Iraq's controversial balance sheet

by **Rocky** Thu 01 Mar 2018, 10:52 am

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Iraq's controversial balance sheet

by Rocky Thu 01 Mar 2018, 10:52 am

Iraq's controversial balance sheet

>>> Shafak News / The House of Representatives began its thirteenth ordinary session held under the chairmanship of Salim al-Jubouri, the Speaker of the House of Representatives in the presence of 180 deputies on Thursday vote on the Financial Budget Law for 2018 and voted on five parliamentary resolutions. He pointed out that the points of disagreement in the draft law concerns the salaries of employees and the use of the term provinces of the Kurdistan region as well as the salaries of the Peshmerga and compensation of the staff of the region, noting that the Committee completed all the articles Budget bill in 2018. The Council then voted on the decision to consider the district of Al-Ajaj and its villages and the area of Tal Abtah and villages belonging to affected areas. A decision was also taken to consider the area of Ayadiyah in Tal Afar district as a disaster zone The council ended the vote on the decision considering the districts of Anbar province, the existing and from him and saw the areas of disaster. The Council proceeded to vote on the draft federal budget law of the Republic of Iraq for the fiscal year 2018 for approval, where completed 12 articles out of 48 articles. The revenues of the general budget are estimated at (91643667236) thousand dinars (ninety nine trillion six hundred and forty-three billion six hundred and sixty seven million and two hundred and thirty-six thousand dinars). The estimated revenues from the export of crude oil were calculated on the basis of the average price of 46 dollars per barrel at an export rate of 3 million Eight hundred and eighty-eight thousand barrels per day, including 250 thousand barrels per day from the Kurdistan Region. The allocations of expenditures amount to (104158183734) thousand dinars (one hundred and four trillion and one hundred and fifty-five billion one hundred and eighty-three million and seven and thirty-four thousand dinars), while the total deficit planned budget (12514516498) thousand dinars (twelve trillion five hundred and fourteen billion five hundred and six Ten million and four hundred and ninety-eight thousand dinars), after which it was decided to resume the session on Saturday 3/3/2018 at 11 am.

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