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Council of Ministers approved the 2016 budget

Long-Presse / Baghdad

Iraqi Council of Ministers approved, on Sunday, the financial budget for the coming year 2016, B113 trillion Iraqi dinars and a deficit of 30 trillion dinars.

Information Office of the Prime Minister Haider al-Abadi said in a statement received by, the (long-Presse), a copy of which, “The Council of Ministers approved during a special meeting held today, draft financial budget law for next year 2016”.

The size of the budget year 2016, about 113 trillion Iraqi dinars and a deficit of 30 trillion dinars, while the size of the budget for the current financial year 2015.119 trillion dinars and a deficit of $ 25 trillion.

The Finance Committee of the House of Representatives suggested in, the seventh of October 2015, the arrival of the federal budget for 2016 to Parliament after three days, and pointed out that the deficit up to 29 trillion dinars and several “very large”, as he pointed to the operating budget is 30 trillion dinars.

It is noteworthy that the Ministry of Finance, announced on the 15th of September 2015, for the provision of public financial budget for next year 2016, the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income.

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