Editor: BK | NQ | SS Wednesday, 30 T 2 2011 14:07 GMT
Chairman of the Finance Committee of Parliament Haider Abadi
Alsumaria News / Baghdad
Confirmed the Finance Committee in the Iraqi Council of Representatives, Wednesday, that the balance of 2012 will reach parliament next week after the Ministry of Finance reduced the proportion of the deficit and the adoption rate of 85 dollars per barrel of oil, while it likely that the reduction rate of up to 115 trillion dinars.
Committee Chairman Haider al-Abadi, in a press conference held today in the parliament building, attended by "Alsumaria News", "the state budget would reach parliament next week after the Ministry of Finance downwards to reduce the deficit," adding that "the duty of Ministry of Finance to reduce the budget deficit, but we do not want to affect the investment budget. "
Abadi and likely to "go down the financial budget of 125 to 115 trillion Iraqi dinars, not including the reduction balance of the security ministries and armament contracts," noting that "the IMF insisted that determine the price of a barrel of oil in the development of the state budget $ 85."
The Chairman of the Finance Committee that "the deficit in the budget, the adoption of this price will be 13 percent of gross national product of Iraq," adding that "the proportion of these deficits are too high and should be reduced."
The head of the House of Representatives Osama Najafi student, yesterday Monday (November 28, 2011), the need to expedite the completion of the annual budget for the coming year during a short period, stressing the need not to prejudice the rights of the provinces in pumping money into ventures and investments, as he emphasized the International Fund it works now to reduce the budget and reduce the current budget for Iraq in 2012.
And Prime Minister Nuri al-Maliki, (November 16, 2011), that the budget for fiscal year 2012 will be forwarded to the parliament soon, adding that many countries agreed to implement the project on credit payment method.
The Ministry of Planning, announced (22 September 2011), that the financial budget for 2012, next will be between $ 112 and $ 120 billion, confirming that 35 percent of allocated budget investment, while the balance of 2011 the current 81.9 billion dollars deficit of $ 13.3 billion.