23/12/2010Iraqi Finance: The process of recycling the funds will be made after approval of 2011 budget
Baghdad / 23 December (Rn) - The Iraqi Ministry of Finance, Thursday, that the process of recycling the money will be made after the launch of the budget in 2011.
The adviser said the ministry Zia Alckheon Kurdistan News Agency (Rn) that "the process of recycling of funds to the budget in 2010 will be implemented after the launch of the budget in 2011, when rated by the Council of Representatives."
He added that "after they are recycling the money will come out precise proportions of governmental institutions that have exhausted their funds fully allocated to it in 2010."
Prime Minister Nuri al-Maliki has asked the Ministry of Finance to submit a detailed report on the process of recycling funds for the year 2010.
The Alckheon that "the budget in 2010 Astvzt approximately 70% of their funds by ministries and government bodies and provincial councils but it lacks the final accounts Exact."
And postponed the second reading of the budget 2011 in the House of Representatives last Tuesday because of disagreements among Council members, on what the export of oil from the Kurdistan region, and do not include the current budget final accounts of the past year.
It is noteworthy that the budget in 2011 amounted to more than 102 trillion Iraqi dinars, equivalent to U.S. $ 87 billion, accounting for a rate of 75 trillion Iraqi dinars operating budget and the remaining investment.
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