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:
T.
Sector
Amount (KD)
Percentage%
1
Security and defense
19.86 trillion
14.37
2
Education
12.71 trillion
9.2
3
Energy
29.45 trillion
21.31
4
Environment and Health
6.82 trillion
4.94
5
Social service
17.7 trillion
12.81
6
Water, sewage and sanitation
4.2 trillion
3.04
7
Transport and Communications
1.82 trillion
1.32
8
Agricultural sector
2.68 trillion
1.94
9
Industrial sector
1.71 trillion
1.24
10
Construction and Housing
1.57 trillion
1.14








11
Culture, Youth and clubs and associations
2.22 trillion
1.61








12
Obligations and international debt
10.3 trillion
7.45








13
Departments central and local public
12.76 trillion
9.24












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.