Parliament reads today the first reading of the 2016 budget law

Parliament reads today the first reading of the 2016 budget law



11/9/15

-oreet Follow-up - the parliamentary finance committee revealed, Monday, that the House of Representatives on Tuesday will read the draft financial budget for the 2016 parliamentary law.

Committee member Masood Haider said, "The meeting of the House of Representatives on Tuesday, will include the first reading of the draft federal budget for fiscal 2016 Act", noting that "after the first reading of the budget, will be converted law to the Finance Committee for the purpose of study and the addition of proposals and amendments Parliamentary them."

He continued that "to pass the budget, is linked to the political blocs in the House of Representatives and the consensus around it," expected "not to delay the approval and that the country needs it,"

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Parliamentary Finance: some paragraphs of the budget is clear and surprising seeking to borrow $ 14 billion
 
 
 
Author: ZJ
Editor: BK, HH
09/11/2015 16:06  
 
 
 
 
Long-Presse / Baghdad
 
The member of the Finance Committee, parliamentary, on Monday, that the total next budget in 2016 of 106 trillion dinars allocated of which 29 trillion of the aspects of investment and 76 for operating, indicating that the deficit value of 22 trillion dinars, while counting another member it includes several paragraphs "is obvious "that need detailed discussions with the government, Kt_khasisat displaced people and the popular crowd and the Peshmerga oil and file with the Kurdistan region, surprising from Iraq sought to borrow more than $ 14 billion to close the deficit, despite not being able to borrow one billion only during the current year.
 
The committee member said Haitham al-Jubouri, said in an interview to the (long-Presse), said that "the total amount in the next 2016 budget, is 106 trillion and 256 billion dinars, go, including 29 trillion budget investment and other 76 operational, a deficit of 22 trillion dinars."
 
He said al-Jubouri, that "the budget calculated on the basis of oil price protect me of $ 45 a barrel, and the rate of production of three million and 600 thousand barrels per day, of which 550 thousand barrels of the Kurdistan region's oil," noting that "the budget estimates total revenue for Iraq B69 trillion dinars, 13 trillion of which non-oil imports. "
 
And on the doors of the investment budget Exchange, said a member of the Parliamentary Finance Committee, that "13 trillion of which was allocated to oil projects, and three other electricity projects," noting that "one trillion and 750 billion dinars allocated to the provinces," without doors and other exchange addressed.
 
For his part, another member of the Parliamentary Finance Committee, that the budget bill includes loans "fictional" in excess of $ 14 billion to close the deficit, as well as many of the "non-obvious" items requiring detailed discussion with the government.
 
Said Masood Haider, in an interview to the (long-Presse), "The draft 2016 budget law will resort Iraq to borrow 14 billion and $ 500 million, to fill the existing deficits," he returned as "imaginary, especially that Iraq could not borrow a billion dollars in the current 2015 , how it will borrow a large amount, "
 
He stressed Haider, on the need for "a detailed discussion with the government on that loan, and many other non-obvious items that do not know on what basis specified amounts, such as displaced allocations, and the crowd popular and the Peshmerga, as well as the oil file with the Kurdistan region."
 
And was a member of the Parliamentary Finance Committee, Haitham al-Jubouri, said in his own social networking site (Facebook), that the draft budget law includes several paragraphs that make up the "laughing on the chins" Kt_khasisat support crop of wheat and rice, and the pension fund of state employees, and the crowd popular.
 
The Iraqi Council of Ministers approved, on Sunday (19 October 2015), the financial budget for the coming year 2016, B113 trillion Iraqi dinars and a deficit of 30 trillion dinars.
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