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Parliamentary Finance announces the completion of the drafting of the budget law

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Parliamentary Finance announces the completion of the drafting of the budget law



LAST UPDATED: DECEMBER 28 2 / JANUARY 2013
BAGHDAD / Bri Center for the Iraqi Media Network (IMN) - The parliamentary Finance Committee announced, on Monday, completed the formulation of the draft federal budget law for 2013.

A member of the Committee secretary Hadi's (IMN) - "The Finance Committee has completed the preparation of drafting the report of the federal budget for the current year after the arrival of official answers from the government about some of the points, in addition to developing answers with questions of Representatives within the report."

Amin said that "the Presidency of the Council of Representatives in agreement with the Finance Committee will determine the date for the vote on the federal budget after reading the report of the budget within the parliament."

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

According to the draft budget that the total federal income amounted to (119.3) trillion dinars were the result of calculation of income 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 $ (250) thousand barrels per day.

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