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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

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Established in 2006 as a Community of Reality

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Parliamentary finances reveal the allocation of 5% of the surplus oil to the Petrodollar Fund

rocky
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parliamentary - Parliamentary finances reveal the allocation of 5% of the surplus oil to the Petrodollar Fund Empty Parliamentary finances reveal the allocation of 5% of the surplus oil to the Petrodollar Fund

Post by rocky Mon 05 Jul 2021, 2:06 pm

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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