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Determining exchange rates 2012 budget end of the month
12/29/2012 12:00 am
BAGHDAD - morning
said parliamentary Finance Committee, said that the ratios exchange investment budget of the provinces and ministries for the last two months of this year will end this month, indicating that it has received ratios of exchange up to 31 from last October.
says BSA that reports disbursement investment ministries and provinces issued by the periods of time over the year can not measure the extent of the exchange rate unless there is a year-end report summarizing exchange rates carefully.
said a member of the Secretary of the Committee Hadi's (IMN) "The Finance Committee received exchange rates investment budget for the year 2012 for the governorates and ministries to 31 from last October, and will be completed to determine the rates of exchange for the two months remaining of the year by the end of this month. "
and explained that "the rates of disbursement of financial will be high this month because of a settling of accounts and delivery contractors for their ancestor thus will become clearer financial exchange rates at the end of this month. "Iraq admitted in February last budget year 2012 in the amount of $ 100 billion (about 117 trillion dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). indicate a paragraphs of the budget year 2012 that "The Council of Representatives may withdraw confidence from a minister or head of organization is not related to the Ministry in the case of non-implementation of a rate (75 percent) of investment allocations for the ministry or his department of the federal budget."
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