Parliamentary Finance Committee: next year’s budget will be larger as a result of rising oil exports

Parliamentary Finance Committee: next year’s budget will be larger as a result of rising oil exports

Sunday, 09 September / September 2012 08:25

{Baghdad: Euphrates News} expect a member of the parliamentary Finance Committee secretary Hadi to be larger next year’s budget from the current year’s budget, due to higher oil exports.

Hadi said in a statement to the Euphrates News Agency {} on Sunday he was “expected to be the next year’s budget more than the current year’s budget, which was {100} billion dollars due to higher oil exports and thus income from it.”

He said “the Council of Ministers will announce in its final account is expected to next year’s budget.”

He Hadi that “most final accounts reached a parliamentary Finance Committee, but we face every year problems in these accounts an issue extinguish advances that do not match the final accounts If treated properly by the Committee on Financial Control through the development of a specific mechanism P said the final accounts will be ready for submission to the House of Representatives. ”

The Iraqi government has approved a budget of $ 100 billion and the Iraqi government has granted priority in the draft budget for my oil and electricity.

The World Bank objected to the proportion of the budget deficit in 2012 of 16 per cent, and such a high percentage when compared with the budgets of neighboring countries at a time when the nearest percentage deficit in the Islamic Republic of Iran is the ratio of 8% . ended 2
Source: alforatnews