Adoption of the Largest Budget in the History of Iraq
|February 26, 2012||Filled under Featured Article|
Development of 98 A degree of functional and installation contractors
distribute 25 percent of financial savings among the people
Baghdad – morning
Passed the House of Representatives, the Federal budget for the year 2012, which is the largest in the history of Iraq, reaching more than 117 trillion dinars (100 billion dollars). At a meeting marathon that lasted until late yesterday evening and after extensive discussions.
According to the budget law, obtained by Sabah a copy of it, he been monitored more than 37 trillion dinars for investment expenditures and more than 79 trillion dinars for operating expenses by a deficit of more than 14 trillion dinars.
And support this year’s budget 14 sectors and activities, in addition to included large sums of money to support the development of the provinces.
Was also identified 17 percent of the total operating expenses and expenses of the investment projects of the general budget of the Kurdistan region after excluding expenses sovereign. introduced the budget 98 000 degrees functional for the appointment of graduates and operation of the unemployed, in addition to the installation of the contracts exception to the age requirement for contractors in the past years, with the calculation of the contract period the previous service for the purposes of retirement for all all confirmed on the permanent staffing after 9/4/2003.
Were allocated 25 percent of the increase in revenues for oil exports after the payment of disability and shall be deposited in the fund be distributed in cash for the benefit of the Iraqi people, as well as the allocation amounts of the expected increase in the pensions of civil and military, and support allocations strategy of poverty alleviation in Iraq with the increase in salaries and the preparation of citizens covered by a network of social protection and welfare service of women in line with inflation made in commodity prices, and the allocation of $100 billion dinars for the advance of university students.
Monitored the budget 2012 the amount of 95 billion dinars to support the Housing Fund of Iraq, and allocations for cancer patients and thalassemia. and relieved the budget law for all citizens of the amount of interest on loans granted to them by both the Land Bank and the Bank Agriculture and Housing Fund, as has canceled all allocations to social benefits to the three presidencies, ministries and departments not related to the Ministry except for a few paragraphs.
Also included the budget grant of retirees who receive a pension 400,000 Danarhehria or less is receiving a pension under the laws of a private grant of $ 600 thousand dinars This year’s pay them in installments in six batches, while the monitoring of $60 billion dinars for the construction of housing and building the House of Representatives, and the $28 billion dinars for the application of the law of literacy. After approving the budget, a majority, the Chairman of the House of Representatives Osama Najafi thanked the Finance Committee and House of Representatives on the their efforts to approving the budget, calling the legislation the budget as a good omen for the Iraqi people.
And felt the Finance Committee in the House of Representatives that the general budget for the year 2012 passed by the House of Representatives on Tuesday evening, close to the level of ambition, even though the notes thereon, with varied views on the budget when A number of economists, at a time described by some as the ideal in terms of distribution but it is not efficient in terms of operating in the investment side, counting other budget incomplete in terms of organization and the adoption of international standards in the preparation.
But the deputies of different masses they described as «the best from its predecessors in terms of drafting, despite her criticism because of its focus in most of the paragraphs on the operational expenses of more investment, but they acknowledged that it focused on the citizen and the provision of services and infrastructure support.
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