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The Parliamentary Finance Committee on Monday revealed that 5% of the surplus oil prices specified in the budget law will be allocated to the petrodollar project.
"The price of oil calculated in the general budget law is $45 per barrel, but now the price per barrel is $70, so 5% of the price difference has been allocated to the Petrodollar Fund project," committee member Sadiq Medel told Shafiq News.
"The Petrodollar Fund is intended for oil-producing provinces, and the remaining differences from the price set by the budget law go to paying the fiscal deficit for the 2021 budget and the first and second borrowings for 2020," he said.
"The availability of liquidity will make us go to the supplementary budget to complete the dues allocated to ministries and provinces according to the fiscal year," he said.
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"The price of oil calculated in the general budget law is $45 per barrel, but now the price per barrel is $70, so 5% of the price difference has been allocated to the Petrodollar Fund project," committee member Sadiq Medel told Shafiq News.
"The Petrodollar Fund is intended for oil-producing provinces, and the remaining differences from the price set by the budget law go to paying the fiscal deficit for the 2021 budget and the first and second borrowings for 2020," he said.
"The availability of liquidity will make us go to the supplementary budget to complete the dues allocated to ministries and provinces according to the fiscal year," he said.
[You must be registered and logged in to see this link.]
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