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Officer in the Council of Ministers: 2015 budget raised the petrodollars of the oil-producing provinces
12/28/2014
Said Assistant General Secretary of the Council of Minister for Administrative and Financial Affairs Obaid replace the 2015 budget raised the petro-dollar allocations to the provinces to $ 2 instead of $ 1. He replaced that "the law, which included raising the percentage allocations to 5 percent did not apply still faces objections, denying the existence of prejudice in this regard, especially as the economic situation of the country now requires more cooperation to cross the financial crisis. "The current year's budget raised the petro-dollar allocations for producing provinces to $ 2 for every barrel of oil produced, rather than the proportion of US $ 1, which was calculated over the past years and therefore, there is an increase in spite of the current circumstances, and the fluctuation of the sale of oil prices, and expressed surprise at some voices to demand higher percentage to five or ten dollars, while the law passed five dollars was not applied in advance, due to the differences on the objections of law omitted authorities claim to increase those amounts. He replaced the fear of diminishing the sale of oil prices worldwide for the sale of the barrel, which was built by the budget price will increase the country's economic situation critical. The cabinet approved in the budget prepared by the project in 2015, the allocation of $ 2 to the provinces producing oil for every barrel produced in them.
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12/28/2014
Said Assistant General Secretary of the Council of Minister for Administrative and Financial Affairs Obaid replace the 2015 budget raised the petro-dollar allocations to the provinces to $ 2 instead of $ 1. He replaced that "the law, which included raising the percentage allocations to 5 percent did not apply still faces objections, denying the existence of prejudice in this regard, especially as the economic situation of the country now requires more cooperation to cross the financial crisis. "The current year's budget raised the petro-dollar allocations for producing provinces to $ 2 for every barrel of oil produced, rather than the proportion of US $ 1, which was calculated over the past years and therefore, there is an increase in spite of the current circumstances, and the fluctuation of the sale of oil prices, and expressed surprise at some voices to demand higher percentage to five or ten dollars, while the law passed five dollars was not applied in advance, due to the differences on the objections of law omitted authorities claim to increase those amounts. He replaced the fear of diminishing the sale of oil prices worldwide for the sale of the barrel, which was built by the budget price will increase the country's economic situation critical. The cabinet approved in the budget prepared by the project in 2015, the allocation of $ 2 to the provinces producing oil for every barrel produced in them.
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