Parliament: 75 trillion loss in Iraq due to failure to pass the budget

by **Rocky** Sun 01 Jun 2014, 4:45 am

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Parliament: 75 trillion loss in Iraq due to failure to pass the budget

by Rocky Sun 01 Jun 2014, 4:45 am

Parliament: 75 trillion loss in Iraq due to failure to pass the budget

05/31/20140
The parliamentary Finance Committee said the loss of Iraq by not approving the budget estimated at 75 trillion during the first five months.

He said the parliamentary Finance Commission member Abdul Hussein Al-yasiri 2014 budget estimated at 170 trillion dinars, about 30,000 theses of 36%. He noted that investment when activated as a result of the failure to pass the budget caused a great loss to the country's agricultural sector and the commercial private sector which operates budget funds through projects and contracting. The total loss on various issues up to 75 trillion since the first of January to the end of the month and my guess about half a trillion dinars a day.

There are degrees of functional disrupted and is one of the losses suffered by the Iraqi people. He pointed out that failure to pass the budget stated one thing that 2014 will end without the financial deficit that the funds were not available and therefore would eliminate the deficit assessment estimated more than 32 trillion.

Part I is a member of the Finance Committee, Najib incapacity in a smart, budget deficit has educated so imaginary numbers. Najib said the budget had been prepared on the basis of the price of a barrel of oil at $ 90 a barrel currently is sold with what approach while 112 dollars which means that the money generated from the difference in price and reduce the deficit.

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