2012 Budget to Finance Committee Monday to Discuss

[Carrello]

Sunday, 11 12 2011 14:29 GMT

Member of the Finance Committee Najiba Najib

Alsumaria News / Baghdad

www.alsumarianews.com

Announced that the Finance Committee in the House of Representatives of Iraq, Sunday, on the arrival of the General Budget Law for 2012 to Parliament, while it confirmed that some of the paragraphs need to be studied, indicated that it will be submitted to Parliament for discussion during future meetings.

A member of the Committee Nagia Najib said in an interview for "Alsumaria News", "General Budget Law for 2012, arrived to the Finance Committee in the House," indicating that "the Commission will meet, on Monday, to discuss the paragraphs of the budget to decide then submitted to the parliament to read the first reading ".

Najib added that "the budget include the paragraphs need to be studied and approved of all the blocks," asserting that "the value of the budget of 117 trillion dinars, and the deficit 14 trillion dinars, considering the price of oil to $ 85 per barrel."

The Speaker Osama Najafi said, during the seventh meeting of the Council of Chapter II of the second legislative year, which was held today that the next meeting to be held next Tuesday, will discuss the financial budget for the year 2012 in the case of access to Parliament.

The Finance Committee of the Iraqi Council of Representatives, confirmed, the end of November last, that the balance of 2012 will reach to the Parliament (this week) after the cut and the Ministry of Finance, the proportion of the deficit and the adoption rate of 85 dollars per barrel of oil, while likely to reach the discount rate to 115 trillion dinars.

The head of the House of Representatives Osama Najafi demanded, in the (November 28, 2011), the need to expedite the completion of the annual budget for the coming year during a short period, stressing the need not to prejudice the rights of the provinces in pumping money into ventures and investments, as he emphasized the International Fund that is currently working on reduction and reduce the current budget in the budget for Iraq in 2012.

And Prime Minister Nuri al-Maliki, (November 16, 2011), that the budget for fiscal year 2012 will be forwarded to the parliament soon, adding that many countries agreed to implement the project on credit payment method.

The Ministry of Planning, announced (22 September 2011), that the financial budget for 2012, next will be between $ 112 and $ 120 billion, confirming that 35 percent were allocated to the budget of the investment, while the balance of 2011 the current 81.9 billion dollars deficit of $ 13.3 billion .