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Finance Committee in the House of Representatives: a surplus of funds due to high oil prices
The Finance Committee in the House of Representatives, Tuesday, July 16, 2019, a surplus of funds due to high oil prices, and record low price in the budget of 2019.
"The price of oil in all budgets is set by experts in a speculative manner, even if there is a rise or fall in world oil prices," said committee commissioner Ahmed al-Saffar.
Al-Saffar said that "there is a financial surplus, because the price of a barrel in the budget (56), in fact, is much higher, this money will be within the supplementary budget, which is distributed after half a year, if there is a financial surplus, Surplus".
"The distribution of the supplementary budget funds is the responsibility of the ministries of finance and planning, and the House of Representatives has a role to do so, and be distributed according to regions and provinces that have received a few allocations, or is allocated part of this money for important projects,
Likely that "the next few days, will witness the preparation and distribution of the supplementary budget."
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The Finance Committee in the House of Representatives, Tuesday, July 16, 2019, a surplus of funds due to high oil prices, and record low price in the budget of 2019.
"The price of oil in all budgets is set by experts in a speculative manner, even if there is a rise or fall in world oil prices," said committee commissioner Ahmed al-Saffar.
Al-Saffar said that "there is a financial surplus, because the price of a barrel in the budget (56), in fact, is much higher, this money will be within the supplementary budget, which is distributed after half a year, if there is a financial surplus, Surplus".
"The distribution of the supplementary budget funds is the responsibility of the ministries of finance and planning, and the House of Representatives has a role to do so, and be distributed according to regions and provinces that have received a few allocations, or is allocated part of this money for important projects,
Likely that "the next few days, will witness the preparation and distribution of the supplementary budget."
[You must be registered and logged in to see this link.]
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