Iraq: 7 Trillion Dinar Budget Increase
|February 3, 2014||Filled under All Dinar Trade Articles|
After you add the Cabinet decision (albetrokhmsh dollars) to the budget law, the parliamentary Finance Committee revealed increased budget 7 trillion. This comes at a time when the State of law coalition has proposed creating a fund albetrodinar to disadvantaged provinces, with parliamentary votes mounted to end the boycott of some blocks of Parliament sessions.
Member, Finance Committee member Magda Abdel Latif Al-Timimi confirmed that the budget for the year 2014 at 170 trillion and 411 billion dinars from 163 trillion and 416 billion dinars, said in a statement that the size of the budget followed the decision of the Council of Ministers at its fourth ordinary meeting held last week, with an adjustment to the amount allocated to the oil-producing provinces projects by conducting transfers required in coordination with ministries of financeAnd Federal Planning, equivalent to $5 per barrel crude oil producer in the province and $5 per barrel crude oil in refinery maintenance and $5 for every 150 cubic meters of natural gas in the province.
Al-Tamimi said, adding” the total planned budget deficit reached 30 trillion (771) billion dinars, the total revenue is estimated at 139 trillion and 640 billion dinars in the budget this year. “as aI “total other income will be 9 trillion and 416 billion dinars, with total revenue of 139 trillion and 640 billion dinars.”
Tamimi said that current expenditure reached 61.5 percent, while investment spending accounted for 38.5 percent, noting that reliance on oil resource would be 93, 30 percent, while the proportion will be relying on other income 6.7 percent. Committee member stated that he was calculated The price of a barrel of oil $ 90 per barrel, the rate of export will be three million and 400,000 barrels per day, noting that the share of Kurdistan will be 19 trillion, 760 and 797 million dinars, as war reparations Kuwait would be 6 trillion and 511 billion and 527 million dinars, while the ration allocations will be 5 trillion and 416 billion 750 million. scheduled to begin in Parliament on first reading of the general budget law for the year 2014.
In the meantime, the State of law Coalition block a proposal to create a Fund for disadvantaged provinces of albetrodinar., head of the Coalition MP Khalid Al-Attiyah, block said at a press conference attended by deputies of the mass: “the State of law Coalition supports customizing the 5 dollars of imports of oil and gas, but at the same time. We are all effective means lift other similar provinces. We have extensive contacts with advisors to the Council of Ministers and the formation of a Committee headed by the Chief advisers to draft a project to determine the share of non-oil-producing provinces to achieve the equitable distribution of wealth.
Said Chairman of the Finance Committee MP Haider Al-Abadi, during the Conference” there is a proposal to establish a fund called petroleum, and this Fund is distributed among provinces based on almharomet and need as stated in the Constitution. “he noted that” the budget Distributed among provinces based on population ratios, this is also unconstitutional, the Fund balance will albetrodinar again.
Invitations to Attend
The National Alliance MP Mohammed Iraq’s political blocs have demanded to attend House session Monday to pass a federal budget bill, said authorities in a statement: “the Presidency of the House of representatives has developed a draft law on the federal budget for the current year on the agenda of the session Monday for a first reading in preparation for approval, adding that political blocs are invited to come to the meeting to prepare them for their oath betrayed people who aksmoh that they would be in the service of the Iraqi people.”
The budget Not Bill without other hand counts, but balancing the entire country, and all blocks must be present to read in preparation for the approval of the people, “adding that” the budget is for all the people and delayed approval will make people angry at the political blocs and prepared by the traitor to the aksmoh service when you entrust to Parliament.
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