December 2, 2010
Skinner reveals details of the budget of 2011: revenue about 93 trillion dinars and cover the deficit of the amounts retained.
بغداد – الصباح BAGHDAD - morning
Government spokesman Ali al-Dabbagh said the draft federal budget law for fiscal 2011, which referred it to the Council of Ministers (Parliament came to meet the aspirations set by the Government for Iraq will look like next and its institutions need to budget allocations).
Al-Dabbagh said in a statement that the government is seeking through the public budget that (carry out its functions and provide services to the Iraqi people and the optimal use of natural resources for the advancement of Iraq and the rate of recovery of its economy and imports).
He explained that the (projected income of the budget for fiscal 2011 is estimated at 78,705,237,500 dinars, while expenditures amount to 92,980,582,970 dinars a deficit of $ 14,275,345,470 dinars, would be covered from cash retained from the Federal budget for the year 2010 and internal borrowing and external), indicating that the (revenues divided between taxes and social contributions, grants and other income, including oil in addition to the sale of non-financial assets).
He explained that (calculating the revenues derived from export of crude oil is based on the rate of $ 73 per barrel at a rate of export of 25.2 million barrels per day from 150 thousand barrels for the export of crude oil to the Kurdistan Region with committing the Territory to transfer income from that to fund the reconstruction of Iraq after the deduction of 5% of compensation for the Kuwait war, or any other rate determined by the Security Council and paid to the United Nations, and when the non-payment amounts will be deducted from the region's share amounting to 17%).
According to the statement (will be required to ministries and departments not associated with the Ministry tied up all the amounts of cash grants that get under agreements with governments or foreign institutions and the amounts of cash donations after accepting the Council of Ministers if it is from foreign sources and from the Minister of Finance of the Federal whether national sources, grants and donations in kind all obtained «.
And according to (the allocation of 250 billion dinars as a contingency reserve be disposed of by the Council of Ministers), indicating that the (budget expenditures came in the form of investment and operational expenses, as the total amount of the investment budget 28,957,957,804 dinars, and total operational 64,022,625,166 dinars, divided between official state institutions and semi-official and independent bodies).
And detect (an amount of 1,633,788,000 dinars to the provinces producing crude and refined oil and associated gas and gas dome and will be distributed to each province according to their production).
And said that (the final chapter of the draft budget law to ensure that is limited to the exchange of key appropriations accounts approved within the budget by the competent minister or head of the body is related to the Ministry and the provinces and provincial non-region in the light of provisions within the annual budget) ...
Skinner reveals details of the budget of 2011: revenue about 93 trillion dinars and cover the deficit of the amounts retained.
بغداد – الصباح BAGHDAD - morning
Government spokesman Ali al-Dabbagh said the draft federal budget law for fiscal 2011, which referred it to the Council of Ministers (Parliament came to meet the aspirations set by the Government for Iraq will look like next and its institutions need to budget allocations).
Al-Dabbagh said in a statement that the government is seeking through the public budget that (carry out its functions and provide services to the Iraqi people and the optimal use of natural resources for the advancement of Iraq and the rate of recovery of its economy and imports).
He explained that the (projected income of the budget for fiscal 2011 is estimated at 78,705,237,500 dinars, while expenditures amount to 92,980,582,970 dinars a deficit of $ 14,275,345,470 dinars, would be covered from cash retained from the Federal budget for the year 2010 and internal borrowing and external), indicating that the (revenues divided between taxes and social contributions, grants and other income, including oil in addition to the sale of non-financial assets).
He explained that (calculating the revenues derived from export of crude oil is based on the rate of $ 73 per barrel at a rate of export of 25.2 million barrels per day from 150 thousand barrels for the export of crude oil to the Kurdistan Region with committing the Territory to transfer income from that to fund the reconstruction of Iraq after the deduction of 5% of compensation for the Kuwait war, or any other rate determined by the Security Council and paid to the United Nations, and when the non-payment amounts will be deducted from the region's share amounting to 17%).
According to the statement (will be required to ministries and departments not associated with the Ministry tied up all the amounts of cash grants that get under agreements with governments or foreign institutions and the amounts of cash donations after accepting the Council of Ministers if it is from foreign sources and from the Minister of Finance of the Federal whether national sources, grants and donations in kind all obtained «.
And according to (the allocation of 250 billion dinars as a contingency reserve be disposed of by the Council of Ministers), indicating that the (budget expenditures came in the form of investment and operational expenses, as the total amount of the investment budget 28,957,957,804 dinars, and total operational 64,022,625,166 dinars, divided between official state institutions and semi-official and independent bodies).
And detect (an amount of 1,633,788,000 dinars to the provinces producing crude and refined oil and associated gas and gas dome and will be distributed to each province according to their production).
And said that (the final chapter of the draft budget law to ensure that is limited to the exchange of key appropriations accounts approved within the budget by the competent minister or head of the body is related to the Ministry and the provinces and provincial non-region in the light of provisions within the annual budget) ...
Adding that the (draft law gave authority to the Federal Minister of Finance to conduct transfers between the federal budget appropriations approved and authorized the Minister of Municipalities and Public Works the power to make federal transfers between budget allocations by the municipal self-financing to maintain the one to the implementation of the required services).
