Central Bank: 2012 budget deficit of 20 trillion dinars

[Sara Johnson]

Tuesday January 24, 2012

Central Bank: 2012 budget deficit of 20 trillion dinars

Follow-up - and babysit -Central Bank of Iraq announced that the budget deficit in 2012 of 20 trillion Iraqi dinars, or gain of 10% of GDP, confirming that the budget deficit by default and can be treated through the stabilization of world oil prices remain above the $ 104.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "the budget deficit in 2012, a gain of 10% of GDP, or $ 20 trillion Iraqi dinars, a deficit Default does not require any economic worries because he put on the basis of the price of oil up to $ 85 and energy export 2.6 million a day, and that the economic outlook points to the price of a barrel of oil because the fall to below $ 104. "

He added that "the stability of oil prices at this level confirms that Iraq will address the deficit in the budget planning without the use of international loans or any other."

Saleh pointed out that "the central bank hopes that rising oil production and stabilize the price per barrel and that the institutions implement government investment map well and as planned without any failure and not to return the money allocated for investment, as happened in the budget of previous years" ... p / i

http://alrayy.com/41104.htm