Thread: Archive Latest News - Think Tank - 03/11/07 - 31/12/07

Iraq Stock Exchange index higher by 0.420%

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Baghdad, 21 November 2007 (Voices of Iraq)

The Iraqi stock exchange (ISX) index was higher by 0.420% on Tuesday compared to the previous session, closing at 35.800 points.

Traded shares in Tuesday's session exceeded 666 million at a total value of USD 814.845 million by implementing 266 contracts.

According to daily analysis of the capital market, non-Iraqi investors were active in today's session by implementing nine contracts in the banking sector with total shares hitting more than 106 million at a value of 124 million dinars.

Shares of 24 listed joint-stock companies were traded in the ISX, nine of which were banking companies, two investment companies, four service companies, six manufacturing companies, two travel agents, and one agricultural company.

The banking sector's quota of traded shares exceeded 551 million (82.7% of total traded shares) at a value of more than 729 million dinars.

The bank sector index closed at 36.280 points.

The statement concluded that 24 companies were traded in Tuesday's session out of 94 companies registered in Iraq's Stock Exchange, of which nine indexes went up, six dropped, and nine maintained their previous price.

Iraq Stock Exchange index higher by 0.420% | Iraq Updates

Crude sets new closing high, rising over $3 a barrel, on refinery outages, falling dollar and Fed hints at further rate cuts.


Oil makes fresh run at $100 - Nov. 20, 2007
NEW YORK (AP) -- Oil prices rose sharply Tuesday, closing at a new record high and once again approaching $100 a barrel, as futures drew strength from a declining dollar, news of refinery problems and speculation that the Federal Reserve will again cut interest rates next month.
Light, sweet crude for January delivery surged $3.21 to settle at $98.03 a barrel on the New York Mercantile Exchange, surpassing the previous closing record of $96.70 set Nov. 6. Crude rose as high as $98.30 earlier, just 32 cents shy of oil's all time trading high of $98.62, set Nov. 7.

Gasoline prices, meanwhile, extended their decline at the pump.

Oil futures, which offer a hedge against a weak dollar, picked up momentum as the dollar fell to a new low against the euro, and added to their gains after the Fed forecast slowing growth and tame inflation next year.

Gas fell 0.5 cent overnight, retreating further from its most recent spike above $3. At a national average of $3.09 a gallon, according to AAA and the Oil Price Information Service, gas prices have fallen 2.2 cents in a little less than a week. Last week, many analysts predicted prices would instead rise another 10 to 15 cents a gallon to catch up with surging oil prices.

"More than likely, [prices will] probably hold steady through the end of the year," said Fred Rozell, retail pricing director at the Oil Price Information Service. "But that doesn't mean you're going to see relief in terms of lower prices."

Because gas prices are closely tied to the price of crude, pump prices could start rising again if crude does reach $100 a barrel, or higher. Oil peaked two weeks ago at $98.62 a barrel before pulling back to the low- to mid-$90s.

Gas prices hit working class
Many analysts cite speculative investing fueled by the weak dollar as a key reason for oil's fall rally.

"Expectations of interest rate cuts by the Federal Reserve are sending the dollar lower and this is once again drawing buyers ... into the crude oil market," said Addison Armstrong, an analyst at TFS Energy Futures LLC in Stamford, Conn., in a research note.

The Fed said it thinks business growth will slow next year, with gross domestic product growing between 1.8 percent and 2.5 percent. That's less than the Fed's previous projections. Meanwhile, overall inflation should fall next year to between a 1.8 percent and 2.1 percent increase, the Fed said.

"They just opened the door for the possibility of more rate cuts," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago.

However, the rising cost of energy could also persuade the Fed to either leave rates stable or raise them - the latter would likely lend support for the dollar and could pull oil prices back down.

Energy futures received an additional lift from word of problems at two oil facilities Tuesday. A Valero Energy Corp. (Charts, Fortune 500) refinery in Memphis, Tenn., that processes 180,000 barrels of crude a day has shut down for 10 days of unplanned maintenance and a Royal Dutch Shell (Charts) plant that converts bitumen from Alberta's oil sands region into 155,000 barrels a day of synthetic crude oil was temporarily shut down due to fire.

Oil product futures surged on the news. Gasoline futures for December delivery rose 7.12 cents to $2.4528 a gallon, while December heating oil futures climbed 8.53 cents to $2.6895 a gallon.

"When you get this kind of problem in this kind of environment, prices will rise," Flynn said.

Economic reports gave investors more reasons to buy, analysts said. China's economy will likely grow at a rate of 11.5 percent in 2007, state media quoted Chinese Premier Wen Jiabao as saying on Tuesday. And in the U.S., the Commerce Department said housing construction rose by 3 percent in October, the first increase after three months of declines and the biggest since last February.

Ditching the dollar
Growing demand from China is another reason oil prices have risen in recent years. And signs of significant economic growth in the U.S. support prices because energy investors believe a strong economy will demand more oil and gasoline.

Natural gas futures fell 31.6 cents to $7.471 per 1,000 cubic feet on the Nymex. Natural gas inventories are at record levels, and several recent forecasts have predicted a warmer than normal winter.

In London, January Brent crude futures rose $3.31 to $95.59 a barrel on the ICE Futures exchange.

Traders were also anticipating Wednesday's petroleum inventory report from the Energy Department's Energy Information Administration. Analysts surveyed by Dow Jones Newswires, on average, predict that crude oil inventories rose by 800,000 barrels last week, while refinery use grew by 0.4 percentage point to 88.1 percent of capacity.

Gasoline inventories likely grew by 700,000 barrels, the analysts predicted, while inventories of distillates, which include heating oil and diesel fuel, fell by 400,000 barrels.

While oil supplies likely rose last week, prices were being supported Tuesday by concerns there would be a bullish surprise in the EIA report, such as an unexpected decline in inventories.

BUDGET 2008: Focus on Toviralhs ration and medicines, electricity and fuel


23 trillion dinars to upgrade services and the implementation of investment projects

Baghdad-Sabah
The government has focused on its investment and service for the coming year on several joints, in an effort to promote economic reality and lift the level of living of the citizens and the elimination of unemployment and provision of services and supplies needed. Allocated budget

In 2008 more than 8 trillion dinars for the ration card items, medicines, electricity, as well as the implementation of projects of oil and electrical giant. The government plans to make the new year overview of the services and economic revolution, and the Prime Minister Nuri al-Maliki on more than one occasion that the implementation of these plans is within reach , especially as security has improved in most parts of the country like coincided with the evolution of the security forces and military.

The federal budget for the new year which has been rejected by ministers and the five others abstained of a total of 40 ministers, to allocate $ three trillion and 928 billion dinars for the expenses of the ration card, while the government about 823 billion dinars for the provision of medicines to citizens.

The government has also allocated more than 585 billion dinars for importing electricity and provide fuel for the plants, while allocated trillion and 400 billion dinars for the implementation of projects and Trliuna oil sector and 560 billion dinars to initiate the establishment of the electricity sector projects.

The amounts of some of these allocations supportive of the funds allocated to ministries, departments and independent bodies, or (it does not fall within the budgets of ministries whether service or security or so). Discusses Parliament next Sunday, the federal budget for next year which amount to more than 58 trillion dinars, of which 15 Trliuna expenses for investment projects. The preliminary indications of the existence of an agreement between the parliamentary blocs to approve the budget as soon as possible, especially as it took into account the advancement of all sectors.

Economists Observers believe that the amounts allocated to various sectors would improve the quality of services provided and advancement, and will help to raise the level of living, especially with the increase in the salaries of retirees and a guide to increase the salaries of government employees, and absorb the phenomenon of unemployment through the involvement of graduates and unemployed in the implementation of projects. The revenue budget 2008 more than 50 Trliuna financial deficit of nearly 7 trillion, covering the deficit of cash recycled from the current year budget, with revenues up sales of Iraqi crude oil and other materials to more than 45 trillion dinars, while the tax revenue and the sale of assets - financial to about five trillion.

Translated version of http://www.alsabaah.com/

Iraq government manages to reduce due debts

Wednesday, November 21, 2007 09:58 GMT

Iraq’s Finances Minister Baqer Jaber Al Zubaidi confirmed that the government was able to reduce Iraq’s due debts according to the International Monetary Fund while calling on Arab countries to alleviate Iraq’s due debts as same as Bulgaria which canceled 90% of Iraq’s debts.
On the other hand, Al Zubaidi affirmed that Al Rafidayn Bank will be opened in Damascus to help ease Iraqis’ formalities.
Moreover, Finances Minister is visiting Syria to offer a $ 15 million aid to Damascus to help care for thousands of Iraqi refugees there.
Alsumaria Iraqi Satellite TV Network | Iraq News | Iraq government manages to reduce due debts

Development of Oil industry in iraq

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Abdel Murad
سيبقى ي. Oil revenues will keep the long-term future is a bet only to raise the standard of living and life, and Alkhaddmati of the Iraqi citizen, and also to finance the annual investment platform of the Iraqi State, the financing of construction projects and the reconstruction of the country and damaged infrastructure, and to increase durability and oil revenues, for the development and expansion of productive capacity and lifting the level commensurate with the volume of Iraqi oil reserves, which in turn would increase revenues and thereby increase the financial resources of the country, and the ability to advance the national economy. ان. Increased production requires the adoption of modern technologies and keep up with current developments in the petroleum industry and the replacement methods and means of production old adopted the former regime to continue pumping and extraction and export at the expense of maintaining the standards of producing wells and ongoing maintenance, which requires the speedy implementation of programs drilling wells and reclaim old ignored the former regime, and reform systems of export and protection so that the necessary flexibility for export. . Iraq is classified among the world's rich oil wealth in terms of reserves owned by large, allowing him to assume advanced in the area of investment wealth in these industries, extractive and refining, petrochemicals), as well as advanced took place in the export proportion to the size of the reserve owned by.
. And the prospects for the industry and a clear economic experts and spe******ts in the affairs of oil, since the enactment of Law No. 80 of 1960 which freed (99.5%) of the national territory from the control of foreign oil monopolies, the extensive studies on the future of the oil industry in all its aspects, and through a number of proposals, the oil projects, drilling new wells and develop old wells to increase energy extraction, D pipe network and installed pumps techniques with high pumping oil to Iraqi ports, and installed new cabinets to increase energy treasury and expand export capacity in the export platforms in the Iraqi ports.
. The establishment of the category of oil refinery in all governorates of the country to fill the need of domestic consumption and export the surplus Kmstqat oil to the world market at double the price of crude oil, which will provide the country worth more than seven billion dollars spent to import oil derivatives to fill the need of domestic consumption and provide electric power stations with fuel needed for operation , as well as the creation of new sources of national output from the export of these products. It can establish power stations near the refineries .. . Thus, we have achieved considerable services of the country in the provision of fuel and electric power experiencing a deficit at the present time. . It can establish industry Petrokemeawiyeh fertilizer industry and the abundance of sulfur and phosphate, and the country's need for petrochemical industries involved in many other industries, can be accomplished within the current financial possibilities of Iraq and future.
.. The establishment of the National Oil Company Step organizational and operational initial investment for oil and nationally through its development and digging wells, and rehabilitating to be ready for production continued .. .. The National Oil Company owners seasoned and capable of duties to the fullest, because of the neglect of the former regime to this aspect, the need became necessary to carry out urgently in order to increase production and to bring the implementation of international companies with expertise and efficiency of technological high contracting, not on principle participate, because Iraq's resources in the financial capacity to cover the expenses of such acts .. .. As well as installed high-tech equipment such as pumps, meters, the requirement to engage in the work of Iraqi Cadres foreign companies in the construction to gain experience that the logic of national responsibility and tell: that oil wealth is the property of the people and may not participate in any extraction and export of such wealth and may not be privatized .. . But invested nationally, and in such desperate circumstances the use of the expertise of world oil companies to do business on this basis (Constructions service), not on the basis of participation.
ان . To benefit from the oil and gas law passed recently which is a measure of the still subject to many views and opinions. لذا . Therefore, this law after issuance in the Official Gazette will inevitably add another platform on the economy of oil confidence and power to Entrenchment shea this wealth for the people of Iraq
Translated version of http://ht/

Iraqis return home 'in thousands'


An estimated 1,000 people a day are returning across Iraq's borders having previously moving abroad to escape the violence, Iraqi authorities say.
Most of the returnees are coming from Syria - and very few from Jordan, where better-off refugees tended to go.

An improving security situation - but also the lack of job opportunities for Iraqis in Syria - may account for the move, correspondents say.

However, at least five people died in a bombing in Ramadi on Wednesday.

A suicide bomber slammed a vehicle into a courthouse compound, police said.

The attack came as a sudden return to violence in a region which has become markedly more peaceful since Sunni tribesmen joined forces with the US military to tackle al-Qaeda militants last year.

Violence falls

Over 4.4m Iraqis are thought to have been displaced by violence since the US-led invasion of 2003 - but a growing trickle of those who fled the country are now coming back.

Iraq's ministry of migration told the BBC about 1,000 people were returning every day.


WHERE IRAQIS HAVE FLED TO
Syria: 1,400,000
Jordan: 750,000
Gulf states: 200,000
Egypt: 100,000
Iran: 54,000
Lebanon: 40,000
Turkey: 10,000
Internally displaced: At least 2,000,000
Source: UNHCR (October 2007)


The UN's refugee agency, the UNHCR, estimates about 45,000 Iraqis returned from Syria in October - the first month of the school year.

One factor in their return is likely to be a sharp and sustained drop in all kinds of violence, particularly in parts of the capital Baghdad, over past months following a US-Iraqi military "surge".

But the stream of returnees from Syria is not being matched by return traffic from Jordan, where there may be as many as a million Iraqi refugees.

That is probably because those in Syria are poorer, so their savings have run out more quickly, says the BBC's Jim Muir in Baghdad.

Incentives

Syrian authorities, who have seen the population swelled by up to 10% by the flood of Iraqi refugees, have begun imposing visa requirements on Iraqi immigrants.


But in addition, Iraqi authorities have also been providing incentives for refugees to return, such as free bus rides from Syria.
They have also tried to encourage those Iraqis displaced inside the country - who constitute about half the total - to return to their homes by offering families grants of $800 to do so.

So far 4,700 families have taken up the offer with another 8,500 registered for them.

But not all the returnees are confident the security improvement is permanent.

Watching decorators paint the home he has returned to in east Baghdad from Syria, retired policeman Abu Naseem told Reuters news agency: "After all this effort to fix the house I hope there will be no more fighting.

"But I think the violence will be back again."



Story from BBC NEWS:
BBC NEWS | World | Middle East | Iraqis return home 'in thousands'

Iraqi Finance Minister in Damascus to end the file of debt


Visiting Iraqi Finance Minister Baqir Jabr Zubaidi Damascus in the next few days on a visit aimed at ending the file of the debt after the visit of the Iraqi delegation financial came to visit Iraqi official and discussed practical steps.

Having ended the financial Iraqi delegation headed by Obeid replace the Under-Secretary-General of the Council of Ministers of Iraq after his visit to Damascus to discuss with Syrian officials regularization debt traders Syrians on Iraq to sign a joint guarantee classification record contracts.

The Commercial Counselor Iraqi embassy in Damascus Adnan Sharafi in a press statement that the first classification included contracts declined and announced that the majority of owners who receive funds from the Commercial Bank of Syria. He added that the agreement would not only interrupt the road to the owners of these contracts declined since gave them notice until 31/3/2008 for the submission of their identity documents of the Chamber of Commerce or by the Iraqi Ministry contracted with them so they can be to substantiate the claim or not, when approvals and emphasized the validity of the contract the Finance Ministry reported Iraqi regardless defendant.

Sharafi said that the end of the deadline previously would not accept any applications or documents and thus relationship Commercial Bank of Syria has ended with this issue and become a direct relationship between the trader and the Iraqi government.
He explained that new claims for traders who will not receive funds from the Commercial Bank are addressing these claims address transnational contracts declined.

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Wow here's another one about Iraq handing out money...

Iraq pays Syria $15 M to host refugees - source

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Baghdad, 20 November 2007 (Voices of Iraq)

Iraqi Finance Minister Baqir Jabur Solagh will pay a visit to Syria late this week to announce his government's commitment to pay $15 million to the Syrian government in return for hosting Iraqi refugees, an official government spokesman said on Tuesday.

"A total of $15 million will be paid in appreciation of the efforts exerted by the Syrian government in relieving the suffering of the Iraqi people," Ali al-Dabbagh said in a statement received by the independent news agency Voices of Iraq (VOI).

"The visit will also tackle problems pertaining to Iraqi accounts in Syrian banks and the possibility of opening a branch of an Iraqi bank in Damascus," the statement added.

According to unofficial statistics, there are currently 1.5 million Iraqi refugees in Syria.

Iraq pays Syria $15 M to host refugees - source | Iraq Updates

Kuwait claims translate their support for Iraq debt cancellation follies former regime

11/21/2007 5:04:35 PM

Renewed occasionally calls Iraqi invasion of reducing or dropping on Iraq debt and reparations imposed upon him because of his occupation of Kuwait in the Nineties last century, and to pay damages and the survival of Kuwaiti debt of nearly $ 15 billion exhausts the Iraqi budget and adversely affecting the country's economy. It is not consistent with the trends that declares Iraq continuously support and help to get out of the present predicament, it is unreasonable to lose foreign countries from the east and west of the debt Iraq while refusing to neighbors and brothers drop or reduce that debt, especially as Kuwait States, which has an annual budget surplus The billions of dollars.

The effects of the Iraqi delegation, headed by President Jalal Talabani, who arrived in Kuwait, during his talks with Kuwaiti officials on the issue of the debt of Iraq without reaching an agreement.
The Chairman of the Foreign Relations Committee in the Iraqi Parliament delegation participating in a joint press conference with his Kuwaiti counterpart Jasem Mohammed Sakr following talks Commenting on the issue of Kuwaiti debt on Iraq that the international covenants that will take everyone his rights, pointing out that the parties did not reach a final understanding on the issue .

The Chairman of the Committee on the economy and investment in Parliament that Iraq paid so far 25 billion dollars compensation to Kuwait and asked what prevents Kuwait sufficiency so, asking to drop the Kuwaiti Amiri Iraq as the Paris Club.
He said Haidar Abadi told (Voices of Iraq) that the debts of Kuwait and compensation to Iraq, where some of them were accompanied by the Iran-Iraq war (1980-1988), and there are awards by the Iraqi army to invade Kuwait in 1990.

He added Abadi, who belongs to the United Iraqi Alliance, the major bloc in the Iraqi Parliament, the debt is the official human Kuwait but did not call for that, pointing out that, although no claim they negatively affect the Iraqi economy.

He said that, when talking about the Iraqi economy is referred to the debt, this index bad.
م
He pointed out that Iraq already demanded that the debt reduction as the Paris Club, which reduced debt by 80%.

The Kuwaiti debt on Iraq at 15 billion dollars in addition to other amounts owed to Kuwait to service this debt.

She Kuwait more than once expressed its readiness for talks on reducing the debt on Iraq, but stipulated the Kuwaiti National Assembly.
And compensation paid by Iraq because of the Iraqi invasion of Kuwait Abadi said that Iraq pay for that $ 25 billion, was the payment of compensation to the private sector, has remained non-government sector of Kuwait, and assumed that the repeal of these awards because we did not responsible for the invasion.


.
He added that Iraq dictator Saddam computer system and has his execution for crimes committed. He wondered Abadi, what prevents sister Kuwait which We have been sufficient to pay for that?
،
He explained that the compensation for damages resulting from the damage government institutions and airline companies, and environmental abuse ..

The UN Security Council has issued its resolution No. 687 of April 3 in April 1991 cease-fire and ensure the resolution on weapons of mass destruction held by Iraq and the inspection of such weapons in Iraqi territory and forcing Iraq to pay compensation of its oil revenues and the lifting of the embargo on foodstuffs.

The decision came after graduation Iraq from Kuwait in March 1991, which had been ravaged in August August 1990.

For his part, the Chairman of the Finance Committee in the Iraqi Parliament that exhausts the Iraqi budget is compensation to be paid to Kuwait, estimated at 5% of all oil, noting that the Iraqi government made great efforts to persuade Kuwait and Saudi Arabia to drop the debts on Iraq.

He said that Dr. Iyad Samurai awards the 5% deducted directly from the imports of Iraqi oil and go to Kuwait, and if we take into account higher oil prices, increased Iraqi exports, the ratio be significant.

The Samurai, who belongs to the Iraqi Accord Front, the third largest mass of the Iraqi parliament, to the Finance Committee in the House of Representatives have already approached the Iraqi Minister of Finance to negotiate for the reduction or cancellation of compensation, stressing that the diplomatic effort is required.
He said that Saudi Arabia and Kuwait are not happy for the political situation in Iraq, if the Iraqi government has dealt with the file has prevented these fears and understandings reached politically and economically, I think that will happen here.

Samarra'i said that Kuwait is now demanding their debts. He said, they are now if freezing things. With appealed to Iraqi Deputy independent Kuwaiti government to reconsider the implications of the debt Iraq and stop the reconstruction of Iraq, arguing that it was not fair to pay the consequences of the Iraqi people as described follies former regime who invaded Kuwait in 1991.

The MP Safiya Al Suhail (Voices of Iraq), is not fair or equitable to pay the Iraqi people 5% of its imports of natural sisterly Kuwait because of the folly committed by the former regime against them. Noting that the compensation received by the State of Kuwait from Iraqi oil sales that fall Compensation Fund, which was established by the United Nations to compensate those affected by the invasion of Kuwait by Iraqi forces after graduation them in 1991.


وأضا
Her deputy, I appeal to the Kuwaiti people and the nation and the Kuwaiti government on behalf of the new Iraq, Arabism and Islam, to reconsider the imposition on Iraq to pay compensation and serious research on the means real big burden lifted from the Iraqi state and to stop payment of those funds for the reconstruction of Iraq.

Suhail and demanded the United Nations and the World Bank and international organizations concerned to intervene to reconsider the Kuwaiti debt on Iraq.

It promised that, as compensation paid by Iraq could have been used in building the country and to compensate the families of martyrs and establishing security and stability.

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Disagreements threaten to refer Shahrastani to eliminate:
The loss of billions of oil in the report of the Iraqi state budget

A deputy Ahmed Suleiman Al-Muhanna decision Economic Committee in the House of Representatives told the Iraqi "time" yesterday that the oil minister Hussein Shahrastani of the Commission did not provide any definitive statements on Iraqi oil revenues amounting to billions of dollars the past two years, de****e the current Parliament in the first reading of the report of the state budget for the year 2008 submitted by the government. And although the size of the current budget of about 46 billion dollars of funding depends on oil revenues. I am surprised Al-Muhanna in his statement to "time" non-Shahrastani payroll deductions from the compensation paid to the States affected by the war Kuwait $ 5% of the oil revenues with a number of these compensations billion without known the House and the Economic Commission of the Council any information. Al-Muhanna stressed that the Iraqi Central Bank Governor Sinan Alshabibi not preclude part of Iraq's cash reserves of $ 17 billion, which uses a cover of the dinar to other currencies such as the pound sterling and the euro after the retreat of the dollar, which led to the Iraq loses about 4 billion dollars as a result of this decline in the price the American currency attributed to the weakness of efficiency in the management of the Central Bank and a lack of oversight, in the majority of the time transformed central banks in the Middle East portfolio dollar to other Western currencies and gold to avoid the loss. The Barham Salih Iraqi Deputy Prime Minister Chairman of the Economic Committee government, the highest authority manages the Iraqi economy has refused to answer this question during a lecture he gave in London last month. For his part, Hussein Alvlogi deputy Accord Front of "time" that military spending in the current year's budget allocated to the ministries of Defense and Interior has increased to ten billion dollars, while the Finance Ministry's budget for the current year deficit in the budget vocabulary of ten billion dollars. In reference to the economic chaos experienced by Iraq currently Al-Muhanna said that the government has failed in the formation of a supreme body for investment subsidiaries, de****e the issuance of the law in this regard, Al-Muhanna stressed in his statement that such economic chaos and investment had been reflected in the failure of government ministries and departments in the spending amounts allocated for investment. Al-Muhanna stressed that the Economic Commission of Parliament did not know until now remainder of the funds allocated for investment over the past year.The current year's budget contains no reference to it. He said Alvlogi investments earmarked for the expansion of lifting production capacity in the budget this year is $ 3.5 billion. Alvlogi noted that the production capacity of Iraqi oil has declined from 1.7 million barrels to 1.3 million barrels, instead of edging No one knows where the investment budget went for the Ministry of Oil as saying. Al-Muhanna said that the biggest obstacles to passing the budget from the parliament is that they estimated dinar and the dollar which is not valid in the previous budgets. Al-Muhanna said that the size of a large budget but corruption and poor performance led to the failure to achieve its goals. For their part, the whole science of financial experts asked to remain anonymous for security reasons, told "time" they "were afraid that the distribution of the items of expenditure allocations in the budget motivated sectarian and partisan" and their failure to allocate 2.5 billion dollars to the Ministry of Health in this year's budget, which failed to take advantage of the Ad Hoc have to invest in the budget last year, "which is why the President of the deterioration of services. these experts said they monitored a" sectarian and partisan biases in the distribution of financial allocations. "and their failure to" be funded budget allocation Kurdistan province, which hits 17% of the state budget. "

Translated version of http://www.azzaman.com/