108 billion budget next year

Ali Salman-04/08/2012-7: 06 am | Hits: 81
Economic/soldier killed, news



Is expected to reach $108 billion Iraq budget.

Identified by the Ministry of planning budget planning for the coming year with 108 billion dollars.

Planning Minister Ali Shukri, “ the Ministry started budgeting planning to 2013 which will be worth $108 billion dollars, most expected.

The budget for the year 2013 will focus on development and economic projects that would revive the Iraqi economy.

The Government is demanding the House each year to accelerate adoption of the budget and not delay it for long.

Economists believe that delaying fiscal budgets hurt the economy and strategic projects.

The Council of Ministers approved in December last year 2012 budget of 117 trillion Iraqi dinars ($100 billion) deficit of 17 trillion dinars, or $14.5 billion on the basis of price appreciation for oil 85 dollars per barrel and oil exports volume 2,625 million barrels per day, the Parliament adopted after more than two months.