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$ 100 billion budget in 2012 .. Number has not softened the previous budgets,
• 12/12/2011 9:53
• Uncategorized , files
• no comments
Baghdad, "Iraq's gate," Mohammed Sharif
Announced parliamentary sources said the budget was received by Parliament after the modification and approval of a new cabinet, the cabinet approved the $ 100 billion a counterbalance to the year 2012 an increase of 22 percent from the previous year's budget, a figure that has not softened the previous budgets, and the total allocations operating budget where 80 trillion dinars (about 68.3 billion dollars). "
The head of the Finance Committee in the House of Representatives Haider al-Abadi said the high part of the operational budget in 2012 was due to escalation of the annual amount of money must be allocated for salary increases with the increasing numbers of staff and the increase in the size of the social protection network next to the escalation of prices of the ration card items by rising prices food in the world market, stressing that there is a project to review the salaries of state employees and retirees .. And that the Iraqi state institutions running 2750 employees .. He explained that about 6 million Iraqis (between employees and covered by a network of social protection and retired the side of large numbers of widows) earn money from the state.
The Cabinet had approved last week the Federal Budgeting for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.
The total revenue of the Federal 102 trillion dinars (about $ 87 billion) and was the result of calculating the revenue from export of crude oil average price of $ 85 per barrel and export capacity of up to 2.6 million barrels per day, including the quantity produced and exported from the Kurdistan region, amounting to 175 thousand barrels per day .
The Abadi, in a televised interview with state TV channel "that the federal budget on a conservative price of a barrel of oil due to fluctuations in world oil market by the crisis afflicting the global economy.
He said that oil revenues will enter this "Development Fund for Iraq after the deduction of 5 percent compensation Kuwait war, the investment budget has reached 37 trillion dinars (about 31.6 billion dollars), the operating budget and 80 trillion dinars (about 68.3 billion dollars)."
Adding that the government has allocated the largest proportion of its budget for the energy sector, reaching 17.48% of the group going forward, followed by security and defense (14.6%) and social services (13.28%), education, education and health 10% 5% referring to the double agricultural allocations in the budget.
The estimated budget deficit of 15 trillion dinars (about $ 13 billion) will be covered by the amounts of cash retained from the 2011 budget and the Development Fund for Iraq and domestic borrowing and other sources such as the IMF and World Bank.
For his part, Undersecretary of the Ministry of Finance, Dr. Fadhil Othman, a prophet that he can not reduce the operating budget for the benefit of the investment budget, noting that the budget year 2012 include the degree and 84 thousand new job .. Work will continue to grant loans from specialized banks (agricultural - industrial) and the Housing Fund will be interest-free loans to support special projects of the budget.
Between the agent and the state television, said that "the development of regions determine the allocations depending on the situation available, and the provinces receive allocations of petrodollars, while the other gets the revenue of customs border" .. In light of the budget strategy that was adopted, outlining the general budget in consultation with the ministries and provinces, where the strategy committee comprises experts from the budget all the ministries in addition to the advisers and experts of the Council of Ministers and the Ministry of Finance .. However, the budget year 2012 had been an objection by the Council of Ministers were to reconsider their objection was also from the International Monetary Fund.
Eligibility and the International Monetary Fund to intervene in the industry, the Iraqi budget Prophet said, "Iraq is committed to with the IMF after the latter has contributed in reducing the debt and the loans give Iraq have been used in many areas, and there is a soft loan from the Fund to address the budget deficit."
The IMF is a specialized agency of the Bretton Woods system established by the victors after World War II, the Fund was established under an international treaty in 1945 to work on enhancing the safety of the global economy. The headquarters of the Fund in Washington, DC, is dominated by its major industrial countries, particularly the United States of America.
The International Monetary Fund and the World Bank and the Paris Club have committed Iraq, the so-called economic reforms against the reduction of debt of the former regime that are benefits of delay more than the original debt, with a total principal amount, according to press reports, 45 billion dinars, while the total debt with the benefits of about 135 billion dollars.
The Prophet added, "The government's strategy is to increase revenue, pointing out that the compensation of Kuwait takes about 5 trillion dinars of the size of the budget.
For his part, Finance Minister Rafie al-Issawi Thursday on the sidelines of a press conference held at his office in Baghdad's Green Zone, said that "the budget in 2012 will not see any increase on the salaries of employees or retirees," noting that "a salary increase of the most important files that was objected to by the International Monetary Fund ".
He said al-Issawi said, "Any increase in the salaries of employees and retirees that would expand the operating budget and a negative impact on the investment budget, while the country needs more investment to move the Iraqi economy and the elimination of unemployment in the".
The al-Issawi that "the Iraqi Council of Representatives will not initiate any laws of the dimensions of finance before returning to the Government and the Ministry of Finance, to ensure the existence of financial cover it," asserting that "the budget that were developed by the Ministry of Finance and approved by the Council of Ministers did not put increases on salaries" .
The Deputy Prime Minister for Economic Affairs Rose Noor Shaways reported not approve supplementary budgets in the next coming years as recommended by the Committee on Economic Affairs in the Cabinet to prepare budgets free of disability.
It is assumed that the parliament votes on the budget after its members studied at a later time.
The Iraqi constitution does not allow the House to increase the budget, the Council can not be deleted from paragraphs
Oil accounts for about 94 percent of Iraq's revenues in the approved budget.
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• 12/12/2011 9:53
• Uncategorized , files
• no comments
Baghdad, "Iraq's gate," Mohammed Sharif
Announced parliamentary sources said the budget was received by Parliament after the modification and approval of a new cabinet, the cabinet approved the $ 100 billion a counterbalance to the year 2012 an increase of 22 percent from the previous year's budget, a figure that has not softened the previous budgets, and the total allocations operating budget where 80 trillion dinars (about 68.3 billion dollars). "
The head of the Finance Committee in the House of Representatives Haider al-Abadi said the high part of the operational budget in 2012 was due to escalation of the annual amount of money must be allocated for salary increases with the increasing numbers of staff and the increase in the size of the social protection network next to the escalation of prices of the ration card items by rising prices food in the world market, stressing that there is a project to review the salaries of state employees and retirees .. And that the Iraqi state institutions running 2750 employees .. He explained that about 6 million Iraqis (between employees and covered by a network of social protection and retired the side of large numbers of widows) earn money from the state.
The Cabinet had approved last week the Federal Budgeting for 2012, worth U.S. $ 100 billion, an increase of 22 percent from the previous year.
The total revenue of the Federal 102 trillion dinars (about $ 87 billion) and was the result of calculating the revenue from export of crude oil average price of $ 85 per barrel and export capacity of up to 2.6 million barrels per day, including the quantity produced and exported from the Kurdistan region, amounting to 175 thousand barrels per day .
The Abadi, in a televised interview with state TV channel "that the federal budget on a conservative price of a barrel of oil due to fluctuations in world oil market by the crisis afflicting the global economy.
He said that oil revenues will enter this "Development Fund for Iraq after the deduction of 5 percent compensation Kuwait war, the investment budget has reached 37 trillion dinars (about 31.6 billion dollars), the operating budget and 80 trillion dinars (about 68.3 billion dollars)."
Adding that the government has allocated the largest proportion of its budget for the energy sector, reaching 17.48% of the group going forward, followed by security and defense (14.6%) and social services (13.28%), education, education and health 10% 5% referring to the double agricultural allocations in the budget.
The estimated budget deficit of 15 trillion dinars (about $ 13 billion) will be covered by the amounts of cash retained from the 2011 budget and the Development Fund for Iraq and domestic borrowing and other sources such as the IMF and World Bank.
For his part, Undersecretary of the Ministry of Finance, Dr. Fadhil Othman, a prophet that he can not reduce the operating budget for the benefit of the investment budget, noting that the budget year 2012 include the degree and 84 thousand new job .. Work will continue to grant loans from specialized banks (agricultural - industrial) and the Housing Fund will be interest-free loans to support special projects of the budget.
Between the agent and the state television, said that "the development of regions determine the allocations depending on the situation available, and the provinces receive allocations of petrodollars, while the other gets the revenue of customs border" .. In light of the budget strategy that was adopted, outlining the general budget in consultation with the ministries and provinces, where the strategy committee comprises experts from the budget all the ministries in addition to the advisers and experts of the Council of Ministers and the Ministry of Finance .. However, the budget year 2012 had been an objection by the Council of Ministers were to reconsider their objection was also from the International Monetary Fund.
Eligibility and the International Monetary Fund to intervene in the industry, the Iraqi budget Prophet said, "Iraq is committed to with the IMF after the latter has contributed in reducing the debt and the loans give Iraq have been used in many areas, and there is a soft loan from the Fund to address the budget deficit."
The IMF is a specialized agency of the Bretton Woods system established by the victors after World War II, the Fund was established under an international treaty in 1945 to work on enhancing the safety of the global economy. The headquarters of the Fund in Washington, DC, is dominated by its major industrial countries, particularly the United States of America.
The International Monetary Fund and the World Bank and the Paris Club have committed Iraq, the so-called economic reforms against the reduction of debt of the former regime that are benefits of delay more than the original debt, with a total principal amount, according to press reports, 45 billion dinars, while the total debt with the benefits of about 135 billion dollars.
The Prophet added, "The government's strategy is to increase revenue, pointing out that the compensation of Kuwait takes about 5 trillion dinars of the size of the budget.
For his part, Finance Minister Rafie al-Issawi Thursday on the sidelines of a press conference held at his office in Baghdad's Green Zone, said that "the budget in 2012 will not see any increase on the salaries of employees or retirees," noting that "a salary increase of the most important files that was objected to by the International Monetary Fund ".
He said al-Issawi said, "Any increase in the salaries of employees and retirees that would expand the operating budget and a negative impact on the investment budget, while the country needs more investment to move the Iraqi economy and the elimination of unemployment in the".
The al-Issawi that "the Iraqi Council of Representatives will not initiate any laws of the dimensions of finance before returning to the Government and the Ministry of Finance, to ensure the existence of financial cover it," asserting that "the budget that were developed by the Ministry of Finance and approved by the Council of Ministers did not put increases on salaries" .
The Deputy Prime Minister for Economic Affairs Rose Noor Shaways reported not approve supplementary budgets in the next coming years as recommended by the Committee on Economic Affairs in the Cabinet to prepare budgets free of disability.
It is assumed that the parliament votes on the budget after its members studied at a later time.
The Iraqi constitution does not allow the House to increase the budget, the Council can not be deleted from paragraphs
Oil accounts for about 94 percent of Iraq's revenues in the approved budget.
[You must be registered and logged in to see this link.]
