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Political first: Finance Committee: vote on the 2010 budget next week

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Political first: Finance Committee: vote on the 2010 budget next week


Increased allocations of ministries and security services and salaries of employees of insurance companies, public sector

BAGHDAD - morning


Announced the Finance Committee in the House of Representatives next week will vote on the 2010 budget, after making several amendments to the bill. Alaa revealed Chairperson of the Committee on Saadoun discuss a number of proposals for the amendment of the ration card system


Coverage to low-income and exclusive transfer of the differences in the amounts allocated to improve the living standards for this category.


Saadoun said in a statement to the "morning": that the Committee discussed with the Finance Minister Baqir Jabr Al-Zubaidi recent amendments to the budget as approved in the parliament and examine a number of proposals in this regard.


And confirmed the intention of parliament to vote on the state budget for the year 2010 at a meeting on Saturday, 26 this month, the presence of the Minister of Finance and officials in the ministry, after the completion of amendments relating to side service and seek to transfer the investment budget to the provincial councils, which include the implementation of several projects in the areas of education and health , housing, employment and social affairs, indicating that this measure will encourage the governorates to move the economy and provide jobs for the unemployed and the establishment of provincial oversight functions and accountability.


Referred to the House of Representatives recently completed, read the draft general budget for the year 2010 amounting to more than 83 trillion dinars, of which 23 trillion dinars allocated for the expenses of the investment projects, and 60 trillion dinars for operating expenses, by a financial deficit of more than 21 trillion dinars.


According Chairperson, Finance Committee representative "that received assurances from the Minister of Finance requiring the Bank of Iraq to provide the salaries of employees public sector companies without any delay guaranteed by the Ministry in accordance with the paragraphs of the budget, which indicates that public sector companies borrow from banks to pay salaries.


She said the allocations of ministries and the security services in the next year budget amounted to 13 trillion dinars, of which more than six trillion to the Ministry of Interior and five trillion to the Ministry of Defense and about two trillion to the National Security Council and the General Intelligence trillion, up from last year.


As a member of the Finance Committee called on the House of Representatives Atrushi Sami parliament to speed up processing, the controversial paragraphs in the law of 2010 budget and approved by the end of the month to serve public interests, called on the bloc the United Iraqi Alliance Sheikh Humaid Molh support development projects within budget next year.

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Hassani: current oil prices are able to cover the expenses of 2010 budget

A member of the Commission on oil and gas in the House of Representatives, Monday, the imports of Iraqi oil are able to meet the financial budget for 2010, noting that "the price of 62,5 per barrel, which the Council of Ministers in accordance with appropriate international oil prices."


The Deputy Chairman of the Commission on oil and gas in the Lower House Speaker Abdul Hadi al-Hassani told (Voices of Iraq) that "imports of Iraqi oil resources are able to meet exchange financial budget for 2010", adding that he does not expect "significant shortfalls in the financial budget for 2010."


The Hassani, "the price approved by the government, estimated at U.S. $ 62,5 per barrel appropriate to cover exchange balance of financial resources", pointing out that Iraq is exporting two million barrels a day, "and the current price of oil is $ 70 per barrel, it is expected that the deficit in the fiscal budget of the 2010 limited. "


Hassani was likely to be "vote on the financial budget for 2010 this week."


The House of Representatives ended two weeks before the second reading of the draft federal budget for the public in 2010, amounting to more than 83 trillion dinars, about $ 75 billion.

Tuesday, December 22, 2009

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