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Nassif: the budget deficit larger than what is declared

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Rocky


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Nassif: the budget deficit larger than what is declared




11/11/15

Revealed the Integrity Commission, the parliamentary member of the high Nassif, Wednesday, that the budget deficit for 2016, which is the largest publicly in the media.
Nassif said, in a press statement, said that "the deficit in the next budget for 2016, which is the biggest trader on the price of oil that was selected."
She Nassif that "the process of bridging the deficit through foreign borrowing is clear, in terms of how to borrow and the interest rate and the percentage will get the Kurdistan region of the next loan."
It is said that the Iraqi Council of Ministers approved in 18 of the last month of the financial budget for the 2016 law, which included its draft that the total expenditure of more than $ 113 trillion dinars, which is low by about six trillion dinars from the budget last year, which was 119 trillion dinars, while showed that the budget deficit ratio stood at 26.5%, or about 30 trillion dinars.
Revenue from export of crude oil have been calculated on the basis of the average price of $ 45 per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk province and restricts All revenue actually income once the public treasury of the state to account.


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