27/10/2010
Iraqi Council of Ministers postpones reading budget 2011
Baghdad, The adviser in the Iraqi government, on Wednesday, that the Council of the prime minister postponed to read the budget in 2011 to next week, in order to address the problem of the difference between the price of oil and oil ministries of finance ministries.
The Economic Adviser peace Qureshi told the Kurdish news agency (Rn) that "the Presidency of the Ministers on file the budget in 2011 to the Economic Commission for study well and provide a suitable platform in the transfer of funds of the financial budget to the ministries and government institutions service after it has been agreed on oil prices."
He pointed out that "the major obstacle to the budget in 2011 is the instability of the price of Iraqi oil, so the Economic Commission will be discussed with the Ministry of Oil and Ministry of Finance next week ways out of this problem and activation of a distinct budget supports the Iraqi economy."
Quraishi and that "the budget in 2011 was $ 86 billion and $400 million, assuming the price of oil is $ 70 per barrel, facing a real threat because of the insistence of the Ministry of Oil to keep the price of a barrel of oil exported $65, which confuses the budget in 2011."
The Iraqi government announced the outgoing last Friday, they discussed the country's general budget for 2011 later this month after the end of the Ministry of Finance prepared.
He explained that Quraishi "balanced feature in 2011 trying to deal with inflation and the distribution of funds mainly on service projects such as energy, housing and construction, as well as tackling unemployment and supporting investment."
According to the Financial Administration Act, No. 95 of 2004, the government should prepare a budget for the following year, in September of each year, in preparation for discussion at the House of Representatives for approval.
The Iraqi Finance Ministry announced last month that the finalization of the draft budget for Iraq in 2011, and the new budget allocates a large share of investment, and to support the government's development strategy that will continue for the next four years.
The initial budget for Iraq in 2011 about 86 billion and $ 400 million, assuming the price of oil is $70 per barrel, an increase of up to 14 billion dollars in the last budget.
In addition to the existing concerns of the late adoption of the budget for the lack of sessions of the Council of Representatives because of the government crisis, the experts in the field of economists argue that the budget did not address the issues of non notably inflation.
Many feel that the delay in adoption of the budget would put the country in the midst of another crisis, will reflect negatively on service projects and investment in the country.
And usually sees the preparation of budgets, the country's financial and approval delays by the government and the House of Representatives because of the many objections and criticism of certain paragraphs highlighted aspects of exchange and the financial allocations for some government institutions and the three presidencies.
The House had previously acknowledged last January that the 2010 budget at 72 billion and $ 400 million deficit of $ 19 billion and $ 600 million, assuming the price of a barrel of oil at 62 dollars and 50 cents
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Iraqi Council of Ministers postpones reading budget 2011
Baghdad, The adviser in the Iraqi government, on Wednesday, that the Council of the prime minister postponed to read the budget in 2011 to next week, in order to address the problem of the difference between the price of oil and oil ministries of finance ministries.
The Economic Adviser peace Qureshi told the Kurdish news agency (Rn) that "the Presidency of the Ministers on file the budget in 2011 to the Economic Commission for study well and provide a suitable platform in the transfer of funds of the financial budget to the ministries and government institutions service after it has been agreed on oil prices."
He pointed out that "the major obstacle to the budget in 2011 is the instability of the price of Iraqi oil, so the Economic Commission will be discussed with the Ministry of Oil and Ministry of Finance next week ways out of this problem and activation of a distinct budget supports the Iraqi economy."
Quraishi and that "the budget in 2011 was $ 86 billion and $400 million, assuming the price of oil is $ 70 per barrel, facing a real threat because of the insistence of the Ministry of Oil to keep the price of a barrel of oil exported $65, which confuses the budget in 2011."
The Iraqi government announced the outgoing last Friday, they discussed the country's general budget for 2011 later this month after the end of the Ministry of Finance prepared.
He explained that Quraishi "balanced feature in 2011 trying to deal with inflation and the distribution of funds mainly on service projects such as energy, housing and construction, as well as tackling unemployment and supporting investment."
According to the Financial Administration Act, No. 95 of 2004, the government should prepare a budget for the following year, in September of each year, in preparation for discussion at the House of Representatives for approval.
The Iraqi Finance Ministry announced last month that the finalization of the draft budget for Iraq in 2011, and the new budget allocates a large share of investment, and to support the government's development strategy that will continue for the next four years.
The initial budget for Iraq in 2011 about 86 billion and $ 400 million, assuming the price of oil is $70 per barrel, an increase of up to 14 billion dollars in the last budget.
In addition to the existing concerns of the late adoption of the budget for the lack of sessions of the Council of Representatives because of the government crisis, the experts in the field of economists argue that the budget did not address the issues of non notably inflation.
Many feel that the delay in adoption of the budget would put the country in the midst of another crisis, will reflect negatively on service projects and investment in the country.
And usually sees the preparation of budgets, the country's financial and approval delays by the government and the House of Representatives because of the many objections and criticism of certain paragraphs highlighted aspects of exchange and the financial allocations for some government institutions and the three presidencies.
The House had previously acknowledged last January that the 2010 budget at 72 billion and $ 400 million deficit of $ 19 billion and $ 600 million, assuming the price of a barrel of oil at 62 dollars and 50 cents
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