2014 budget will be presented in the form of documents showing the previous government expenditures

01/11/2014 20:52:00

BAGHDAD / NINA / Deputy Prime Minister Bahaa al-Araji, said on Saturday that the budget of the current year 2014 will be presented in the form of documents showing the previous government expenditures, explaining that the delay was not due to the new cabinet. He said in a statement that the Council of Ministers is working to end the draft budget law of 2015 and according to the financial possibilities of the state at the present time, to submit it to the House of Representatives no later than the first of next December. He added that the Cabinet formed a committee of ministers and some specialist advisers in order to reduce the deficit ratio, after the abolition of luxury spending and social benefits and some financial privileges that were in previous governments. / End http://www.ninanews.com/english/News_Details.asp?ar95_VQ=HHJMFG

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