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Postpone the distribution of surplus oil revenues to citizens - will not be issued during the current year
05.16.2012 Baghdad and agencies
The Undersecretary of the Ministry of Finance, the amounts that had been scheduled disbursement of the increase in oil prices and exports of Iraqi citizens will not be issued during the current year.
According to one of the terms of Iraq's budget public in 2012 that «if the high price of oil for more than $ 85 a barrel, the amount of surplus from going forward will be distributed to citizens, but the Ministry of Finance confirmed then that the accounts and the value of the deficit and the surplus will be seen after the month of June.
Fadel said the Prophet, told the Kurdish news agency that «the Ministry of Finance will be able during the month of July of the expense of difference in prices and increase Iraq's oil exports», he said that he «at that time will determine the value of the increase in fiscal revenue of oil, and even this moment does not exist for any new information about the distribution of financial increases oil exports to citizens ».
He added that «item budget, the distribution of part of the oil revenue to citizens has been formulated with a complex, and going forward painted on the basis of the arrival rate of Iraq's oil exports to 2.6 million barrels a day, but this did not happen, as it arrived in Iraq's oil output during the previous months, except for the last month, 2.2 million barrels a day ».
between the prophet and that« the current year will see the value of the distribution of surplus amounts of the budget on the citizens, despite high oil prices, currently, as it will be a surplus of a little citizen will not be able to take advantage of it if the distribution of cash Kmbalg ».
And select the Iraq oil sale price in the budget for 2012 to current (85) dollars a barrel, while the Iraqi oil is sold currently in the global markets by more than (100) dollars per barrel.
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05.16.2012 Baghdad and agencies
The Undersecretary of the Ministry of Finance, the amounts that had been scheduled disbursement of the increase in oil prices and exports of Iraqi citizens will not be issued during the current year.
According to one of the terms of Iraq's budget public in 2012 that «if the high price of oil for more than $ 85 a barrel, the amount of surplus from going forward will be distributed to citizens, but the Ministry of Finance confirmed then that the accounts and the value of the deficit and the surplus will be seen after the month of June.
Fadel said the Prophet, told the Kurdish news agency that «the Ministry of Finance will be able during the month of July of the expense of difference in prices and increase Iraq's oil exports», he said that he «at that time will determine the value of the increase in fiscal revenue of oil, and even this moment does not exist for any new information about the distribution of financial increases oil exports to citizens ».
He added that «item budget, the distribution of part of the oil revenue to citizens has been formulated with a complex, and going forward painted on the basis of the arrival rate of Iraq's oil exports to 2.6 million barrels a day, but this did not happen, as it arrived in Iraq's oil output during the previous months, except for the last month, 2.2 million barrels a day ».
between the prophet and that« the current year will see the value of the distribution of surplus amounts of the budget on the citizens, despite high oil prices, currently, as it will be a surplus of a little citizen will not be able to take advantage of it if the distribution of cash Kmbalg ».
And select the Iraq oil sale price in the budget for 2012 to current (85) dollars a barrel, while the Iraqi oil is sold currently in the global markets by more than (100) dollars per barrel.
[You must be registered and logged in to see this link.]
