06/02/2011
Central warns of impact of the delay in the budget and the reality of economic development
بغداد - الصباح BAGHDAD - morning
Central bank warned of the delay in approving the budget of 2011 being a negative affect on the reality of economic development in the country.
The central bank adviser said the appearance of Mohammed in a press statement that "the delay in approving the budget in 2011 more than this time will weaken the country's economic development is a large and particularly affect the rates of growth."
The Iraqi government confirmed earlier that the existing gaps in the budget of 2011 is an old legacy of the mechanism for restructuring of the budget in previous years.
Saleh added that "the delay does not affect the budget for the monetary policy of the country they are part of the fiscal policy to ensure that the central bank to manage it
Operational projects and up to 77 percent of the total value of the public budget remains as part of the investment up to 28 percent.
The benefit of that "the economic impact of Nokia on the part of the operational budget for 2011 up 12 / 1 of the operating budget for the previous year, but affect the investment part of the budget."
The Iraqi government has approved the draft federal budget law for fiscal year 2011, with $ 79.6 billion to the budget dollars, so when calculating the oil per barrel to U.S. $ 73, and the rate of export of 2.25 million barrels per day.
Saleh pointed out that "the major projects sponsored by the state oil projects and others to delay the budget is not affected, but affected by the service projects of direct contact with the lives of citizens."
It is expected that the budget deficit to reach about $ 5 billion, in what is expected that the rate of spending about 54.7 billion dollars.
The central bank said, that the Iraqi government can fill the deficit in the budget in 2011 by borrowing from their deposits in government banks.
The Prime Minister warned of a financial deficit confuse the completion of projects for 2011 if it does not fill the Central Bank deficit in the general budget of the country by oil reserves.
Iraq relies He is a member of the Organization of Petroleum Exporting Countries on oil revenues to finance about 95 percent of its annual budget.
In the opinion of a number of deputies that the delay in the budget more than the current time would disrupt the process of reconstruction and hamper the movement of government and ministries.
And witness the preparation of budgets, the country's financial and approval delays by the government and the House of Representatives because of the large number of objections and criticisms on some of its paragraphs highlighted aspects of exchange and the financial allocations for some government institutions and the three presidencies.
The central bank had said earlier that the 2011 budget will raise economic growth to 10 percent than it was, noting it was built according to the country's economic policy.
Central warns of impact of the delay in the budget and the reality of economic development
بغداد - الصباح BAGHDAD - morning
Central bank warned of the delay in approving the budget of 2011 being a negative affect on the reality of economic development in the country.
The central bank adviser said the appearance of Mohammed in a press statement that "the delay in approving the budget in 2011 more than this time will weaken the country's economic development is a large and particularly affect the rates of growth."
The Iraqi government confirmed earlier that the existing gaps in the budget of 2011 is an old legacy of the mechanism for restructuring of the budget in previous years.
Saleh added that "the delay does not affect the budget for the monetary policy of the country they are part of the fiscal policy to ensure that the central bank to manage it
Operational projects and up to 77 percent of the total value of the public budget remains as part of the investment up to 28 percent.
The benefit of that "the economic impact of Nokia on the part of the operational budget for 2011 up 12 / 1 of the operating budget for the previous year, but affect the investment part of the budget."
The Iraqi government has approved the draft federal budget law for fiscal year 2011, with $ 79.6 billion to the budget dollars, so when calculating the oil per barrel to U.S. $ 73, and the rate of export of 2.25 million barrels per day.
Saleh pointed out that "the major projects sponsored by the state oil projects and others to delay the budget is not affected, but affected by the service projects of direct contact with the lives of citizens."
It is expected that the budget deficit to reach about $ 5 billion, in what is expected that the rate of spending about 54.7 billion dollars.
The central bank said, that the Iraqi government can fill the deficit in the budget in 2011 by borrowing from their deposits in government banks.
The Prime Minister warned of a financial deficit confuse the completion of projects for 2011 if it does not fill the Central Bank deficit in the general budget of the country by oil reserves.
Iraq relies He is a member of the Organization of Petroleum Exporting Countries on oil revenues to finance about 95 percent of its annual budget.
In the opinion of a number of deputies that the delay in the budget more than the current time would disrupt the process of reconstruction and hamper the movement of government and ministries.
And witness the preparation of budgets, the country's financial and approval delays by the government and the House of Representatives because of the large number of objections and criticisms on some of its paragraphs highlighted aspects of exchange and the financial allocations for some government institutions and the three presidencies.
The central bank had said earlier that the 2011 budget will raise economic growth to 10 percent than it was, noting it was built according to the country's economic policy.
