Home
Iraq: planning calls for the speedy adoption of the budget 2012
27/11/2011 14:03
Baghdad, November 27 (Rn) - called on the Iraqi Planning Ministry Sunday the need for the adoption of the budget in 2012 to implement projects needed by the population.
The 2012 budget of about 130 trillion Iraqi dinars.
Iraqi cities and need money desperately to build its infrastructure destroyed by years of war, sanctions and violence.
A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi told the Kurdish news agency (Rn), "We asked the Cabinet to speed to send the draft budget for approval in 2012 (House) before the beginning of the year for the launch of the annual allotment on time."
Iraq relies on oil revenues to finance about 95% of the annual budget.
Hindawi pointed out that the delay in the adoption of the budget of 2011 disrupted a lot of projects and services in particular.
The 2011 budget was based on the average oil price of $ 85 a barrel size and exports 2.2 million barrels per day of crude.
The budget deficit is a challenge to Iraq's ability to rebuild.
And deprived Iraq of violence and corruption of investments during the years of conflict that followed the fall of the former regime in the spring of 2003, while traveling slowly rebuilding process.
Iraq announced for mega-projects to build hundreds of housing and promote the production of electricity that the country suffers from interrupted frequently.
Hindawi said "requires completion of a project less than four or five months, the Ministry of Planning to defer close the file of the budget for another four months."
The Iraqi government says that the budget in 2011 was the precursor to the budget in 2012 and construction was able to attract international and global companies are known to work in Iraq and break the economic blockade.
It notes that the budget in 2011 is carried out correctly Emtemhaah with the monetary policy implemented by the Central Bank of Iraq.
From: Jafar Allonan. Open: Murtaza Yousuf
[You must be registered and logged in to see this link.]
27/11/2011 14:03
Baghdad, November 27 (Rn) - called on the Iraqi Planning Ministry Sunday the need for the adoption of the budget in 2012 to implement projects needed by the population.
The 2012 budget of about 130 trillion Iraqi dinars.
Iraqi cities and need money desperately to build its infrastructure destroyed by years of war, sanctions and violence.
A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi told the Kurdish news agency (Rn), "We asked the Cabinet to speed to send the draft budget for approval in 2012 (House) before the beginning of the year for the launch of the annual allotment on time."
Iraq relies on oil revenues to finance about 95% of the annual budget.
Hindawi pointed out that the delay in the adoption of the budget of 2011 disrupted a lot of projects and services in particular.
The 2011 budget was based on the average oil price of $ 85 a barrel size and exports 2.2 million barrels per day of crude.
The budget deficit is a challenge to Iraq's ability to rebuild.
And deprived Iraq of violence and corruption of investments during the years of conflict that followed the fall of the former regime in the spring of 2003, while traveling slowly rebuilding process.
Iraq announced for mega-projects to build hundreds of housing and promote the production of electricity that the country suffers from interrupted frequently.
Hindawi said "requires completion of a project less than four or five months, the Ministry of Planning to defer close the file of the budget for another four months."
The Iraqi government says that the budget in 2011 was the precursor to the budget in 2012 and construction was able to attract international and global companies are known to work in Iraq and break the economic blockade.
It notes that the budget in 2011 is carried out correctly Emtemhaah with the monetary policy implemented by the Central Bank of Iraq.
From: Jafar Allonan. Open: Murtaza Yousuf
[You must be registered and logged in to see this link.]
