29/12/2010Deputy for the national agreement: to approve the 2011 budget mid-next month
Baghdad, The deputy of the Iraqi National Alliance, on Wednesday, that the political blocs agreed on the Adoption of the budget law in 2011 mid-next month.
Haidar al-Yasiri of Kurdistan News Agency (Rn) that "the political blocs agreed on the Adoption of the budget law in 2011 the middle of next month after the discussion away from technical and political objectives."
The House of Representatives postponed the first reading of the draft budget for 2011, after 72 deputies objection to the interim financial report of the Committee, containing some observations on income and deficit and the financial allocations for some of the institutions and ministries.
Yasiri and that "two sets of the House of Representatives next planning to focus heavily on the discussion of budget law of 2011 and address the financial problems in it."
He Yasiri that "the Commission interim financial had many of the observations on the draft budget submitted by the Government and will be at the meetings of the House of Representatives allocated to read the observations of the budget."
The coalition and Kurdish blocs objected to the House of Representatives to discuss the first reading of the draft budget for 2011, and stipulated the formation of a vote by the Finance Committee.
And Iraq's cabinet approved the draft general budget for 2011 a deficit of $ 12 billion will be covered by the amounts retained from the previous year's budget and borrow internally and externally, between the expected income is estimated at 66.7 billion dollars, while expenditures amounted to 78.7 billion dollars, a shortfall of $ 12 billion .
The initial budget for Iraq in 2011 about 86 billion and $ 400 million, an increase of up to 14 billion dollars in the last budget.
