Central bank: the deficit in the current year budget is not illusory but planned

07-05-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)

I consider Governor of the Central Bank and the Agency Abdul Basit Turki, said the deficit recorded in each federal budget deficit is not imaginary, but planned in the future.

He said a Turkish reporter Agency (news): The Iraqi budget and since 2003 has so far issued disability scheme and ending with a surplus the fact that except for the 2009 budget, noting that the Central Bank in particular, and the government generally hopes to be budgets coming budgets integrated in the sense that be without deficit plan her.

Turki confirmed: that the budgets that are recorded in each budget is not fake, but are practically planned, indicating that the central bank is not worried, but is confident that the current budget year will end with a surplus at the end of the year.

And in the Council of Ministers approved (23 October 2012) on the year 2013 budget of $ 138 trillion Iraqi dinars on the basis of calculating the price of a barrel of oil at $ 90 per barrel and the amount of two million and 900 thousand barrels per day.

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