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Al-Halbousi: Present the budget to a vote soon, and we are proceeding with the legislation of the oil and gas law


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Thanks and appreciate it but it not about me, Started this 10 years ago, just trying to finish what was started...Thanks Everyone that shown the Kind Positive Remarks, I appreciate that more then I ca

New rate is coming DVs.  They wouldn’t be constantly denying an increase in the rate If it was just a small adjustment. Somethings up. 

If they voted to use the dinar instead of the dollar, in which the HCL money goes on cards, I would think the oil and gas law is on the table for voting, remember the already had two readings on the N

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Wednesday 31 March 2021 | 06:48 pm
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irq_772483885_1617205716.jpg&max_width=3


Article 11 of the General Budget Law for the Kurdistan Region’s share, which Parliament voted on in its session today. Article 11 stipulates: First: The dues shall be settled between the federal government and the Kurdistan region for the years from 2004 to 2020 after the Federal Office of Financial Supervision in coordination with the Office of Financial Supervision of the region audited them to show the final accounts approved by the Federal Office of Financial Supervision from the financial revenues and expenditures achieved after Exclusion of sovereign expenditures and what was spent for the region within the ruling expenditures. Secondly: A- The Kurdistan Regional Government is committed to producing crude oil from its fields and at a rate of quantities not less than 460 thousand barrels per day, and the quantities necessary to cover production, transportation and operating expenses are excluded according to the data provided and the quantities consumed locally in the region and the quantities that cover the allocations of the region’s share of petrodollars, provided that they are not less The quantities delivered are based on the amounts realized from the sale of 250 thousand barrels of crude oil per day at the price of SOMO. Paragraph (a) above shall be implemented in coordination between the Federal Ministry of Oil and the Ministry of Natural Resources in the Kurdistan Regional Government. A The Kurdistan Regional Government is obligated to deliver non-oil revenues to the state treasury and according to the Federal Financial Administration Law, provided that the Federal Office of Financial Supervision in coordination with the Office of Financial Supervision in the region audits the data related to those revenues. D- The balances of the Iraqi Trade Bank owed by the Kurdistan Regional Government are settled with government and private banks, and the Ministry of Finance schedules monthly installments to be deducted from the region’s share, starting from the money year 2021 for a period of 7 years. E - The federal government is obligated to pay the Kurdistan Region's dues mentioned in this law and the tables attached to it after the region has implemented paragraphs (a, b, c, d) of this article. Third - obligating the Kurdistan region to provide the Federal Ministry of Finance, after auditing the Federal Office of Financial Supervision, in coordination with the Office of Financial Supervision in the region, with the functional staffing of the formations affiliated to it (civil - military) distributed according to class, vacant and occupied job title, and gender according to the numbers specified for it according to the workforce schedule (C Attached to this law, no later than 30/6/2021. Fourthly: The Kurdistan Regional Government is committed to disbursing the region’s employees ’salaries dues from the allocations determined within the region’s budget appropriations (employee compensation) and before any order to disburse any other expense from its current budget. Article 12 - First - Federal ministries and entities not associated with a ministry are bound by Schedule / C) containing the number of ministries and departments funded centrally for the year / 2021 attached to this law. Second - Federal ministries must stop appointments within their affiliated formations from public companies, bodies and self-funded directorates that receive a grant from the state’s federal public treasury or receive loans.

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Today, Wednesday, the House of Representatives voted to delete Article 20 of the Federal Budget Law of the Republic of Iraq for the year 2021.

The following is the text of the deleted article:
 
 
 
 
 
 
ExtImage-7145213-691460032.png
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They better do something because a convoy was bombed and this will continue if they don't get their s$%t together ASAP!!! I still don't believe it though....I will believe it when I see it!! I think the rate is still going to left at 1450 (Which is part of the process)...I am not going to get hyped up,

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Just now, GreedyDinar07 said:

They better do something because a convoy was bombed and this will continue if they don't get their s$%t together ASAP!!! I still don't believe it though....I will believe it when I see it!! I think the rate is still going to left at 1450 (Which is part of the process)...I am not going to get hyped up,

I swear i just read this post 10 min ago.. 

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  •  Time: 03/31/2021 19:07:18
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    Voting on Article 37 of open documentary credits
      
    {Policy: Al-Furat News} The House of Representatives voted in the session to pass the paragraphs of the draft federal budget for the year 2021, Wednesday evening, on Article 37 of open documentary credits.
 
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2 minutes ago, Longtimelurker said:

I swear i just read this post 10 min ago.. 

Yota must have seen it on the newswire and reposted it. HA! That's what happens on a slow news day.

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