Finance parliamentary: No supplementary budget this year
07/21/2013 12:00 AM
Positive indications of recovery in the value of the dinar
BAGHDAD - Alaa al-Tai denied the Finance Committee in the House of Representatives and a supplemental budget this year because of a financial deficit true in the budget because of the lack of imports sale of crude oil for the first six months of this year. As suggested postponing Multi deletion of zeros from the currency to parliamentary session the next, revealed signs of recovery value of the dinar larger than the current. and House of Representatives passed last March balancing the country's financial for the current year of $ 118 billion, the largest in the history of Iraq. was the Finance Committee had predicted last June that the government provides supplementary budget for the current year $ 14 billion. known as the supplementary budget as a supplementary budget that is prepared after six months of the year to adjust the additional expenses and additional revenue as well.fiscal deficit Chairman of the Finance Committee parliamentary Haider al-Abadi said in a statement the "Center Brief for the Iraqi Media Network," that " supplementary budget will never reach the House of Representatives this year due to a shortfall real budget. " said Abadi said, according to the government's expectations, there will be a supplementary budget will be canceled this year due to lack of imports sale of crude oil for the first six months of the year, contrary to expectations and estimates reflected on supplementary budget which is known to be based on the budget surplus for the first half of the year.noted that the supplementary budget submitted by the government last year, amounting to $ 10 billion, but the parliament rejected been recycling amounts to the current year budget. denied the Chairman of the Committee of Finance and there is no sign of the collapse of prices Iraqi dinar exchange, believing that the Iraqi dinar remains strong for price inflation. Ebadi said: It is, according to market data, it does not exist any indicators for the collapse of the price of the Iraqi dinar exchange, noting that the Iraqi dinar remains strong for price inflation, pointing out that there is inflation تناقصيا not incremental for some goods, excluding Speaking a slight increase of the prices of some goods in September for a short period as a result monopoly merchants. saw Abadi, the price of the Iraqi dinar exchange today reasonable, according to economists with the exception days alone is increasing the demand for the dollar leads to the low exchange rate of the dinar. The exchange rate of the Iraqi dinar has seen since the great fluctuation in prices, as it arrived in the exchange rate of the Iraqi dinar against the U.S. dollar around 1,300 dinars per dollar, but the withdrawal of Iraq from Chapter VII and take quick measures the exchange rate cuts quite a bit. |
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