19/09/2012 11:05

Erbil, September 19 / September (Rn) - Undersecretary of the Iraqi Ministry of Finance, on Wednesday, the ministry decided to refer the initial draft of the budget bill for the country for the next year to the Cabinet today to ratify it.

reported Fadel Prophet told the Kurdish news agency (Rn), that "due To transmit the Iraqi Finance Ministry initial draft of the budget bill for the country for the next year to the Cabinet today for approval and thus forwarded to the House for final approval. "

explained prophet that "the initial estimate according to the ministries of finance and planning for the size of the budget next year of 132 trillion Iraqi dinars calculates $ 90 for the price of a barrel of Iraqi oil exported abroad, "pointing out that" the draft budget for next year has attached great importance to the implementation of investment projects in the country. "

The House of Representatives has approved during its meeting held in February 23 last budget year 2012, which amounted to 117 trillion Iraqi dinars, equivalent to U.S. $ 100 billion, calculates the $ 85 to the price of a barrel of Iraqi oil exported abroad and export rate of 2.6 million barrels of oil a day. : Mohammed Abdul Rahman, see: Aso Haji
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