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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Parliamentary Energy: The 2021 Budget required the Ministry of Finance to establish special funds fo

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Parliamentary Energy: The 2021 Budget required the Ministry of Finance to establish special funds fo Empty Parliamentary Energy: The 2021 Budget required the Ministry of Finance to establish special funds fo

Post by rocky Wed 14 Apr 2021, 6:53 am

[size=35][size=35]Parliamentary Energy: The 2021 Budget required the Ministry of Finance to establish special funds for "petrodollars"[/size]
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Economie

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2021-04-14 | 02:13
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The Parliamentary Oil and Energy Committee confirmed that the 2021 budget adopted a new mechanism regarding the petro-dollar clause, which includes opening funds and accounts for oil-producing provinces and placing their share of funds away from the Ministry of Finance.


Committee member Sadiq Al-Sulaiti said in a statement followed by Alsumaria News, "The issue of (petrodollars) in all budgets was mentioned that there are dues for oil-producing governorates, as well as provinces that contain refineries as part of the" petrodollar "allocations, through sums to these provinces within the special investment plan Out. "







He added, "What happened during the past years, that this topic was written within the budgets, but not applied, because the Ministry of Finance was citing the lack of financial revenues, and the deficit remains in financing" petrodollar projects "".

Al-Sulaiti explained that "the debts of the Ministry of Finance to the southern governorates amounted to more than 25 trillion dinars according to the “petrodollar” clause and this amount has not been paid yet, and that “the 2021 budget has put in place a new mechanism that differs from its predecessor, and this mechanism imposed on the Ministry of Finance to establish special funds for“ petrodollars ”, by opening accounts on a monthly basis from revenues Oil is deducted from the "petrodollars" in order for these projects to be organized by the producing provinces according to their production quotas, and the amount remains far from the disposal of the Ministry of Finance.

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