Next year’s budget will be larger due to higher oil exports

Posted: September 9, 2012 in Iraqi Dinar/Politics

Date: Sunday 09/09/2012 07:51 pm

Expect a member of the parliamentary Finance Committee secretary Hadi to be larger next year’s budget from the current year’s budget, due to higher oil exports.

Said Hadi in a statement Sunday that it was “expected to be the budget next year more than the current year budget, which was (100) billion dollars due to higher oil exports and thus income from it.” And that “the Council of Ministers announced in its closing of the account is expected to offset the next year. “

said Hadi that” most final accounts reached a parliamentary Finance Committee, but we face every year problems in these accounts an issue extinguish advances that do not match the final accounts If treated properly by the Committee on Financial Control through the development of a specific mechanism Van final accounts will be ready for submission to the House of Representatives. “

The Iraqi government has approved a budget of 100 billion dollars and gave the Iraqi government a priority in the draft budget for my oil and electricity. while objected World Bank on the proportion of the budget deficit in 2012 that 16 per cent, and this rate high when compared with the budgets of neighboring countries at a time when the nearest percentage deficit in the Islamic Republic of Iran is the ratio of 8%.

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