Shafaq News/ The parliamentary finance committee revealed on Monday, the International Monetary Fund demanded in its recent visit to Iraq, the House of Representatives not to enact laws that contribute to impeding the growth of the Iraqi economy, indicating that the legislation of laws increases the operational budget at the expense of investment budget and this would irritate the International Monetary Fund."Representatives of the International Monetary Fund in their recent visit to Iraq, met with the Chairman of the House of Representatives and members of the Finance Committee and asked the Council not to enact laws that hinder the growth of Iraqi economy." The member of the parliamentary Finance Committee Najiba Najib said to "Shafaq News"

"The IMF said that the increase in the investment budget will lead to many job opportunities, leading to reduction of unemployment in Iraq." She explained.

"What irritated the International Monetary Fund is the continuation of operating budget increase at the expense of investment and this is what was noted also in the budget in 2012." She added .

The Iraqi government has approved the Federal Budget for the year 2012, last week, which amounted to $ 100 billion, with an increase of 22 percent from the previous year.

The government has allocated the largest proportion of its budget for the energy sector, accounting 17.48 percent of the total of the budget, followed by security and defense by 14.6 percent, and social services 13.28 percent.