* Deputy for the law is likely to approve the financial budget for 2012, the end of next February

January 28th, 2012 07:18 am · Posted in NEWS: Dinar Currency & World Currency News 

28.01.2012 | (Voice of Iraq) – Add comments – Baghdad – where the most likely representative for a coalition of state law in approving the budget of public finances of the state in 2012 the end of next February. The MP said Ihsan al-Awadi told all of Iraq [where] “It is estimated by the Commission financial representative will be approving the budget for fiscal 2012 after about a month from now, any almost at the end of February next. “

He added that “the Commission and the best of our knowledge on the views of its members have indicated they need after the completion of the second reading of the budget law in Parliament to three or four weeks ago and in my opinion Personally, I think that the budget will adopt in the House over this period, estimated by the Commission just because of the boycott continued by the Congress of the Iraqi List in addition to the length of time the natural need the budget to be discussed in parliament and give the House of Representatives their views, which will take some time. ” He said Al-Awadi, “but If disrupted the process of approving the budget over this time period it is certain that it will affect the work of state institutions and the failure of many projects. ” The political differences between the blocks and the government led to the failure to continue to discuss the financial budget for the current year in the House and particularly the province of Congress the Iraqi List of meetings Council since the middle of last month. The House of Representatives had already begun to consider the budget and he finished reading the first and second waiting approval at future meetings. The Iraqi government has approved in early December last budget in 2012 a total value of $ 100 billion, the largest budget in history Iraq. The percentage of funds allocated for investment projects in the budget, 35%, while other sectors accounted for the operating budget, particularly on the remaining ones.

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