Wednesday, December 21, 2 / January 2015 12:34
Search Finance Minister Hoshyar Zebari, with Amos Houshstein US Assistant Secretary of State for Energy, financial and economic situation in the country and the volatility of oil prices in the global market.
According to a ministry statement received by all of Iraq [where] a copy of the "Zebari said that the government presented to the parliament's budget close to the reality of the current situation, and pressed on public expenditures and proposed a new income alternatives, as the government draws it off to increase the export capacity of oil."
The statement added that "During the meeting also discussed a number of international and regional issues."
The cabinet yesterday to form a committee to discuss the possibility of reducing government spending and increase internal resources to support the public treasury of the country, after increasing the deficit in the federal budget as a result of the proportion of lower oil prices.
As Deputy Prime Minister Bahaa al-Araji said that "the subject of exchange and spending for 2015 will be a month, according to oil imports for that month so we avoid crises and be in front of detailed knowledge, and it is natural to be expenses and expenses of parallel imports."
While considered the parliamentary finance committee member Majda al-Tamimi budget 2015 [fake] saying to [where] "There is an assumption for the price of oil and the export amount of non-existent, in fact, as if the current budget was prepared in another world they are on paper are, but in reality another form."
Iraq is facing financial hardship and a lack of liquidity with a large fiscal deficit is estimated at 60 trillion dinars due to lower global oil prices to below $ 50 per barrel, especially since the Iraq depends on oil rents by up to 85% .anthy
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