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Presidency of the Republic to ratify the budget for 2012 fiscal
[9:00] 12/Mar/09
Erbil, March 9 / March (PNA) - President of the Republic ratified on Thursday on the budget for fiscal year 2012 amounting to more than $ 100 billion, and is the largest in the country's history.
The House of Representatives has approved the budget in the twenty-third of February last year after controversy continued for several months.
And suffering, despite the current year budget is huge, from a deficit of nearly 15 trillion dinars.
The text of the budget law that this deficit would be covered from cash retained in the Development Fund for Iraq, and internal and external borrowing and abundance of the expected increase in selling prices of oil or more.
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[9:00] 12/Mar/09
Erbil, March 9 / March (PNA) - President of the Republic ratified on Thursday on the budget for fiscal year 2012 amounting to more than $ 100 billion, and is the largest in the country's history.
The House of Representatives has approved the budget in the twenty-third of February last year after controversy continued for several months.
And suffering, despite the current year budget is huge, from a deficit of nearly 15 trillion dinars.
The text of the budget law that this deficit would be covered from cash retained in the Development Fund for Iraq, and internal and external borrowing and abundance of the expected increase in selling prices of oil or more.
[You must be registered and logged in to see this link.]
