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*******URGENT: Council of Ministers approved the budget in 2012 Monday, 05 January 1 / December 2011 16:04 ******

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{Baghdad, Euphrates News} - The cabinet also approved the 2012 budget of $ 100 billion and a deficit of up to $ 14 billion.



The chancellor said the Prime Minister Abdul Hussein Hamid told the Euphrates {News} "The ministers voted unanimously to budget 2012, $ 100 billion, based on the selling price of a barrel of oil $ 85 and $ 14 billion deficit."

According to government figures out that Iraq's budget for next year was supposed would be 131 trillion Iraqi dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars, but the Council of Ministers has since withdrawn the financial budget. Over c j


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Iraq's budget recognizes the value of $ 100 billion in 2012
05/12/2011 14:23



Baghdad, 5 December / December (Rn) - The adviser in the Iraqi government on Monday that the Council of Ministers voted in its emergency meeting today on the budget in 2012.

The Economic Adviser to the government of Salam Quraishi, told the Kurdish news agency (Rn) that "The Iraqi government approved in its emergency meeting on the budget in 2012 by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars)."

He added that the budget in 2012 focused on the energy sector and oil in the first stage and then the security sector and then the education sector, education and health.

Quraishi said that the Iraqi government adopted a base price of $ 85 oil and oil exports volume 2.625 million barrels per day next year.

"We expect the government through the differences in oil prices that cover more than $ 10 billion from the deficit."

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Report .. The government reduced {10} billion dollars in the budget next year
Monday, 05 January 1 / December 2011 16:59 |





Baghdad {: News} Euphrates government cut next year's budget up to ten billion {11} trillion dinars for the announcement earlier because of lower oil prices.

According to the Chancellor of the Council of Minister Abdul Hussein Hamid, who revealed, told {Euphrates News} "The ministers voted today unanimously approved a budget in 2012 worth $ 100 billion on the basis of the sale price of a barrel of oil $ 85 and a deficit of $ 14 billion," the budget cut 10 billion approximately.

As the Council of Ministers approved the former amount of {131} trillion dinars total federal counterbalance an increase of 36% from last year, with a total revenue of the Federal {} 107.7 trillion dinars a deficit total of $ {} 23.3 trillion dinars is covered by cash retained from the budget of the year / 2011, and internal and external borrowing, and the proportion of savings is expected to increase selling prices or increased oil production or borrowing from the IMF, the World Bank.

Show next year's budget increase of approximately $ 20 billion for the current year's budget, which amounted to 79.6 billion dollars.

Oil prices dropped recently, prompting the government to withdraw the federal budget back to the Ministry of Finance to prepare a budget deal with the new oil prices.

The fiscal deficit in the budget prepared by previously reported} {23.3 trillion dinars, about} {19.8 billion dollars, a statement now stands at {14} billion, the deficit had been reduced by six billion dollars.

Despite the reduction of the current year's budget is still of the highest in the history of Iraq.

Stated that there are many controversies and dilemmas associated with the vote on the most important financial and Aloizna Kurdistan region's share of the budget as well as allocations to the provinces.

Did not provide the government as of now, the final accounts, which often cause confusion to the House of Representatives who vote on the budget and demanding preparation. Finished

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Cabinet approve the allocation of grades and career for women in 2012
Monday, 05 January 1 / December 2011 12:57



Baghdad} Euphrates News said the Ministry of State for Women's Affairs that it has received the approval of the Council of Ministers in its meeting held yesterday on the allocation percentage of women among the grades to be launched in 2012.



The ministry said in a statement received by the Euphrates News} {a copy of it today Monday that he "has been obtaining the approval of the Council of Ministers to allocate 50% of the grades allocated to the ministries of health and education for women in 2012."



She added that "it was also allocated 30% of the grades of other ministries and departments not related to the Ministry according to the terms of reference required."

The government estimates that Iraq would be 115 000 jobs within the next year's budget. / End.

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Shiver me timbers....awesome news!

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stay home mom

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Great News cheers

mercedes99


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Thank you.

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