The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates

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The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates

Individual from the Parliamentary Oil and Regular Assets Board, Bassem Al-Gharibawi, affirmed on Wednesday that the transcend the cost kept in the financial plan requires the public authority to move part of this increment to the oil-creating governorates to fill the shortage in their spending plans and complete slacking projects.

Al-Gharibawi told , “Oil costs have recorded a critical increment as of late, and they have not tumbled to levels lower than what was kept in the spending plan. Thusly, the subsequent increment requires the public authority to move it to the delivering governorates to fill the shortage in its spending plan.”

He added, “Iraq is finishing the extension to the fifth permitting round and continuing with the 6th round apportioned for gas projects, and these ventures will add new incomes to the country.”

That’s what he expressed “the oil-delivering governorates have cash owed by the public authority since the previous years, and this cash adds to finishing slacking activities and filling the shortfall in their spending plans, the most conspicuous of which is Wasit, for which the public authority has mentioned one trillion and 500 billion dinars beginning around 2011.”