Cabinet agrees to modify the amount of petro-dollar to five dollars
Cabinet agrees to modify the amount of petro-dollar to five dollars
28/01/2014 19:19
Follow-up – and babysit – The Council of Ministers approved, the amendment of the amount of petro-dollar to five dollars, while using the revenue border crossing points to the provinces not covered by the petro-dollars in unnecessary expenses.
He said a cabinet statement issued on Tuesday, received news agency public opinion (and babysit) a copy of it, “The Council of Ministers approved the amendment of Article (2 / I / e) of the draft law on the federal budget of the Republic of Iraq for the fiscal year 2014, according to the formula contained In the book and the Ministry of Finance with the number 674, dated 01.20.2014 and notice of the House of Representatives so with an adjustable amount to the equivalent of the amount planned for the $ 5 petrodollar “he said, adding that the Council decided to” deal with the deficit tours or Bills locker establishment of the central bank to buy permits or bonds and provide all the facilities in this area, and the amendments proposed by the minister. ”
The statement pointed out that the face of the Council that the “border crossings used revenues to the provinces not covered by the petro-dollars for the development of border crossings and other necessary expenses.”
“The Council approved the amendment of Article (4) of the budget bill, including grants and Federal Minister of Finance the power to conduct transfers between funds of the federal budget of the Republic of Iraq ratified in the federal budget at the level of the doors and each individual case,” pointing out that the said amendment grants Minister of Finance, “the right to authorize the ministers and heads of departments not associated with the province the power to conduct transfers between the sections and chapters and the types and sequence type among other provisions except for credit investment projects, that does not carry all the allocations of project expenditure of capital to current expenditure.” x / y
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