Expectations of better fiscal policy for Iraq in 2016

September 20, 2015 10:44

Direct: I expected a member of the economic and investment commission in Parliament, that the fiscal policy for Iraq will improve in 2016.

Najib Najib said today, "The prime minister Haider al-Abadi, has as a result of economic mentality his years in government and parliament, indicating that" policies that have drawn will lead to improvement in the financial situation of Iraq in the sixth month of the year 2016 ".

She said according to the news agency where, that "the current situation in which we are going through paid involved in the government to use domestic and foreign economic minds to promote the financial and economic Ballowaqaan, pointing out that the situation" will be reflected positively in the near future. "

The "answer" to the "problem committees to collect water, electricity, wages will increase in fiscal revenues for the country, adding that" the financial situation of Iraq will be better in 2016 ".

Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources, reaching its budget in 2015 to $ 100 billion, with a deficit expected up to 25%, which Government pay to put up Treasury bonds worth $ 6 billion, and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit with the continuation of falling prices.

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