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News and reports : Parliament receives the 2012 budget next week
Confirmed the Finance Committee in the House 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 yesterday in the parliament building, said that "the state budget would reach parliament next week after the Ministry of Finance downwards to reduce the deficit," adding that "the duty of the Ministry of Finance to reduce the budget deficit. However, 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."
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Confirmed the Finance Committee in the House 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 yesterday in the parliament building, said that "the state budget would reach parliament next week after the Ministry of Finance downwards to reduce the deficit," adding that "the duty of the Ministry of Finance to reduce the budget deficit. However, 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."
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