House of Representatives Article 45 in the budget will increase state revenues




Views 26 Date 06/11/2016 - 22:24


Economy News / Baghdad

He said a member of the Finance Committee Haitham al - Jubouri , the contribution of Article 45 of the draft federal budget law for 2017 to increase state revenues.

Jubouri said Article 45 contributes to increasing the public treasury revenues to the state, where this article has allowed the Finance Ministry to sell its share of the agricultural land to the owners of rights

He added that "this increase will contribute effectively to supplement the budget with financial resources and their contribution to the increase in the Ministry of Finance revenue

The Article 45 of the draft federal budget for 2017 , the law has included:

First - the Ministry of Finance to sell its stake of farmland without fragmentation or division of which are located outside the boundaries of the Municipality of Baghdad or the municipalities and the exhaust rights to the owners of those specified by law unify varieties Lands Country No. 53 of Law 1976 real allowance determined by committees estimation problem under the sale and lease of state property law No. 21 of 2013.

Second - the buyer is committed to the following conditions:

The exploitation of the land for agricultural production.

Lack of secretion or the division of farmland.

Not to sell the land to a third party only after the introduction of the new buyer a written acknowledgment of fundamentalist in the real estate registration department to exploit the land for agricultural purposes

Third -aly the Ministry of Finance restore the land and the abolition of the sales contract without compensating the buyer in the event of breach of the conditions specified by law.

Fourth At the absence of the desire of the owner of the right to dispose purchased the land during a maximum period of sixty days from the date of declaration of the Ministry of Finance desire to sell Vtad leased him allowance rent assessed by the Committee on the under - item {first} of this article and otherwise declares the Ministry of Finance said land for sale or rent bid public

Fifth -aly the Minister of Finance in coordination with the Minister of Agriculture to issue instructions for the implementation of this article , following the approval of the Cabinet

AJ
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