Publishes draft law on the federal budget for 2013
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  1. #1

    Publishes draft law on the federal budget for 2013

    Urgent .. [where] publishes draft law on the federal budget for 2013 voted by the Government

    Tuesday, October 23 1 / Okrudolf 2012 19:07
    [Baghdad - where]

    Announced government spokesman Ali al-Dabbagh that the Council of Ministers decided at its forty-sixth regular session today approved a draft law the federal budget for the year 2013 in the amount of [138] trillion dinars, an increase of 18% from last year.

    Dabbagh said in a press statement received by the agency all of Iraq [where] a copy of it, that "the total federal income amounted to [119.3] trillion dinars were the result of calculating the revenues from export of crude oil at an average price [90] per barrel and export capacity of up to [2.9] million barrels per day, including the quantity produced and exported from the Kurdistan region and the amount of [250] thousand barrels per day, where will oil revenues this Development Fund for Iraq after deducting [5%] of compensation for the Kuwait war, has reached the investment budget [55] trillion dinars and the operating budget [ 83 trillion dinars, distributed to the institutions, ministries and all state bodies, where public expenditure will be distributed according to population ratios after excluding allocations of the federal ministry center and sovereign expenditure, as shown in the following table:

    Amount (KD)
    Security and defense
    19.86 trillion
    12.71 trillion
    29.45 trillion
    Environment and Health
    6.82 trillion
    Social service
    17.7 trillion
    Water, sewage and sanitation
    4.2 trillion
    Transport and Communications
    1.82 trillion
    Agricultural sector
    2.68 trillion
    Industrial sector
    1.71 trillion
    Construction and Housing
    1.57 trillion

    Culture, Youth and clubs and associations
    2.22 trillion

    Obligations and international debt
    10.3 trillion

    Departments central and local public
    12.76 trillion

    So appreciate the budget deficit by 18.8] trillion dinars will be covered by cash retained from the budget in 2012 and the Development Fund for Iraq and domestic borrowing by the treasury transfers and external, as well as from the savings expected from the increased sale prices of oil or increase production or borrowing from the International Monetary Fund and the World Bank International where will be empowered and Federal Minister of Finance the power to continue to borrow from the International Monetary Fund which complements the amount of [4.5] billion dollars and the World Bank which complements the $ [2] billion dollars during the year 2013 and using special drawing rights b [SDR] up to [1.8] billion dollars to cover the projected shortfall in the federal budget.

  2. #2
    Senior Member newmonies's Avatar
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    Sep 2011
    He pointed to "allocate [250] billion dinars as a reserve for the government and the amount of [7.2] trillion dinars for reconstruction projects and the development of regions and provinces, including the Kurdistan region to be spent according to plans the reconstruction of the province submitted by the governor and approved by the Council of the province to the Ministry of Planning Federal where will the conservative exclusively implement reconstruction plan approved and take the provincial council responsible for monitoring implementation may not make any transfers within these customizations between provinces will also be allocated [1.318] trillion dinars, called assignments petrodollars, which is the amount of dollars for each barrel of crude oil producer in the province or refined in refineries maintain and a dollar for every b 150] cubic meters producer of natural gas in the province and the province to be used no more than [50%] of the allocations petrodollars to buy electric power and allocate revenues from visa to Iraq to visit the holy sites in 2012 for services visitors and infrastructure, according to the table Next:

    Baghdad / Kadhimiya
    Salahuddin / Samarra
    Baghdad / Adhamiya

    And between-Dabbagh said "the draft budget has included advertising in local newspapers for grades developed within owners in 2013 by the ministries and departments not related to the Ministry, where priority will be given to install contracts exception of the age requirement for contractors in the past years to calculating the contract period as a service for the purposes of retirement and will be exempted citizens all of the amount of interest on loans granted to them by the Land Bank, agricultural and housing fund and continue to grant these loans without interest to the citizens and by the souls of all the province will be borne by the Ministry of Finance interest rate.

    He stressed that "the government and to support the industrial sector and private sector mixed Like initiative agricultural will be lending to projects Iraqi Federation of Industries and the mixed sector without interest and bear the Ministry of Finance to pay interest to the government banks and the Federal Minister of Finance reallocate the remaining funds and unspent from the approved amounts in the federal budget for the year 2012 and related damages provinces, cities and individuals affected to balance the beneficiary exclusively to conduct paid during 2013, an exception from the provisions of [Section IV] of the financial management and public debt No. [95] for the year 2004 and also has the right to use the approved amounts for the contingency reserve to pay the expenses of emergency incidents and non- Expected reduction [3] billion dinars for each case, but if the amount exceeds this limit must obtain the approval of the Federal Cabinet.

    He Dabbagh that "the Federal Minister of Finance in coordination with the Minister of Planning Federal will reallocate the amounts related to the projects Emaar and assigning the provinces of Baghdad, Sadr and flame] and Basra, Diyala and Nineveh], which was launched amounts in the form of advances in 2008 for the purpose of adjustments Agaydip them within the budget in 2013 without that result in an actual exchange as well as the reallocation of revenue actually in land border ports, sea and air, including sovereign revenues during the year 2011 to balance the border provinces both by revenue actually at border crossing points in that province with priority rehabilitation and reconstruction of the border crossing points of each province.

    He explained that "the Minister of Planning to provide the rate of implementation of investment projects for each ministry or entity is linked to the Ministry to the cabinet in the absence of the implementation rate of 25%] of the allocations for each project during the [6] months from the adoption of the budget For the Minister of Finance, in coordination with the Minister of Planning submit a report to the Council of Ministers to determine the causes of the failure and the House of Representatives questioning the minister or the head of the non-related to the Ministry in the event of non-implementation of the [60%] of investment allocations for the ministry or his department of the federal budget.

    Dabbagh said that "the Federal Cabinet will add allocations to federal budget for 2013, when achieved an increase in revenue from exports of crude oil exported through the first six months of this year to pay off the deficit planned budget and securing funds for investment projects of the Ministry of Electricity after approval by the Ministry of Planning Federal addition to amounts imported electricity and reimburse the private sector before 04/09/2003 and loans granted by the government banks for salaries of employees of public companies for years [2010, 2011 and 2012] and loans granted by the government banks to buy barley crop for 2010 and amounts to support the affected governorates [Diyala Nineveh and amounts related to the general census of population will be borne by the Ministry of Finance the amount of interest in the amount of [4%] of the total loans granted to the project residential بسماية. ended

    "Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"

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