Wednesday, January 26, 2011

Iraq Budget ~ Council of Ministers Approved Amendments to the Draft Budget law 2011, the amendment of the price of a barrel of oil exported to $76.5

January 27, 2011

Also, approved the purchase of 18 F-16 aircraft type .. the Council of Ministers agreed to raise oil prices in the 2011 budget

Council of Ministers approved on Wednesday, amendments to the draft budget law 2011, the amendment of the price of a barrel of oil exported to 76.5 dollars and by 2.2 million barrels a day, and agreed to forward the draft power station Jerusalem invasive capacity of 500 megawatts to the company "Hyundai" South Korea at a cost of 218 925 000 dollars and the implementation of standing for 18 months, according to a statement of the Office of Government Spokesman.

The statement said that the Council of Ministers "authorized Prime Minister and Minister of Defense and the agency negotiated with the U.S. side on the amount of the first installment of the contract to buy 18 aircraft type F16", also authorized the Prime Minister or the Minister and the agency authority to "sign on the contracts of purchase of the ration card in the absence of or not the presence and Minister of Trade or the Minister responsible for any reason in order to avoid delay processing and because of the nature of those contracts to determine whether rapid it. "The Board approved, according to the statement, to" issue instructions leave school on according to the formula modified by the committee formed for this purpose with the authorization the competent minister grants those who leave school average of at least the rate contained in the instructions in the event of a service of not less than five years and accept students in engineering and medical disciplines in the successful from the first quarter."

And authorized the probe, as well as, the Ministry of Transport the power "to borrow from Iraqi banks guaranteed by the Ministry of Finance to finance the studies of the draft port of Faw, rather than Italian loan interest rate of 4% to be borne by the Ministry of Finance to recover the loan amount from the investor, which shall be referred to the project and put it in terms of the contract with him."

The Board agreed, according to the statement, to "lend to the Ministry of Industry and Minerals from Iraqi banks to enable them to pay the salaries of self-financing companies and include the Ministry of Finance of the loan benefit the former itself," and to "proceed to the Ministry of Education to invest plots determined to build schools within the project of the World Bank loan and grant Kuwaiti to complete the due process later and give the relevant ministries of the World Bank and the Kuwaiti government notification of approval."

The Council approved, according to the statement, that "the recommendations of the committee on controls contracted with ministers and National Assembly members and members of the House of Representatives of former retirees with experience and competence with the Council of Ministers granted the authority to grant some of them and he sees fit some executive powers and amend Article VI in accordance with it."

The Board recommended to the House of Representatives concerning the appointment of thunder Emmanuel Thomas Chandler was elected chairman of Board of endowments Christians and other religions the rank of Undersecretary of the Ministry based on the provisions of Articles 61 and 80 of item V of the Constitution provided the safety of his position in terms of integrity, supported by Commission on Public Integrity, "he said in a statement.