Kurdish minister: 12 trillion dinars to balance the region's share in 2016 and a new agreement must be held
Kurdish minister in the federal government revealed the allocation of 12 trillion and 600 billion dinars as a share of the Kurdistan region in the financial budget of the state for the year 2016.
The Minister of Culture and Tourism Faryad Roandzi Sunday, in a press statement, that "the Kurdistan region's share amounting to 17 percent set in the new budget, in exchange for the issue of the Kurdistan region a day 550 000 barrels of oil province across the SOMO," explaining that "According to the project, the Baghdad and Erbil commitment to the Convention and the state of breach of any party out, the right of the counterparty regarded as non-binding.
"Called" delegation provincial government to speed up to go to Baghdad in order to sign a new agreement to ensure the region's share of the draft federal budget for fiscal year 2016 Act.
"He explained Roandzi, that" The total share of the Kurdistan region in the budget for 2016, up to 18 trillion dinars, asking sovereign expenses covered and others, the share of the region 12 trillion and 600 billion dinars, "adding that" balancing the Peshmerga within the sovereign expenses covered not undergone any change.
"He emphasized, that "the draft federal budget law will be referred again to the financial and Zarah and then the Prime Minister and refer it to the House of Representatives in the next week."
It is said that the Cabinet approved at its special session today, the draft federal budget for fiscal year 2016, amounting to 106 trillion dinars, The deficit is estimated with 23 Trliuna.
The Ministry of Finance estimated the average oil price in the 2016 budget to $ 45, and the export of 3.6 million barrels per day, as pointed out that budget revenues will amount to more than 84 thousand trillion and 73 billion Danar.anthy http://www.alliraqnews.com/modules/n...&storyid=18612