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Council questioned the accession of Basra to maintain the petro-dollar amounts next year
Sat, 19 Sep 2015
Questioned members of the provincial council in Basra on Saturday, the extent of the federal government's capacity over the next year to comply regardless of the amount of petrodollars two dollars for every barrel of oil produced by the province, and after that included a draft general budget for 2016 Act provides that paragraph.
The Chairman of the Securities and Exchange Commission and the follow-up assignments in the provincial council, Sheikh Ahmad Al-Sulaiti in an interview Agency "News Today", "The draft state budget law for next year and found a smokescreen, as a barrel of oil was Tejemenh at a price of $ 45, and have been better defined the minimum in order to avoid to face the additional deficit, "noting that" paragraph allocation of two dollars for every barrel of the provinces oil producers, including Basra, looks unrealistic and difficult to implement, it has been that paragraph is included only for install producing provinces maturity. "
He Sulaiti, the head of the Badr in the Council, that "Basra did not get from the budget for the current year only to 250 billion dinars, is unlikely to get allocations of (petro) over the next year, except in the case of a surplus, which is unlikely." adding that "the fees and taxes included in the draft does not address the accumulated deficit in the budget."
In turn, Chairman of the reconstruction and development of the provincial council flower Hamza Albjara said in an interview for "AGENCY Abaraleom", "The inclusion of a paragraph in the draft budget law next year provides for the giving of Basra, two dollars for every barrel of oil produced by the province does not give us the hope to obtain actually on the amounts involved on it, "adding that" Basra was scheduled to get five dollars for each barrel during the current year but did not get none of them, with the exception of 250 billion dinars, and the amount disbursed to finance ongoing projects (in progress), was allocated for new projects, so that has not been implemented so far of any project included preservation projects within the plan for the current year. "
Albjara She pointed out that "Basra has no choice but to move toward obtaining loans from financial institutions guarantees from the federal government," arguing that "it guarantees to preserve the implementation of some of the necessary vital projects over the next year, but should the federal government agree to provide guarantees for lending institutions ".
The Ministry of Finance (15 September 2015) to send the draft general budget bill for next year to the Cabinet for discussion, and then forwarded to the House of Representatives for a vote, the ministry indicated in a statement that "the process of drafting and preparation of the budget has in the light of the facts of the matter, and reduce public expenditures, and the fight against waste and waste in state revenues, and diversify sources of national income in the country.
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Sat, 19 Sep 2015
Questioned members of the provincial council in Basra on Saturday, the extent of the federal government's capacity over the next year to comply regardless of the amount of petrodollars two dollars for every barrel of oil produced by the province, and after that included a draft general budget for 2016 Act provides that paragraph.
The Chairman of the Securities and Exchange Commission and the follow-up assignments in the provincial council, Sheikh Ahmad Al-Sulaiti in an interview Agency "News Today", "The draft state budget law for next year and found a smokescreen, as a barrel of oil was Tejemenh at a price of $ 45, and have been better defined the minimum in order to avoid to face the additional deficit, "noting that" paragraph allocation of two dollars for every barrel of the provinces oil producers, including Basra, looks unrealistic and difficult to implement, it has been that paragraph is included only for install producing provinces maturity. "
He Sulaiti, the head of the Badr in the Council, that "Basra did not get from the budget for the current year only to 250 billion dinars, is unlikely to get allocations of (petro) over the next year, except in the case of a surplus, which is unlikely." adding that "the fees and taxes included in the draft does not address the accumulated deficit in the budget."
In turn, Chairman of the reconstruction and development of the provincial council flower Hamza Albjara said in an interview for "AGENCY Abaraleom", "The inclusion of a paragraph in the draft budget law next year provides for the giving of Basra, two dollars for every barrel of oil produced by the province does not give us the hope to obtain actually on the amounts involved on it, "adding that" Basra was scheduled to get five dollars for each barrel during the current year but did not get none of them, with the exception of 250 billion dinars, and the amount disbursed to finance ongoing projects (in progress), was allocated for new projects, so that has not been implemented so far of any project included preservation projects within the plan for the current year. "
Albjara She pointed out that "Basra has no choice but to move toward obtaining loans from financial institutions guarantees from the federal government," arguing that "it guarantees to preserve the implementation of some of the necessary vital projects over the next year, but should the federal government agree to provide guarantees for lending institutions ".
The Ministry of Finance (15 September 2015) to send the draft general budget bill for next year to the Cabinet for discussion, and then forwarded to the House of Representatives for a vote, the ministry indicated in a statement that "the process of drafting and preparation of the budget has in the light of the facts of the matter, and reduce public expenditures, and the fight against waste and waste in state revenues, and diversify sources of national income in the country.
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