Government announces the execution of the distribution of surplus oil project between citizens

by **Rocky** Sun 15 Sep 2013, 10:24 am

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Government announces the execution of the distribution of surplus oil project between citizens

by Rocky Sun 15 Sep 2013, 10:24 am

Government announces the execution of the distribution of surplus oil project between citizens

9/15/2013 | (Voice of Iraq)

Baghdad (Iraq) / Walid al-Mahdi
The Iraqi government announced cancellation distribution project 25% of the surplus oil revenues runway law the federal budget for this year, at the time confirmed the Finance Committee parliamentary government has not implemented the law of distribution of surplus revenue under the pretext of lack of oil exports, although the price of the barrel of the value is greater than the calculated budget.
A spokesman for the Ministry of Planning Abdul Zahra al-Hindawi told «future» yesterday (Saturday 14 September 2013), «he can not implement paragraph in the public budget for the distribution of surplus oil exports to the citizens on the ground as a result of a large deficit budget and this is what it became clear after the first half of the current year .
He added that the budget provided for the distribution of the surplus to plug this budget unless achieved, and the value of the deficit between Hindawi «he does not have accurate information on this matter! . For its part, the parliamentary Finance Committee said that the project of the distribution of the surplus to the citizens has been canceled by the government under the pretext of the non-arrival of exports to the threshold of one million and 900 thousand barrels per day.

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