Budget deficit 2013 will be repaid from the financial abundance achieved in 2012

Member of the Finance Committee: budget deficit 2013 will be repaid from the financial abundance achieved in 2012

Date: 12/10/2012 07:46:32 Monday

Baghdad (news) .. ruled member of the Finance Committee MP / coalition in Iraq / Hassan Salman al-Bayati, influenced by year’s budget deficit (2013) on the national economy, stressing will be repaid from the financial abundance achieved in the budget year (2012).
Economic Commission has announced in House of Representatives, the budget deficit in 2013 will reach 19 trillion dinars. told Bayati Agency (news): that the fiscal deficit is installed in the budget (2013) is a deficit Tkhmonaa and not real, because the deficit does not appear until after the end of the fiscal year. added: If there is a large fiscal deficit in the next budget will be repaid from the abundance of financial in the Development Fund for Iraq at the United Nations as well as the abundance achieved in the budget (2012) because the rate of expenditures amounted to (45%), likely pay the deficit at the beginning of next year. The central bank announced, earlier that budget deficit in 2012 of $ 20 trillion dinars representing 10% of GDP, confirming that the budget deficit Default and can be processed through the stability of world oil prices and survival over $ 104. mentioned that the Ministry of Finance announced that the budget Proposed “2013 amounted to $ 113 billion, and the rate oil $ 90 per barrel. The Cabinet has sent the budget year to the House of Representatives for the purpose of discussing and voting on them. and Paljder mentioning that the Iraqi Parliament had voted on the financial budget for 2012 in the amount of $ 100 billion which is equivalent to 117 trillion dinars. / end / 8. n. p /

ikhnews