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Make transfers within the financial budget
11/02/2012
BAGHDAD - Al Sabah
come back the House of Representatives this week, its discussion of the draft budget for 2012 amid many difficulties facing the pass and warnings of a economy is affected due to delayed approval. revealed the source of a parliamentary early "morning", the intention of Parliament to initiate discussions of a new budget, despite the presence of Problems of many in the parliament on the project , especially as the amount of the budget is explosive compared to budgets of past years. and government approved the budget year 2012 totaling $ 100 billion, and a deficit estimated at about $ 14 billion, after the adoption of calculated on the rate of default price for a barrel of Iraqi oil was $ 85, and the volume of oil exports reached 2 0.6 million barrels a day. The rate of investment projects in the budget next year 35 percent, while acquired the rest of the sectors, particularly the operating budget for the remaining ones. Source expected to be approved the budget early next March after some transfers of Finance, however, that the source of Deputies confirmed that the Finance Minister Rafie al-Issawi told House of Representatives at the meeting hosted last month, with difficulty to make amendments to the draft budget. Economists believe that the delay in approving the budget affect the Iraqi economy in the field of fire vital projects and development projects, as it can not state departments to act without the approval of the budget.
"Al Sabah" The directives were issued to stop the disposition of the funds and administrative issues, such as transferring the contracts to the angel or announcement for tenders and other financial and administrative matters, because of a failure to approve the budget yet. And varied views of the political blocs on the approval of the state budget for the current year because of the existence of many loopholes in, and the insistence of the Liberal bloc not to vote on the budget unless it includes a clause stipulating the allocation of a share of the oil is distributed among the Iraqi people. Attributed the Finance Committee Chairman Parliamentary Haider al-Abadi delayed approving the budget to delays in the Ministry of Finance provided for about two months.
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