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[size=30]Basra is suing the finances to obtain funds equivalent to one-fifth of Iraq's budget
2022-08-15
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Yes Iraq: Baghdad
Representatives of Basra Governorate registered a legal case against the Iraqi Federal Ministry of Finance, due to the ministry's failure to exchange 22 trillion dinars from the petrodollar budget for the province over recent years.
The Iraqi MP from Basra Governorate, Ahmed Al-Rubaie, confirmed that Basra’s deputies filed a lawsuit against the Iraqi Finance Minister, Ali Allawi, for his failure to exchange the province’s share of the petrodollar budget, which exceeds the value of the accumulated amount of which is 22 trillion dinars.
Ahmed Al-Rubaie explained that these accumulated amounts from the petro-dollar budget were not disbursed in recent years, but small amounts were disbursed to Basra and in varying periods, noting that they called the Federal Ministry of Finance several times to release the disbursement of those funds, especially since Basra is affected by the effects of oil exports on its environment. and its transportation methods.
According to the Iraqi Federal Budget Law for the year 2021, 5% of oil revenues must be spent on oil-producing governorates and spend these amounts on projects to serve those governorates.
The 20 trillion is equivalent to 20% of Iraq's annual budget.
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