Deputy for the rule of law is likely to approve 2012 budget early next February

[trooper]

Deputy for the rule of law is likely to approve 2012 budget early next February

Friday, 09 November / 1 December 2011 15:44

[baghdad - where]

Vice rule out a coalition of law approving the budget for fiscal 2012 in the Parliament before the end of this year.

The MP said Abdul-Abbas Xiaa told all of Iraq [where] on Friday that it was "unlikely to approve the financial budget of the Federal State for the year 2012 in the House of Representatives because it has not yet reached him to read to read a first and a second and then voted on and approved, in addition to that the budget is not a project Act normal, but you need to debate and express opinions by a majority of parliament. "

He added that "the adoption of the budget will need to [60] days, or is likely to recognize in early February of next year because it is interference in the work of ministries and provincial councils, in addition to the financial budget not only funds and the amounts they are reflecting the situation and the political will, so certain that the sessions will need to approve a period of time for quite some time. "

The government spokesman Ali Dabbagh said "the financial budget for next year have been reduced from 120 to 100] billion dollars to avoid a large deficit, however, the budget next year is the biggest, in the amounts of the financial budgets of Iraq throughout history.

And distributed the financial budget for Iraq for the next year by [68] percent of the operational projects, with gold [32] to balance the investment. Finished 2.

http://translate.google.com/translat...%26Itemid%3D86

[hammer911]

WOW...Trooper, you were on such a good roll with great news.....Nah, just kidding man... thanks for the heads up and the info....GO RV!!!~~~

[oneremedy]

Waiting till Feb '12 to approve budget for the year they are already in? Does that make sense?

[uncirculd]

Waiting till Feb '12 to approve budget for the year they are already in? Does that make sense?

Sure, they learned from us. They had a surplus from 2011, so no bother to them. We do it all time. Get short extensions. We are looking for the money for the budget while they are looking to spend the surplus.

[Carrello]

Waiting till Feb '12 to approve budget for the year they are already in? Does that make sense?

There is a law in Iraq that allows for this. If they get to January 2012 and do not have an approved budget, they use the budget for the previous January, January 2011. This applies to previous correlated month only, and not for the whole calendar year's budget. If they get to February with no approved budget, they will use the budget for February 2011, and so on..

.And as far as unapproved budgets go, happens all the time.

[Sowhat]

Waiting till Feb '12 to approve budget for the year they are already in? Does that make sense?

It would be just like last year.

Edited December 10, 2011 by Sowhat

[yota691]

What about the IMF requires them to have a budget, for ch 7. Its been rejected once. Sent back.

Edited December 10, 2011 by yota691

[oneremedy]

So, maybe...They will RV and then after, see how much they make off of it and then approve the budget?

[redsand]

There has been plenty of articles stating they have a budget in place and ready to go. A bunch of contradictors contradicting themselves.

I don't have the links but they are there. We don't know which one is right.

[fnbplanet]

Waiting till Feb '12 to approve budget for the year they are already in? Does that make sense?

I believe that the U.S. has NOT even attempted a budget since 2007 or 2008, mostly because they are due Oct. 1st of each year, and the parties don't want to give ammuniton to each other that close to an election. Iraq is way ahead of us, in that regard.

[zigmeister]

I believe that the U.S. has NOT even attempted a budget since 2007 or 2008, mostly because they are due Oct. 1st of each year, and the parties don't want to give ammuniton to each other that close to an election. Iraq is way ahead of us, in that regard.

Well they are under the gun, they have to get themselves out from under.

[yota691]

I believe that the U.S. has NOT even attempted a budget since 2007 or 2008, mostly because they are due Oct. 1st of each year, and the parties don't want to give ammuniton to each other that close to an election. Iraq is way ahead of us, in that regard.

The USA is working their way to Chapter 7 not trying to get out. The USA budget is turning into the subject, when it Iraq budget that need to be in place to get out of CH 7.