* Budget 2012: the issues of financial / economic and institutional in Iraq
Budget 2012: the issues of financial / economic and institutional in Iraq Received in the media and in official statements draft budget figures for 2012. He stated that the Council of Ministers approved the project and sent to the House floor in preparation “for approval. In fact, the details of the draft budget is published official documents are available. It is not available on the website of the Ministry of Finance and the bills presented for discussion at the site of the House of Representatives. Accreditation will be for that, in this article, on any available figures and tables contained in the media. First “: The budget figures This project comes to a larger size to balance the Iraqi public. It said the figure of the spending allocations of 117 trillion dinars, equivalent to $ 100 billion. At this juncture of the oil price level there is a sense of financial abundance with an average price of Iraqi oil in the first weeks of 2012 about 105 dollars a barrel. As oil exports will surpass the 2012 level in 2011. In any case, the sense of abundance or the fiscal deficit will depend on what happens in the international oil market and the ability of the oil sector in the export quantities planned. The table shows (1) allocations of income and expenditure budgets of 2011 and 2012, budget deficits and guestimate the actual figures for 2011. Table (1) federal budget, trillion dinars 2012 2012 2011 2011
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