approved public expenditures of 133 trillion dinars and public revenues of 105 trillion dinars, a deficit of 27 trillion Iraqi dinars, indicating that a large deficit represents 18% of the general size of the budget of Iraq, saying that the deficit occurs when the budget With expenditures exceeding its potential or revenues, the latter is 105 trillion dinars.
Al-Marsoumi said in a statement that "usually in the Iraqi budgets three sources of funding deficit, the first source surplus if achieved in the previous budgets and in this budget 7 trillion and 700 billion dinars were recycled, and the other source domestic or external borrowing and the third source funding deficit is suspended in Iraq , Pointing out that the internal borrowing up to the limit of one trillion and 309 billion dinars and remaining 18 trillion and 500 billion dinars funded through external borrowing, saying, "Here is the big problem in the organization of this budget because the risk of large deficits is always large on the economy of any country, especially when it spends this Amount charged Operational issues and not investment. "
He explained by saying"
Al-Marsoumi continued that "the calculation of the budget based on the price of a barrel of oil at $ 56 is a balanced and acceptable price according to the preliminary readings of oil prices for 2019, but Iraqi parliamentarians when they decided to prevent external borrowing of 18 trillion and 500 billion dinars," Who compensates this difference? It was supposed to cancel it to be resorted to the pressure of expenditure, and without doing so, the Iraqi budget was built implicitly price scheme of $ 71 per barrel of oil, describing the issue of cancellation of external borrowing by irresponsible work and indicates the inefficiency of the Economic Parliament in approving the budget, on her There is no country in the world built its budget on the price of $ 71 per barrel of oil, expecting that the budget of 2019 will disrupt many investment programs because of lack of financial resources.
He pointed out that "the share of Basra of this budget up to one trillion and 100 billion dinars as investment allocations, equivalent to only 25% of the benefits of legal and constitutional as the benefits of up to more than 4 trillion dinars, and yet it is a large amount if the expenditure was managed by True and launched in time. "
And on the share of the Kurdish component in the federal budget has pointed out that it amounts to 14% added to the salaries of the Peshmerga forces to deliver the region revenues of 250 thousand barrels of oil per day to the Treasury Federal.
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