Parliament to read next year federal budget Tuesday

BAGHDAD / IraqiNews.com:  Next Tuesday’s parliamentary session will see the first and second readings of 21 draft laws, including the second reading of the federal budget of 2012, which has been postponed on multiple occasions due to al-Iraqiya Bloc‘s boycott of parliament sessions, a parliamentary media source reported today. The sources told IraqiNews.com that the government submitted the budget after decreasing it to 115 trillion Iraqi dinars, with reasonable deficit. The previous draft law of the budget of 2012 allocated 131 trillion Iraqi dinars (112 billion dollars) as a federal budget, with an increase of 36 percent from the previous year, with a deficit of 20 billion dollars.1052