Moussawi: exclude the arrival of this week’s budget to parliament for approval

Slyder | 11 نوفمبر 2014 14:03

Treasures Media / Baghdad –

ruled out the MP for the Bloc Hashim al-Moussawi, on Tuesday and the arrival of the draft federal budget bill to parliament for approval this week, expected to be next year’s budget with a deficit estimated at $ 70 billion.

Moussawi said in a statement that “up to now, parliament did not actually receive the revised plan to the draft budget of the federal government, whether in 2014 or 2015 budget.”

He said al-Moussawi said that “the budget today is quite different from the reality of the proposed budget before the tenth of June, on the grounds that the Iraqi state revenues were very large proportion of which depends on the oil sector, and export of oil,

and the oil was produced before the tenth of June, up to three 1.0005 million thousand barrels per day, “noting that” revenue will be from the oil produced by the Iraqi
state, which is up to 2.3 million barrels of oil a day only,

“attributing it to” decrease state revenues by almost one third, as well as having a new problem has become a burden on the budget is down oil prices from $ 112 to approximately $ 86 a global price, and almost the Iraqi oil $ 76,

“he said, adding that” the government sells oil prices are already low for the neighboring countries, due to the security situation that prevailed in the country. “

And between al-Moussawi said “the federal government had formed a committee headed by the Minister of Finance to submit the draft budget to parliament,” he said, adding that “the problem,

the Commission put the final touches on the draft budget law,” pointing out that “Parliament will be fully prepared to discuss this project and approval as soon as possible Perhaps hoping to lift the suffering of the Iraqi citizens, and to be a strong motivation to move the wheel stalled projects due to lack of approval. “

He pointed out that “Send in the budget this week, it may be very unlikely,” noting that “there is a committee of the federal government, headed by the Minister of Finance to put back the 2014 budget and the 2015 budget.”

He noted al-Moussawi said that “the drop in oil prices and the lack of oil exports will reflect negatively on the Iraqi state revenues, and we expect to be a budget for the year 2015 with a deficit of at least US $ 70 billion,

or nearly 70 trillion Iraqi due to lack of Erdat and increased expenses, which will cause a deficit in the federal budget.”


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