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Monday, December 5, 2011

iraqi dinar news today december 6 2011

iraqi dinar news today december 6 2011 : Parliamentary Financial Commission MP disclosed today that the government will present next week the 2012 budget to the Parliament after being reduced. MP Najeeba Najeeb told Aswat al-Iraq that the total budget will reach to 115 trillion Iraqi dinars, with minimal deficit from the previous suggestion.

She pointed out that the World Bank objected on the deficit which reached to 23 trillion Iraqi dinars. Najeeb continued that the World Bank wanted to decrease the operative budget, which led to the delay in sending the budget to the parliament.

Last week, there was an agreement between the Monetary Fund and ministries of finance and planning to reduce the operative budget.

The previous General Budget Law of 2012 has decided to allocate 131 trillion Iraqi dinars (112 billion dollars) as an overall federal budget, with an increase of 36 percent of the last year, in deficit of 20 billion dollars, as she said.

* The growth of Iraq’s oil exports in November to 2.135 million b/d
Falah Al-Amri, President of Iraqi Oil Marketing Company (SOMO) on Thursday that the average Iraqi oil exports amounted to 2.135 million barrels per day in November, compared with 2.088 million barrels per day in October. He said that Iraq exported 1.712 million barrels per day of oil hub of Basra in the south of the country and 423 thousand barrels per day from the northern oil fields around Kirkuk, including ten thousand barrels per day were transported by truck to Jordan. For the latest updates PRESS CTR + D or visit Stock Market news Today

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