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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Parliamentary Finance is talking about a misunderstanding with the government regarding the petrodol

rocky
rocky
NNP TEAM
NNP TEAM


Posts : 208274
Join date : 2012-12-21

Finance - Parliamentary Finance is talking about a misunderstanding with the government regarding the petrodol Empty Parliamentary Finance is talking about a misunderstanding with the government regarding the petrodol

Post by rocky Sun 27 Jun 2021, 6:59 am

[size=52]Parliamentary Finance is talking about a misunderstanding with the government regarding the petrodollar[/size]

[size=45]Baghdad/ Firas Adnan[/size]
[size=45]Yesterday, Saturday, the Parliamentary Finance Committee announced the removal of a misunderstanding that occurred between the federal government and the oil-producing governorates regarding the petrodollar, indicating that it was believed that the price difference per barrel goes completely to the funds of this project.[/size]
[size=45]This comes at a time when the Parliamentary Committee on Economy and Investment criticized the government's insistence on challenging the petrodollars, explaining that the status of these funds was obtained by the agreement of the Shiite forces with the relevant ministries.[/size]
[size=45]A member of the Finance Committee, MP Muhammad Al-Shabki, said in a statement to (Al-Mada), that "a misunderstanding has occurred between the government represented by the Ministry of Finance and some provinces regarding a material mentioned in the budget related to the petrodollar." Al-Shabki added, "A false belief prevailed that any increase in the price of a barrel fixed in the budget law, which is 45 dollars, goes to the petrodollar fund, and this is not true."[/size]
[size=45]He pointed out, "The confusion was addressed in the meeting that took place at the end of last week with Finance Minister Ali Abdel Amir Allawi, in the presence of agents and advisers."[/size]
[size=45]Al-Shabki noted, "The petrodollar project is not new, and we did not introduce it in the current year's budget, and what has been put in place now is just a mechanism to work in order to ensure the flow of funds to it."[/size]
[size=45]Al-Shabki went on to say that “a mechanism has been set up for petrodollar funds in order to revive the economic reality and provide services to the oil-producing governorates, and it is not aimed at obtaining all the surplus.” Last Thursday, the Finance Committee hosted the Minister of Finance and the advanced staff in the ministry, and discussed with him the implementation of the budget articles and the appeals against the law, according to an official statement received by Al-Mada.[/size]
[size=45]For his part, a member of the Economy and Investment Committee, MP Hamid Al-Moussawi, stated that "the development of a paragraph related to the allocation of petrodollar funds in the budget was based on the agreement of the Shiite political forces."[/size]
[size=45]Al-Moussawi added, in an interview with Al-Mada, that "this trend occurred as a result of the realization of those forces that the previous budgets did not do justice to the central and southern governorates."[/size]
[size=45]He pointed out, "The productive provinces continued to give Iraq the main and most prominent revenue for the budget, in return for that it did not get its dues."[/size]
[size=45]Al-Moussawi stressed, "The government is determined to proceed with its appeals on the issue of petrodollars, despite the suffering of the producing provinces from the lack of financial allocation and deprivation in services, the effects of which appeared significantly through the daily demonstrations to demand the improvement of electricity and water."[/size]
[size=45]He continues, "The House of Representatives was keen to allocate the paragraph of these funds as the least right that can be granted to the producing governorates, and it was established in coordination and agreement with the ministries of finance and oil." Al-Moussawi believes that “the reason for the government’s retreat from its position and proceeding with the appeal is the significant rise in the price of oil, which makes it want to monopolize the large difference between what is fixed in the budget and what it has reached in the global market, and not transfer it to the fund.”[/size]
[size=45]The government had challenged some articles of the budget law, including those related to petrodollar funds to support oil-producing governorates.[/size]
[size=45][You must be registered and logged in to see this link.]

    Current date/time is Tue 25 Jan 2022, 2:43 pm