BAGHDAD / Sky Press: Private
The parliamentary finance committee ruled on Monday, reducing the price of oil in the specified Molzenh 2016 if oil prices continued to fall, noting that the government is the only body authorized in the budget specifies the price.
A member of the committee MP Jabbar al-Abadi for "Sky Press," that "the exact oil price in the 2016 budget amounting to $ 45 a barrel has been determined by the government after consultation with specialists, experts and advisers," asserting that "the government is the only body authorized to identify and change the exact price in the budget and not the parliament. "
"The parliament's role is limited to discussing the doors of budget expenditures and the right to the redeployment of some of the appropriations in the event that he sees in Almoisnhkhalla will be returned to the government for the purpose of the amendment."
The Council of Ministers announced earlier for sending the 2016 budget to parliament in the amount of 84 billion dollars and the price of oil is limited to $ 45 a barrel.
It is said that there are expectations indicate continued decline in oil prices to below $ 40 a barrel.
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
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