Iraqi Dinar Discussion Board

[Arctec]

Three trillion for oil and one for Electricity
Three trillion for oil and one for Electricity
Translated by IRAQdirectory.com - [21/02/2007]


Yunadim Kanna, member of the Investment and Construction Committee in the Parliament, said that the 2007 budget, which was approved by the Parliament last week, allocated three trillion dinars to the Ministry of Oil, while more than one trillion dinars were allocated to the Ministry of Electricity.

He added: "the budget allocated (2295) billion dinar to the Ministry of Education, (137) billion dinar to the Ministry of Agriculture, (466) to the Ministry of Works and Municipalities and (17) billion dinar to the Ministry of Environment".

The Parliament approved by majority the budget of 2007, last Thursday, before it adjourned its sessions for a month, concluding the works of the second legislative season.
Chairman of the Finance Committee in the Parliament, Dr. Ayad Assamurai, said earlier that "the Iraqi budget for the current year 2007 are estimated at (42) trillion dinars (42 A billion dinars), while the expenditures are (51.7) trillion with a deficit hit less than ten trillion dinars".