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Thursday, June 28, 2012 17:21
Parliamentarians: 25 of the distribution of surplus oil revenues to the Iraqi people will not be achieved
BAGHDAD / Baghdadiya News / .. confirmed members of the House of Representatives, Thursday, 25 of the distribution of surplus oil revenues will not materialize this year, Marjaheen the cause to the decline in the price of oil sales, which amounted to $ 74 for one Berlmal.
The MP said the Finance Committee, Haitham al-Jubouri told / Baghdadiya News /, "The distribution of 25 percent of the surplus oil revenues approved by the House of Representatives during the vote on the budget of 2012, will not be realized until after the bridge the budget deficit of 12 billion dollars," noting that "The government and even the current month of June will not be up to fill the gap by 30 percent, which significantly affects the supplementary budget that is supposed to reach the parliament during this month, and so this point is unloaded from the original content."
He added that the Ministry of Planning and Finance was supposed to submit the report of the committees are formed to develop and study a mechanism of income distribution has not been completed something of its work in spite of the passage of more than four months to approve the equalizer. "
For his part, member of the Economic Commission Abdul-Hussein Abtan told / Baghdadiya News /, that "the global downturn of the oil after a lot on the supplementary budget, considering that this error is due to the government, which adopted the selling price of oil at $ 85 a barrel, while the insistence of Parliament to be Price within the budget to $ 72 in order to avoid any problem against the oil market. "
And Abtan "The Ministry of Oil and Deputy Prime Minister for Energy, Hussain al-Shahristani bear the burden of delay in the arrival of the supplementary budget to parliament as well as a lack of the possibility distribution of the ratio approved by the Parliament and the 25 percent of the surplus revenues of the sale of oil, noting that al-Shahristani, persuaded Parliament that the sale of a barrel of oil will reach more than $ 100 per barrel and a capacity of up to three and a half million Almilon daily production capacity in the day did not arrive until two million barrels and 900 "..
The House of Representatives approved a budget that during the vote on the 2012 allocation of 25 of the surplus revenues of the sale of oil to the Iraqi people, the project adopted by the Liberals and the Bloc said not to vote on the budget without the inclusion of this paragraph and the vote on the approval.
The House of Representatives voted in the 24 of February of this year on the state budget, amounting to 100.5 billion dollars on the basis of the average price for a barrel of oil is 85 dollars and the average exports of 2.6 million barrels a day and a deficit of B $ 12.6 billion will fill the bulk of it from the surplus in the fund account development of Iraq to the Federal Reserve Bank in New York ..
It is noteworthy that Iraq, which relies heavily on its income to finance 95% of its budget, which seeks to increase its oil production to more than eight million barrels per day by 2017 with the assistance of foreign oil companies. Finished
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Parliamentarians: 25 of the distribution of surplus oil revenues to the Iraqi people will not be achieved
BAGHDAD / Baghdadiya News / .. confirmed members of the House of Representatives, Thursday, 25 of the distribution of surplus oil revenues will not materialize this year, Marjaheen the cause to the decline in the price of oil sales, which amounted to $ 74 for one Berlmal.
The MP said the Finance Committee, Haitham al-Jubouri told / Baghdadiya News /, "The distribution of 25 percent of the surplus oil revenues approved by the House of Representatives during the vote on the budget of 2012, will not be realized until after the bridge the budget deficit of 12 billion dollars," noting that "The government and even the current month of June will not be up to fill the gap by 30 percent, which significantly affects the supplementary budget that is supposed to reach the parliament during this month, and so this point is unloaded from the original content."
He added that the Ministry of Planning and Finance was supposed to submit the report of the committees are formed to develop and study a mechanism of income distribution has not been completed something of its work in spite of the passage of more than four months to approve the equalizer. "
For his part, member of the Economic Commission Abdul-Hussein Abtan told / Baghdadiya News /, that "the global downturn of the oil after a lot on the supplementary budget, considering that this error is due to the government, which adopted the selling price of oil at $ 85 a barrel, while the insistence of Parliament to be Price within the budget to $ 72 in order to avoid any problem against the oil market. "
And Abtan "The Ministry of Oil and Deputy Prime Minister for Energy, Hussain al-Shahristani bear the burden of delay in the arrival of the supplementary budget to parliament as well as a lack of the possibility distribution of the ratio approved by the Parliament and the 25 percent of the surplus revenues of the sale of oil, noting that al-Shahristani, persuaded Parliament that the sale of a barrel of oil will reach more than $ 100 per barrel and a capacity of up to three and a half million Almilon daily production capacity in the day did not arrive until two million barrels and 900 "..
The House of Representatives approved a budget that during the vote on the 2012 allocation of 25 of the surplus revenues of the sale of oil to the Iraqi people, the project adopted by the Liberals and the Bloc said not to vote on the budget without the inclusion of this paragraph and the vote on the approval.
The House of Representatives voted in the 24 of February of this year on the state budget, amounting to 100.5 billion dollars on the basis of the average price for a barrel of oil is 85 dollars and the average exports of 2.6 million barrels a day and a deficit of B $ 12.6 billion will fill the bulk of it from the surplus in the fund account development of Iraq to the Federal Reserve Bank in New York ..
It is noteworthy that Iraq, which relies heavily on its income to finance 95% of its budget, which seeks to increase its oil production to more than eight million barrels per day by 2017 with the assistance of foreign oil companies. Finished
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