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[size=36]Parliamentary energy: the accumulated sums of petrodollars are estimated at 25 billion dollars and the allocation of one trillion for its fund[/size]
Political| 02:59 - 05/08/2021
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Baghdad - Mawazine News
The Parliamentary Oil and Energy Committee revealed, on Saturday, the allocation of one trillion dinars to the petrodollar fund for oil-producing provinces, while confirming that the accumulated amounts of petrodollars for previous years are estimated at 25 billion dollars.
A member of the committee, MP Sadiq Al-Sulaiti, said, according to the official agency, that "the petrodollar is an entitlement for the oil-producing provinces, refining crude and gas-producing, indicating that the project allocates 5% of the oil revenues to improve the infrastructure of those provinces," pointing out that "the petrodollar did not come into effect during The previous years, despite its confirmation in the budgets, due to the failure to allocate funds by the ministries of planning and finance, under the pretext of a financial deficit or insufficient liquidity, ”affirming that“ there have been accumulations of petrodollar sums during previous years, estimated at about $ 25 billion. ”
He pointed out that "his committee sought during the current year to amend and include the paragraph on petrodollar allocations in the budget, by establishing a fund after approving the budget," indicating that "accounts for the fund will be opened that will be fed monthly from oil revenues."
He explained that "a trillion dinars have been allocated for the amounts of petrodollars," noting that "in the event that the Ministry of Finance does not open accounts for the fund and feed it with revenues, the Ministry will be subjected to legal accountability, whether by the governorates or members of Parliament, for not applying the most important provisions of the budget." Ended 29 / A 43
The Parliamentary Oil and Energy Committee revealed, on Saturday, the allocation of one trillion dinars to the petrodollar fund for oil-producing provinces, while confirming that the accumulated amounts of petrodollars for previous years are estimated at 25 billion dollars.
A member of the committee, MP Sadiq Al-Sulaiti, said, according to the official agency, that "the petrodollar is an entitlement for the oil-producing provinces, refining crude and gas-producing, indicating that the project allocates 5% of the oil revenues to improve the infrastructure of those provinces," pointing out that "the petrodollar did not come into effect during The previous years, despite its confirmation in the budgets, due to the failure to allocate funds by the ministries of planning and finance, under the pretext of a financial deficit or insufficient liquidity, ”affirming that“ there have been accumulations of petrodollar sums during previous years, estimated at about $ 25 billion. ”
He pointed out that "his committee sought during the current year to amend and include the paragraph on petrodollar allocations in the budget, by establishing a fund after approving the budget," indicating that "accounts for the fund will be opened that will be fed monthly from oil revenues."
He explained that "a trillion dinars have been allocated for the amounts of petrodollars," noting that "in the event that the Ministry of Finance does not open accounts for the fund and feed it with revenues, the Ministry will be subjected to legal accountability, whether by the governorates or members of Parliament, for not applying the most important provisions of the budget." Ended 29 / A 43
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