Today, Tuesday, the Finance Committee of the House of Representatives revealed the fate of the remaining funds from the increase in oil prices.
Committee member Sadiq Madloul said in an interview with the "National News Center" that "according to the budget law, the surplus from the $145 price goes to the petro-dollar fund."
He added that "a part of it also goes to paying off debts and covering the fiscal deficit."
The federal general budget for the fiscal year 2021 decided to calculate oil revenues at $45 a barrel, while prices since its approval so far have reached more than $65 a barrel.
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