A parliamentary committee: the federal budget was agreed upo

[Stillw8n]

A parliamentary committee: the federal budget was agreed upon before approval of the Council of Ministers

Baghdad, December 7 (Rn) – The parliamentary Finance Committee, Wednesday, about the agreement between the


House and the World Bank and the government budget in 2012 before final approval by the first day yesterday, is expected to vote on the budget without hindrance.

The Iraqi government approved the fifth of this month in its emergency budget in 2012 by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars).

The government has allocated in the budget and the bulk of 80 billion dinars, dollars as operational budget, has allocated 37 billion dinars as investment budget.

A member of the Committee Secretary Hadi, told the Kurdish news agency (Rn), “The House discussed the budget in 2012 in the presence of the Ministry of Finance and the World Bank was consensus on the wording of the budget presented to the House of Representatives.”

Hadi said that “the issue of payment on credit has been agreed upon as well,” he said, adding that “the House of Representatives has the right to reduce next year, but this is unlikely because the next year’s budget was reduced to less as possible.”

Hadi said that “the budget will not be delayed in the House because of compatibility prior to the details, but the Parliament the right to transfers between the doors of the budget after receiving requests from the ministries concerned as has happened in the budget in 2011.”

Iraq says the budget in 2012 focused on the energy sector and oil in the first stage and then the security sector and then the education sector, education and health.

The Government has adopted in its budget for next year’s oil price of $ 85 basis and the size of oil exports 2.625 million barrels per day next year.

The budget next year, the biggest in the history of Iraq’s annual budget and through the government seeks to stimulate the investment side.

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