The government sends the budget in 2011 to the House of Representatives on Monday

[nathan1606]

An adviser to Iraqi Prime Minister Nuri al-Maliki for Economic Affairs, announced that the Council would send the Prime Minister on Monday file the budget in 2011 to the House of Representatives.

Salam al-Quraishi, a Kurdish news agency (Rn), “The Presidency of the Council of Ministers will be sent on Monday a budget in 2011 to the presidency of the Council of Representatives in order to show the debate and then vote before the end of this year.”

The Quraishi that “the Council of Ministers held extensive amendments to the budget, and called on ministries to reduce fiscal expenditure commensurate with the critical situation in Iraq.”

And Quraishi, that “the delay in adoption of the budget and make it as a means of conflicts of political, as happened in the 2010 budget will put Iraq into an economic risk,” hoping that “the amendments to the budget by the House in line with the number of budget in 2011 of $ 86 billion based on the price of a barrel of oil agreed between the ministries of oil and finance the $ 76 per barrel of crude oil. “

The Iraqi Council of Ministers approved on 23 this month, the budget in 2011 after it was agreed that the selling prices of oil between the ministries of oil and finance.

The Iraqi Finance Ministry announced last month that the finalization of the draft budget for Iraq in 2011, and the new budget allocates a large share of investment, and to support the government’s development strategy that will continue for the next four years.

The initial budget for Iraq in 2011 about 86 billion and $ 400 million, an increase of up to 14 billion dollars in the last budget.

According to the Financial Administration Act, No. 95 of 2004, the government should prepare a budget for the following year, in September of each year, in preparation for discussion at the House of Representatives for approval.

And warned the Ministry of Planning in the earlier of the consequences of delay in approving the budget in 2011 that this puts Iraq on the touchstone of economic risk

http://don't promote other sites.wordpress.com/2010/11/28/the-government-sends-the-budget-in-2011-to-the-house-of-representatives-on-monday/

[Uncle Mike]

Great news, Is this what we've been waiting for.. Thanks, Nathan

[dollarsense]

Sounds like they are moving in the right direction for once. Thanks for the post

[LDR]

Thank you for the wonderful news. Closer? Time will tell.

[tkc]

Thanks Nathan----Please RV!!!!!!!!!!!!!!!!!!!!!!!!