by Rocky Wed 10 Oct 2018, 6:45 am
Budget of 2019 .. $ 56 rate of the price of a barrel of oil and raise the proportion of real estate tax
draft draft law for Iraq's budget for the next year 2019 revealed that the estimated revenues were calculated from the export of crude oil on the basis of the rate of 56 dollars per barrel and an export rate of 3 million and 880 thousand barrels per day, including 250 thousand barrels per day of the quantities of crude oil produced In the provinces of Kurdistan on the basis of the exchange of 1182 dinars per dollar.
The draft, and seen by Alsumaria News, that "the total deficit planned for the federal budget for fiscal year 2019 amounted to 22 trillion and 873 billion and 365 million and 557 thousand dinars," indicating that "the deficit will be covered by the deficit of the abundance of the increase in prices of crude oil source or Increase crude oil exports ".
The draft said that "the share of the Kurdistan region of the total actual spending by the souls of each province after the exclusion of sovereign expenditures," noting that "the failure of the Kurdistan region to pay the federal revenues received to the federal public treasury will be deducted the quota set for them and the reconciliation is carried out later.
She noted the draft that "prevents the appointment in government departments all manner contracted with the possibility of renewal of previous contracts in the event of a need for it is accounted for the contract period of crowns on the permanent staffing of actual service and stop the appointments in the three presidencies , " the House of Representatives and Raish Republic and the Council of Ministers and its affiliates. "
Showed Draft "Amendment of the Tax Ratio of the Real Estate Tax Law No. 162 of 1959, amended under section 6 of CPA Order No. 49 of 2004 from 10% to 12% of the annual revenues of real estate properties."
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