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After approval of the Council of Ministers, not expectations of adoption of the federal budget by the end of next March.
• 12/07/2011 7:44
• Economy , Uncategorized
• no comments
Baghdad, "Iraq's gate," Mohammed Sharif
At this time each year enter the general budget labor obstructed labor after the established political blocs on the table of political pressure, may extend this labor for four months or more, according to the expectations of some economists for this year's budget, the possibilities outweigh the delay in approving the budget for this year because of intense Chiasah conflicts between the parties.
The cabinet voted Monday on a draft budget for 2012, $ 100 billion dollars, "the equivalent of 117 trillion dinars," and by deficit amounted to $ 14.5 billion, equivalent to 17 trillion dinars, "and the adoption rate of $ 85 for a barrel of oil.
A number of economists, "the gate of Iraq," The size of the political pressure will be reflected on the process of approving the budget, and Saaka, the political power is inherent to this year.
The total oil revenues this year until the end of October, about $ 69 billion, in exchange for export of 659.8 million barrels and 2.2 million barrels per day, while the average price of $ 104 per barrel.
The Iraqi Council of Representatives has approved the federal budget for 2011 of about 82.6 billion dollars and the estimated revenue of the budget that has been described as the largest in the history of Iraq by about $ 68 billion in expenditures estimated at more than $ 82 billion and the deficit was about $ 15 billion.
The Oil Ministry announced during, the month of March, a rise in Iraq's oil reserves, with the exception of the reserve is located in the Kurdistan region, noting that Iraq's reserves alone amounting to 143 billion barrels and 129 trillion m 3 of gas.
Iraq has signed, during the last year, 2010, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after the addition of the quantities of other fields of national effort, and focused most of those contracts in the fields of the South.
The Oil Ministry announced last week that rising levels of crude oil output to reach more than (2.95) million barrels.
The Minister of Oil Abdul Karim and coffee that the production rates of (2.95) million barrels .. He said, adding that production rates will reach before the end of this year (3 million) barrels per day.
The Finance Committee of the Iraqi Council of Representatives confirmed a few days ago, that the balance of 2012 will reach the parliament through (this week) after the cut and the Ministry of Finance, the proportion of the deficit and the adoption rate of 85 dollars per barrel of oil, while it likely that the rate reduction to 115 trillion dinars .
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• 12/07/2011 7:44
• Economy , Uncategorized
• no comments
Baghdad, "Iraq's gate," Mohammed Sharif
At this time each year enter the general budget labor obstructed labor after the established political blocs on the table of political pressure, may extend this labor for four months or more, according to the expectations of some economists for this year's budget, the possibilities outweigh the delay in approving the budget for this year because of intense Chiasah conflicts between the parties.
The cabinet voted Monday on a draft budget for 2012, $ 100 billion dollars, "the equivalent of 117 trillion dinars," and by deficit amounted to $ 14.5 billion, equivalent to 17 trillion dinars, "and the adoption rate of $ 85 for a barrel of oil.
A number of economists, "the gate of Iraq," The size of the political pressure will be reflected on the process of approving the budget, and Saaka, the political power is inherent to this year.
The total oil revenues this year until the end of October, about $ 69 billion, in exchange for export of 659.8 million barrels and 2.2 million barrels per day, while the average price of $ 104 per barrel.
The Iraqi Council of Representatives has approved the federal budget for 2011 of about 82.6 billion dollars and the estimated revenue of the budget that has been described as the largest in the history of Iraq by about $ 68 billion in expenditures estimated at more than $ 82 billion and the deficit was about $ 15 billion.
The Oil Ministry announced during, the month of March, a rise in Iraq's oil reserves, with the exception of the reserve is located in the Kurdistan region, noting that Iraq's reserves alone amounting to 143 billion barrels and 129 trillion m 3 of gas.
Iraq has signed, during the last year, 2010, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after the addition of the quantities of other fields of national effort, and focused most of those contracts in the fields of the South.
The Oil Ministry announced last week that rising levels of crude oil output to reach more than (2.95) million barrels.
The Minister of Oil Abdul Karim and coffee that the production rates of (2.95) million barrels .. He said, adding that production rates will reach before the end of this year (3 million) barrels per day.
The Finance Committee of the Iraqi Council of Representatives confirmed a few days ago, that the balance of 2012 will reach the parliament through (this week) after the cut and the Ministry of Finance, the proportion of the deficit and the adoption rate of 85 dollars per barrel of oil, while it likely that the rate reduction to 115 trillion dinars .
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