Budget 2016 no More De Facto Budgets

The Iraqi Finance Minister Hoshyar Zebari said that we need next budget in 2016 because we are still managing and covering the deficit of 2015 budget. According to the statement issued by the Ministry of Finance indicated that the Iraqi Finance Minister arranged a meeting at the headquarters office in the ministry’s office with the Finance Committee regarding the preparation strategies for the Iraqi Federal Budget 2016-2018. The Economic Affairs Adviser to the Iraqi Prime Minister Muhammad Saleh, Ministry of Agriculture, Health and Ministry of Electricity attended this meeting. The Ministry of Defense, Interior, Higher Education, and Ministry of Trade and Industry also participated in this meeting.

According to the statement issued by the Iraqi Finance Minister Hoshyar Zebari, we are focusing on current matters which we faced after the approval of Iraqi Federal Budget 2015-2016 and we are still managing and covering our budget deficit problems. These kinds of issued would help us in preparing and managing new Iraqi Federal Budget 2016-2018. We are focusing on balancing the economic status and planning to strengthen the procedures for customs and tax collection. We are expanding our resources by adopting world’s latest modern systems in order to prepare and manage the next year’s budget, and our new programs will be able to prepare a more balanced budget for the year 2016-2018.

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