Tuesday, February 28, 2012

Outweigh the financial allocation citizens from oil revenues in June



Outweigh the financial allocation citizens from oil revenues in June

Ministry of Finance suggested that the distribution is 25% of projected increases in oil revenues to citizens during the month of June, noting that the process of distribution will be through the food distribution agents.

The ministry said that "the country's budget for 2012 includes the distribution of 25% of the increase in oil revenues to citizens, but can not the ministry announced the size of those payments now, because that depends on oil prices, and can not know until after the holy month of June."

The ministry said in the words of Deputy Minister Fadel Prophet "It is not known yet whether will increase the financial returns from the sale of oil or not, if increased, the best mechanism is the repetition of past experience when he was distributing money compensation for food rations to citizens, through agents of food" .

For his part, the Finance Committee member of the parliamentary Haitham al-Jubouri, the Committee pending the mechanisms to be provided by the Ministries of Finance and Planning for the distribution of the surplus of oil imports on the citizens to be chosen the most appropriate ones.
He Jubouri that the committee is waiting vehicles to be provided by the Ministries of Finance and Planning to be studied and discussed with these two ministries for the selection of the best and dependence in the distribution of funds to citizens, and said committee member, said there is a way previously used in the distribution of money through agents the ration card items, is worth mentioning that the members of the Board House of Representatives voted last Thursday, a paragraph included in the budget to allocate 25% of the surplus oil revenues to be distributed to the Iraqi people.

Link

No comments: