Finance Committee Member projects 2014 budget will be sent to parliament this week

Posted: December 16, 2013 in Iraqi Dinar/Politics
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Finance: The government will send a budget this week

12.16.2013

Ahmed Mohamed parliamentary Finance Committee announced that the government will send a draft law on the federal budget to the House of Representatives during the current week.

She said the adoption of the budget discussions will take two months at least. Committee Chairman MP Haider al-Abadi’s «future» yesterday that according to our information, the draft general budget of the federal government will reach to parliament during the current week.

He noted that the budget that next year include a large deficit up to more than 27 trillion dinars, and there is a real problem in the production of oil, especially from the fields of Kirkuk and the Kurdistan region of not exporting any barrel of them this year.

Added Abadi said the federal budget for the year 2014 amounted to 174 trillion Iraqi dinars at a rate of deficit 27 trillion dinars calculates the price of a barrel of oil at $ 90 and the rate of export of 3.5 million barrels per day. between the solution to the outstanding problems between the federal government and the Kurdistan region on dues oil companies and the salaries of the Peshmerga and the region’s share of the budget Sistnzv discussions approval of the budget law, because of the parties to their position.

But MP Kurdistan Alliance and a member of the parliamentary Finance Committee Najeebeh Najib said the initial draft of the Code of Federal budget included $ 16 billion in provisions for the oil companies operating in the country including the billion dollars for the companies in the Kurdistan region did not include the salaries of the Peshmerga what is contrary to the agreement between Baghdad and Erbil. added Najib’s « Future »yesterday that the share of the Kurdistan region of the federal budget included 17%. They pointed out that the financial benefits of the province owed ​​the federal government did not include all of them in the budget of 2014.

Showed that dues decades oil companies operating in the Kurdistan region did not allocate them only a trillion dinars ($ billion), contrary to the agreement signed between the provincial government and the federal on payment of all dues, amounting to four trillion and 300 billion dinars until the year 2013, demanding the federal government commitment to the agreements signed with the provincial government to pay the debts of the oil companies and the salaries of the Peshmerga in the budget year 2013

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