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Finance Committee: Share of 17% to the Kurdistan Region of the total budget is based on monthly revenue
THURSDAY, 22 JANUARY 2 / JANUARY 2015 11:25 H / M T'S
Twilight News / Finance Committee in the Iraqi Parliament confirmed, on Thursday, do not specify a financial number within 17% of the budget for the financial counterbalance Okulaik Kurdistan, noting that the province will receive a financial budget in the form of monthly payments according to financial earned an income.
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A member of the Committee Faleh applicable, in an interview with "Twilight News", "The current year budget 2015 budget are speculative, and the province will receive a share amounting to 17% of the federal budget in the form of monthly payments are calculated according to financial revenue realized."
He added that "the sovereign expenses, which amounted to 26 trillion dinars, in addition to the ruling expenses up to 7 trillion dinars, and the remainder of the total budget is 92 trillion dinars, which will be accounted for, including the 17% rate for the Kurdistan Region."
He said in effect that "17% of the region's share could rise may go up or down according to financial revenue realized," stressing the lack of "fixed number in the federal budget dedicated as a share of the region of Kurdistan within the budget."
Finance Committee and announced in the House of Representatives on Wednesday, reduced 5 trillion dinars from the fiscal deficit in the budget of 2015, but indicated that the deficit is still high due to the very low prices to sell oil.
He said Oil Minister Adel Abdul Mahdi, in a speech he delivered an oil conference held in Kuwait, on Wednesday, that "oil prices currently at the bottom and it is difficult to record a further drop."
Gave Abdul-Mahdi, the former two proposals to address the decline in oil prices, the first to leave prices fall to an end with him out of the market every marginal producers who need to price oil high to continue their production, and thus get rid of (OPEC) of surplus without loss of one barrel of market share, while the second is that the (OPEC) to reduce the 5 per cent of its production, equivalent to about 1.5 million barrels per day.
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THURSDAY, 22 JANUARY 2 / JANUARY 2015 11:25 H / M T'S
Twilight News / Finance Committee in the Iraqi Parliament confirmed, on Thursday, do not specify a financial number within 17% of the budget for the financial counterbalance Okulaik Kurdistan, noting that the province will receive a financial budget in the form of monthly payments according to financial earned an income.
11348661.jpg
A member of the Committee Faleh applicable, in an interview with "Twilight News", "The current year budget 2015 budget are speculative, and the province will receive a share amounting to 17% of the federal budget in the form of monthly payments are calculated according to financial revenue realized."
He added that "the sovereign expenses, which amounted to 26 trillion dinars, in addition to the ruling expenses up to 7 trillion dinars, and the remainder of the total budget is 92 trillion dinars, which will be accounted for, including the 17% rate for the Kurdistan Region."
He said in effect that "17% of the region's share could rise may go up or down according to financial revenue realized," stressing the lack of "fixed number in the federal budget dedicated as a share of the region of Kurdistan within the budget."
Finance Committee and announced in the House of Representatives on Wednesday, reduced 5 trillion dinars from the fiscal deficit in the budget of 2015, but indicated that the deficit is still high due to the very low prices to sell oil.
He said Oil Minister Adel Abdul Mahdi, in a speech he delivered an oil conference held in Kuwait, on Wednesday, that "oil prices currently at the bottom and it is difficult to record a further drop."
Gave Abdul-Mahdi, the former two proposals to address the decline in oil prices, the first to leave prices fall to an end with him out of the market every marginal producers who need to price oil high to continue their production, and thus get rid of (OPEC) of surplus without loss of one barrel of market share, while the second is that the (OPEC) to reduce the 5 per cent of its production, equivalent to about 1.5 million barrels per day.
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