Details Budget: 21.31% of the energy sector and 14.37% for security and defense and the deficit of 18.8 trillion

Published on Tuesday, 23 October 1 / Okrudolf 2012 17:14 | Written by: ali

BAGHDAD
/ obelisk: Detection and government spokesman Ali al-Dabbagh said the
bulk of the general budget for 2013, which amounted to 138 trillion
dinars, will be the energy sector, which has allocated proportion 21.31 %, Followed by security and defense rate and the proportion allocated 14.37 %,
While the lowest rate was dedicated to the construction and housing
sector and amounted to 1.14%, indicating that the budget deficit is
estimated at 18.8 trillion dinars.

He
announced government spokesman Ali al-Dabbagh that the Council of
Ministers decided at its forty-sixth regular and held Tuesday 23 October
2012, approved a draft law the federal budget for 2013 of $ (138)
trillion dinars, an increase of 18% from last year.

Dabbagh
said that the total federal income amounted to (119.3) trillion dinars
were the result of calculating the revenues 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 territory of Kurdistan and the (250 ) thousand barrels
per day, where will oil revenues this Development Fund for Iraq after
deducting (5)% for war reparations Kuwait has reached the investment
budget (55) trillion dinars and the operating budget (83) trillion
dinars distributed to institutions, ministries and state bodies all will
be distribution of public expenditure according to the ratio of the
population after excluding allocations of the federal ministry center
and sovereign expenditure as shown in the following table:.





Ali
al-Dabbagh that the budget deficit is estimated at (18. trillion
dinars will be covered by cash retained from the budget in 2012 and the
Development Fund for Iraq and domestic borrowing by the treasury
transfers and external, as well as from the savings expected from the
increased sale prices of oil or increase production or borrowing from
the IMF and the World Bank will be empowered and Federal Minister of
Finance the power to continue to borrow from the International Monetary
Fund (IMF), complementing the $ (4.5) billion and the World Bank
complements the $ (2) billion dollars during the year 2013 and using
Special Drawing Rights (SDRs) to SDR Limits (1. billion dollars to cover the projected shortfall in the federal budget.

Dabbagh
said that the share of the Kurdistan region has reached (14.3) trillion
dinars, ie (17)% of the total operating expenses and expenses of the
investment projects of the general budget of the Federal Republic of
Iraq ratified the Kurdistan region after excluding sovereign expenditure
and will be settled dues between the Territory and the federal
government for the years (2004 until 2012) and subsequent years after
being examined by the Federal Office of Financial Supervision and
coordination and cooperation with the Office of Financial Supervision of
the territory no later than 15 October 2013.

Dabbagh
said the allocation of the amount (250) billion dinars as a reserve to
the government and $ (7.2) trillion dinars for reconstruction projects
and the development of regions and provinces, including the Kurdistan
region to be spent according to plans the reconstruction of the province
submitted by the governor and approved by the Council of the province
to the Ministry of Planning Federal where will the conservative
exclusively implement reconstruction plan approved and take the
provincial council responsible for monitoring implementation may not
make any transfers within these customizations between provinces will
also be allocated (1.318) trillion dinars, called assignments
petrodollars which the amount of dollars for each barrel of crude oil
producer in the province or refined in refineries maintain and dollars
all (150) cubic meters producer of natural gas in the province and the
province to be used no more than (50)% of the allocations petrodollars
to buy electric power and allocate revenues from visa to Iraq to visit
the holy sites in 2012 for services visitors and infrastructure,
according to the table Next:






And
between-Dabbagh said the draft budget has 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 the age requirement for
contractors in the past years to calculating the contract period as a
service for the purposes of retirement and will be exempted of all
citizens of the amount of interest on loans granted to them by the Land
Bank, agricultural and 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.

Al-Dabbagh
that the Iraqi government and to support the industrial sector and
private sector mixed Like initiative agricultural will be lending to
projects Iraqi Federation of Industries and the mixed sector without
interest and bear the Ministry of Finance to pay interest to the
government banks and the Federal Minister of Finance reallocate the
remaining funds and unspent amounts approved in the general budget
Federal for the year 2012 relating to compensation provinces, cities and
individuals affected to balance the beneficiary exclusively to conduct
paid during 2013, an exception of the provisions (Section IV) of the
Financial Administration Act and the Public Debt number (95) for the
year 2004 and also has the right to use the approved amounts for the
contingency reserve to pay the expenses of accidents emergency and
unexpected reduction (3) billion dinars for each case either if the
amount exceeds this limit must obtain the approval of the Federal
Cabinet.

Dabbagh
said the Federal Minister of Finance in coordination with the Minister
of Planning Federal will reallocate the amounts related to the projects
Emaar and assigning provinces ((Baghdad (Sadr and torch), Basra, Diyala
and Nineveh)), which was launched amounts in the form of advances in
2008 for the purpose of adjustments Agaydip them within the budget in
2013 without incurring the actual exchange as well as the reallocation
of revenue actually in land border ports, sea and air, including
sovereign revenues during the year 2011 to balance the border provinces
both by revenue actually at border crossing points in that province with
priority rehabilitation and reconstruction of the border crossing
points of each province.

Dabbagh
said that the Minister of Planning to provide the rate of
implementation of investment projects for each ministry or entity is
linked to the Ministry to the cabinet in the absence of the
implementation of a rate (25%) of the allocations of each project
through the (6) months from the adoption of the budget For the Minister
of Finance, in coordination with the Minister Planning to report to the
Council of Ministers to determine the causes of the failure and the
House of Representatives questioning the minister or the head of the
non-related to the Ministry in the event of non-implementation of a rate
(60%) of the investment allocations for the ministry or his department
of the federal budget.
Dabbagh
said that the Federal Cabinet will add allocations to federal budget
for 2013, when achieved an increase in revenue from exports of crude oil
exported through the first six months of this year to pay off the
deficit planned budget and securing funds for investment projects of the
Ministry of Electricity after approval by the Ministry of Planning
Federal addition to amounts imported electricity and reimburse the
private sector before 04/09/2003 and loans granted by the government
banks for salaries of employees of public companies for 2010, 2011 and
2012, loans granted by the government banks to buy barley crop for 2010
and amounts to support the affected governorates (Diyala and Nineveh)
and the amounts relating to the general census of population will be
borne by the Ministry of Finance the amount of interest the (4%) of the
total loans granted to residential بسماية project.


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Baghdad / Obelisk: The Iraqi government announced on Tuesday that the Council of Ministers approved the budget for next year at $ 138 trillion dinars, pointing out that it was calculating the export price of oil to $ 90.

He said government spokesman Ali al-Dabbagh's "obelisk", "The Council of Ministers approved in its 46 th meeting, on Tuesday, the federal budget for 2013, $ 138 trillion dinars."

Dabbagh said that "the budget calculated the export price of oil of $ 90 a barrel and the amount of 2.9 million barrels per day and 250 thousand barrels of the Kurdistan region of Iraq."

The Minister of Planning Ali Shukri revealed, on the fifth of October now, that the budget for next year will amount to 132 trillion dinars, while pointing to it calculated according to preliminary estimates for the price of a barrel of oil product of $ 90.

The Iraqi cabinet announced, on July 3 last year, for approving the supplementary budget for the current year 2012, more than ten trillion dinars, while the balance of the current year, 117 trillion dinars, and operating budget reached 80 trillion dinars, compared to 37 trillion dinars investment budget.


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Reduce the financial international objection to raise the price of a barrel of budget 2013
Ali Abdullah - 10/25/2012 - 12:14 pm


Reduced and the Ministry of Finance, Wednesday, of the importance of an interception Monetary Fund and the World Bank to raise the price of a barrel of oil in the federal budget, indicating that the addition of five dollars on the price of a barrel came as a result of increased expenses in the budget.

Said Undersecretary Fadel Prophet in a press statement that "It was agreed at the preparation of the budget strategy for 2013 between Iraq and the IMF and the World Bank to be $ 85 a barrel, and there was no opposition to raise the price of a barrel to $ 90."

He added that "next year's budget increased value and estimated amounts for the expenses also rose, so the Council of Ministers decided to calculate the price of $ 90 a barrel instead of $ 85."

He continued that "I think the Finance Minister Rafie al-Issawi Light Monetary Fund and the World Bank on the subject and we do not believe that there were problems."

The Council of Ministers decided at its forty-sixth regular on 23 October 2012, approved a draft law the federal budget for 2013 of $ (138) trillion dinars, an increase of 18% from last year.

According to the project that the total federal income amounted to (119.3) trillion dinars were the result of calculating the revenues 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.

The amount of the investment budget (55) trillion dinars and the operating budget (83) trillion dinars distributed to institutions, ministries and all state bodies where public expenditure will be distributed according to population ratios after excluding allocations of the federal ministry center and sovereign expenditure.


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