Denies the parliamentary Finance Committee approved a supplemental ...

Denies the parliamentary Finance Committee approved a supplemental budget for this year
Saturday, 06 August / August 2011 12:40 |

Immortality and with each structure: denied a member of the parliamentary Finance Committee Abdul Hussein al-Yasiri a supplemental budget for this year, noting that Iraq does not need a supplemental budget under the current circumstances.
Yasiri said to the correspondent of news agency the future, "However," there will be a supplemental budget in the country under the current circumstances through which Iraq's economy in terms of price stability, "noting that" the supplementary budget the country needs in the event of exceptional circumstances, as in 2009, which took refuge in Iraq to the supplementary budget as a result of the financial crisis and the dramatic decline that occurred for the prices of oil, which accounts for more than 90% of Iraq's imports. "
He said a member of the Finance Committee that "the Finance Committee made in the budget and in Article (26) the need to distribute the surplus of funds on sectors that require amounts of material help in the development work of the surplus funds that come through the export of oil, and is distributed to the sectors that need it more than others. "
On the final accounts Yasiri said "for the final accounts or the budget for 2010 which will be submitted at the end of this year, was sent to the Office of Financial Supervision of the Ministry of Finance and has now gotten to the opinion of Supreme Audit about them to be sent to Parliament and the Finance Committee in it."
Noting that "the Committee received a report on the expenses of the previous year and is now working on his study," noting it is awaiting the report of the Audit Court on the surplus of funds.
The House voted on the twentieth of February, the draft general budget for 2011 after more than two months of debate, Parliament passed the most votes of the attendees (240 deputies) At the thirty-sixth legislative term the first of its current session at seven and a half of the name on Sunday, February 20 , the general federal budget for 2011 of $ 82.6 billion dollars. "
For his part, said a member of the Finance Committee from the list, Jawad al-Iraqi, "The committee is waiting for the arrival of the government report and the Financial Inspection Office and the Ministry of Finance regarding the financial savings that will be realized due to increased selling prices of oil."
And Bolani "The report, which will represent the Iraqi Finance Ministry that will determine how to spend surplus funds after the Financial Committee shall submit its report in the House in this regard."
Noting that his committee will report what you need in the sectors that made him have a few budgets to be distributed such funds to those sectors, including help in bridging the lack of need. "
The estimated revenue budget for the year 2011 in the amount of (80,934,790,500) one thousand dinars (namely eighty thousand, nine hundred and thirty-four billion, seven hundred and ninety million five hundred thousand dinars), while expenditures are estimated amount of $ (96,662,766,700) one thousand dinars (Ninety-six thousand, six hundred and sixty-two billion, seven hundred and sixty-six million seven hundred thousand dinars), has been allocated for operating expenses the amount of $ (66596473827) thousand dinars (sixty-six thousand five hundred and Ninety-six billion four hundred and seventy-three million eight hundred and twenty-seven thousand dinars) included (14,072,645,224) one thousand dinars (fourteen thousand and seventy-two billion, six hundred and forty-five million two hundred and twenty-four thousand dinars), and total planned deficit for the federal public budget for fiscal year 2011 (15727976200) thousand dinars (fifteen thousand seven hundred and twenty-seven billion, nine hundred and seventy-six million two hundred thousand dinars) and cover the shortfall of cash retained from the Federal budget for the year 2010 and internal and external borrowing and the rate of savings is expected to increase selling prices or increase oil production. Has finished

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