In the parliamentary Finance Member: vote on the budget after two months and the fluctuation of oil prices will not delay the [audio]

History of edits:: 2015/9/29 10:10

[Baghdad - where]
He favored the parliamentary Finance Committee member Jabbar al-Abadi, providing the federal budget for next year to vote in 2016 during the month of December next.

Ebadi said, told all of Iraq [where], "The budget is supposed to reach the House of Representatives, through October next month, according to legal timings to be discussed, as approval is assumed before the end of this year," adding that "the 2015 budget approved in last December 25, so there is enough time for discussion and approval. "

The member of the parliamentary finance committee that "the budget if parliament reached according to the promise in the next month will be discussed within the Commission and in the light of the debate will set a date for a vote." He pointed out that the budget in 2015 lasted up to a month in the House of Representatives voted on before. "

And "If you arrive [budget] the end of the month of October being now at the Council of Ministers, it is possible during the month of November to be discussed in the Finance Committee and if there are no points of disagreement or something worth returned to the government will likely put to a vote in December." .

With regard to the fluctuation of oil prices, and whether they will contribute to delay adoption of the budget, Abadi said, "we have seen the volatility of oil prices in more than a year, so it can not wait until price stability may not stabilize over a short period, so the government put a price approximation of oil up to $ 45 per barrel will be adopted as the rate of initial oil ", ruling that" the adoption of the budget delay is due to the fluctuation of oil prices, "adding that he" will walk according to the price at which he was placed. "

The decision of the Finance Committee, Ahmed al-Haj, said that the 2016 budget will come to Parliament in a timely manner the tenth of next month in October, pointing to [where], "The House of Representatives awaiting the budget on time and then to parliament 25 days for discussion in the corridors and therefore, the Council House of Representatives has a specific power to carry and reduce costs. "


As for the problems facing the budget said Haj that there is a deficit gap, which amounts to 29% and this is an obstacle a real front of the application of the budget, as well as that this breach the gap with international standards in terms indicate that he must exceed the budget deficit of 15% and this overtaking on international standards, poses a threat to Some budget items, including borrowing.

The draft of the Ministry of Finance for the 2016 budget submitted to the Council of Ministers on 15 September of this, an expenditure of 113.5 trillion Iraqi dinars [US $ 99.65 billion with a deficit of 29.4 trillion dinars [25.81 billion] .

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