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Twilight News / Economic Commission announced in the House of Representatives, Thursday, that the budget deficit in 2013 will reach 19 trillion dinars, indicating that Iraq loans for international parties reached their benefits more than one billion dollars.
A member of the parliamentary economic committee-Hussein Mura'bi told Lord for "Twilight News" that "the budget deficit in the coming year 2013 will reach 19 trillion dinars."
And called Mura'bi "reduce the budget deficit this year being the largest in the history of Iraq," adding that he "will make Iraq subject to external borrowing from the bank and the International Monetary Fund."
He added that "these loans have great interest rates and reached a total this year to more than a billion dollars."
And that "could reduce some expenses such as furniture and other goods in order to reduce or eliminate the largest deficit in the history of Iraq and imposed globally not exceed 3%, and the case was now more than 10%."
The central bank announced earlier that the budget deficit in 2012 of $ 20 trillion dinars or 10% of GDP, confirming that the budget deficit by default and can be addressed through the stability of world oil prices and remain above $ 104.
The Ministry of Finance announced that the proposed budget for the year "2013 amounted to $ 113 billion, and the price of oil $ 90 per barrel.
The Cabinet has sent the budget to the House of Representatives for the purpose of debating and voting on them.
It is noteworthy that the Iraqi Council of Representatives may vote on the budget for fiscal year 2012 in the amount of $ 100 billion, equivalent to 117 trillion dinars.
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A member of the parliamentary economic committee-Hussein Mura'bi told Lord for "Twilight News" that "the budget deficit in the coming year 2013 will reach 19 trillion dinars."
And called Mura'bi "reduce the budget deficit this year being the largest in the history of Iraq," adding that he "will make Iraq subject to external borrowing from the bank and the International Monetary Fund."
He added that "these loans have great interest rates and reached a total this year to more than a billion dollars."
And that "could reduce some expenses such as furniture and other goods in order to reduce or eliminate the largest deficit in the history of Iraq and imposed globally not exceed 3%, and the case was now more than 10%."
The central bank announced earlier that the budget deficit in 2012 of $ 20 trillion dinars or 10% of GDP, confirming that the budget deficit by default and can be addressed through the stability of world oil prices and remain above $ 104.
The Ministry of Finance announced that the proposed budget for the year "2013 amounted to $ 113 billion, and the price of oil $ 90 per barrel.
The Cabinet has sent the budget to the House of Representatives for the purpose of debating and voting on them.
It is noteworthy that the Iraqi Council of Representatives may vote on the budget for fiscal year 2012 in the amount of $ 100 billion, equivalent to 117 trillion dinars.
[You must be registered and logged in to see this link.]
