Seaview
06-19-2008, 11:58 AM
KRG Planning Minister, Othman Shwani, said KRG sent its project plans to Baghdad to ensure supplementary budget from the federal government.
The supplementary budget is allocated only for investment and reconstruction projects and it is irrelevant to the operating budget. In addition to the basic budget allocated by the federal government, Kurdistan region is supposed to receive a budget equivalent to 17 percent of Iraq’s supplementary income.
“Pursuant to this percentage, the supplementary budget of Kurdistan region for the previous six months is estimated by $ 5 billion, Shwani revealed.
As the price of oil recently rose in the world market, the Iraq’s overall income for 2008 reaches $ 100 billion while the estimated income was about $ 50 billion. :nod: :sun:
“Iraqi government will probably plan the second phase of the supplementary budget for the next six months,” Shwani added.
http://pukmedia.com/english/index.php?option=com_content&task=view&id=4849&Itemid=1
The supplementary budget is allocated only for investment and reconstruction projects and it is irrelevant to the operating budget. In addition to the basic budget allocated by the federal government, Kurdistan region is supposed to receive a budget equivalent to 17 percent of Iraq’s supplementary income.
“Pursuant to this percentage, the supplementary budget of Kurdistan region for the previous six months is estimated by $ 5 billion, Shwani revealed.
As the price of oil recently rose in the world market, the Iraq’s overall income for 2008 reaches $ 100 billion while the estimated income was about $ 50 billion. :nod: :sun:
“Iraqi government will probably plan the second phase of the supplementary budget for the next six months,” Shwani added.
http://pukmedia.com/english/index.php?option=com_content&task=view&id=4849&Itemid=1