July 6, 2010 – 09:44:29
BAGHDAD / Aswat al-Iraq: The deficit in Iraq’s 2010 budget has not yet become real six months after implementing the budget, the Iraqi prime minister’s economic advisor said on Tuesday.
“Spending in the budget is higher than the revenues, but delays in executing many projects have kept the budget’s deficit unreal,” Abdilhussein al-Anbaki told Aswat al-Iraq news agency.
He noted that Iraq’s oil exports will be increased by big margins over the coming three years, a matter that will cover deficits in budgets.
“Spending should be handled in the right way which return revenues, and represents a real addition to economy,” al-Anbaki explained.
MH (P)/SR
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