Iraqi Parliament Approves $72.4 Bln 2010 Budget
Page 1 of 1
Iraqi Parliament Approves $72.4 Bln 2010 Budget
Iraqi Parliament Approves $72.4 Bln 2010 Budget
PUKmedia 26-01-2010 17:46:49
The Iraqi parliament on Tuesday passed a 2010 budget that sets federal spending at 84.7 trillion Iraqi dinars (around $72.4 billion) and a deficit for this year of 22.9 trillion dinars ($19.6 billion), a lawmaker said.
The deficit amounted to 27 percent of total spending and was to be financed with surpluses from previous years and also through domestic and external borrowing, the budget law said.
"The parliament has approved today the budget of 2010," said Kurdish member of parliament, Sami al-Atrushi, a member of the chamber's finance committee.
The budget law includes authorization for Iraq to seek a $4.5 billion financing arrangement with the International Monetary Fund and contemplates $2 billion in financing by the World Bank.
The total income of the Iraqi government was estimated to reach 61.7 trillion dinars ($52.8 billion). The oil producing country relies on crude exports for more than 95 percent of government revenue.
Passage of the budget was held up for weeks by negotiations over additional spending.
-Reuters-
http://pukmedia.com/english/index.ph...raq&Itemid=386
PUKmedia 26-01-2010 17:46:49
The Iraqi parliament on Tuesday passed a 2010 budget that sets federal spending at 84.7 trillion Iraqi dinars (around $72.4 billion) and a deficit for this year of 22.9 trillion dinars ($19.6 billion), a lawmaker said.
The deficit amounted to 27 percent of total spending and was to be financed with surpluses from previous years and also through domestic and external borrowing, the budget law said.
"The parliament has approved today the budget of 2010," said Kurdish member of parliament, Sami al-Atrushi, a member of the chamber's finance committee.
The budget law includes authorization for Iraq to seek a $4.5 billion financing arrangement with the International Monetary Fund and contemplates $2 billion in financing by the World Bank.
The total income of the Iraqi government was estimated to reach 61.7 trillion dinars ($52.8 billion). The oil producing country relies on crude exports for more than 95 percent of government revenue.
Passage of the budget was held up for weeks by negotiations over additional spending.
-Reuters-
http://pukmedia.com/english/index.ph...raq&Itemid=386
another article in same thread (Nenos)
* Contemplates IMF and World Bank financing (Adds details)
BAGHDAD, Jan 26 (Reuters) - The Iraqi parliament on Tuesday passed a 2010 budget that sets federal spending at 84.7 trillion Iraqi dinars (around $72.4 billion) and a deficit for this year of 22.9 trillion dinars ($19.6 billion), a lawmaker said.
The deficit amounted to 27 percent of total spending and was to be financed with surpluses from previous years and also through domestic and external borrowing, the budget law said.
"The parliament has approved today the budget of 2010," said Kurdish member of parliament, Sami al-Atrushi, a member of the chamber's finance committee.
The budget law includes authorization for Iraq to seek a $4.5 billion financing arrangement with the International Monetary Fund and contemplates $2 billion in financing by the World Bank.
The total income of the Iraqi government was estimated to reach 61.7 trillion dinars ($52.8 billion). The oil producing country relies on crude exports for more than 95 percent of government revenue.
Passage of the budget was held up for weeks by negotiations over additional spending.
Lawmakers said political dealmaking also played a role.
They said rivals of Prime Minister Nuri al-Maliki tried to demand that in return for passing the budget the government had to agree to a law that would prevent Maliki from using any state resources in the campaign for a March 7 election. (Reporting by Waleed Ibrahim; Editing by Michael Christie)
http://www.reuters.com/article/idUSLDE60P1T120100126
BAGHDAD, Jan 26 (Reuters) - The Iraqi parliament on Tuesday passed a 2010 budget that sets federal spending at 84.7 trillion Iraqi dinars (around $72.4 billion) and a deficit for this year of 22.9 trillion dinars ($19.6 billion), a lawmaker said.
The deficit amounted to 27 percent of total spending and was to be financed with surpluses from previous years and also through domestic and external borrowing, the budget law said.
"The parliament has approved today the budget of 2010," said Kurdish member of parliament, Sami al-Atrushi, a member of the chamber's finance committee.
The budget law includes authorization for Iraq to seek a $4.5 billion financing arrangement with the International Monetary Fund and contemplates $2 billion in financing by the World Bank.
The total income of the Iraqi government was estimated to reach 61.7 trillion dinars ($52.8 billion). The oil producing country relies on crude exports for more than 95 percent of government revenue.
Passage of the budget was held up for weeks by negotiations over additional spending.
Lawmakers said political dealmaking also played a role.
They said rivals of Prime Minister Nuri al-Maliki tried to demand that in return for passing the budget the government had to agree to a law that would prevent Maliki from using any state resources in the campaign for a March 7 election. (Reporting by Waleed Ibrahim; Editing by Michael Christie)
http://www.reuters.com/article/idUSLDE60P1T120100126
Similar topics
» IRAQI PARLIAMENT BEGINS TO VOTE ON THE 2010 BUDGET DESPITE OBJECTIONS FROM THE KURDISTAN ALLIANCE
» Parliament approves two articles of the draft budget law
» Baghdad approves Babel 2010 budget
» Parliament proposes amendments to the 2010 budget
» Iraq's 2010 Federal budget of 18 trillion (t) Iraqi Dinars to be endorsed this week, MP says
» Parliament approves two articles of the draft budget law
» Baghdad approves Babel 2010 budget
» Parliament proposes amendments to the 2010 budget
» Iraq's 2010 Federal budget of 18 trillion (t) Iraqi Dinars to be endorsed this week, MP says
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum