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11/30/2011 | (Voice of Iraq) - Add comments - Sumerian 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 cut the deficit in the adoption price of $ 85 for a barrel of oil, while it likely that the rate reduction 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 financial downwards to reduce the proportion of the deficit, "adding that" the duty of the Ministry of Finance to reduce the budget deficit, but we do not want to affect the investment budget. " He guessed Abadi, that "the lower the financial budget of 125 to 115 trillion Iraqi dinars, without includes the reduction of the budget of the security ministries and armament contracts, "noting that" the International Monetary Fund insisted on a price per 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 the gross national 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 provinces in pumping money into ventures and investments, as he emphasized the International Fund that is currently working to reduce and minimize the recurrent budget in the budget for Iraq in 2012. and Prime Minister Nuri al-Maliki, (November 16, 2011), that the financial budget for the year 2012 will be forwarded to the House of Representatives soon, adding that many countries agreed to implement projects in a payment on credit. 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 them devoted to balance investment in while the current budget year 2011 of $ 81.9 billion deficit of $ 13.3 billion.
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