Monday, April 30, 2012

MP Najib likely to get a surplus in oil revenues and expects to distribute to the people in the next July

  Monday 30/04/2012

Baghdad (news) .. Suggested by the Finance Committee MP / Kurdish coalition blocs / Najiba Najib for a large financial surplus due to increased global price of oil, pointing to the possibility of financial abundance distribution derived from oil sales to the people the middle of the current year.
The answer (of the Agency news) said on Monday: The draft law distribution of oil revenues on the people providing for the allocation (25%) of surplus revenues generated from oil sales and distribution of cash to the people through the development of a specific mechanism by the Ministries of Finance and Planning.

She added that the abundance of Finance will appear in the middle of this year, specifically at the end of next June will be assembled in a box and add the money (25%) of the increase achieved in the abundance of Finance last year, and is distributed at the beginning of the month of July next, either through the ration card or by other means determined by the Ministry of Planning and Finance.

Predicted MP Najib: access and availability of large financial in the middle of this year, the fact that the current budget were based on the price of a barrel of oil (85) dollars, while world oil prices is now estimated at (125) dollars per barrel of oil; the increase so far about b (40 ) dollars per barrel of oil one, and no one can predict how each person's share of this money unless it has ascertained the financial abundance at the end of next June. / Finished / 8. d. Q /