Budget talks expected for Sunday

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Budget talks expected for Sunday
22/09/2011 16:17
Erbil, Sept. 22 (AKnews) – The Iraqi Council of Ministers is expected to start the discussion over Iraq's 2012 budget this Sunday.

The Iraqi government is trying to pass the budget bill prior to the start of the fiscal. The 2011 budget was not passed until February 2011, due to ongoing political disputes.

“We will try to discuss the 2012 budget bill before the end of this year and pass it,” said Najeeba Najeeb, a Kurdish member of parliament.

The draft law calculates 2012's budget to be 131 trillion IQD ($119 billion USD), the largest budget in the country's history. In 2011, Iraq's budget was only 92 trillion IQD ($79 billion USD).

The budget has been based on the sales of an expected oil export of 2.6 million barrels of oil per day (bopd), including 150,000 bopd from the Kurdistan Region.

http://www.aknews.com/en/aknews/2/263194/