Document .. Draft budget for 2018 reveals the reduction of the share of the region


 

Release date: 2017/10/31 23:45 • 40 times scheduled
[Ayn-Baghdad] The
documents of draft draft law of the state budget for the year 2018, on Tuesday, the total value and deficit, in addition to reducing the proportion of the Kurdistan region.
According to the documents, the total revenue was estimated at 5 trillions and 331 million dinars at 43.4 dollars per barrel of oil, with a production capacity of 3 million and 888 thousand barrels, including about 73 trillion dinars of oil revenues.
She added that the total expenditure estimated at 108 trillion and 113 million and 913 thousand and 506 dinars, while the budget deficit amounted to 22 trillion and 782 million and 913 thousand and 506 dinars, while the share of the Kurdistan region to 12.67% only after it was 17%.
The draft budget law is based on the rate of export of oil of 3 million and 800 thousand barrels per day, including 250 thousand barrels of oil in the Kurdistan region, and 300 thousand barrels of Kirkuk oil, where the budget was built on the basis of the price of a barrel estimated at about $ 43, As oil remains the largest supplier of the budget.
The documents pointed out that the share of the Kurdistan region was developed according to the souls of each province of the region, and when any increase or decrease in the total expenditures of the federal budget will add or decrease the share of the provinces of the region proportionate with the increase or decrease.
It is noteworthy that the reduction of the quota share of Kurdistan in the budget of 2018 is the first since 2003, where 17% of the political agreement, but after the imposition of federal authority recently in the province of Kirkuk and disputed areas.
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