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Parliament: the current year budget devoted to the central
On: Wednesday 11/1/2012 7:14
Baghdad / economic-term follow-up
, member of the Economic Commission MP Hussein Al-Muraabi The law of the current year budget did not differ from the law of 2011, although the survival of these laws may have the same opportunity to create a number of provincial regions.
He said Al-Muraabi (of the Agency news): The federal budget law currently does not differentiate from the previous law of 2011, where he devoted the central again did not give proper powers to provincial councils, pointing out, that it will create a new problem and maybe pay some provinces to demand the establishment of regions .
He continued that the whole matter depends on the extent of organizing meetings of the Council of Representatives through the presence of deputies and their commitment to attend meetings to discuss the budget and voting upon, and continued for another week will remain the second reading of the budget year 2012 is incomplete, amid further criticism of the draft of the current, and apparently the attitude of some blocks of the National Alliance were identical to some extent to the position of the Kurdistan Alliance, particularly with respect to shares of the governorates and the Kurdistan region.
The Finance Minister Rafie al-Issawi said in the eighth month of December of last year, in a press conference that the overall budget for the year 2012 has reached 117 trillion dinars , indicating, that the share of the operational budget for 2012 reached 80 trillion dinars, compared to 37 trillion dinars investment budget, and by Adzbulg 14 trillion dinars, which represents 10% of the gross domestic product and 12 percent of the total budget.
The House passed the budget for 2011 amounting to about 93 trillion deficit 14 trillion dinars, while the operating expenses 0.64 trillion dinars, while the total investment expenditure 29 trillion dinars, based on the rate of 76.5 dollars 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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