Dinar Iraq News
Finance Committee Member projects 2014 budget will be sent to parliament this week
Posted: December 16, 2013
Finance: The government will send a budget this week
Ahmed Mohamed parliamentary Finance Committee announced that the
government will send a draft law on the federal budget to the House of
Representatives during the current week.
She said the adoption of the budget discussions will take two months
at least. Committee Chairman MP Haider al-Abadi’s «future» yesterday
that according to our information, the draft general budget of the
federal government will reach to parliament during the current week.
He noted that the budget that next year include a large deficit up to
more than 27 trillion dinars, and there is a real problem in the
production of oil, especially from the fields of Kirkuk and the
Kurdistan region of not exporting any barrel of them this year.
Added Abadi said the federal budget for the year 2014 amounted to 174
trillion Iraqi dinars at a rate of deficit 27 trillion dinars
calculates the price of a barrel of oil at $ 90 and the rate of export
of 3.5 million barrels per day. between the solution to the outstanding
problems between the federal government and the Kurdistan region on dues
oil companies and the salaries of the Peshmerga and the region’s share
of the budget Sistnzv discussions approval of the budget law, because of
the parties to their position.
But MP Kurdistan Alliance and a member of the parliamentary Finance
Committee Najeebeh Najib said the initial draft of the Code of Federal
budget included $ 16 billion in provisions for the oil companies
operating in the country including the billion dollars for the companies
in the Kurdistan region did not include the salaries of the Peshmerga
what is contrary to the agreement between Baghdad and Erbil. added
Najib’s « Future »yesterday that the share of the Kurdistan region of
the federal budget included 17%. They pointed out that the financial
benefits of the province owed the federal government did not include
all of them in the budget of 2014.
Showed that dues decades oil companies operating in the Kurdistan
region did not allocate them only a trillion dinars ($ billion),
contrary to the agreement signed between the provincial government and
the federal on payment of all dues, amounting to four trillion and 300
billion dinars until the year 2013, demanding the federal government
commitment to the agreements signed with the provincial government to
pay the debts of the oil companies and the salaries of the Peshmerga in
the budget year 2013
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