MOF pledged to facilitate the procedures of petrodollar funds

Baghdad - INA - Wissam Al-Mulla

The Parliamentary Finance Committee revealed, today, Friday, the details of the meeting that it gathered with Finance Minister Ali Abdul Amir Allawi. 
Committee member Majid Al-Waeli told the Iraqi News Agency (INA): "The committee met with Finance Minister Ali Allawi to discuss a number of issues, the most important of which is petrodollar funds," explaining that "the Ministry of Finance was interpreting the issue of petrodollar funds incorrectly, and this resulted in high funds." It's worth tens of trillions."

He added that "the Finance Committee clarified the financial burden of the Petrodollar Fund within the accounts of the Committee, which is 3.5 trillion dinars, one trillion dinars is contained within the budget, and 2.5 trillion dinars remain allocated from oil imports, and within the accounts of the Committee that 1.5 dollars per barrel of oil from It's supposed to go to petrodollars."

He continued, "After this correction, the Minister of Finance expressed his willingness to reverse his decision to stop the implementation of this paragraph, and therefore it will be implemented in order for the oil-producing governorates that have oil activity to be enjoyed by reflecting on service projects and providing job opportunities and service to the citizen."  

He pointed out that "the committee discussed the automation of border crossings and customs," noting that "the Minister of Finance gave us messages of reassurance that the file is in the process of being implemented, and will provide revenues to the state."
And he indicated that "the committee discussed with the minister the appointments and their suspension, and the violations of the law in some ministries."