Iraqi Dinar 123 News:- The Iraqi Finance Committee held a meeting headed by the Iraqi Finance Minister Hoshyar Zebari, to discuss the preparation and strategy of the Iraqi federal budget for the financial year 2016-2018. This meeting was attended by a number of representatives from the General Secretariat of the Ministers Council of Electricity, Interior and Defense, Higher Education, Oil, Health, Trade industry and Ministry. After this meeting, the Ministry of Finance issued a statement that this meeting was arranged to discuss the preparation to set priorities of the budget for the years 2016-2018.
They discussed the ways in increasing the Internal Revenues and its related expenditures to income. They are introducing new and modern structural systems in the budget preparation and assigning priorities to Defense and Security, Food and Medicine and to some important sectors. The Finance Minister Hoshyar Zebari and the Governor of Basra Majed Nasraoui met to discuss administrative and financial situation in the Basra province. They discussed the needs and ways of the Basra province in providing possible assistance and support according to the current conditions.