Parliamentary Economy: the disappearance of $ 18 billion of Iraq's budget for the current year

[yota691]

Parliamentary Economy: the disappearance of $ 18 billion of Iraq's budget for the current year

Oil refinery

Economy News Baghdad:  A member of the Parliamentary Committee on Economy, Jawad al-Bolani, Thursday, for the disappearance of about $ 18 billion from the budget of the financial state of this year, explaining that it resulted from ambiguity in the sale of oil and its derivatives revenues inside Iraq.  Bolani said in an interview with "new Arab" newspaper, published in London and seen by "Economy News", "about one million barrels of oil go from the daily production of the country to domestic consumption as derivatives oil and raw material for plants and factories, calculated at $ 44.5 at a rate of $ 18 billion annually" .  He added that "these amounts have not seen in the first official state budget nor in the subsequent supplementary budget was not included in the government's fiscal revenue from inside Iraq."  He called MP "the formation of a committee of concerned ministries and the parliament to investigate this great breach and the fate of the eight billionaires lost ten."  He added that "Parliament repeats the question on the government but no one answered, and this is one of the problems faced by the country is frequently a lack of millions of dollars a day from state revenues," noting that in the month, up funds lost value in general and supplementary budget to one billion and a half billion dollars. Accused of concealed this paragraph in the budget that he was involved in the process of corruption, according to him.  For his part, he said a spokesman for the Iraqi Oil Ministry, Assem Jihad, he "regretted the failure to address the MP and the concerned authorities to resort to the press with respect to its status," as he put it.  Jihad said that "deputy can be directed to an official inquiry company SOMO (Iraqi Oil Company) or the Ministry of Oil to respond to his inquiry easily." "For the consumer, paragraph oil production in Iraq is clear and it is included," apologizing for making any further details. "     Views 1298   Date Added 13/07/2017News

[mr.unlikely]

He finishes reading this article, puts down the iPad, shakes his head and goes to work.

[jg1]

When they say the money dissapeared, was that like magic. 

Or someone had the key to the safe and the responsible party and the money are gone.

Someone needs to be held accountable, follow through and consistency. Kinda like kids.

[3n1]

 this can't really be a shocker for Parliament .... can it ? sadly anywhere in the country where power or money is involved its knee deep in corruption i don't care how religious you claim to be and how many daily prayers you attend if it doesn't go from the head to the heart or vice versa  its just a legalistic religious ritual, christ strongest recorded words were not to the mary magdalene's or the cheating tax collectors of the day but it was to the religious zealots who kept people from being set free , its frustrating to watch a fledgling country / democracy struggle over the same issues over and over again ... welp that felt better and was all just my opinion , thanks again yota for the continual news hounding ..... peace       

[jg1]

Don't release the Frozen funds until this problem is taken care of

[jeepguy]

Think they had this problem 2 years ago, lost cash, then found , and some of the cash trails too crooks of the government, moving money to outside banks...

[skeetdog]

Thanks Yota...A 18 Billion dinar trail shouldn't be that hard to follow...Hopefully they already have a lead on the corruption and are just announcing that the problem has been noted...Kind of like when your Mom asked you a question about something...and you knew she already knew the answer....

[boosterbglee]

That's a lot of Dinero to just "disappear!"  I thought they had implemented a system of checks and balances just to get rid of things like this?

Seems like we have seen this story before! 

[okane]

Don't they use about that amount every year?  So why is that news worthy ? it should be accounted for.

[ChuckFinley]

23 minutes ago, skeetdog said:

Thanks Yota...A 18 Billion dinar trail shouldn't be that hard to follow...Hopefully they already have a lead on the corruption and are just announcing that the problem has been noted...Kind of like when your Mom asked you a question about something...and you knew she already knew the answer....

A skeetdog not that hard to follow, it end with Maliki.  

[Donziman]

Can you believe this guy has the perfect name.   Baloni  sounds like Baloney

[SnowGlobe7]

[yota691]

The disappearance of "18" billion of Iraq's budget for the current year

Number of readers: 157

 

 

The disappearance of "18" billion of Iraq's budget for the current year

 

13-07-2017 05:43 PM

 

Euphrates -

 

Revealed to the Economics Committee member of the parliamentary Jawad al-Bolani for the disappearance of about $ 18 billion from the budget of the financial state of this year.

Bolani said that about one million barrels of daily production goes to the country's domestic consumption and crude oil derivatives for laboratories and factories, calculated at $ 44.5 at a rate of $ 18 billion a year. He pointed out that these amounts did not see the first official state budget nor in the subsequent supplementary budget was not included in the financial revenues of the Iraqi government inside.

Bolani demanded the formation of a committee of concerned ministries and the parliament to investigate this great breach and the fate of eighteen lost billions.

[steveh12]

Check Marlarky's pockets!!

[Officiallytook]

This will show security when found...on a few fronts....

[yota691]

Because of the sale of oil revenues mystery .. deputy reveals "18" disappearance billion dollars from the budget this year !!

13-07-2017 02:45 PM

Number of readers: 3091

 

Baghdad News -

Revealed parliament member Jawad al - Bolani, the disappearance of about $ 18 billion from the budget of the financial state of this year, explaining that it resulted from ambiguity in the sale of oil and its derivatives revenues within the country. 

He called al - Bolani , in a press statement, the government of al - Abadi to disclose the fate of money hidden in front of public opinion. 


Bolani said, that 'about one million barrels of oil go from the country 's daily production to domestic consumption and crude oil derivatives for laboratories and factories, calculated at $ 44.5 at a rate of $ 18 billion annually.' 

He added that 'these amounts have not seen in the first official state budget nor in the subsequent supplementary budget was not included in the government 's fiscal revenues from inside Iraq.' 

He called al - Bolani, the formation of a committee of concerned ministries and the parliament to investigate this great breach and the fate of eighteen lost billions. 

He added that the 'Parliament repeats the question on the government , but no one answered , and this is one of the problems faced by the country is frequently a lack of millions of dollars a day from state revenues', noting that in the month , up funds lost value in general and supplementary budget to one billion and a half billion dollars. 


Accused of concealed this paragraph in the budget that he was involved in the process of corruption, according to him.
 

And racked Iraq since the US occupation crisis, a major corruption in state institutions caused the loss of about $ 850 billion, according to US reports Iraqi financial institutions, and squandered most of them during the governments of Nuri al-Maliki, the first and second in the period between 2006 and 2014.

[yota691]

Parliamentary Economy: 30% of oil revenues acted without transparency

MP Fares Fares

Economy News Baghdad:  Economic Commission announced in the House of Representatives on Saturday that 30% of oil revenues acted without transparency, calling for making oil money at the disposal of the Ministry of Finance. The decision of the Parliamentary Economic Committee, Fares Fares in an interview for "Economy News", "30% of oil revenues acted without transparency amid uncertainty hangs over the exchange mechanism by the Ministry of Oil." He said he was "supposed to go the money to the Ministry of Finance to scrutinize and follow up, but this does not happen on the ground, which constitutes our substantial doubt on the money disappeared," noting that "70% of oil revenues within Iraq's budget, while constitute 30% of expenses for companies investment. " He was a member of the Parliamentary Committee on Economy, Jawad al-Bolani, revealed last Thursday, for the disappearance of about $ 18 billion from the budget of the financial state of this year, explaining that it resulted from ambiguity in the sale of oil and its derivatives revenues inside Iraq.  From: Walid Marsoumy   Views 347   Date Added 15/07/2017