29/01/2012 09:19
Baghdad, January 29 (Rn) - The Finance Committee of the Iraqi Council of Representatives, on Sunday, it was working to reduce inflation in the budget in 2012, which is valued at 10 trillion dinars, by expanding the participation of investment at the expense of operating expenses. The bank announced CBI, last Tuesday, for the budget deficit in 2012 of 20 trillion Iraqi dinars, or gain of 10% of the gross domestic product, adding that the budget deficit by default and can be treated through the stabilization of world oil prices and remain above $ 104. and inflation is excessive in the general level of prices, high cash income, as well as high costs and excessive creation of cash balances. It is expected to increase inflation in the budget in 2012 due to continued attention to the operational aspects at the expense of part investment of the budget. and announced the Finance Committee representative Monday that Iraq will not need to borrow from the IMF, which is hoped to give Iraq $ 4 billion, while Iraq's cabinet approved in its emergency meeting in (12/05/2011) the budget of the year 2012 by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). A member of the Committee Najiba Najib told the Kurdish news agency (Rn) "The Finance Committee representative is working to expand the options of inflation in the budget in 2012 through work on the grant of gravity of the investment projects at the expense of operational projects and reduce government spending excess." She explained that "inflation could hit rate to 20 trillion Iraqi dinars, which could be addressed through the implementation of investment plan accurately on the ground, "indicating that" the investment projects is the only solution to reduce costs through a program of ambitious investment is working to complete the government during the budget year 2012. " It was hoped to proceed with the House of Representatives to discuss budget items in preparation for approval, but the emergence of problems political hit the legislative institution kind of inertia. She Najib said, "the Finance Committee will focus in the project approved budget in 2012 to activate the private sector and regulate the entry of Industries for Foreign Affairs and not to allow goods that can be manufactured within the country." The country has a political crisis triggered by the Iraqi judicial days after of the U.S. withdrawal, when issued an arrest warrant for Vice President Tareq al-Hashemi, on charges related to involvement in the leadership of death squads and cooperation with "terrorism" in addition to Maliki sought to isolate his deputy, Saleh al-Mutlaq. and raise the Iraqi parliament during the last few weeks its more than once to incomplete quorum because of its continuing boycott by the members of the Iraqi List, which is the second largest parliamentary bloc. From: Jafar Allonan, manufacturing of: Walid al-Zaidi, the Open: the fulfillment Zangana
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