Iraq is bankrupt now because it possesses great potential
BAGHDAD - morning
curtain came down yesterday on the first legislative term, after extended for two exceptionally It was hoped that the place in which to read the draft of the federal budget of the country for the next year, the law, and then passed.
However, the drop in oil prices led to delay the federal budget, which is estimated approve $ 100 billion.
lifted the parliamentary session held yesterday under the chairmanship of House Speaker Salim al-Jubouri, and the presence of 175 deputies, after they have been listening to a detailed explanation from Prime Minister Haider al-Abadi, the reasons for delay in the state budget.
The Jubouri: The «legislative term holiday will start on Monday (today), but for a month, according to the rules of procedure of the parliament», stressing that Parliament «held a special meeting to discuss the draft budget law, in the event of arrival during the holiday period».
For his part, the prime minister stressed that « the country's budget will be approved during the period ranging from seven to ten days, according to the variables that will get in the oil market », indicating that« the Council of Ministers held several meetings to discuss the budget, but falling oil prices much is in the budget, where exposed to a significant reduction on the price of oil ».
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