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Member of the Finance Committee: a few relatively low incidence in central bank reserves is normal

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Rocky


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Member of the Finance Committee: a few relatively low incidence in central bank reserves is normal




Tuesday November 17 2015 17:50


Alsumaria News / Baghdad
Description parliamentary finance committee member Husam punitive, Tuesday, the financial budget's dependence on non-oil revenues by 17% of them "as good", among the relatively low occurrence of few in central bank reserves "is normal".

He said in an interview with the punitive Sumerian's News, "The difference between the budgets of 2015 and 2016 is clear in terms of retrenchment on the one hand, and increase the production and export of oil volumes and reduce the deficit, which we consider to be a good budget ratios."




He punitive, that "as a blueprint for the budget revenues are 83% dependent on oil and appreciated B79 trillion, and 17% on imports of non-oil revenues are estimated with 14 trillion," describing the figure as "good".

And between punitive, that "the Central Bank of the existing reserves estimated at 50 billion dollars, it is natural that the relative decline little happens in the bank reserve".

The session saw the House of Representatives under the chairmanship of the 38 Saleem al-Jubouri and the presence of 228, on Tuesday (November 2015 17), ending the second reading of the law of the general budget.


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