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Baghdad - INA - Nassar Al-Hajj
, the Parliamentary Oil and Energy Committee revealed today, 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, told the Iraqi News Agency (INA), "The petrodollar is an entitlement for the oil-producing and refining provinces of 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 has not entered into the space. Implementation during previous years despite its confirmation in the budgets, due to the lack of allocation of funds by the Ministries of Planning and Finance, under the pretext of a financial deficit or lack of adequate 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 exposed to legal accountability, whether by the provinces or members of Parliament, for not applying the most important provisions of the budget."
[You must be registered and logged in to see this link.]
Baghdad - INA - Nassar Al-Hajj
, the Parliamentary Oil and Energy Committee revealed today, 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, told the Iraqi News Agency (INA), "The petrodollar is an entitlement for the oil-producing and refining provinces of 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 has not entered into the space. Implementation during previous years despite its confirmation in the budgets, due to the lack of allocation of funds by the Ministries of Planning and Finance, under the pretext of a financial deficit or lack of adequate 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 exposed to legal accountability, whether by the provinces or members of Parliament, for not applying the most important provisions of the budget."
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