Tuesday, February 15, 2011

800 Dinars per person ~ Budget proposes Non-oil producing amount of one dollar for each individual to maintain, in addition to funds of 800 dinar ...

15/02/2011

Deputy: Allocation of one dollar per person for the provinces of non-oil producing

Baghdad, February 15 (Rn) - The deputy of the Iraqi List, said Tuesday, an agreement between the political blocs on the award of the Iraqi provinces non-oil producing amount of one dollar for each individual to maintain, within the budget year.

Said Ziad worldwide abolition of the Kurdistan News Agency (Rn) that "the political blocs agreed on the Adoption of the item in the draft budget law in 2011, provides for the provincial non-oil producing amount of one dollar for each individual to maintain, in addition to funds the development of regions and that of 800 Iraqi dinars per person".

"The 2011 budget contains many economic problems, so the political blocs, is counting on the Economic Commission for the development of a fair balance for all provinces."

Revealed the Economic Committee in the Iraqi parliament on Tuesday that it will finish writing the final report of the Federal budget, containing the claim, inter amendments and clarifications, unexpected vote on the budget before the end of this month.

He noted that the worldwide abolition "to give the provincial non-oil producing one dollar for every person living in the province, comes from the door of the efforts to find a balance between Iraqi provinces the oil-producing and non-producing oil."

This agreement comes between the political blocs to achieve a kind of balance between the provinces after Iraq admitted last year to grant the provinces the oil-producing amount of one dollar for every barrel of oil produced from the fields, and called the amounts allocated to it as "petrodollars."

The Iraqi government has approved the final version of the draft federal budget law for fiscal year 2011, reaching 96.6 trillion size of Iraqi dinars (81.9 billion U.S. dollars).

Economists expect the budget deficit to reach about $ 12 billion, in what is expected that the rate of spending about 54.7 billion dollars.

Iraq relies He is a member of the Organization of Petroleum Exporting Countries on oil revenues to finance about 95% e of the annual budget.

In the opinion of a number of deputies that the delay in the budget over the period has been delayed disrupt the process of construction, age and impede the movement of government and ministries.

Witness the preparation of budgets, the country's financial and approval delays by the government and the House of Representatives because of the large number of objections and criticisms on some of its clauses, most notably the aspects of exchange and the financial allocations for some government institutions and the three presidencies.

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