Iraq Is Allocating More Than 2 Trillion Dinars for Development
|April 15, 2010||Filled under All Dinar Trade Articles|
Baghdad- The Ministry of Planning and Development Cooperation two trillion five hundred forty-nine billion dinars (2,549,000,000 dinars) for the projects to be implemented within the program of regional development for the current year 2010.
An official source at the ministry said in a special statement that the amount distributed among the provinces according to population will be 287.5 billion dinars for Nineveh Province, 121 billion dinars for Kirkuk, 122.5 billion dinars for Diyala, 130 billion dinars for Anbar Province, 637.5 billion dinars to Baghdad, and 152.5 billion dinars to Babylon.
The source also indicated that the share to Karbala Province amounted to 96 billion dinars, 102.5 billion dinars to Wasit, and 112.5 billion dinars Salahuddin Province.
He said a share of the program of regional development of 116 billion dinars for Najaf, 131 billion dinars for Diwaniya, and 65 billion dinars for Muthanna. He said the allocations of 165 billion dinars for Qar Province, 90 billion dinars Maysan, and 220 billion dinars Basra province.
Ali Ghalib Baban, Minister of Planning and Development Cooperation, said in an earlier statement that the government will expand the role of local government in accordance with the constitution making powers multiply while becoming the central government supervisory role, noting that the Financial Administration Act, which is still in the discussion phase for each province will make a separate account of oil imports without passing through the Baghdad government, and thus have greater powers to the provinces.
The Iraqi Government is expanding its spending due to recent increases in oil revenues. Although uncertainty continues until recent election results can be determined, the Iraqi economy is improving.