Central Bank: 78 trillion dinars non-oil deficit in the budget of 2017


 

 

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Thread Tools Show Printable Version Email this Page … Subscribe to this Thread … 15-07-2017 01:54 PMThe Euphrates –

The governor of the Central Bank Ali Al-Aliq on Saturday that the non-oil deficit in the budget this year amounted to 78 trillion dinars, indicating that the deficit balance of payments other than oil exports amounted to 37.7 billion dollars.

“The non-oil deficit in this year’s budget is 78 trillion dinars, because the local revenues are 22 percent today, while the ideal situation is that the local revenues will cover the size of local expenditures. The size of the money that comes from abroad is higher than the money that comes from the inside.

He added that the expected revenues of Iraq during the next five years of oil will be between 53 trillion dinars to 64 trillion dinars, pointing out that the current balance of payments deficit of 37.7 billion dollars. Adding that the lack of balance of payments pressure on the central bank because the country today is unable to introduce foreign currency in addition to the money from the oil, noting that the inability of payment means that the country is unable to attract investors and tourists.

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