MPs to vote on budget bill tomorrow; Oil revenue allocation provides citizens 10m IQD ($8,500 US) each

[nathan1606]

sorry if this is a repost ........ Posted: February 22, 2012 MPs to vote on budget bill tomorrow; Oil revenue allocation provides citizens 10m IQD ($8,500 US) eachPosted: February 22, 2012 in Iraqi Dinar/Politics

Tags: Arabization, Iraqi dinar, Iraqi Kurdistan, Kurdish people, kurdistan, Kurdistan Regional government, Saddam Hussein, United States Senate Committee on Finance ERBIL, Feb. 22 (AKnews) – MPs will vote on the budget bill tomorrow after receiving the Finance Committee’s final report on the proposed legislation.

Second Deputy Speaker of the House of Representatives Aref Tayfur said no parties, including the Kurds, have objected to the bill as a whole.

Kurdish MP and member of the Finance Committee Najiba Najib said another article was added to the bill earlier concerning compensation for citizens who lost their property as a result of Saddam Hussein’s Arabization policy. According to the article, compensation will be awarded provided that the court supports the claim.

AKnews previously reported that 52bn IQD ($45m) has been allotted to the budget to reimburse families affected by Arabization. Kurdish politician Shorsh Haji said this figure was sufficient for “only 5,000 families”.

“The total number of families to be compensated reaches almost 650,000 in the Kurdistan region alone,” he said at the time.

Reports estimate each family will be given 10m IQD ($8,500).

According to the final report of the Finance Committee the budget stands at 117tr IQD ($100bn). Some 19.8tr ($17bn), equivalent to 17 percent, will go to the Kurdistan Regional Government.

The news follows renewed threats from Ahrar parliamentary bloc to boycott the budget vote unless its demands are met.

http://bit.ly/wqTaIq

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[Patriotic_mess]

Sounds like all the issues have been ironed out, I'm excited to see if they go through with it tommorow!

[watercop]

Here is more on the subject that I found. I think it fits in here.

Economy

Araji: distributing former budgets surplus on the people, our requirement to vote on the budget

21/02/2012 14:51:00

Baghdad (NINA) – Head of the Ahrar bloc, Bahaa Al Araji, said his bloc requires distributing the surplus of the former budgets, 126 trillion dinars, on the people to vote for the budget.

He said during a press conference in the Parliament today “there is a surplus of the budgets since 2003 till now and they need to be distributed on the Iraqi people, cash and in hand, for each citizen.

He added that his bloc will not vote on the budget unless the competent authorities distributed the surplus of the former budgets.

The Parliament is due to vote on the budget next Thursday on the 2012 budget. /End/

http://www.ninanews.com/english/News_Details.asp?ar95_VQ=FKGDDL

[trooper]

Parliamentary Finance approves the allocation of 2% of its oil revenues to Iraqi citizens

Follow-up - and babysit - The Finance Committee that it had agreed to be a financial allocation of 2% of oil revenues and the budget included and distributed to the Iraqi people.

The MP said the Liberal bloc Zamili governor: "The bloc demanded that the money given to the citizen and not as items in cash and then do not apply."

He said: "This is followed in most of the contexts of the world that are Musdarat oil."

He said: "Among the applications approved by the Committee of Finance has to be within the current budget and functional scores at least 50 thousand degrees"

http://translate.goo...y.com/43593.htm

[watercop]

Thanks Trooper maybe this works and all demands are met

[Carrello]

Thanks Trooper maybe this works and all demands are met

Thanks watercop.

[trooper]

Thanks Trooper maybe this works and all demands are met

Thank you, sooner or later somebody will have to get it right...