$3 billion to subsidize ration card items- committee

by Adster Sun Jul 13, 2008 4:43 am


$3 billion to subsidize ration card items- committee

Baghdad - Voices of Iraq

by Adster Sun Jul 13, 2008 4:45 am


Baghdad - Voices of Iraq	Sunday , 13 /07 /2008 Time 1:50:32



BAGHDAD, July 13 (VOI) – A total of $3 billion has been allocated from the 2008 supplementary budget to subsidize ration card items, a member of the parliamentary financial committee said on Sunday. "The supplementary budget contained significant points, which the Parliament has already approved, including an allocation of $2.8-3.5 billion to subsidize ration card items, in addition to another $500 million for the Ministry of Electricity," MP Alaa al-Sadoun told Aswat al-Iraq - Voices of Iraq - (VOI). "We have not yet received the supplementary budget from the cabinet, maybe for administrative reasons. But we obtained a copy from the Ministry of Finance and found it a good one," Sadoun noted. Sadoun, who is a member of the Sunni Iraqi Accordance Front (IAF) with 39 seats in the 275-member parliament, said that the budget is expected to reach the Parliament this week, predicting a parliamentary approval in the coming few days. Iraq's budget for the year 2008 is estimated at $48 billion. The Iraqi Parliament is expected to vote soon on a supplementary budget of $21 billion, which has been approved by the cabinet, bringing the total for this year's budget to $70 billion, the largest in the country's history. The Iraqi government has been distributing subsidized ration card items since the 1991 invasion of Kuwait and the subsequent imposition of international sanctions.

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