Parliamentary Finance blew up a surprise on the size of the benefits of loans and compensations Kuwait by 2019 budget

Politics    12.11.2018 10:44  1128    Editor: Mos

Baghdad today _ follow-up

The Finance Committee of the parliamentary, Tuesday (11 December 2018), the size of the benefits of loans and compensations Kuwait in the Iraqi federal budget for 2019.

“The size of the interest of loans payable in the General Budget Law is estimated at 11 trillion dinars, or about 10 billion dollars, in addition to one and a half billion dollars in compensation for Kuwait,” said the head of the committee.

Qaddo revealed that “a proposal submitted by his committee to the government to form a negotiating delegation to visit Kuwait in order to postpone payment.”

On the price of oil, Qadu said that “the Iraqi state is facing unstable conditions after the drop in oil prices globally.” He added: “We may be forced to reduce the price of a barrel of oil in the draft budget law to $ 51 per barrel instead of $ 56.

The MP pointed out that “this measure will increase the proportion of deficit in the federal budget law to (35) trillion dinars, or more than (30) billion dollars,” adding that “what we are working on at the moment to complete the vote on the budget law before the end of the year “He said.

He pointed out that “the legislative holiday of Parliament will be on the third of next month, but the Parliament will be forced to extend its legislative term until the adoption of the federal budget law,” stressing that “the budget needs to review and time before the offer to vote.”

On Thursday, September 13, 2018, the State of Kuwait provided a grant to Iraq under the guidance of its Emir Sheikh Sabah Al-Ahmad Al-Sabah, which included four ambulances and medical equipment worth up to $ 1.8 million.

“The grant was presented at an official ceremony in the Green Zone in Baghdad, attended by the Secretary General of the Iraqi Council of Ministers Mehdi Alalak, Kuwaiti Ambassador to Iraq Salim Al Zamanan, a number of Iraqi officials and a representative of the Kuwait Red Crescent Society, .

Al-Alak said during the ceremony that “the grant of these ambulances comes within the framework of the continued support of Kuwait to the humanitarian file in the liberated provinces of what is called the organization of a preacher.”

“The donation is part of Kuwait’s assistance to the brothers in Iraq, as part of Kuwait’s campaign beside you, launched by the Emir of Kuwait, to confront the difficult circumstances caused by the terror of the preachers in some areas of Iraq,” Ambassador Zamanan said.

The Kuwaiti agency said that “the grant is provided by the Kuwaiti Red Crescent Society, to the provinces of Anbar, Nineveh, Kirkuk and Salahuddin;

At the Iraq Reconstruction Conference on February 14, 2018, Kuwait announced the provision of $ 2 billion to Iraq in the form of loans and investments to contribute to its reconstruction efforts.

A total of $ 30 billion was pledged by 76 countries and regional, international and local organizations.


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