Parliament confirms the payment of the remaining deficit in the 2012 budget

The time on Friday, 04 December / 2 January 2013 14:47

Baghdad / Orr News

Confirmed the parliamentary Finance Committee, on Friday, he was to pay the remaining deficit in the 2012 budget, which amounts to nearly trillion dinars through surplus selling price of crude oil in addition to the existence of financial allocations rounded to the current year budget (2013).

A member of the Committee secretary Hadi, "it was the payment of the remaining budget deficit in the 2012 budget last through surplus selling price of crude oil," adding that "through the budget diagram We do not have any indicators of deficit in the next budget." He explained that he "will address the additional funds for projects that need to pay the dues of other through the emergency plan in the general budget."

And being the House of Representatives and about a month from now discuss the draft federal budget for next year and allocated by the government. The Council of Ministers approved in its Forty-sixth regular on 23 October 2012, a bill 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 territory of Kurdistan and 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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