An economic center calls for reducing the budget deficit next year to $ 7 billion

An economic center calls for reducing the budget deficit next year to $ 7 billion



23/11/2017

Economynews - Baghdad

The head of the Iraqi Bureau of Consulting Amer Abdul-Jabbar, on Thursday, that the amount of deficit estimated in the federal budget for the next fiscal year in which they, and called for a reduction to about 7 billion dollars.

"In view of the government's approval of the price of $ 43 per barrel for 2018, I would say that this price is low and I suggest that the price be taken from $ 47 to $ 49 and that the deficit will drop by about $ 7 billion," said Abdul-Jabbar in a statement. Of deficit is more imaginary. "

"Customs revenues can be raised from $ 2 billion to $ 8 billion a year," he said. "If there is a better management of the civil aviation sector, an estimated $ 1 billion in waste could be dealt with."

"In addition, dealing with an unforeseen waste in the central bank is estimated at 4 billion dollars. In the oil sector, there is an invisible waste estimated at more than two billion dollars a year," he said. "These figures are not random speculation, but according to studies in which we exerted great efforts."

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