Tuesday 10 November 2015
BAGHDAD / .. the parliamentary finance committee confirmed, Tuesday, that the figures in the draft budget law for 2016 is realistic and far from reality.
The committee member said Sarhan Ahmad's "Eye Iraq News" that "all budgets where the numbers are unrealistic and are based on expectations shall be its figures far from reality," noting that "the parliamentary financial Badelat will be on the budget in terms of the law of transfers of funds from ministries and other".
And between Ahmad that "the budget deficit dam is through foreign loans and this is what you do when most countries of the world is facing a deficit in their annual budgets."
The House of Representatives has ended at its Tuesday, the first reading of the draft 2016 budget law.
The estimated budget amount of revenue 83 trillion and 44 billion and 803 138 000 dinars, that is calculated by the income earned from the export of crude oil at a rate of $ 45 per barrel and the rate of export of 3.6 million barrels of oil per day, including 250 000 barrels per day from the amount of oil The crude product in the Kurdistan region and 300 000 barrels per day on the quantities of exported oil through the Kirkuk province. It ended 8
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