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01 AUG 12 FinanceCommittee reveals a proposal to reset the budget deficit in 2012  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

01 AUG 12 FinanceCommittee reveals a proposal to reset the budget deficit in 2012

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01 AUG 12 FinanceCommittee reveals a proposal to reset the budget deficit in 2012  Empty 01 AUG 12 FinanceCommittee reveals a proposal to reset the budget deficit in 2012

Post by IQD4US on Wed Aug 01, 2012 3:17 am

http://www.imn.iq/news/view.14202/

BAGHDAD / Center Brief for the Iraqi Media Network - revealed the parliamentary finance committee that it will submit a proposal to reset the fiscal deficit in the budget of 2012 through deducting the amount of the supplementary budget.

A member of the Committee's Secretary Hadi (Center Brief for the Iraqi Media Network) that "the supplementary budget was built on the abundance and financial requirements necessary Kmvrdat ration card and a strategy to end poverty and to support projects implemented by more than 70% until last July."

Hadi said that "the House of Representatives put a paragraph in the budget that will support the government institutions that carried out the proportion of projects up to 70% last July by launching the 30% of those customizations is to support those institutions."

Hadi and that "the Commission will present a proposal to finance the fiscal deficit Ptsfir remaining in the current year budget and $ 300 million

The Cabinet had approved last month a draft law on the supplementary budget $ 10.7 trillion dinars.

Article 23 First of the Law on the federal budget to that "of the Council of Ministers to submit a supplemental budget to the House of Representatives, and if you can not bit the House bill during a period of thirty days from the receipt of the draft law Vlcil Minister added allocations to the federal budget in accordance with paragraph II of this article." .

The second from the Article 23 of the budget law to that, "the Federal Council of Ministers added allocations to the federal budget for the year / 2012 when you achieve an increase in revenues from exports of crude oil exported during the first six months of this year, taking into account the calculated share of the Kurdistan region (17% ) after covering the deficit and the exclusion of the sovereign and the royal expenditure, if any. "

The second set of Article 23 of Budget Law 31 by Pope priority to spend the amounts derived from the abundance of Finance under the heading "supplementary budget".
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