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In the parliamentary Finance member calls to reduce the 2016 budget oil price to $ 40 and quantity to 3 million barrels to reduce the deficit
2015/9/20
[Baghdad-where]
He called the parliamentary finance committee member Masood Haider to reduce the estimated price for a barrel of oil in the draft of the Ministry of Finance to balance in 2016 from $ 45 to $ 40, as well as exports of 3.6 million barrels to 3 million barrels per day estimate to reduce the projected fiscal deficit the size of 26.5%.
Haider said in a statement received by the agency all of Iraq [where] a copy of it, that "the government estimated the price of oil by $ 40] with the quantities of oil by 3 million barrels per day] becomes oil revenues [$ 43.8 billion] any [51.684 trillion dinars] a difference of 18 trillion dinars] [27%] for the theoretical figure in the draft law. "
He pointed out that "the available information on other sources of revenue for 2015 confirms that the figures are stated in the 2015 budget were not accurate and it's up to 15% of what degree was as a figure of revenue for another."
He said Haider that he "had to be on the government to estimate the real figures for non-oil revenues Ideally up to 7 trillion dinars] Thus, the total state revenues [58.684 trillion dinars], and this amount is closer to the reality of 2016 and in the light of that must be specified spending in the Iraqi state institutions and determine the budget deficit. "
He said a member of the parliamentary finance "in the event of total expenditures to keep [113.5 trillion dinars], the amount of the budget deficit would be [54.816 trillion dinars] a rate [48.3%] of the general budget."
He Haidar, said that "the security and defense sector identified a higher proportion of the budget and then the oil sector comes then education and then health and education, raising questions that the agricultural sector and the tourism industries of non-oil not allocated to him in line with the reform plan the budget."
He said 2016 would be a complement to the 2015 economic sense and get out of this economic crisis, and the government can take beyond the familiar economic decisions. "
He pointed to "the collapse of the security situation in the western provinces and the advent of terrorism to Iraq in mid 2014 with the presence of the state in which I consulted financial and administrative corruption institutions and flaccid large numbers of employees exceed all international standards with a decrease in oil prices, the proportion exceeded 60%," noting that "contributed to the put the Iraqi state with all its institutions in a position not seen since 2003 ".
He attributed the Kurdish lawmaker "This situation he were not the political leaders who have received the referee after 2003 clear visions for the project of building the institutional state of citizenship where the main theme of peaceful coexistence between the components and the real participation in the political, security and economic decisions, diplomatic relations, making".
Masood Haider said: that Iraq has become an open arena for regional and international conflicts on the one hand and face the threat of terrorism and the risk of ugly lack of a strategy to build solid institutions and a strong economy plans. "
And accept Adhano parliamentary finance committee of the Iraqi budget, he said: Although budgets fictional Iraqi state, which began in the amount of [$ 6.1 billion] in 2003 to up to [$ 115 billion] in 2013, an increase of 95% over ten years in the state budget, was not reflected on the economy Iraqi Baktaath industrial, agricultural and tourism as not to activate the private sector to reduce the heavy burden on the state institutions and the creation of work for the energies and competencies Youth opportunities on the one hand and increase the sources of revenue of the state on the other. "
He said the "the Iraqi economy remained economical Rieia relies on as a source of essential oil revenue by about 95%, and as a result of this economic policy is good and the sharp decline in oil prices and the waste of hundreds of billions in the past years brought Iraq to a state of crisis and very critical financial situation in 2015 and the financial situation critical and economic state Iraq will continue in 2016 as well. "
He noted that "Alambla's total budget in 2016 is [113.500 trillion dinars] any [96.186 billion dollars, which was allocated about [73%] of it for ongoing expenses by [83.025 trillion dinars] any [70.36 billion], and allocated [27%] him for the expenses of the investment by [30.48 trillion dinars] any [25.83 billion], and as oil revenues by [69.77 trillion dinars and non-oil by [14.3 trillion dinars, which the deficit ratio by these figures up to [26%] by [29.43 trillion dinars] a [$ 25 billion]. "
Haider pointed out that "the price of a barrel of oil estimated in the draft 2016 budget by $ 45] and the quantities of exported oil by 3.6 million barrels a day], including the Kurdistan region's oil.
He said if they were compared with the 2016 budget 2015 budget we see that the figures are similar total expenditures have been reduced by about 5% while the theoretical revenue may have decreased about 11%. Economic indicators suggest that the price of oil on the world market has been swinging between $ 45-50, meaning that Iraq's oil could range between $ 38-43, it is worthwhile for the government to determine the quantities of exported oil for 2016 by 3 million barrels per day] except for the Kurdistan region because Export of the first seven months of 2015 the rate was [2.98 million barrels per day] [Basra oil with Kirkuk]. "ended
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2015/9/20
[Baghdad-where]
He called the parliamentary finance committee member Masood Haider to reduce the estimated price for a barrel of oil in the draft of the Ministry of Finance to balance in 2016 from $ 45 to $ 40, as well as exports of 3.6 million barrels to 3 million barrels per day estimate to reduce the projected fiscal deficit the size of 26.5%.
Haider said in a statement received by the agency all of Iraq [where] a copy of it, that "the government estimated the price of oil by $ 40] with the quantities of oil by 3 million barrels per day] becomes oil revenues [$ 43.8 billion] any [51.684 trillion dinars] a difference of 18 trillion dinars] [27%] for the theoretical figure in the draft law. "
He pointed out that "the available information on other sources of revenue for 2015 confirms that the figures are stated in the 2015 budget were not accurate and it's up to 15% of what degree was as a figure of revenue for another."
He said Haider that he "had to be on the government to estimate the real figures for non-oil revenues Ideally up to 7 trillion dinars] Thus, the total state revenues [58.684 trillion dinars], and this amount is closer to the reality of 2016 and in the light of that must be specified spending in the Iraqi state institutions and determine the budget deficit. "
He said a member of the parliamentary finance "in the event of total expenditures to keep [113.5 trillion dinars], the amount of the budget deficit would be [54.816 trillion dinars] a rate [48.3%] of the general budget."
He Haidar, said that "the security and defense sector identified a higher proportion of the budget and then the oil sector comes then education and then health and education, raising questions that the agricultural sector and the tourism industries of non-oil not allocated to him in line with the reform plan the budget."
He said 2016 would be a complement to the 2015 economic sense and get out of this economic crisis, and the government can take beyond the familiar economic decisions. "
He pointed to "the collapse of the security situation in the western provinces and the advent of terrorism to Iraq in mid 2014 with the presence of the state in which I consulted financial and administrative corruption institutions and flaccid large numbers of employees exceed all international standards with a decrease in oil prices, the proportion exceeded 60%," noting that "contributed to the put the Iraqi state with all its institutions in a position not seen since 2003 ".
He attributed the Kurdish lawmaker "This situation he were not the political leaders who have received the referee after 2003 clear visions for the project of building the institutional state of citizenship where the main theme of peaceful coexistence between the components and the real participation in the political, security and economic decisions, diplomatic relations, making".
Masood Haider said: that Iraq has become an open arena for regional and international conflicts on the one hand and face the threat of terrorism and the risk of ugly lack of a strategy to build solid institutions and a strong economy plans. "
And accept Adhano parliamentary finance committee of the Iraqi budget, he said: Although budgets fictional Iraqi state, which began in the amount of [$ 6.1 billion] in 2003 to up to [$ 115 billion] in 2013, an increase of 95% over ten years in the state budget, was not reflected on the economy Iraqi Baktaath industrial, agricultural and tourism as not to activate the private sector to reduce the heavy burden on the state institutions and the creation of work for the energies and competencies Youth opportunities on the one hand and increase the sources of revenue of the state on the other. "
He said the "the Iraqi economy remained economical Rieia relies on as a source of essential oil revenue by about 95%, and as a result of this economic policy is good and the sharp decline in oil prices and the waste of hundreds of billions in the past years brought Iraq to a state of crisis and very critical financial situation in 2015 and the financial situation critical and economic state Iraq will continue in 2016 as well. "
He noted that "Alambla's total budget in 2016 is [113.500 trillion dinars] any [96.186 billion dollars, which was allocated about [73%] of it for ongoing expenses by [83.025 trillion dinars] any [70.36 billion], and allocated [27%] him for the expenses of the investment by [30.48 trillion dinars] any [25.83 billion], and as oil revenues by [69.77 trillion dinars and non-oil by [14.3 trillion dinars, which the deficit ratio by these figures up to [26%] by [29.43 trillion dinars] a [$ 25 billion]. "
Haider pointed out that "the price of a barrel of oil estimated in the draft 2016 budget by $ 45] and the quantities of exported oil by 3.6 million barrels a day], including the Kurdistan region's oil.
He said if they were compared with the 2016 budget 2015 budget we see that the figures are similar total expenditures have been reduced by about 5% while the theoretical revenue may have decreased about 11%. Economic indicators suggest that the price of oil on the world market has been swinging between $ 45-50, meaning that Iraq's oil could range between $ 38-43, it is worthwhile for the government to determine the quantities of exported oil for 2016 by 3 million barrels per day] except for the Kurdistan region because Export of the first seven months of 2015 the rate was [2.98 million barrels per day] [Basra oil with Kirkuk]. "ended
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