Baghdad, October 13 / October (Rn) - The number of experts and analysts in economic affairs that the objections of the International Monetary Fund to finance the Iraqi budget for 2012 assumes a logical and modified from the government before they vote and sent to the House of Representatives.
He said economic analyst at the Centre of Economics and Development Jassim Bakhit told the Kurdish news agency (Rn) that "the most prominent objections to the International Monetary Fund's budget in 2012 related to the presence of high economic gap between the market and the value of the budget."
"The budget of 2012 does not address the decline in inflation does not contribute to the promotion of development and the ability to raise the economic value of the country."
He noted that the "Notes of the International Monetary Fund comes to allocate substantial funds for the energy sector of the implementation of investment projects because of the administrative bureaucracy that hinder the promotion of investment."
As an economist and executive director of the Iraqi market to Ke Ji (Rn) that "the IMF objected on the mechanism of distribution of funds to ministries and local councils," stressing that "the Ministry of Finance has not adhered to neutrality in the allocation of funds as he did not deal professionally with regard to projects petrodollar which penalized the provinces that do not contain oil projects. "
For his part, adviser in the Iraqi government peace Quraishi (Rn) that "the Iraqi government approached the International Monetary Fund to clarify the reasons for his objections to the budget in 2012 and clarified," adding that "the government is serious in the balance between monetary policy and financial to approve the budget next year away from the the obstacles to economic development of Iraq. "
He pointed out that "the Iraqi government did not have clear reasons for objection after the International Monetary Fund's budget in 2012 although they did not read in the Cabinet and I am still under discussion."
A number of experts and economic analysts, fears that the government failed to address the deficit in the budget planning in 2012, citing the difficulty of controlling such a deficit.
The Iraqi Central Bank says that he agreed with the Finance Ministry to build a budget in 2012 for economic conservatively high oil prices by OPEC.
The Iraqi government announced that Iraq's budget for 2012 will amount to U.S. $ 112 billion, up 36% from the current year budget, but a deficit of $ 20 billion.
Were allocated 45% of the electricity and oil, which amount to almost $ 50 billion and 15% of the Userati Defense, Interior, and of $ 17 billion.
Economists and experts predict that delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with a discussion of financial budgets annually.
Iraq relies is a member of OPEC on oil revenues to finance about 95% of the annual budget
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