18 trillion dinars deficit in next year’s budget

18 trillion dinars deficit in next year’s budget

on 10/9/2012   12:00 PM

BAGHDAD – electronic integrity

Ministry of Finance predicted that “up the fiscal deficit next year’s budget being prepared to 18 trillion dinars, to say the least.”

Said Undersecretary Fadel Prophet “The ministry hopes to approve the budget before the end of the year for the purpose of accelerating spending to start implementing the projects.”

The Ministry of Finance announced the completion of the preparation of the budget in 2013 with an initial value of 132 trillion dinars and identified $ 90 per barrel.

The budget in 2012 included financial activate the granting of loans to citizens for the purposes of housing and farmers without financial benefits which may make them a way to find real solutions to the housing crisis and revitalize the agricultural sector.