Finance parliamentary expects a supplemental budget for Iraq to $ 14 billion

Tuesday, June 11, 2013 17:26



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Twilight News / predicted the Finance Committee in the Iraqi Council of Representatives that the Government provide a supplemental budget for the current year of $ 14 billion.

alt Iraq's parliament approved last March, the country's financial budget for the current year of $ 118 billion, the largest in the history of Iraq.

A member of the Finance Committee in the Parliament MP Hassan al-Bayati's "Twilight News" It is expected that the volume of the supplementary budget for the current year of $ 14 billion.

Bayati attributed the cause of the delay in providing the government a supplementary budget to government fears of parliament rejected a similar rejection of the supplementary budget for the year 2012.

The supplementary budget presented by the government last year, amounting to $ 10 billion, but the parliament rejected the amounts are rounded to the current year's budget.

Al-Bayati said the supplementary budget for this year must precede a political agreement, otherwise it will confront rejection was also on the supplementary budget for the past year.

He said the Finance Committee did not hear about the organization any budget Tkmielh of the government, adding, "It was supposed to be a supplementary budget sixth month of being ready to be able to finance committee in parliament discussed in a maximum period of two months."

The crude oil export revenues about 95% of the country's budget and financial Iraq seeks to take advantage of abundant funds in the reconstruction of the country after the war and the siege but corruption and security divisions and tension hinder projects.



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