Minister of Finance: budget priorities focus on defense, energy and displaced
Zebari said in a press statement "really are faced with a situation financially and economically difficult," adding, "the strategy was to offer a real budget and arrange budget in accordance with the actual revenues so that we can fulfill our priorities Home." And between Zebari said that "those priorities is to defend, fuel, electricity and displaced people in Iraq, where it has more than two million people lost their homes in the last year and these people need to return to their homes and to basic services, and reconstruction and security." The Minister of Finance said that "there is no specific number yet on the actual spending in 2014 but is expected to be higher than the amount of the draft budget for 2015". "The economy received a major Sdmtin in 2014 are growing organization Daash and loss of Agriculture and displacement," noting, "The second shock was the drop in oil prices." And the budget deficit, which stood at 23 trillion dinars Zebari said that "the government will finance the deficit through treasury bills and government bonds and borrowing from local banks." Zebari said he "expects oil prices to rise in 2015 and that any surplus revenue will be spent on investment projects."
[You must be registered and logged in to see this link.]