$ 16 billion for oil companies from the budget of 2014 and the low investment of 3%

10/06/2013 (00:01 pm)



BAGHDAD / Mohammad Sabah

She Finance Committee parliamentary disappointment of the percentage of completion ministries of last year's budget, which amounted to only 27%, as revealed that the estimated value of the budget in 2014 amounted to 150 billion dollars at $ 90 a barrel and the quantity of export is estimated at 3.0005 million barrel per day, pointing out that the first draft of the budget included a decrease in the investment part, to 36% after it was in last year's budget 39%, while the operating budget for the next year 63% bonus includes students retroactively and allowances for retirement.

With included the first draft prepared by the Ministry of Planning and it is hoped to be approved by the Council of Ministers this week, $ 16 billion كمخصصات for oil companies operating across the country, the share of companies operating in the Kurdistan region of billion dollars, while not include the salaries of the Peshmerga, which is contrary to the agreement between the Baghdad and Erbil, according to one of the members of the Kurdistan Alliance.


A member of the Finance Committee parliamentary Magda al-Tamimi said in an interview with the "long" The draft federal budget law for 2014, sent by the Ministry of Finance to the General Secretariat of the Council of Ministers on 09.16.2013, pointing out that the project did not come up for discussion within the Council of Ministers to now.

Tamimi added that "the debate on this project requires time ranges from two to three weeks and then sent to the House of Representatives or be returned to the Ministry of Finance said that there were changes that may have occurred upon by the Council of Ministers."

She added that "the budget in 2014 which increase the operational budget, which amounted to 63% and a decrease in the investment budget and up to 36%, while the investment in the last year's budget ranging between 38 and 39%."

 She pointed out that "the total federal budget for the year 2014 amounted to 174 trillion dinars, about $ 150 billion," asserting that this budget will give students and retroactively as allocated trillion dinars accrued to oil companies operating in the Kurdistan region and wait BSA completion of the preparation of the report final report on these benefits, "pointing out that" the percentage of completion of the ministries and state institutions amounted to 27%, according to the final report issued by the Ministry of Planning and without advances.

 "it explained the Kurdistan Alliance MP Najiba Najib said the draft budget included granting students and increase the salaries of employees and retirees, While allocated funds estimated at 16 trillion dinars receivables for oil companies operating across the country.

Said Najib in connection with the "long" The Council of Ministers distributed Finally copies of the draft budget law to his ministers in order to prepare for discussion at the earliest possible opportunity this week or next, noting that the Minister of State for Parliamentary Affairs Safaa Net told parliament that the cabinet will approve the the draft budget during this week. "


She a member of the Finance Committee in Parliament Najiba Najib that "there are numbers exist in the budget for 2014 came according to the vision of the Ministries of Planning and Finance will not be final, and therefore possible to change during the discussion in the Council of Ministers and we can not be considered an official not in the event of a vote the government out and sent to the parliament" .

 He added that the budget for 2014 amounted to 174 trillion Iraqi dinars, on the basis of calculating the price of a barrel of oil at $ 90, the amount of the export of three million and five hundred thousand barrels per day, pointing out that the Kurdistan region's share of the budget included 17%. "

She explained that "entitlements oil companies operating in Kurdistan did not put them only trillion dinars ($ billion) and this is contrary to the agreement signed between the provincial government and the federal regarding the payment of all dues, amounting to four trillion and three hundred billion dinars to the year 2013."

Najib demanded the federal government commitment to the agreements signed with the Kurdistan Regional Government in the payment of the debt of oil companies and the salaries of the Peshmerga in the budget year 2013, adding that these financial benefits are not all included in the budget 2014.

It showed that "there are 16 trillion dinars allocated in the budget of the year 2014 accrued to oil companies operating in the center and south," noting that the granting of university students and students with increased salaries of employees of the lower and retired the (trillion four hundred billion dinars for retirees only) ensured all in the budget year 2014 . "


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