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Source: balance of 2012 reveal an increase in allocations to the provinces
On: Wed, 14/12/2011 7:34
□ Baghdad / term economic
confirmed member of the Finance Committee MP Najiba Najib that the budget for the year (2012) included an increase in assignments of Finance of the provinces and concentrated to give broad powers in the process of project implementation.
The answer, according to the Agency (news): The budget for fiscal year (2012) received by the House of Representatives after it was amended by the Council of Ministers, which confirmed an increase in financial allocations to the provinces according to population of each province and area and volume of the important projects that need it.
She added that the next budget given the full powers of the governors and provincial councils to act in such funds, without reference to the central government to approve the disbursement of funds granted to them in the projects, saying it is the prerogative of the Governor.
showed: that the Board maintain its role is supervisory, follow the how to spend the amounts awarded to the provinces and the process of project implementation.
She explained: This budget is different from previous budgets, in terms of size and the powers given to the provinces, are described: that of the previous budgets were with powers shared between the provinces and ministries which can not be any province that a project without the approval of the Ministry for this project.
The House of Representatives had voted on the budget for 2011 of $ 81.9 billion dollar deficit of $ 13.3 billion are covered by the amounts retained from the previous year's budget, borrowing internally and externally, while the operating expenses $ 56.4 billion, while the capital expenditures $ 25.4 billion on based on the rate of $ 76.5 per barrel of oil at a rate of 2.0002 million barrels a day, including 100 thousand barrels of the Kurdistan region.
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