Economic Committee Member confirms 2014 budget will be sent to the House of Representatives this Saturday

Posted: January 2, 2014 in Iraqi Dinar/Politics

02/01/2014 13:53
Tomorrow’s Press / Baghdad confirmed the Economic Committee in the House of Representatives, on Thursday, said the government will send a general budget bill to parliament next Saturday, noting that it is estimated at 150 billion dollars, of which 60% of the operating budget and 40% of the investment deficit of between $ 20-25 billion dollars.

A member of the Economic Commission MP Khalil Mahma for “tomorrow’s Press,” “The government has informed the House that it would send the federal budget for the year 2014 on Saturday after the completion of modifications and changes in it,” he underlined that “Parliament will be in front of a national task in order to avoid all problems for the adoption of the budget as soon as possible. ”

And pointed out that “the total budget amounted to 150 billion dollars of which 60% went to the operational and 40% of the investment and the inability of 20 to 25 billion dollars, and the poverty rate of 13% and inflation of 3%,” noting that “this budget not differ from its predecessors in the dependence on oil revenue by 95%. ”

It is noteworthy that the Minister of Planning Ali Shukri announced in October last end the draft budget for Iraq Federal for the current year 2014, which will amount to 174 billion U.S. dollars, noting that the ministry submitted the draft to the cabinet for approval.

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