Parliamentary Finance reveals the allocation of 5% of the oil surplus to the Petrodollar Fund


politicspetrodollarexcess oil 2021-07-05 09:45A-AA+

Shafaq News/ The Parliamentary Finance Committee revealed, on Monday, the allocation of 5% of the surplus oil prices specified in the budget law to the petrodollar project.

Committee member Sadiq Madloul told Shafaq News Agency, “The price of oil calculated in the general budget law is 45 dollars per barrel, but now the price of a barrel has reached 70 dollars, so 5% of the price difference has been allocated to the Petrodollar Fund project.”

He added that “the petrodollar fund is dedicated to the oil-producing governorates, and the remaining differences from the price specified in the budget law go to paying the fiscal deficit for the 2021 budget and the first and second borrowing for the year 2020”.

And he indicated, “The availability of financial liquidity will make us go to the supplementary budget to complete the dues allocated to the ministries and governorates according to the fiscal year.”

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%AA%D8%AE%D8%B5%D9%8A%D8%B5-5-%D9%85%D9%86-%D9%81%D8%A7-%D8%B6-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%84%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D8%AF%D9%88%D9%84%D8%A7%D8%B1

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