An official statement: Cabinet approves the budget and referred to parliament

An official statement: Cabinet approves the budget and referred to parliament

Wednesday, 15 January 2014 16:25

Cabinet approves the budget and referred to parliament[Baghdad – where]

An official statement said that the Council of Ministers approved the draft law on the budget for fiscal 2014.

According to a statement of the Council received by all of Iraq [where] a copy of it on Wednesday that “the Council of Ministers held its regular in Baghdad today under the chairmanship of Prime Minister Nuri al-Maliki, and issued a number of decisions, including the decision to ratify the Almoisnma as follows:

1 – Approval of the draft general budget of the Federal Republic of Iraq for the fiscal year 2014, and referred to the House of Representatives, according to the provisions of Articles [61 / I and item 80 / item II of the Constitution, taking into account some of the amendments approved by the Council, including:

A – be exporting crude oil producer in the Kurdistan region by SOMO exclusively by multifactorial and approved with the participation of representatives of the province in the pricing committee.

B – Amend paragraph II of Article [10] and read: committed instead of the …

C – deletes paragraph tail Third, Fourth, Fifth, Article [10]: From the display …. To the last paragraph.

D – delete Article [23] of the budget bill.

E – amounts exclude federal contracts for oil companies [16 trillion dinars and companies province [900 billion dinars of sovereign expenditure and be re-calculated on the basis of the region’s share of 17% of the amount of investment firms and this paragraph are permanent. . ended.