Parliamentary Finance hosts ministers of oil and electricity Thursday

January 14, 2015, 11:24
 



Parliamentary Finance Committee, announced Wednesday, will host the ministers of oil and electricity on Thursday, while confirming the formation of a subcommittee to review the formulation of the general budget for the current year the law.

Said committee member Majda al-Tamimi told the Lord's ((eighth day)), that "the Commission held a meeting today and decided to form a sub-committee within them to review the formulation of the general budget for the current year the law," indicating that "the Sub-Committee will begin its work on Thursday."

She added that "the Commission will host the Minister of Electricity Qassim Fahdawi Oil Minister Adel Abdul-Mahdi to identify the proportion of low Osar oil and its impact on the budget," emphasizing the need for "budget accounts operate on the basis of the sale of a barrel of oil up to $ 30, so do not Ntfaji continuous land prices ".

Tamimi stressed the need to "keep the basic paragraphs in the budget and the exclusion of the money you spend for investment projects, most of which are corrupt."

The Oil Minister Adel Abdul-Mahdi on Tuesday accused, regional states unnamed not to allow for the arrival of the oil to the real prices, while the leader of the Supreme Council and Transport Minister Baqer al-Zubaidi, warned in (January 9, 2015), from the reaction of "fueling the fire" in the Gulf if Lower oil prices continued to below forty dollars per barrel.

It is noteworthy that global oil prices have seen a significant decrease is the first of its kind in five years, resulting in damage to the budgets of many countries, including Iraq.


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