Member of the parliamentary Finance: Exchange public budget allocations beginning next April

24-03-2013

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, for date exchange public budget allocations to the provinces and provincial ministries in the beginning of April next, likely that this year will be the year of economic growth of some sectors.

Abbas said (of the Agency news): The date of exchange of financial allocations of the general budget will be at the beginning of next month after ratification by the Presidency of the Republic and published in the Official Gazette.

He added: launch date budget allocations for this year will not be much different from last year, so the delay in disbursement does not affect the investment projects submitted by the Ministry of Planning.

He pointed out: that some non-oil economic sectors will grow this year and a large proportion, if what has been achieved political stability and security in the country.

It is noted that the Iraqi parliament approved the budget for 2013 during the month of March the current amount (138) trillion dinars and the rate oil (90) dollars per barrel, and the quantity of oil source (2.9) million barrels per day. / End / 8. N. P /

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Suhail looking with a delegation from the World Bank restructuring of the Iraqi banks and the Central Bank

 24-03-2013

Baghdad (news) .. Search first deputy head of the Iraqi Council of Representatives Qusay al-Suhail with a delegation from the World Bank, the restructuring of the Iraqi banks and the Central Bank of Iraq.

A statement by the Office of Suhail said in a statement received Agency (news) copy of it: that the delegation, which was headed by Sahar Nasr, chief economics finance in the Middle East and North Africa and the Special Representative of the World Bank mission in Iraq as well as a number of experts at the World Bank gave a presentation on work done with respect to the restructuring of the Iraqi banks and the Central Bank of Iraq in addition to projects carried out by the World Bank during the past period.

And between Suhail: The development of the private sector and private banks can him that contributes significantly to the development process and the development of economic reality because we must establish rules work properly and repair the banking sector, while stressing the importance of restructuring these banks and put sophisticated systems fit with the size of the development which reached him the world's advanced countries in this field.

For his part, the delegation expressed his keenness to give advice to the Iraqi banks and the Central Bank in order to improve performance and to have their work professionally, especially in the regulatory field. / End / b. PVC /

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The Presidency of the Republic to ratify the current year budget

Sunday, 24 March

Twilight News / A source in the Presidency of the Republic of Iraq, Sunday, that the recent approved the state budget for 2013.

The source, who asked not to be named said in an interview for "Twilight News", "The Presidency of the Republic approved the state budget for the current year."

The Minister of Finance Agency Ali Shukri had announced Sunday of last week, about the arrival of the Federal Budget Law for the year 2013 to the Presidency of the Republic for the purpose of endorsing it.

The House voted on the seventh of this month on the federal budget without a political consensus with the Kurdistan Alliance bloc that threatened to resort to the Federal Court to challenge the original budget.

The total federal budget 138 trillion dinars which is the largest in the history of the Iraqi state, which included $ 55 billion in the venture, and $ 83 billion operational part.

And the Iraqi government budget was built in 2013 on the basis of (90) dollars a barrel at a rate of 2.9 million barrels of oil a day.

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