Allocated according to the draft 2016 budget of the Ministry of Finance more than 30 trillion dinars for regional development projects Of this amount, 1.7 trillion of oil-producing provinces as part of the petro-dollar project.
The draft law submitted by the Ministry of Finance last week to the Council of Ministers "to allocate 1 trillion and 747 billion and 762 million dinars for the reconstruction and development projects regions and provinces, including Kurdistan region to be a customization according to the population of each province."
According to the draft, "the provision of age to maintain the province and districts, counties have a plan approved by the Provincial Council of depending on the plans set by the Board of the province and respects to the Federal Ministry of Planning for the purpose of examination and approval."
She pointed out that "takes into account these plans are most affected in the province areas and that the distribution of the province on the case and aspects of the associated disciplines according to population ratios after excluding strategic projects that more than a hand or spend a benefit that does not cost the new strategic projects of more than 20 percent of the province allocations ".
And remember that the draft budget on "The governor strictly implement the approved reconstruction plan and assume responsibility for implementation of the provincial council control."
The budget bill puts the plan for the implementation of previous resolutions on the 5 dollars to the oil-producing provinces.
It has stated that the amount depends equivalent of $ 2 for every barrel of crude oil Manantj in the province and $ 2 per barrel of crude oil refined in refineries to maintain and $ 2 for each 150 cubic meters of natural gas in the province. "
It also provides law that "allocates $ 1 trillion and 752 billion and 238 million dinars as projects to the provinces and territories from producer out of allocations referred to in Article 2 of the law and the governor after the provincial council authentication right to dispose of and use no more than 50 Symbols of disciplines mentioned for the purpose of importing electric energy or the provision of services to maintain and cleaned and ongoing expenses, according to the needs of the province. "
The draft budget committed "the Ministers of Finance and Planning Law Add the remaining amount which is 1 trillion and 752 billion and 238 million Danaraly conservative budget at check an increase in crude oil rates Source coordination with the province concerned."
The law also stipulates that "the accounting adjustments made after the measures implemented by the Federal Office of Financial Supervision in the budget of the following year for the purpose of securing a difference of $ 3 for the remainder of the share of each province produced" .anthy
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