Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

November 15th ~ 2012 budget in line with the aspirations of Iraq's economic and will Enhance the Value of Iraqi Dinar" ...


steveflex7
 Share

Recommended Posts

I'm not sure if this was posted already, but I just came across this article.

November 15th ~ 2012 budget in line with the aspirations of Iraq's economic and will Enhance the Value of Iraqi Dinar" ...

Related article ~ Iraq's Federal budget under discussion next month and Iraq cabinet aims to boost 2012 spending by a third ... and .. Iraq Budget 2012 ~ Financial budget file ends in 2012 ...

November 8, 2011

Iraqi government, discusses the 2012 budget mid-month

Baghdad, The Iraqi government said Tuesday it will discuss the country's budget for the 2012 mid-month in preparation for approval and sent to the House of Representatives.

Government figures indicate that Iraq's budget for next year will amount to 131 trillion Iraqi dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars (20 billion dollars).

The government says the deficit will be covered by the amounts of cash retained from the current year budget 2011 is internal and external borrowing and the proportion of savings is expected to increase selling prices or increased oil production or borrowing from the IMF and World Bank.

The chancellor said the government peace Quraishi, told the Kurdish news agency (Rn) that "the Council of Ministers will discuss in the 15 of this month's budget in 2012," noting that "the government will adopt the budget in line with the aspirations of Iraq's economic and enhance the value of Iraqi dinar."

Continues ...read more ..

"The Ministry of Finance said it has completed the required procedures and took notes of the International Monetary Fund into account and will raise the budget to the House of Representatives by 20 this month, to be voted upon before the start of next year."

Economists and experts predict that delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with a discussion of financial budgets annually.

Iraq relies is a member of OPEC on oil revenues to finance about 95% of the annual budget.

Often delayed the adoption of fiscal balances in Iraq and voted on in the House of Representatives because of the differences between the political blocs.

The value of the current year budget approved in February 20 last, of which $ 82.6 billion $ 25.7 billion of investments.

Iraq has suffered from dilapidated infrastructure sectors in the overall result of long years of siege and war during the last two decades of the last century.

Despite the passage of eight years to topple the former Iraqi regime, the Iraqi government could not provide basic public services for citizens, which are often protesting the lack of it.

http://articlesofinterest-kelley.blogspot.com/2011/11/iraqs-2012-budget-november-15th-iraqi.html

  • Upvote 5
Link to comment
Share on other sites

"The Ministry of Finance said it has completed the required procedures and took notes of the International Monetary Fund into account and will raise the budget to the House of Representatives by 20 this month, to be voted upon before the start of next year."

This is the quote I like. They want to move things along.

  • Upvote 1
Link to comment
Share on other sites

it sounds like next year to me. :/ but at least their is progress. positive progress. thanks for the post!

Either way is fine with me as long as they don't fool around anymore. But I did read a post on here a week ago saying Shabibi said when the troops leave Iraq it would cause the value of the dinar to rise so hopefully it is this year

  • Upvote 2
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.