From Alswat Iraq

[stevethecloser]

Aswat Al Iraq / Politics , Baghdad

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Iraqi 2012 budget within days - Maliki says

11/16/2011 7:17 PM

BAGHDAD / Aswat al-Iraq: Premier Nouri al-Maliki announced today that the 2012 budget will be completed within coming days to be sent to the parliament for endorsement.

In a statement by his office, copy received by Aswat al-Iraq, he added that the percentage of investment allocations shall be 30% of the budge.

Premier Maliki pointed out that countries like Germany, Korea and Japan will work on deferred payment.

RM (TP)/SR

[zigmeister]

Aswat Al Iraq / Politics , Baghdad

--------------------------------------------------------------------------------

Iraqi 2012 budget within days - Maliki says

11/16/2011 7:17 PM

BAGHDAD / Aswat al-Iraq: Premier Nouri al-Maliki announced today that the 2012 budget will be completed within coming days to be sent to the parliament for endorsement.

In a statement by his office, copy received by Aswat al-Iraq, he added that the percentage of investment allocations shall be 30% of the budge.

Premier Maliki pointed out that countries like Germany, Korea and Japan will work on deferred payment.

RM (TP)/SR

Interesting. What does that mean countries like Germany, Korea and Japan will work on deferred payment? They are postponing payment? I am doing another hmmmm, sounds like a deal in the making. Very good post.

[aliciadogz]

Alot of good stuff coming out.may I say it.Rv!!!!

[Butifldrm]

Economics

Maliki: Many countries agree to executing projects in Iraq upon deferred payment plan

Friday, November 18, 2011 13:30 GMT

Iraqi Prime Minister Nuri Al Maliki announced on Wednesday, that 2012 monetary budget will be referred to the parliament soon. Many countries agreed upon executing projects according to a deferred payment plan, Maliki revealed calling provinces to invest in private as well as foreign sectors.

“The cabinet will soon refer 2012 monetary budget to the parliament,” Maliki said during a conference for governors and heads of provincial councils held at the ministerial council and attended by Alsumarianews.

I believe this has to do with infrastructure investment.

“The budget focused on the operational side which weighed it down,” he pointed up.

Maliki attributed the causes of operational expenses’ increase to “the numerous demands calling for their increase”. The government hoped to give a chance for the investment sector within the budget in order to reconstruct provinces.”

“There is a committee working on stepping up the budget in order to increase investment expenses up to 30%,” Maliki added pointing out that “this requires the suspension of many operational expenses.’

“The government seeks to compensate lack of investment expenses in infrastructure projects,” Maliki revealed drawing the attention to the fact that “many countries including Germany, Japan and South Korea agreed to execute strategic projects based on a deferred payment plan.”

Maliki praised these countries’ approval and called provinces’ officials to “invest in the private sector and use foreign investment to benefit from local and foreign capital in reconstruction and services sectors.”

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http://www.alsumaria.tv/en/Economics-News-Iraq/3-70800-Maliki%3A-Many-countries-agree-to-executing-projects-in-Iraq-upon-deferred-payment-plan.html