A commission of economy and investment representative for an increase in the diversity of the country's imports in the budget of next year 2016.
The member of the Committee Najiba Najib told all of Iraq [where] "We find in the budget of 2016 diversified revenue sources and by the largest for the past few years because previously relied on 90-95% on oil revenues, but in 2016 this figure had fallen to around 85%, where the adoption of the Other sources such as taxes, fees and collection and others. "
She explained, "The decline in the 2016 budget compared to the current year 2015 in terms of revenue as well as total expenditures amounting to 106 trillion dinars, while this year was estimated at 119 trillion dinars in 2014 was 147 trillion."
Najib said that "investment is still a little bit and that the lack of allocations may have impacted heavily on investment," noting that "there is pressure for operating expenses in accordance with the reform package, but still take up most of the budget while the investment budget were referred to the private sector."
She pointed out, "The budget 2016 austerity budget to the lack of revenue it will not be able to meet all the needs of the ministries and departments not associated with the Ministry, both in investment expenditure or operational, so the talk about increasing the slave is" stressing that the "carry and reduction is one of the powers of parliament and I think that the deliberations between The government and the House of Representatives has taken into consideration the opinion of the Council. "
She drew Najib that "what has been introduced in the budget of 2015 by the Parliament and scrapped the Federal Court appeal by the government this will make the Finance Committee and other committees to be careful not to develop or proposals for inclusion in the budget of 2016 and all these things Sdf to speed up the ratification of the budget."
And it showed "With regard to the Kurdistan region Vmaatm install it in the budget of 2015 happened in the 2016 budget according to the oil that is to say the agreement represented in the parliament will head the political blocs to expedite the adoption of the budget."
The Council of Ministers approved in its extraordinary past Sunday, the draft federal budget for fiscal year 2016, amounting to 106 trillion dinars, and a deficit estimated at 22.7 trillion dinars, or 21% of the total budget in which the oil export estimates built Bmadelha daily 3.6 million barrels, at a price the daily average of $ 45 a barrel.
Promised, Finance Minister Hoshyar Zebari said at a news conference last Wednesday the financial year 2016 as "difficult because of the dramatic decline in oil prices," stressing that "it is difficult to continue monetary policy and past expenditures and we have to happen to change and reform in this direction and can not run the state like what it was previously." .anthy 2
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