URGENT: for the first time in the history of Iraq, the budget provides for the distribution of cash from oil exports increase on the citizens

Thursday, February 23, 2012 23:34

Agency learned of all of Iraq [where] the law of the financial budget approved by the House of Representatives tonight obliging the government to distribute cash money on the people and for the first time in the history of Iraq.

And provided a special paragraph so that the “Federal Council of Ministers on the allocation of 25% of the increase in revenues from exports of crude oil source generated during the year 2012 after the payment of disability and shall be deposited in the fund be distributed in cash for the interest of the Iraqi people.

The law that regulates the instructions issued by the Minister of Finance incoordination with the Minister of Planning within six months. / End