Revealed exchange rates for the 2012 budget early next year

BAGHDAD / Obelisk: A source in the Office of Financial Supervision, Sunday, that the final figures for the federal budget and expenses quotas ministries and state institutions all of 2012 will appear early next year after the close of the final accounts of the ministries.

The source told “obelisk”, “The ministries and state institutions all completed accounts until last October, the varying proportions of the Ministry to the Ministry or one province to another, but can not be adopted unless it is delivered the final accounts for the two months remaining of the year.”

The source, who spoke on condition of anonymity, that “the beginning of next year will see the emergence of the final figures for the federal budget expenses.”

He added that “these accounts will be delivered to the House of Representatives to be informed and audited and comments.”

The head of the Office of Financial Supervision Abdul Basit Turki revealed, in the 11 of December, the current, the technical reasons obstacle to completion of the final accounts, pointing out that the bank’s management rejects any political pressure in this regard. The House of Representatives discussed in the past several sessions file final accounts, and the issue of the federal budget for next year.