A member of the Finance Committee is likely to reduce the budget next year is about 40 trillion dinars

| On 2013-10-12

Follow / electronic integrity

According to a member of the Finance Committee for the National Alliance MP Amin Hadi, the Ministry of Finance depend during approve the size the budget on the data provided by the Ministry of Oil Based on the size of the oil revenues.

Hadi said in a press statement seen by "integrity electronic" It is possible to reach the budget in 2014 to 170 trillion dinars, a large sum exceeds the size of the budgets of previous years, likely that the Council of Ministers downwards about 40 trillion dinars.

He added that "the increase in oil production and revenue is directly proportional to the size of the budget increase, noting that it is a positive indicator on the development of the proportion of services provided to citizens and increase the grades and expand the operations of reconstruction and drive the economy forward.

The "budget in 2013 amounted to 138 trillion Iraqi dinars, also, on the basis of an oil price of $ 90 a barrel, but with less volume exports of 2.9 million barrels a day.


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