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Urgent: for the first time in the history of Iraq budget provides for the distribution of cash from oil exports increase to citizens

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gente

gente

Urgent: for the first time in the history of Iraq budget provides for the distribution of cash from oil exports increase to citizens


Thursday, 23 February 2012 23: 34

Each agency was informed Iraq [where] the financial budget law approved by the House Wednesday night, commits the Government to distribute cash to people for the first time in the history of Iraq.

This clause stipulates that "the Federal Cabinet to allocate 25% of the increase in revenues from exports of crude oil exported achieved during 2012 after payment of disability and deposited in a fund distributes cash to interests of the Iraqi people.

The law provides that regulates by directives issued by the Minister of finance, in coordination with the Minister of planning during the six months.


gente

gente


Parliament will vote on a proposal to allocate 25% of the chest's revenues from oil to citizens



Sadrists announced on Thursday that the House of Representatives voted on the proposal of the current leader Moqtada al-Sadr to allocate 25% of the oil's revenues earned during the year 2012 for the citizens. The head of the bloc, Bahaa al-Ahrar, during a press conference held at Parliament House and attended by "Alsumaria News", "House of Representatives voted by majority on a proposal to distribute the Sadr movement's Margin of 25% derived from oil exports to citizens." Araji said that "the paragraph that provides for the application proposed in the budget law requires (1) the Council of Ministers in the federal government to agree to allocate 25% of the increase in revenues from exports of crude oil during the year 2012, (2) after payment of the budget deficit," adding that "(3) the money will be deposited in the Fund shall be distributed in cash to the Iraqi people and (4) the instructions of the Minister of Finance, in coordination with the Minister of Planning. "

The Iraqi Council of Representatives held this morning, its the 25 of the second legislative term of the year the second legislative, headed by Speaker Osama Najafi and the presence of 219 deputies to vote on the law of the financial budget for the year 2012, and vote on the decision of the enactment of the National Authority for People with Special Needs as an independent body, and the balance in State institutions, and the draft law on ratification of the Government of the Republic of Iraq to the Convention on trade and economic cooperation, scientific and technical and cultural cooperation between the Government of the Republic of Iraq and the Government of the Republic of Azerbaijan, and vote on bills accession of the Republic of Iraq to the Arab Charter of Human Rights issued by the League of Arab States in 2004, and the fight against trafficking in human beings, Endowment and the Shiite and Sunni, and Christians, Yazidis and Sabean Mandaeans.

And threatened to block free of the Sadrist movement, on February 21, the current, not to vote on the budget for 2012 in the absence of modifications include the allocation of additional funds for the citizens of surplus budgets of previous years.
The Sadrist movement, on 12 September 2011, that the Iraqi government agreed to the terms of its leader, Moqtada al-Sadr made ​​in the fifth of September the current return to postpone the demonstration millions, as pointed out that the demonstration on Friday will be thankful to the government and the political blocs in the case of dealing with these demands seriously before time and request withdrawal of U.S. troops on time.

The cleric Moqtada al-Sadr, select, on the fifth of September 2011, three conditions for the postponement of the demonstration, millions claim to improve services, stressing that those conditions include give a share of Iraqi oil to every citizen and run for at least fifty thousand unemployed in all the provinces and the distribution of fuel to the generator in all provinces for free before they are improving the situation of electricity in those areas.



Panhead

Panhead
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bout friggin time.......good find Gente

windreader1



Budget is based on $85 dollars per barrel. Believe the wording indicates that the citizens will get 25% of any revenue that is in excess of $85 dollars which was $106 today.

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