Parliamentary Finance discussed with Zebari, Iraq's internal and external loans and budget

Since 06/10/2015 13:06 pm (Baghdad time)

Special - scales News

Stressed the parliamentary finance committee member Rustam Masood Haider, Tuesday, that his committee discussed with the Finance Minister, Hoshyar Zebari, Iraq's internal and external loans and the budget next year, likely delay in sending the budget on schedule.

Said Rustam's / scales News / "The parliamentary Finance Committee hosted the Finance Minister, Hoshyar Zebari, your ministry and Alastav, and discussed with Iraq's internal and external loans, and also discussed with him the draft general budget for Law in 2016 and we are waiting discussed in the Council of Ministers and the result in this discussion are either replay of the Ministry of Finance to re-drafting of the law or change part of it, whether operational or investment budget. "

The member of the parliamentary finance committee that "according to the law of public administration and public debt, the Council of Ministers must send the budget bill in the history of October 10 to the House of Representatives, but we suspect it's sent this history to the parliament, and there are no signs of it," He is noting that "the committee is ready to cooperate with the federal government to enact a real budget and figures close to reality and reflect the financial situation of the Iraqi state."

The "parliamentary Finance Committee member Ahmed Sarhan stressed that the shortfall in the budget of 2016 is estimated at 29 trillion Iraqi dinars," noting that "bad policies of previous governments and not to be exploited for oil imports at that time led to the financial deterioration in Iraq now."

The "Committee for the economy parliamentary member Mohammed Abbas stressed that" next year's budget in 2016 will take into account the military things needed by Iraq in its war against al Daash terrorist requirements, "noting that" the political and security situation the country is experiencing will affect the shape. "

And it imposed "government austerity measures in the 2015 budget because of lower oil prices and calculated at $ 50 per barrel, represented to cancel unnecessary expenses."

It is said that "a member of the economic and investment commission parliamentary Najiba Najib suggested earlier in the L / scales News /, reduce the price of a barrel of oil to $ 40 in the fiscal budget for 2016", while confirming that "the budget will amount to parliament soon."

It is said that "the parliamentary finance committee member Ahmed Hama confirmed L / scales News /, last Wednesday, it said that lower oil prices will increase an additional budget of $ fiscal budget deficit for next year one billion dollars."

This "The head of the Commission services and ages parliamentary Nazim al-Saadi's / scales News /, earlier, that his committee the government will be forced to allocate funds financial budget for the next year in 2016 to implement projects, among the priority projects will be for services."

With ", stressed the economic expert on behalf of Antoine on the need to reconsider the budget in 2016 to estimate the real deficit," adding that "Iraq's economy will confront the risk if it continues to rely on the resources of the International Monetary Fund, local banks and foreign loans" .

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