$$$$$$$$ BUDGET APPROVED!!! Dabbagh (News): 96 Trillion Dinars Federal Budget for 2011 $$$$$$$$

Dabbagh (News): 96 Trillion Dinars Federal Budget for 2011

by mano:
Date: Sunday, 06-02-2011 02: 00



Baghdad (News) ...Government spokesman Ali Dabbagh, the Iraqi Council of Ministers decided to approve the draft federal law on the general budget of the Republic of Iraq to FY 2011 $ 96.6 trillion dinars KD 15 trillion deficit.

Dabbagh said (News News Agency): the Council of Ministers approved the federal budget by $ 96.6 trillion dinars will be processed with a deficit of about 15 trillion dinars.

Dabbagh said: "the expenses of the federal budget for FY 2011 in the form of investment costs and operating expenses, which totaled $ 30 trillion dinars budget investment, total operational budget amount 66 trillion dinars, were dispersed expenditure on State institutions and semi-official and independent bodies,"./finished/(4 r. m)

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Dabbagh: House Approves Understand $ 96.6 Trillion Dinars

2011-02-06 14:43:32


Baghdad (IBA) ... Government spokesman Ali Dabbagh, the Secretary of State that the House of the federal public budget at an extraordinary session held on Sunday.

Dabbagh said in a press release from the total budget will be library (96.6) trIillion operational budget is distributed as (66.6) trillion dinars, investment amounts to 30 trillion dinars.

The total revenue (80.9) trillion dinars based export (2.2) million barrels of crude oil, the exchange rate ($ 76.5/threw l) including a (100) a threw for issue of the Kurdistan region, noting that total disability (15.7) trillion dinars.

The deficit will cover Dabbagh from recycled cash budget 2010 and internal and external borrowing and the proportion of the expected savings from increased oil prices, increased production, the Cabinet decided to delegate to the Minister of Finance Authority to borrow (4.5) billion dollars of IMF 104,600 (2) billion dollars of Bank add use special drawing rights, as well as the loan granted by company (BBC) deficit expected.

The 17% of the total operational costs, and expenses of the investment projects of the general budget of the Federal Republic of Iraq validated will be assigned to the Kurdistan region excluding sovereign expenses taking into account any increase or decrease in total expenditures of the equalizer.(Finally)/g/...

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Government Approves 2011 Budget – Spokesman

2/6/2011 4:22 PM



BAGHDAD / Aswat al-Iraq: Spokesman of the Iraqi government said on Sunday that the government approved the 2011 federal budget with 96.6 trillion Iraqi dinars.

“The Council of Ministers approved the federal budget of 2011 during an extraordinary session at 96.6 trillion dinars,” Ali al-Dabbagh said in a statement received by Aswat al-Iraq news agency.

“The operational budget is 66.6 trillion dinars, while the investment budget is 30 trillion dinars,” he added.

“The outcome is 80.9 trillion dinars after exporting 2.2 million barrels at a price of 76.5 dollar per barrel, including 100,000 barrels export from Kurdistan,” he explained, pointing out that the deficit reached 15.7 trillion dinars.

“The finance minister has been authorized to borrow 4.5 billion dollars from, the international Monetary Fund, in addition to 2 billion dollars from the World Bank,” he said.



SH (TP)/SR

http://en.aswataliraq.info/Default1.aspx?page=article_page&id=140862&l=1

WOO HOOO!!!!!!!!!!!!

Still has to be voted on by parliment right????

Government Approves Budget This Year After Increase of 3 Billion Dollars


Editor: HAH
Sun 06 Feb 2011 14: 14 GMT

Sumerian news/Baghdad

The Iraqi Government has passed a budget this year, with average increases of $ 3 billion to $ 81 to $ 9.3 billion, with a deficit of $ 13.3 billion.

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Just a question. 96 Trillion dinars that is a lot of dinars if a RV was to be in the budget, wouldnt that number be much smaller???

This is great news, Kar!! Another piece of the puzzle in place!!

Thank you!!

The Iraqi government recognizes the current year budget after an increase of three billion dollars .2011 14:14 GMT Sunday, 2006 شباط 2011 14:14 GMT .Alsumaria News / Baghdad

.. The Iraqi government on Sunday, the current year budget revised with an increase of three billion dollars to be worth 81.9 billion dollars, with a deficit of 13.3 billion dollars worth, while the government spokesman said the Cabinet grants and Minister of Finance to borrow from the World Bank and the Fund International Monetary.

وقال .". He said Iraqi government spokesman Ali al-Dabbagh said in an interview for "Alsumaria News", "The Council of Ministers approved at an extraordinary session held on Sunday, the current year's budget by 2011, worth 96.6 trillion Iraqi dinars (81.9 billion dollars), after make adjustments and the addition of three billion dollars. " وأضاف .". Dabbagh said that "the budget included operating expenses, ie salaries and wages in particular, by 56.4 billion dollars, while the capital expenditures 25.4 billion dollars," he said, adding that "the estimated total revenue to 68.6 billion dollars based on the exportation of 2 , 2 million barrels of oil per day at 76.5 dollars per barrel, including a hundred thousand barrels of the Kurdistan region. "

.". Dabbagh said that "The budget deficit amounted to 15.7 trillion dinars (13.3 billion dollars) that will be covered from the surplus and the amounts retained in the budget that the year 2010, and internal and external borrowing and savings derived from the increase in oil prices."

.". In another context, Dabbagh said that "the Council of Ministers and Minister of Finance granted Rafie al-Issawi the power to borrow an amount of 4.5 billion dollars from the International Monetary Fund, and the amount of two billion dollars from the World Bank."







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Minister of Finance from Basra: We expect to be approved by the parliament during this week on the budget law for 2011 .06-02-2011 04:26 مساء On: Sunday 06/02/2011 16:26



.There is a proposal submitted to Parliament for the allocation of all revenues to the provinces border crossings where there are
.Basra _ Firas Nasser
.. Said Iraqi Finance Minister Rafie al-Issawi in a joint press conference with the Governor of Basra Cltag Abboud in the local government headquarters, and attended the "Citizen" that his ministry has provided ulcerogenic to the Iraqi parliament aimed at the allocation of revenues to the provinces border ports where the ports. .21 ..” Issawi During the conference, said that "financial also proposed the allocation of additional funds to the provinces-free border outlets within the budget of 2011, noting that" the Iraqi Council of Representatives, he returns the draft budget law 2011 to the Federal Government, to add the percentages of newly introduced recently by high oil prices "and expected Minister of Finance that "ratified by parliament this week on the budget law with varying indications to the approval of the new proposals on the allocation of all revenues border crossing points to the provinces where there are ports, border, due to the fact that the proportion (5%) of the revenues provided for in the budget law in last year are insufficient and do not meet the needs of the provinces, "noting that" this action is natural to inflict injustice and inequity to the provinces that are not possess ports, border, making it necessary to propose the Ministry of Finance proposal for the allocation of additional funds within the budget law of the provinces of non-oil producers, which do not contain Ports border "to be" the budget law as the last gives the provinces large concessions and allows them to exercise full powers, including the province of Basra, which will get urgent funds (petrodollars) which could not be spent during the past year, and will allocate additional funds during the current year, for the purpose of spending on projects within the framework of preparations under way to host the championship GULF CUP 21 edition of this first session in 2013. "he said, adding that this year's budget" allocated 170 000 degrees and careers in public circles of Iraq and will be distributed to the provinces according to need and population of the said Basra's governor, Dr. Cltag Abboud Mayah through Almutmr journalist that "Basra is need to accelerate regardless of the remaining share of the budget of the project (petrodollar) last year, to be able to implement key projects for the rehabilitation of infrastructure," noting that the Ministry of Planning has not yet ratified the proposed projects for the purpose of implementation in Basra with a total cost up to (700 billion dinars), "revealing that" the Ministry of Finance does not delay the disbursement of project funds, but the Ministry of Planning is responsible for the delay in ratification, delaying disbursement of funds by the Ministry of Finance. "
.province of Basra recently suffered a delay disbursement of its share of the budget (petrodollar) for the year 2010, which led to charges of neglect career to the city's governor than, say government figures and the Political Council, which was denied by the conservative explanation of the reasons Altwkr not access the money and the validation of projects by the central government
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Nice find Kar. I was hoping the budget would have been in the billions instead of trillions, but like Kar stated this is a very important step in the direction of the RV.

GREAT news Kar Thank you!!

Great to see proof of it happening... thanks Kar & Deja