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Cabinet raises the budget 2013 to the Parliament for ratification
05-11-2012-12: 37
Economy and work
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Zulal
Cabinet, announced Monday, to lift federal Iraq budget next year 2013 to the Parliament for ratification, pointing at the same time it is 138 trillion Iraqi dinars.
He said the Ministry's Secretary General Ali Mohsen Ismail in a statement issued Monday, and received "alsumaria news", "the Cabinet lift balancing federal Iraq next year to the House finalized for approval."
Ismail said that the federal budget would total 138 trillion dinars ", stating that" investment budget will amount to 55 trillion dinars, with operational budget will amount to 83 trillion dinars ".
The Cabinet ratified on 23 October 2012, to balance next year 2013 worth 138 trillion Iraqi dinars on the basis for the calculation of the price of the barrel of 90 dollars per barrel and the quantity of 2 million and 900,000 barrels a day.
The Iraqi Cabinet approved, in 2011, balancing Iraq for 2012 worth 117 trillion dinars by deficit of 14 trillion dinars, the Iraqi Parliament voted in (23 February 2012) worth about $ 100 billion, calculated in accordance with the export of crude oil on the basis of a conservative price of $ 85 a barrel and an export rate of 2 million and 600,000 barrels including exports of Kurdistan.
The Ministry of natural resources in Kurdistan, revealed on September 14, 2012, agreed with the Federal Government on the export of 200,000 barrels per day in the next three months, as well as the agreement to give the territory by 17% of the total amount of crude oil refined in Iraq, and the same percentage of the total crude oil is supplied to power plants.
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