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Member of the Finance Committee excludes increase the size of the general budget for more than (300) billion dollars over the next five years
29-03-2013 11:05 AM
Baghdad (news) .. Ruled out by the Finance Committee MP / National Alliance / Amin Hadi Abbas, the expectation that the increased revenues of the federal budget for more than (300) billion dollars over the next five years. Abbas said (of the Agency news): The Ministry of Finance, in cooperation with international financial institutions working workshop at the beginning of each year to study how to formulate the state budget, in terms of knowing the size of the GDP of the country, taking into consideration the oil prices and quantities in the global markets. added: Although the country is on the verge quantum leaps in the development of its oil sector by increasing production and export to large amounts in the coming years, but if it happened there was an increase in the surplus revenues of the state financial returns to the state treasury has not been disbursed and allocated in the general budget. pointed to: that the money surplus revenue could be used in projects payment on credit, which intends to House legislation its law, which will be able to country to repay its debts to companies in the coming years through the surplus of GDP. has indicated expectations international that reach the general budget to more than (300) billion dollars over the next five years as a result of increases confirmed in the production and export of oil. / Finished / 8.. /
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29-03-2013 11:05 AM
Baghdad (news) .. Ruled out by the Finance Committee MP / National Alliance / Amin Hadi Abbas, the expectation that the increased revenues of the federal budget for more than (300) billion dollars over the next five years. Abbas said (of the Agency news): The Ministry of Finance, in cooperation with international financial institutions working workshop at the beginning of each year to study how to formulate the state budget, in terms of knowing the size of the GDP of the country, taking into consideration the oil prices and quantities in the global markets. added: Although the country is on the verge quantum leaps in the development of its oil sector by increasing production and export to large amounts in the coming years, but if it happened there was an increase in the surplus revenues of the state financial returns to the state treasury has not been disbursed and allocated in the general budget. pointed to: that the money surplus revenue could be used in projects payment on credit, which intends to House legislation its law, which will be able to country to repay its debts to companies in the coming years through the surplus of GDP. has indicated expectations international that reach the general budget to more than (300) billion dollars over the next five years as a result of increases confirmed in the production and export of oil. / Finished / 8.. /
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