Twilight News / The Ministry announces the launch of federal budget funds directly after approval

[blueskies]

Twilight News / The Ministry of Planning and Development Cooperation, Tuesday, announced the launch of federal budget funds directly after approval by the Presidency and the deployment of the budget law in the Official Gazette, stressing that there is a delay in many projects.

The ministry spokesman Abdul Zahra al-Hindawi said in an interview for "Twilight News", "The Ministry of Planning pending completion of the legal proceedings and budget of the approval of the presidency of the republic and published in the Official Gazette of the projects will be launched immediately after the completion of legal proceedings."

Hindawi said that "the ministry will launch projects in the same week that budget is published in the Official Gazette, and there will not be any delay by the ministry to the presence of a lot of projects stalled because of delays that happened in approving the budget."

The House voted last Thursday on the federal budget without a political consensus with the Kurdistan Alliance list, which threatened to resort to the Federal Court to challenge the original budget.

The total federal budget 138 billion dinars, which is the largest in the history of the Iraqi state, which included $ 55 billion dinars investment part, and 83 billion dinars, the operational part.

And the Iraqi government budget was built in 2013 on the basis of (90) dollars a barrel at a rate of 2.9 million barrels of oil a day.

 

See http://www.shafaaq.com/sh2/index.php/news/economy-news/54239----2013-------.html

[LIBoy]

Another good infastructure article.  This is what we need to see to know we are heading in the right direction.  Slow and steady wins the race. 

 

Thanks for the article blueskies.

[ddyal]

2.9 million barrels a day is over a billion barrels a year. At $90 a barrel that is over 90 billion DOLLARS a year. That is a whole lot more than 138 billion dinars. Something isn't right.

[ReVbo]

2.9 million barrels a day is over a billion barrels a year. At $90 a barrel that is over 90 billion DOLLARS a year. That is a whole lot more than 138 billion dinars. Something isn't right.

We see that translation every now and then. It should say "trillions," but it says "billions," leading everyone to believe that they accidentally let the cat out of the bag. It hasn't meant anything yet, but hey, maybe this time...

[dontlop]

i hope it is in billions of dinars , if it is that would mean a revaluation of the dinar has taken place .. equal to a dollar ..

 

 this isnt the first article that has made this statement  using the dinar as the same value of a dollar ..

 

 i hope it is not a mistake

[Belecosity]

Maybe its the whole (Thousand) Billions thing that doesn't come over correctly when translated. Heres to hoping it's not.  My thought is that it would be though, seeing as many people have thought the same thing with other articles(including me). But I would LOVE to stand corrected!

[one2one]

i hope it is in billions of dinars , if it is that would mean a revaluation of the dinar has taken place .. equal to a dollar ..

 

 this isnt the first article that has made this statement  using the dinar as the same value of a dollar ..

 

 i hope it is not a mistake

 

I CLICKED ON THE LINK---IT IS IN FACT " BILLIONS "