Expectations approve the budget before the end of the year

30/10/2016 0:00

Saleh «morning»: reduce the fiscal deficit by half
BAGHDAD / morning
Financial advisor to the prime minister predicted the appearance of Mohammed Saleh approve the budget year 2017 before the end of this year.

Saleh said in a statement »Sabah»: The «2017 budget will amount to more than 100 trillion dinars», adding that «the budget will be approved before the end of the year after completing its first reading Parliament». Saleh added that «the new budget, not much different in the paragraphs from the current year's budget, with a few differences, but the new thing is that it represents a transition from a war economy to a peace».

And Saleh, said that «the budget next year will enter another phase is the construction and reconstruction phase and convert a lot of military expenditures to the construction costs and progress, and so it ends to serve a new stage in the life of Iraq».

The Prime Minister Haider al-Abadi said at a news conference on Tuesday, the House of Representatives recognizes the federal budget for 2017, as he pointed out that the government re-consider some of the paragraphs of the budget has been reduced so that spending and reduce the deficit significantly by 50 percent.

Saleh also stressed that «Iraq also discussed with the IMF in 2017 budget year and installed in terms of expenditure and income and places of spending Exchange», indicating that «the discussions included some modifications to address the simple upon the agreement, especially with regard to reducing the deficit to 50 percent».

He pointed out that «the first draft in which the deficit was 34 trillion dinars, while the deficit after the adjustment half this amount».

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