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A major financial blow to the province of Basra
The head of the oil and gas committee in the Basra provincial council Ali Shaddad Al-Faris said on Wednesday that the latest proposal to amend the federal budget paragraphs, which includes the cancellation of the paragraph on petrodollar revenues and reduce the budget of the development of regions will lose the province more than 90% of its budget and make it very embarrassing to the implementing companies For projects.
"Basra province has relied heavily on petrodollars imports in the preparation of its annual plan, especially that the budget of the development of regions amounted to (38 billion dinars), while the allocations of the petrodollar amounted to (297 billion dinars) and in light of the amendment The remaining Basra province does not exceed 10% of its financial benefits. "
Al-Fares revealed that "
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The head of the oil and gas committee in the Basra provincial council Ali Shaddad Al-Faris said on Wednesday that the latest proposal to amend the federal budget paragraphs, which includes the cancellation of the paragraph on petrodollar revenues and reduce the budget of the development of regions will lose the province more than 90% of its budget and make it very embarrassing to the implementing companies For projects.
"Basra province has relied heavily on petrodollars imports in the preparation of its annual plan, especially that the budget of the development of regions amounted to (38 billion dinars), while the allocations of the petrodollar amounted to (297 billion dinars) and in light of the amendment The remaining Basra province does not exceed 10% of its financial benefits. "
Al-Fares revealed that "
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