***** Finance Committee announces the arrival of budget 2012 to the House of Representatives

11/12/2011 | (Voice of Iraq) - Add comments - Sumerian News / Baghdad announced that the Finance Committee in the House of Representatives of Iraq, Sunday, on the arrival of the General Budget Law for 2012 to Parliament, while it confirmed that some of the paragraphs need to study, she noted it will be submitted to the House floor during future meetings. A member of the Committee Nagia Najib said in an interview for "Alsumaria News", "General Budget Law for 2012, arrived to the Finance Committee in the House," indicating that "the Commission will meet, on Monday, to discuss paragraphs of the budget to decide then submitted to the parliament to read the first reading. " The answer that "the budget include the paragraphs need to be studied and approved of all the blocks," asserting that "the value of the budget of 117 trillion dinars, and the deficit 14 trillion dinars, considering the price of oil per barrel 85 dollars. " The Speaker Osama Najafi said, during a session of the seventh of the second semester of the year the second legislative held, today, that the next meeting to be held next Tuesday, will discuss the financial budget for the year 2012 in the case of access to Parliament. The Finance Committee of the Iraqi Council of Representatives, confirmed, the end of November last, that the balance of 2012 will reach to the Parliament (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. The head of the House of Representatives Osama Najafi demanded, in the (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 the provinces in pumping money into ventures and investments, as he emphasized the International Fund that is currently working on reduction and reduce the current 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 were allocated to the budget of the investment, while the balance of 2011 the current 81.9 billion dollars deficit of $ 13.3 billion.



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11/12/2011 | (Voice of Iraq) - Add comments - Sumerian News / Baghdad announced the province of Baghdad, Salah Abdul Razzaq, Sunday, that the maintenance was raised to the Iraqi parliament proposals to amend the General Budget Law for 2012, and expand the powers of local governments, calling for the ministries to distribution expenses of the investment projects, and grades developed according to the percentage of population of each province. said Salah Abdul-Razzaq said in a statement issued today, and received "Alsumaria News", a copy of it, "The province raised the Iraqi Council of Representatives set of proposals to amend the budget bill for next year 2012 ", noting that" the proposals concerning the budget for the development of regions and give more authority to local governments to improve their performance. " Abdul Razak added that "the proposals include a separate budget of the development of regions for the federal budget, and, separately, to be affirmed and ratified at the beginning of the first month of next year 2012, which facilitates the release of the financial allocations to the provinces and not to stop projects for work. " He called Abdul Razak to "the need to settle the final accounts to the provinces two years after the launch of the budget, to enable the provinces to disburse their budget and the implementation of projects in the longest possible period, and not to return amounts depleting due to the short period between the launch of the budget and final accounts, "asserting that" The proposals also included a non-return cash grants provided by governments and foreign institutions. " and called on the governor ministries to "apportion the expenses of the investment projects, and grades developed in proportion to the percentage of population of each province", he stressed, the need to "officially announced in the media, giving the provinces producing oil or gas, the amount of four dollars for each barrel of oil product in which, and one dollar to the provinces is produced, and one dollar for each barrel of oil refinery, and $ a third in 150 meters cubic of natural gas." He went on Abdullah Razzaq that "the proposals provided to request the Governor to issue the provincial council decisions include aspects of exchange revenue petrodollars and border crossings, tourism and issued by the Ministry of Finance instructions implementing the budget of the development of regions of the provinces." The Ministry of Finance announced on the eighth of December, the current, for approving the budget of 2012 of 117 trillion dinars per deficit of $ 14 trillion dinars, indicating that it contains the grant 59 thousand degrees and careers of the ministries and government institutions, depending on the production of 2.0006 million barrels a day and at a price of $ 85 per barrel, and it has seen a rise compared to 2011, which amounted to the budget of 96 trillion dinars. The Finance Committee in the Iraqi Council of Representatives confirmed, in the 30 of November, that the balance of 2012 will arrive to the parliament within a 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 likely to reach the discount rate to 115 trillion dinars. The speaker of the House of Representatives Osama Najafi, in the 28 of November last, 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 the provinces in pumping money into ventures and investments, as he emphasized the International Fund that is currently working on reduction and reduce the current budget in the budget for Iraq in 2012.



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