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Expert: petro-dollar project will give the oil-producing provinces of their rights
Date: Monday 20/2/2012 7:20
□ Baghdad / follow-up range
has ruled out economic expert, Abdul-Sattar al-Bayati, the impact of the project petro dollars on the financial allocations of the general budget, the fact that there is a plan with the Ministry of Oil to increase production of oil.
Bayati said for the Agency (news): You must implement a project petrodollar he would give the provinces their rights, which produced from oil, noting that most of those provinces suffering from a lack of services and infrastructure, in addition to the lack of financial allocations assigned to them by the federal government.
He added that the implementation of the petro-dollar will not affect the financial allocations of the general budget thanks to plans by the Ministry of Oil to increase oil production and export capacity of oil, as well as an increase in oil prices, global markets as a result of economic crises experienced by some countries.
He continued to the federal government to take into account the deprivation of some provinces and poverty rates that increase each year, although it is rich in oil resources, calling to give part of the oil imports of Finance to those provinces and give them full power to act on these funds to eradicate poverty and promote aspects of service and economic to the provinces.
He the importance of a study holistic before implementation of this project is to identify the most important developments that must be made through the application of this law in order to avoid economic problems in the country that may occur during the implementation of this law.
and that the economy is still Rieia unilaterally in the event of delays in project work oil or low oil prices will lead to a global economic crisis is difficult to solve in the country.
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