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Parliament expected to see next year's budget deficit of 12 percent
10.10.2012 12:00 AM
BAGHDAD - morning
likely member of the Finance Committee MP Haitham al-Jubouri, that is witnessing the budget next year (2013) fiscal deficit up attributed to (12 percent) because it was calculated operating expenses and investment more than expected income, noting that the budget allocations investment few and not the level of ambition.
Jubouri said: must formulate the general budget on the basis of account operating expenses with true capital expenditures required by the projects in the country plus a small percentage of the fiscal deficit, adding that the rate of spending the country's financial risen this year requires increasing the size of the general budget. added: The budget for next year and put on account operating expenses and investment in the country more than fiscal revenue expected over the next year, which depends on oil sales and a small percentage of the tax and customs in the country, indicating that the budget in (2013) will see a deficit of approximately ratio ( 12 percent).
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