Home
Ministry of Finance to cover the deficit in the budget of 2011 will depend on the increase in oil prices
[You must be registered and logged in to see this image.]
BAGHDAD - babysit - Ministry of Finance announced, for bridging the budget deficit in 2011, could be covered by high oil prices.
The official spokesman for the ministry Zaid Zamel "The budget deficit
in 2011 could be filled through higher prices of crude oil supplier to
the President the annual budget upon which the state institutions."
"The Finance Ministry will contribute to bridging the budget deficit by
2011 through recycling project funds in the lagging provinces and
ministries."
The total planned deficit for the federal public budget for fiscal year
2011 (15727976200) thousand dinars (fifteen thousand seven hundred and
twenty-seven billion, nine hundred and seventy-six million two hundred
thousand dinars) and cover the shortfall of cash retained from the
Federal budget for the year 2010 and internal and external borrowing and
the proportion of savings are expected to increase selling prices or
increase oil production.
Iraq relies to finance its budget on crude oil, which prepared by
economists as a risk in the Iraqi economy because of the failure to
diversify its sources and development of industrial and commercial
sectors and other development.
The Ministry of Finance of Iraq Federal, announced that it will file
the budget in 2012 to the Council of Ministers in September next and are
free of the fiscal deficit . [You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
BAGHDAD - babysit - Ministry of Finance announced, for bridging the budget deficit in 2011, could be covered by high oil prices.
The official spokesman for the ministry Zaid Zamel "The budget deficit
in 2011 could be filled through higher prices of crude oil supplier to
the President the annual budget upon which the state institutions."
"The Finance Ministry will contribute to bridging the budget deficit by
2011 through recycling project funds in the lagging provinces and
ministries."
The total planned deficit for the federal public budget for fiscal year
2011 (15727976200) thousand dinars (fifteen thousand seven hundred and
twenty-seven billion, nine hundred and seventy-six million two hundred
thousand dinars) and cover the shortfall of cash retained from the
Federal budget for the year 2010 and internal and external borrowing and
the proportion of savings are expected to increase selling prices or
increase oil production.
Iraq relies to finance its budget on crude oil, which prepared by
economists as a risk in the Iraqi economy because of the failure to
diversify its sources and development of industrial and commercial
sectors and other development.
The Ministry of Finance of Iraq Federal, announced that it will file
the budget in 2012 to the Council of Ministers in September next and are
free of the fiscal deficit . [You must be registered and logged in to see this link.]
