Wednesday, December 8th 2010Iraqi 2011 budget expected to increase 10% economic growth
Baghdad, An adviser in the Iraqi Central Bank stated on Wednesday that the 2011 budget will increase the economic growth by 10%, noting that it was done according to the country's economic policy.
Muzher Mohammed told AKnews that the 2011 budget in its present state is one of the best Iraqi budgets after 2003, as it will increase the country's economic growth by 10% and will address the economic structure, and it will also address part of the economic difference between Iraq and the countries of the world.
The Iraqi Ministers Council said in a statement last Wednesday that it had approved on 2011 draft budget with a deficit of $12 billion that will be covered by the amounts retained from the previous year's budget and internal and external loans, and it showed that the expected income is estimated by 66.7 billion dollars, while the expenditures are amounted by 78.7 billion dollars, that is a deficit of $12 billion.
The Iraqi Finance Ministry announced last month that the 2011 Iraqi budget law was put, and the new budget allocates a large share for investment to support the government's development strategy that will continue for the next four years.
The initial budget for Iraq reaches in 2011 to about 86 billion and $ 400 million, that is an increase that reaches up to 14 billion dollars more than the last budget.
