The Council of Ministers and extensive discussions of the budget next year, after raising the Ministry of Finance a draft budget to the government last week.
Economists and experts predict that delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with a discussion of financial budgets annually.
The chancellor said the media of the Council of Ministers Mary Rayes told the Kurdish news agency (Rn) that "the Iraqi government will send a draft of the budget in 2012 to the Presidency of the Council of Representatives next Wednesday after voting in the Council of Ministers Tuesday."
"We hope in the Iraqi government that the budget is approved in the House with the beginning of the new year and does not get delayed like previous years."
Government figures indicate that Iraq's budget for next year will amount to 131 trillion Iraqi dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars (20 billion dollars).
Iraq relies is a member of OPEC on oil revenues to finance about 95% of the annual budget.
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