Parliamentary Finance Committee revealed on Saturday that the financial budget for 2016 provided by the Ministry of Finance to the Council of Ministers reached 113 trillion dinars pricing amounted to $ 45 a barrel and a daily production of 3.6 b. M .
Said committee member Magda Abdel-Latif told / information /, that "the Ministry of Finance presented the 2016 budget to the cabinet for approval, with a total amount of the budget amounted to 113 trillion dinars and calculating the price of a barrel of oil at $ 45 and on the production 3.6 b. M, where kept getting 550 b M. from the Kurdistan region last year, according to the Convention, "pointing out that" the figure of the Kurdistan oil production probably will not be achieved along the lines of last year because the problem still exists and will not find the federal and provincial governments any solution to it. "
"The new investment budget amounted to 30.04 trillion dinars from the amount of the budget, but it will go to ongoing projects in the event of an increase will go to new projects."
The Ministry of Finance has announced that it has completed the budget in 2016 and sent to the Cabinet for approval and submit them to the House of Representatives for approva
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