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BAGHDAD: 2009 budget focuses on investment and services

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stockings3333   Thursday, 07/10/08 11:53:08 AM
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BAGHDAD: 2009 budget focuses on investment and services
Having focused over the last four years on security



She said the Iraqi government that the state public budget in 2009 to focus on the economy, investment and services after that focused during the last four years on security confirming that it took into account the reasonable expectations of the price of crude oil and petroleum products exporter, taxes and fees also included proposals on financial resources and government spending, both operational and investment.

He said government spokesman Ali Al-Iraqi Skinner in a press statement to "Ilaf" The cabinet today discussed the strategy for the general budget in 2009 and prepared by the Finance Ministry in coordination with other concerned ministries in order to start preparing next year's budget in its final on time. He explained that the Commission has prepared the budget includes representatives of the Ministries of Planning and Development Cooperation, oil, trade, agriculture, water resources, industry and minerals, and Construction and Housing, Education, in addition to the Central Bank of Iraq in order to develop a strategy for preparing the federal budget, according to a scientific concept of modern, reflecting the content Financial policies adopted in Iraq, where the strategy took into account the reasonable expectations of the price of crude oil and petroleum products exporter, taxes and fees, also included proposals on financial resources and government spending sense (operational and investment).

. He pointed out that the proposed strategy relies on multiple factors including the economic challenges facing Iraq and the international obligations which it must meet the new principles of economic policy of decentralization and granting a greater role for local officials and the gradual withdrawal of government from direct management of economic institutions and focus instead on providing infrastructure to The growth of the economy and provide conditions for the advancement of the private sector and the rationalization of government support and policy support conversion to support totalitarian wave in addition to building the operational capacities of ministries and government institutions.
Skinner said that next year's budget aims to focus on the economy, investment and services that focus was in previous phases focused on security suggests the strategic interest in the oil sector, human development and rebuilding of basic infrastructure (transport, health, water, electricity, education and housing) and the shortest period of time, where would invest in These sectors to create jobs and events in the evolution of human development and enhance the investment environment for the private sector.

. He added that the strategy focused on the development factor, linking growth rates, where the state is aware that any process of economic growth will not be credible unless the human factor of human development present at all joints where economic development is to achieve high rates of economic growth necessary condition for lifting the rate of income Individual but did not indicate the value of the proposed budget next year.

At the same Skinner announced that the cabinet had ratified the supplementary budget in 2008 and the total amount of 21 billion dollars. He explained that the budget was ratified after the transfers and adjustments between the ministries and Iraqi institutions where the total amount of the budget in 2008 to nearly 70 billion dollars, the highest budget in the history of Iraq.

Skinner was announced last Wednesday that the Ministry of Finance submitted to the Cabinet to draft a supplementary budget in 2008 amount to 21 billion dollars.

Skinner explained that the budget for Iraq in 2008 and approved by the House reached over 48 billion dollars, an increase of 18% over the 2007 budget and with the addition of this supplementary budget, the total budget for the current year had reached about 70 billion dollars. ووصف . He described the increase as an important breakthrough in the history of the budgets of the Iraqi state and was the result of the rise of Iraq's resources from oil exports and that will effect positive changes in concrete economic movement and services in the country.




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