18.8 trillion dinar deficit in the budget for Iraq in 2013

Dabbagh: (18.8) trillion dinars deficit in the budget for Iraq in 2013

Saturday 27 October 2012

Follow-up – and babysit – said government spokesman Ali al-Dabbagh said the deficit in the federal budget for 2013 is estimated at (18.8) trillion dinars will be covered by cash retained from the budget year 2012 and the Development Fund for Iraq and domestic borrowing by the treasury transfers and external as well as from savings expected increased selling prices or increase oil production or borrowing from the International Monetary Fund and the World Bank.
And on the Cabinet meeting last Tuesday Dabbagh said that the Council of Ministers decided to approve the bill the federal budget for 2013 of $ (138) trillion dinars, an increase of 18 percent from last year.

And between-Dabbagh said the draft budget included advertising in local newspapers for grades developed within owners in 2013 by the ministries and departments not related to the Ministry, where priority will be given to install contracts exception of age requirement for contractors in the past years with the calculation of the contract period service for purposes of retirement and will be exempted of all citizens of the amount of interest on loans granted to them by the real estate and agricultural banks and the housing fund and continue to grant these loans without interest to the citizens and by the souls of each province will be borne by the Ministry of Finance interest rate.

Dabbagh said that the total federal income, which amounted to (119.3) trillion dinars were the result of calculation of income from export of crude oil at an average price (90) dollars per barrel and export capacity of up to (2.9) million barrels per day, including the quantity produced and exported from the Kurdistan region of the ( 250) thousand barrels per day, where oil revenues will enter the Development Fund for Iraq after the discount (5) percent of compensation for Kuwait war has reached the investment budget (55) trillion dinars and the operating budget (83) trillion dinars distributed among the institutions and ministries and state bodies all. Q, Q