Home
Electricity to be given budget priority
09/08/2011 17:13
Baghdad, August 9 (AKnews) – The development of electrical power will be given priority in the 2012 budget the Iraqi Planning Ministry announced on Tuesday.
Ministry spokesman Abdul-Zahra al-Hindawi told AKnews that the Planning minister Ali Shukri met with the ministers of finance, electricity and transport and confirmed that the ministry will give priority to the electricity sector in 2012 budget.
"The Ministry of Planning will work to get the approval of the Council of Ministers to give priority to the most important sectors and not to allocate the same amounts for all sectors because this was not effective in previous years."
"The Ministry of Finance informed the Planning ministry that the 2012 budget will be submitted to the Council of Ministers next September and is based on 15 trillion dinars and investment of 40 trillion dinars and it will include limiting the expenses of the non-essential ministries."
Iraq relies on crude oil to finance its budget and this is considered risky by economists due to the lack of diversity in the sources of income.
Electrical shortfalls are a part of life in Iraq with many parts of the country failing to get eight hours of power a day.
[You must be registered and logged in to see this link.]
09/08/2011 17:13
Baghdad, August 9 (AKnews) – The development of electrical power will be given priority in the 2012 budget the Iraqi Planning Ministry announced on Tuesday.
Ministry spokesman Abdul-Zahra al-Hindawi told AKnews that the Planning minister Ali Shukri met with the ministers of finance, electricity and transport and confirmed that the ministry will give priority to the electricity sector in 2012 budget.
"The Ministry of Planning will work to get the approval of the Council of Ministers to give priority to the most important sectors and not to allocate the same amounts for all sectors because this was not effective in previous years."
"The Ministry of Finance informed the Planning ministry that the 2012 budget will be submitted to the Council of Ministers next September and is based on 15 trillion dinars and investment of 40 trillion dinars and it will include limiting the expenses of the non-essential ministries."
Iraq relies on crude oil to finance its budget and this is considered risky by economists due to the lack of diversity in the sources of income.
Electrical shortfalls are a part of life in Iraq with many parts of the country failing to get eight hours of power a day.
[You must be registered and logged in to see this link.]
