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House of Representatives vote on Article 12 of the Code of Federal budget
Wednesday, 06 March 2013
The House voted in its third century, which was held under the chairmanship of Mr. Osama Najafi, head of the House of Representatives and in the presence of 168 deputies today Wednesday, 6/3/2013 12 articles of the Code of Federal budget.
At the beginning of the meeting initiated by any of the Holy Quran Council proceeded to vote on the budget bill and submitted by the Committees of Finance and Economy and investment with the completion of the vote on the 12 articles in the draft law.
estimated revenues of the federal budget for fiscal year 2013 of $ (119 296 663 096) thousand dinars (one hundred and nineteen thousand two hundred and ninety six billion, six hundred and sixty-three million ninety six thousand dinars) where was calculated revenue from export of crude oil on the basis of the average price of $ 90 per barrel and the rate of export of 2.9 million barrels per day, including 250 thousand barrels per day from the amount of oil produced in the province of Kurdistan.
included budget allocation expenses for the fiscal year 2013 amount of $ ( 138424608000) thousand dinars (one hundred and thirty eight thousand four hundred and twenty-four billion, six hundred and eight million dinars).
totaled planned deficit of the general budget (19,127,944,904) thousand dinars (nineteen thousand seventy-seven billion nine hundred and forty-four million, nine hundred and four thousand dinars covers the deficit of the amounts cash retained in the Development Fund for Iraq and internal and external borrowing and the percentage of savings is expected to increase selling prices of oil or increase production.
identified the federal budget for fiscal year 2013 accounted for 17% of the total expenditures to the Kurdistan region also took into account the budget quotas governorates not organized province by population.
and included the general budget allocation expenses for the security sector and defense amount (19702296000) thousand dinars (nineteen thousand seven hundred and two billion two hundred and ninety six million dinars) in an amount (12,782,897,000) thousand dinars (twelve thousand seven hundred and eighty-two billion ثمنمائة and Ninety-seven million dinars) to sector Education has also been allocated an amount (29456011000) thousand dinars (twenty-nine thousand, four hundred and fifty-six billion and eleven million dinars for the energy sector.
then decided to adjourn the meeting until tomorrow Thursday, 7/3/2013.
the information department
of the Iraqi Parliament
06/03/2013
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