Parliamentary economy confirm the existence of differences between the value of oil exports, and the funds deposited to the account of the Ministry of Finance




31/10/2016 (0:01 pm) - The number of readings: 151


Baghdad / Mohammad Sabah

A commission of Economy in the House of Representatives, on Sunday, the existence of differences between the imports of oil sales registered in the Ministry of Oil accounts and funds deposited in the Ministry of Finance account and confirmed that those differences I noted a few years ago, with the Finance Committee and described accounts and garment oil as "transparent" , it acknowledged the existence of "simple" differences between registered and deposited imports.

A member of the Economic Committee in the House of Representatives Jawad al-Bolani said in an interview for "long-Presse", "The economic and financial committees are obliged to disclose facts that pass without referring year after year that are related to the existence of differences between the value of oil exports recorded by the Ministry of Oil, and the funds deposited for the account of the Ministry of Finance for those exports. "

He said al-Bolani, that "the financial value of imports for oil export in the general budget for 2017 amounting to 67 trillion dinars," stressing that "the amounts that will go to the Ministry of Finance of those funds account after passing in the Fund (DFI) is less than that, as happened during the the past three years. "

For his part, member of the Finance Committee in the House of Representatives Masood Haider in an interview with (long-Presse), "The Ministry of Oil transparent in the calculation of the amount of oil, where that information goes in detail to the Central Bank and then that money goes to fund (DFI) and then turned again to the central bank, which in turn converts it to the Ministry of Finance. "

He added that "the process takes 60 days," adding that "there are differences in the value of money, but it's very simple."

Haider said that "the general budget for 2017 amounted to 100 trillion dinars oil revenues Tkdrb 67.5 trillion dinars and 11.6 trillion dinars in non-oil revenues and a deficit of 21%," adding that "the total foreign loans in the budget is 5.6 trillion dinars."

And that "oil production ceiling in the budget amounted to 3.75 million barrels, including 550,000 barrels of the Kurdistan region, pointing out that" the price of the estimated budget of $ 42 a barrel. "

He called on Iraqi Prime Minister Haider al-Abadi, Saturday (October 1, 2016), to "fight corruption and control" over public spending, and as pointed out that oil imports are still without employees and pensions, he stressed that the total losses caused by the organization (Daesh) in Iraq reached $ 35 billion with the exception of the city of Mosul.

The parliamentary Finance Committee confirmed on Monday (October 24, 2016), that the federal budget for 2017, lacked a "realistic visions and practical solutions" in dealing with the financial crisis taking place in Iraq, noting that some of the items of the budget needed to be reviewed to provide job opportunities operations citizens and activate the investment side, as expressed surprise at the budget included paragraphs specializes in the support of foreign oil companies and the negligence of the private sector, stressed the need to pay dues to support farmers and security forces.

The House Speaker Salim al-Jubouri, announced Sunday (October 23, 2016), received the presidency of the parliament finance the budget law for next year 2017, as amended by the Council of Ministers, in the face of its inclusion on the agenda of the 25th session to be held on Monday.

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