BAGHDAD (Iba) ... Ministry of Finance announced a number of the end of the 2012 budget in line with the agreement with the International Monetary Fund and the amounts necessary for lifting the value of its investment.

The Deputy Minister Fadel prophet in a press statement that the Ministry of Finance has worked to raise money value compared to the value of investment funds within the budget value of Lot 2012.

He added that the budget in 2012 is ready for submission to the House of Representatives and is awaiting the return of Finance Minister Rafie al-Issawi of travel for the purpose of viewing and presented in the sessions of the prime minister after the end of the holiday Eid al-Adha. He said the budget in 2012 will focus on development projects with ease in the proportion of operational projects.

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.

The government spokesman Ali al-Dabbagh said the Cabinet discussed at its extraordinary bill the federal budget for 2012, noting that Temt_khasas $131 trillion Iraqi dinars (112 billion dollars) in total federal counterbalance an increase of 36% from last year.

Al-Dabbagh said that the total federal income amounted to 107.7 trillion dinars (about $92 billion) deficit total of $23.3 trillion Iraqi dinars (20 billion dollars) are covered by the amounts of cash retained from the current year budget 2011 is internal and external borrowing and the proportion of savings expected to increase selling prices or increased oil production or borrowing Mansndouk IMF and World Bank. (end)