Finance Committee: more than 188 trillion dinars budget in 2016

by **Rocky** Tue 30 Jul 2013, 6:42 am

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Finance Committee: more than 188 trillion dinars budget in 2016

by Rocky Tue 30 Jul 2013, 6:42 am

Finance Committee: more than 188 trillion dinars budget in 2016

30/07/2013
BAGHDAD / JD / .. announced the Finance Committee in the House of Representatives that the 2016 budget will be more than 188 trillion dinars.
Committee member said Magda al-Tamimi told the reporter / JD / within the Committee prepared for the budgets of Iraq strategy for the years 2014, 2015 and 2016 to be identified last year's budget up to 188 trillion and 188 billion dinars.
It showed that the total expenditure will be up to 178 trillion and 316 billion, noting that specified for the deficit in 2016 would be around 10 trillion and 567 billion dinars, or 3 percent of GDP.
And hinted Tamimi, he was awarded a price of a barrel of oil in 2016 up to 90 dollars per barrel, while the estimated quantities of oil production by 4.65 million barrels per day, noting that the exchange rate of the dollar will be up to 1.16 dinars per dollar.
The Finance Committee has announced that the 2015 budget will be increased by 157 trillion and 285 billion dinars
Said committee member Magda Tamimi in an earlier statement to the reporter / JD / he was forming a committee to prepare a budget strategy for the coming years, including the budget 2015 will be the total revenues have increased by 157 trillion and 285 billion dinars, while it will be the total expenditure of $ 168 trillion and 837 billion.
She added that the deficit in the budget year will be mentioned by 11 trillion and 552 billion, noting that he will be calculated per barrel of oil at $ 90 in quantities of oil source is estimated at 3.85 million barrels per day.
And alerted Tamimi that calculating the exchange rate of the dollar will be increased by 1.16 dinars, pointing out that the Commission had not received the report of a central location around the dinar exchange rate against the dollar, prompting the Commission to adopt the exchange rate on previous years and such a thing is not permitted at all. / End / / 23

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