Iraq: The vote on the budget for 2012 next week
23/11/2011 08:46

Baghdad, November 23 (Rn) - The Iraqi Ministry of Planning, Wednesday, he has been compiled for the general budget of the country in 2012 confirmed that he will be voted on within the Council of Ministers next week at a meeting of the Council.

The estimated budget for Iraq in 2012 to $ 112 billion, including 17 billion for security and arms, up 36% from last year, but a deficit of $ 20 billion.

And announced in Baghdad (18/9/2010) that Iraq's budget for next year 2012 will amount to $ 112 billion, up 36% from the current year budget 2011, but a deficit of $ 20 billion and he has been allocated $ 17 billion for security and armament.

He said government spokesman Ali al-Dabbagh said the Cabinet discussed at its special session in (9/18/2010) bill the federal budget for 2012, noting that he has been allocated $ 131 trillion Iraqi dinars (112 billion dollars) a counterbalance an increase of total federal 36% from last year.


The Minister of Planning Ali Shukri, told the Kurdish news agency (Rn) that "the budget presented by the Ministry of Finance in September to the cabinet and returned 4 times to the Finance Ministry," adding that "the Ministry of Planning mentioned a lot of points and thus we asked for reconsideration of the budget is the largest" .

He said thanks, "it was finalized once and wait for the next meeting of the Council of Ministers approved and forwarded to the House of Representatives for a vote," and expressed hope that launches the budget this year in early January, saying he "will be past the first since 2003, and until this year.

"The ministry has completed the adoption of the plans to be implemented for all ministries in the coming year as well as the completion of the approved plans for more than 7 provinces," explaining that "the launch of the budget in January, with the approval of plans of provinces and ministries will ensure the implementation of projects provinces since the beginning of the first month."

He called on the Iraqi Central Bank last October and the Ministry of Finance to review the operational part of the budget in 2012 and economists expect the budget in late 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with budgets discussed the financial year.

Iraq relies Hoedo and OPEC on oil revenues to finance about 95% of the annual budget. The estimated budget for Iraq in 2012 to $ 112 billion, including 17 billion for security and arms, up 36% from last year, but a deficit of $ 20 billion. Of the weighing-Shammari


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