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MP warns of increasing the size of the budget of 150 trillion dinars

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carpenters


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Committee member warned the MP Abdulabas Xiaa economic, increase the size of the budget (2013) to become (150) trillion dinars because it will increase the fiscal deficit and Stthagl State for the purpose of debt repayment, adding that the current proposed budget and $ (113) good billion dollars to federal income ratio achieved.


Said Xiaa: The budget is supposed to be formulated in a way that is random, but is by calculating the volume of revenue attributable to the rate of spending in the country and against which determines the size of the annual budget. Said: asked Parliament to increase the size of budget funds next year to (150) trillion dinars will lead to economic problems in the country. continued: by increasing the fiscal deficit to a very large what makes the government have to be covered by loans or Special Drawing Rights, or funded by the World Bank and thus overburden rests with the state financial debt. added: that the size of next year's budget proposed by the Ministry of Finance and $ (113) billion dollars by income earned good annual rate of spending in the country, where it drafted after consultation with the World International and OPEC and other international organizations, the increase will lead to economic problems in the country.: that there is an increase in the proposed budget for the year (2013) for the year (2012) $ (13) billion dollars, in addition to the failure to and an increase in the operating budget except the salaries of retirees and by a few signs that the amount will be added to the investment budget and therefore the ratio of the fiscal deficit will be lower than it was last year, which was (12.6 percent). The number of deputies in the parliamentary Finance Committee had asked the federal government to increase the budget to (150) trillion dinars. The Ministry of Finance announced earlier that the proposed budget for the year (2013) amounted to (113) billion dollars, and the price of oil (90) dollars per barrel. Mention that the Iraqi Council of Representatives had voted on the financial budget for the year (2012) of $ (100) billion dollars, equivalent to (117) trillion Iraqi dinars, and a deficit estimated (14) trillion dinars, laid out on the basis of pricing of a barrel of oil (85) dollars.

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