Likely delay in approving the federal budget because of the differences between the center and the region

Finance parliamentary likely delay in approving the federal budget because of the differences between the center and the region

26-11-2013 08:21 AM

likely delay in approving the federal budget because of the differences between the center and the region Baghdad (news) .. Suggested the parliamentary Finance Committee, the delay in approving the federal budget in the House of Representatives because of the differences between the center and the Kurdistan region on dues of companies operating in the region and deliver the oil revenues to the center. said committee member MP Abdul Hussein al-Yasiri (of the Agency news): that the budget is still in the cabinet and awaiting delivered to parliament after the completion of discussion within the Council of Ministers. added: that the differences between the Kurdistan Regional Government and the federal government about financial receivables for companies operating in the region and the allocations of the Peshmerga and the delivery of oil export revenues Kurdistan is still ongoing, stressing in the event of continuing without reaching a solution will lead to a delay in approving the budget. The proposed federal budget for the year 2014 amounting to 174 trillion Iraqi dinars, placed on the sale price of a barrel of oil at 90 dollars, and the rate of export (3.2) million barrels per day. / End

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