17/10/2011CBI calls to review the file operational budget of 2012
Baghdad, The Central Bank of Iraq on Monday and the Ministry of Finance to review the operational part of the budget in 2012.
The Iraqi government announced that Iraq's budget for 2012 will be $ 112 billion, up 36% from the current year budget, but a deficit of $ 20 billion.
Were allocated 45% of the electricity and oil, which amount to almost $ 50 billion and 15% of the Userati defense and interior, which amount to $ 17 billion.
Deputy Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the central bank supports the creation of the Ministry of Finance review the file, the operational budget of 2012 and the observations the International Monetary Fund, which focused on raising the level of the part of investment, which amounted to 20% of the value of the budget."
He added that the "Review of the financial budget for 2012 should not affect the coverage of the financial expenses of the social and poverty alleviation projects in Iraq adopted by the Iraqi government."
The Ministry of Planning and Development Cooperation plan to run three million citizens, stressing that the number of poor in Iraq will reach 5 million people in 2014, instead of the projected estimates by reaching 7 million.
Saleh said that "the International Monetary Fund loans and grants Iraq and agree with the Iraqi government on the need to raise the proportion of part investment and reduce the operational part of the financial budgets."
Economists and experts predict that delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with a discussion of financial budgets annually.
Iraq relies is a member of OPEC on oil revenues to finance about 95% of the annual budget.
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