ruled out economic expert on behalf of Jamil Antoine, the decline of the financial crisis in the country on the "near term."
Said Antoine, told all of Iraq [where], "The financial crisis is not its road to decline, but there are partly scalable her through the reform program to reduce expenses and stop wastage."
However, "This requires the implementation of and follow-up and commitment of the competent by the parties, if it is not there commitment to the subject of agencies to expensive, difficult to solve the problem.
"He added," There are no signs of a near-term that solve the financial crisis. "On oil prices, predicted Antoine" Maybe the end of 2016, there is no indication of higher oil prices, even if it rose it would be in stages to the end of next year, as they will not rise to the price at which it was previously, but will have a height of five or ten dollars and no more. "testifies Iraq's financial crisis as a result of lower oil prices, causing a deficit in the budget has led to the adoption of the austerity policy and reduce expenditures year. The House of Representatives has ended its session Tuesday, which was hosted by a number of respective personnel minister read the report and discuss the federal budget for 2016. The total budget next year the expenses of 106 trillion dinars, compared to the amount of 119 trillion dinars for 2015, a drop of 11%, while estimated the federal budget for the coming year deficit of 22.7 trillion dinars, equivalent to 21% of total expenditures. He said Finance Minister Hoshyar Zebari said during the meeting that the government exceeded the real concerns about the disable state and non-compliance with its obligations to pay employees and other entitlements salaries. He said Zebari that the government able to reduce the deficit of 25 % to 22%, pointing out that the Council of Ministers will submit an amendment to the budget bill in 2016 soon in order to reduce the existing deficit through the issuance of cash bonds. For his part, Oil Minister Adel Abdul-Mahdi to launch a campaign to encourage investments in the oil and other sectors as well as the promotion of investments National to compensate for the shortfall in the budget and increase state revenues. He expected oil minister that oil production rates are for 2016 up to 3.7 million barrels per day, calling for fundamental changes to the oil licensing contracts being signed at a time when oil prices Mrtfh.anthy 2
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