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Saleh: next year's budget deficit can be treated
9/18/2016 0:00
[rtl]Can make a change in its structure and transfers for the benefit of reconstruction
BAGHDAD Shokran Fatlawi
characterized the budget year 2017 next to my optimism and positive bright even though they do not vary much from the current year 's budget , but in the adoption price of oil ,which, as well as expectations of increased oil production volume to rates achieved revenues as part of the equation difficult financing faced by the country from the war on terror} {Daesh and the decline in world oil prices since 2014.
He announced a financial advisor to the Prime Minister Dr. The appearance ofMohammed Saleh , said that the side optimistic for next year 's budget is the possibility of a change in its structure and make transfers for the benefit of reconstruction and construction with the capacity to deal with its deficit of around 34 trillion dinars from internal sources and external represented by the Convention with the Bank and theInternational Monetary Fund and international bodies chock, or asylum to borrow
procedure.
He expected the benefit to be ceiling total Alanvaqa budget about 103 trillion dinars and that the budget year turn in 2017, which was approved by the Council of Ministers of thewar budget to a peace budget after eliminating gangs «Daesh» terrorist and turning a lot of high packing expenses to the field of reconstruction and construction and stability ofcities and infrastructure , rapid construction, joints and other such as the operation ofwater systems , health units and schools. operational spending and adding financial advisor to the Prime Minister in his speech for the «morning» on the sidelines of aneconomic seminar organized by the recent progress of policy development institute that the priorities of operational spending will be for salaries and wages and social welfare intact, indicating that the budget year 2017 technically not different from the 2016 budget year , but different pricing oil, where the price of a barrel of oil in 2016, $ 40 a barrel as to reach in the next budget to $ 35 per barrel, returned barrel calculating this price action plus the fact that oil prices will range between $ 40-45 per barrel. production volumeand with respect to the budget and production of oil Saleh explained that what isrequired to increase the volume of production for the current year , production in theframework of the financing equation difficult and roof of the proposed budget for 2017 with respect to the price of the barrel and the volume of production of 3.88 million barrels noting that it did not affect the deficit , which jumped from 24 Trliuna to 34 trillion size of dinars. the maximum power for export Saleh revealed the existence of a problem is at maximum capacity for export amounting to 4.1 million barrels , and the difference between planned for export and absorptive capacity is 200,000 barrels per day , which is insufficient to meet consumption local of 650,000 barrels, indicating that the investment capacity of oil is good in light of the modest allocations with financial benefits for companies licenses required repaid. improve negotiating conditions Saleh called on the need to improve the negotiating conditions for licensing contracts and taxed in a clear and transparent to the presence of tax evasion for these companies as called to theimportance of the study of moderating the costs of the large waste, pointing out that thetotal revenue for 2017 will amount to 70 trillion dinars of oil revenues 58 trillion dinars and other income 11 Trliuna and the barrel price will be $ 35 and the amount of current expenditures 76 percent and investment 24 percent. future investment plan and concluded in favor Speaking that the investment budget will be mostly for the oil sector and power sector as regards the structure of long - term infrastructure , it will depend on donors, and directions of future investment plan of the Ministry of planning and by 2018 - 2023 investment plan , which will be one of its aspects structuring infrastructure in thecountry that were destroyed, stressing especially The terrorist organization destroyed more than 140 bridges and a large number of infrastructure.[/rtl]
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