Finance Committee: are untrue to reduce the budget to 85 trillion to bridge the fiscal deficit

14/01/2015 11:50

BAGHDAD / Source News / .. denied a member of the Finance Committee MP Massoud Rustam, Wednesday, reducing the general budget to 85 trillion dinars because of lower oil prices and rising fiscal deficit of the state.

Said Rustam Agency / Source News /, that a number of analysts have suggested the two economies reduce the price of a barrel of oil to 30 or $ 40, noting that the Council of Ministers and MPs are concerned to reduce expenses to reduce the deficit in the draft budget.

He added that the Finance Committee is considering the possibility of reducing expenditures to about 10 trillion dinars to cover the deficit into a budget the size of 115 trillion instead of 125 relative to the estimated price of a barrel of the budget, denying that the 2015 budget be reduced to 85 trillion dinars.

He said Rustam: that the committee does not want the reduction affect the performance of institutions and Aaroatb employees who are paid below one million and a half and networks of social welfare and health services, noting that the reduction includes ministerial expenses and incidentals, and special grades .


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