Finance Committee: the reduction in expenditure will reach five trillion dinars of revenues
Tomorrow Press / Baghdad confirmed the decision of the Finance Committee parliamentary Hama Rashid Ahmed, on Wednesday, the committee is working to reduce costs in most ministries and state institutions, adding that the reduction of budget expenditures will reach nearly five trillion dinars of the country's revenue.
The flesh for "tomorrow Press", "The Finance Committee is trying to reduce some of the excess expenditures in some ministries or unnecessary any possible accelerated to another time," pointing out that "the Finance Committee today ratifies the budget, but to prepare the budget and then ratification" .
"The reduction of working on the Finance Committee 10% do not reach, but nearly 5% of the revenue of any borders five trillion dinars, or a little more," noting that "the reduction of expenses included almost all ministries so far and continuing as to all ministries complain of reduced expenses because the Ministry of Finance is reduced amounts originally proposed by them as well as the Committee also working on shrinking and that was a little thing. "
He explained that "the ministries they are satisfied with this reduction, particularly after Atalaanahm on the reality of the situation", adding that "after the Finance Committee are preparing the final report submitted to the Presidency and then exposed to the ratification of the presidency."
Oil prices have fallen in the global markets to less than $ 50 per barrel after these prices have been rising during the middle of last year to more than $ 110 per barrel, making the impact on the current year's budget in 2015 where the deficit amounted to more than 25 trillion dinars.
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