Proposal for zero the 2012 budget deficit

02/8/2012 12: 00 am
Baghdad-morning

The parliamentary Finance Committee revealed that it would submit a proposal for a zero deficit in the budget of 2012 through the deduction of the amount of the supplementary budget and member of the Committee Secretary Hadi (features & status of the Iraqi media network) "supplementary budget built on abundance and financial needs as vocabulary ration westratiget end poverty and supporting projects implemented by more than 70 percent up to July last year,"

Hadi said, "a House of a budget that will support government institutions that implement a projects, up 70 percent from last July By launching the 30 percent of these customizations is to support those institutions. "and" Bob the Finance Committee will submit a proposal to zero the balance remaining fiscal deficit this year and $300 million. Cabinet approved last month to draft supplementary budget law $10.7 trillion dinars.

Article 23 of the federal budget law first that "the Council of Ministers provide supplementary budget to the House of representatives, and if bit House Bill during 30 days from the receipt of the Bill for the Cabinet add customizations to the federal budget, according to paragraph 2 of this article," notes II of article 23 of the law "on budget Federal Cabinet add customizations to the federal budget for the year/2012 when an increase in income from exports of crude oil exported during the six The first half of this year, taking into account the calculated share of Kurdistan (17 percent) after the shortfall and exclude the sovereign ruling expenditures and found".

Set II of article 23 of the law of 31 budget by priority to spending Daddy amounts derived from financial abundance, entitled "supplementary budget."