October 20, 2015
BAGHDAD / Center Brief for the Iraqi Media Network - (IMN) Parliamentary Legal Committee member Ahmed Sarhan said, that the Commission will take over next week's draft federal budget for the 2016 law to direct the discussion procedures.
He said Ahmed's (IMN) that "the Finance Committee will begin the draft federal budget for 2016 law discussions next week and opens the door to receive the notes of the House of Representatives after reading a first reading in the House of Representatives."
He explained that "the deficit worth 23 trillion dinars in the draft federal budget for next year remains a deficit of planning is not real, and any increase in the sale of oil prices in the global markets for the next year will be enough to cancel the deficit."
And it adopted the 2016 budget on sale to 45 dollars per barrel and export at a rate of 3.5 million barrels per day, while maintaining the oil agreement between Baghdad and Erbil on the proportion of 17% and export B550 thousand barrels of oil per day in the draft budget rate.
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