The Kurdistan Region announces its participation for the "first time" in writing the Iraq Budget Law

[yota691]

The Kurdistan Region announces its participation for the "first time" in writing the Iraq Budget Law

2023-01-02 07:17

 

 

Shafaq News/ The Kurdistan Regional Government revealed, on Monday, that the Kurdish delegation participated for the first time in writing the draft federal budget law for the year 2023, announcing that the delegation will soon visit Baghdad.

An informed official source revealed on Monday morning to Shafaq News Agency, that the Kurdistan Regional Government delegation will visit Baghdad in the next few days to discuss the budget law, the region's share, and the region's rights in the government of Prime Minister Muhammad Shia' al-Sudani.

 

 

 

The source added that the delegation includes the ministers of finance, natural resources and planning, the cabinet secretary, the chief of the cabinet's office, and the government spokesman.

"The current Kurdistan Regional Government is in constant contact with the Iraqi government, and we have made many visits, and several committees have been formed regarding the budget law, the oil file, financial control, and the disputed areas," said KRG spokesman Jutiar Adel, in an interview reported to Shafaq News agency.

He added, "Before New Year's Day, we visited Baghdad and are now ready to visit again. We are now waiting to set a date to visit Baghdad and discuss important files again."

And he continued, "We, as the regional government, are serious about reaching an agreement with the federal government, and this is the first time that we are participating in writing the budget law at our request and we are waiting for the results."

Adel stressed by saying, "We are ready to agree with the Iraqi government on the basis of the constitution and the political agreement that was concluded between the forces forming the new government."

On Wednesday (11/30/2022), the capital, Baghdad, hosted a meeting of the Supreme Committee of the central and regional governments to discuss several files with the aim of resolving outstanding problems between the two sides.

The two sides stressed the importance of this stage to reach a joint agreement within the framework of the constitution and the ministerial platform agreed upon by the political parties forming the new Iraqi government.

Also, during the meeting, according to a statement by the Information and Information Department of the Kurdistan Regional Government, "they discussed the oil file, the budget, financial control, and border crossings," noting that "the meetings between the two sides will continue until a final solution to the outstanding problems and files is reached."

[nfire]

A little progress for sure

[yota691]

How much will the share of the Kurdistan region be in the 2023 budget?

 

money and business
   

Economy News - Baghdad
On Sunday, the Parliamentary Finance Committee revealed the share of the Kurdistan region from the general budget law for the year 2023.

Committee member Jamal Cougar said, “The 2021 budget contained the statistics of the Ministry of Planning for the ration card, and it was calculated for the region at that time 13.9, meaning 14 percent is the region’s share of the next budget,” noting that “these statistics are registered and proven by law so that the region is not allowed to claim more than 14%.

Cougar added, in an interview with "Al-Ghad Press" agency, followed by "Al-Iqtisad News", that "the Kurdistan Regional Government will send a delegation in the coming days, and it will ask the central government for 17 percent, but Baghdad will not accept that, and the previous statistics will be adopted for the 2021 budget."

 

 

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Views 497

Added 01/01/2023 - 9:04 PM

Updated 01/02/2023 - 5:38 PM

[screwball]

22 hours ago, yota691 said:

Cougar added, in an interview with "Al-Ghad Press" agency, followed by "Al-Iqtisad News", that "the Kurdistan Regional Government will send a delegation in the coming days, and it will ask the central government for 17 percent, but Baghdad will not accept that, and the previous statistics will be adopted for the 2021 budget."

Yep and as I said this was already discussed back in 2012-2013 when they had two readings and admened ent, the question is will they get their 17% again, or will the law fail again! LOL

[yota691]

Parliamentary Finance expects the date for voting on the 2023 budget

2023.01.03 - 21:53

 

Baghdad - Nas  

The Parliamentary Finance Committee expected, on Tuesday, two possible dates for the 2023 budget to reach Parliament and vote on it.  

  

 

  

  

A member of the committee, Mueen Al-Kadhimi, said in a statement to the official channel, followed by “NAS” (January 3, 2023), that “according to our information, the Ministry of Finance delivered the draft budget to the Council of Ministers and the Economic Council met and discussed the draft and made some amendments.”  

  

Al-Kazemi added, "It is assumed that the Council of Ministers will approve the budget at a later date and hand it over to the House of Representatives after the end of the legislative recess on January 8."  

  

He continued, "The consensus between the political blocs and the meeting of the Kurdish forces in Baghdad with Prime Minister Muhammad Shia' al-Sudani resolved many points, and the blocs have a desire to approve the budget to start work and complete the expected service projects."  

  

The deputy pointed out that "achieving this will allow the budget to reach the stage of voting on it in the House of Representatives in the middle of next February, provided that the government begins to initiate projects that await the budget at the beginning of March and implement what is included in the government program."  

[yota691]

Including 70 trillion for salaries

Parliamentary estimates: the government's operating budget jumps to 90 trillion dinars

2023.01.04 - 10:49

 

Baghdad - Nas  

The Parliamentary Finance Committee estimates that the government will need about 70 trillion dinars in the future to pay the salaries of employees from the operating budget.  

 

  

  

Committee member Jamal Cougar said, in an interview with the official newspaper, followed by "Nass", (January 4, 2023), that "Parliament is ignorant of the reason for the delay in transmitting the draft budget law from the Council of Ministers, although Parliament will end its legislative recess next week," reassuring the employees that it "There is no fear for salaries and they will not be delayed. Rather, they will proceed with the principle of the 1-on-12 exchange rate."   

  

Cougar added, "The government can resort to the bank reserve as an advance to release the salaries of the employees, provided that these amounts are added to the salary tabs after referring the draft budget to parliament."    

  

Regarding the increase in the number of employees, Cougar explained that "it is the citizen's right for the government to provide job opportunities, and to clarify, the salaries of employees cost the budget a large number, and that the salaries of employees alone will be around seventy trillion dinars."   

  

According to the deputy, Iraq will "need annually seventy trillion dinars to pay salaries only, while the operational budget, which is salaries and expenses for the entire government, will be in the range of 85 to 90 trillion dinars."   

[yota691]

The Ministry of Finance is working to reduce operating expenses and make a final adjustment to the budget

2023-01-04 06:58

 

 

Shafaq News/ An informed source in the Iraqi Council of Ministers stated, on Wednesday, that the Federal Ministry of Finance is working to reduce operating expenses in the draft of the general budget bill for the current year.

The source told Shafaq News agency that the Ministry of Finance has completed the draft general budget law for the year 2023 by 90%, adding that the final draft of the budget law will reach the Council of Ministers after adding the financial allocation for lecturers and contracts in ministries and state institutions who have fixed permanent staffing.

 

 

 

He explained that the total amount of the budget law amounted to 180 trillion dinars, with a deficit rate of 40 trillion dinars, indicating that the price of one barrel of oil was calculated at 65 dollars, while the exchange rate of one dollar was calculated at 1450 dinars.

The source went on to say that the Ministry of Finance is currently working to reduce operating expenses and make a final amendment to the budget law before sending the final draft of the law to the Council of Ministers, pointing out that the Ministry of Finance will send the budget to the government next week.

On Tuesday, Prime Minister Muhammad Shia al-Sudani announced an increase in the amount of salaries in the general budget for the year 2023, realizing that the draft law needs a lot of time.

"The amount of salaries in the budget increased from 41 to 62 trillion dinars," Al-Sudani said, in a press conference attended by Shafaq News Agency's correspondent, explaining that "the budget needs a lot of time" in order to be approved.

And Finance Minister Taif Sami had revealed, at the end of last year 2022, that “the general budget will focus primarily on the health sector, supporting hospitals, reducing the conduct of operations abroad, supporting vulnerable classes, social care, and people with disabilities, and raising the loan capital ceiling for small projects in Ministry of Labor".

She added, "The price of a barrel of oil, which has been set so far in the general budget, amounted to 65 dollars, and it may reach 70 dollars, and it has not yet set the total amount of the budget, while the dollar exchange rate has been fixed at 1450."

And the Minister of Finance indicated that "the draft general budget law may include a study to impose some taxes on the oil derivatives sector, if approved by the House of Representatives, which would enhance revenues."

It is noteworthy that the financial budget for the past year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.

After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible.

[yota691]

Parliamentary Finance: Amendments to the 2023 budget and the completion of its investment and operational draft

• Time: 01/03/2023 20:37:05
•  
• Read: 2,470 times

  

{Economic: Al Furat News} A member of the Parliamentary Finance Committee revealed amendments to the draft federal budget law for the year 2023.

Committee member Mueen Al-Kadhimi said in a televised statement this evening: "The Economic Ministerial Council made amendments to the budget in its last meeting, and the Council of Ministers will approve them in the coming sessions."
And he indicated that "the Ministries of Planning and Finance have completed the draft budget, with its investment and operational parts, and it is assumed that the government will hand over the draft budget to Parliament after the end of its legislative recess on January 8."
Al-Kazemi explained, "The consensus between the political forces and the visit of the Kurdish delegations to Baghdad resolved many differences, and the blocs have a desire to approve the budget to start work and complete projects in a way that reflects on the service of citizens."
And he continued, "We hope that the blocs will cooperate in a way that leads to approving the budget in the middle of next February, so that the government will start at the beginning of March to complete projects and initiate others."
Al-Kazemi stressed, "The political consensus will have a role in accelerating the budget legislation, and we hope through it to implement the government program presented by the Prime Minister."

[DanP]

lots of laws to pass. I say July at best. 
I hope they do something positive this year.  
👍🏻

[yota691]

“The largest deficit in history.” Preliminary indicators for the 2023 budget were revealed

2023.01.05 - 12:49

 

Baghdad - Nas    

On Thursday, Professor of Economics at the University of Basra, Nabil Al-Marsoumi, revealed preliminary indicators for the 2023 budget, noting that the budget deficit is "the largest in the history of budgets."  

  

  

  

Al-Marsoumi said in a post entitled "Preliminary Indicators of the 2023 Budget," followed by "NAS" (5 January 2023), that "an informed source in the Iraqi Council of Ministers stated that the Ministry of Finance is working to reduce operating expenses in the draft draft of the general budget law, and that the Ministry The Ministry of Finance has completed the draft general budget law for the year 2023 by 90%.  

  

And he indicated that “the assumptions on which the budget is based are: –  

  

The official exchange rate for the dollar = 1450 dinars.  

  

The price of a barrel of exported crude oil = $65.  

  

Oil exports with Kurdistan = 3.550 million barrels per day.  

  

Public expenditures = 180 trillion dinars = 124 billion dollars, which is the largest in the history of Iraq.  

  

The budget deficit = 40 trillion dinars, which is the largest in the history of budgets.  

  

The economist explained, "The conclusions are: -  

  

Oil revenues = 122 trillion dinars.  

  

Non-oil revenues = 18 trillion dinars.  

  

Public revenues = 140 trillion dinars.  

  

Covering the deficit will be from the fiscal surplus achieved in 2022.  

  

Public expenditures for the 2023 budget exceed the 2021 budget and the actual spending for 2022 by about 50 trillion dinars.  

[yota691]

Parliamentary Finance: Returning the exchange rate of the dollar to 120,000 dinars is impossible

2023-01-05 05:21

 

 

Shafaq News/ Jamal Cougar, a member of the Parliamentary Finance Committee, attributed, on Thursday, the reasons for the rise in the exchange rates of the US dollar against the Iraqi dinar to political and economic factors and speculation, stressing that exchange rates will return to normal.

Cougar told Shafaq News agency, that the government does not seek or aim to raise dollar prices, but the price imbalance is a result of economic and political speculation, in addition to the creation of the electronic platform that was created under pressure from the US Federal Reserve, as well as the illegal withdrawal of hard currency from Iraq by neighboring countries. 

 

 

 

He added, that matters are still under the control of the Central Bank and the government because of the cash reserves the country possesses, but it needs time until the Central Bank of Iraq, and through it the banks participating in the currency auction, commit to the new electronic platform on the one hand, and combating dollar smuggling to neighboring countries as well as controlling the process Money laundering and reduction on the other hand, 

Cougar confirmed, "The government will restore the exchange rate to its previous price of 148,000 dinars," stressing that "returning prices to 120,000 dinars is impossible and may not return."

Earlier, the Iraqi Finance Minister, Taif Sami, revealed that the draft federal budget law for the year 2023 included a fixed exchange rate for the dollar at 1450,000 dinars.

[yota691]

Parliamentary Economy reviews the "negatives" of delaying budget approval

 

money and business
   

Economy News - Baghdad
The Parliamentary Committee on Economy, Industry and Trade clarified, on Wednesday, the negative effects of the delay in approving the federal budget.

Committee member Sardi Al-Mahyawy told the official news agency, "The laws and alternative solutions to the federal budget are temporary solutions and remedies for the conduct of economic life in Iraq, such as the financial management law and its other applications or the emergency support for food security and development law."

Al-Mihyawi added, "One of the most important negatives and effects of the delay in approving the budget is disrupting the approval of new and suspended government investment projects from previous years, which leads to a delay in economic growth or urban development and thus the clear negative impact on the life and livelihood of the Iraqi individual, and that extends to the coming years." Due to the accumulation of unfinished projects and the delay in their implementation.

He urged all political blocs to "accelerate the approval of the federal budget, and the need to include important projects that serve society and the country in general."

 

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Views 457

Added 01/04/2023 - 7:11 PM

Updated 01/05/2023 - 4:35 PM

[yota691]

The President Of The Republic Assures The Minister Of Finance Of The Need To Expedite The Approval Of The Budget To Provide The Requirements For Reconstruction In The Country

01/05/2023

2300

Earth News / The President of the Republic, Abdul Latif Jamal Rashid, received today, Thursday, at the Baghdad Palace, Finance Minister Taif Sami, and discussed with her the developments in the financial and economic situation in the country.

A statement by the Presidency of the Republic, which was received by Earth News, stated, "At the beginning of the meeting, the President of the Republic spoke about Iraq's upcoming participation in the Davos conference, and he resolved to work for Iraq to have a pivotal role by encouraging businessmen and capital to invest in projects that will contribute to the development of the local economic reality, especially After Iraq witnessed security and economic stability, stressing that supporting the private sector is a national necessity to be a catalyst in supporting the country's economy.

The President stressed the need to expedite the approval of the draft budget law, to ensure the provision of the requirements for reconstruction in the country and the continuation of the wheel of progress and the development of the service and living reality for citizens in a manner that meets their legitimate rights to a free and dignified life.

The president stressed "the need to carry out appropriate reforms to combat corruption, which is an obstacle to any progress in the country."

In this context, he referred to "the importance of relying on electronic governance to reduce financial waste and undermine corruption."

In turn, the Minister of Finance gave an explanation on “the developments in the financial situation and the obstacles facing the advancement of the economy and the ways to overcome them,” expressing her thanks “to the President for his support for everything that would achieve stability in the country at various levels.”

[yota691]

A technical delegation from the region intends to visit Baghdad to complete understandings on the budget

 23 hours ago

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On Thursday, the leader of the Patriotic Union of Kurdistan, Ahmed Al-Harki, revealed the imminent arrival of a technical delegation from the Kurdistan region of Iraq to complete the understandings related to the region's budget.

Al-Harki said in a press interview seen by “Takadum” that “a technical delegation from the Kurdistan region of Iraq will arrive in the capital, Baghdad, to complete the understandings regarding the region’s share of the current year’s budget.”

He added that "the return of the delegation to the region was due to the Christmas holidays," suggesting that "the task will be completed within days, and therefore the budget bill will be sent to Parliament for the purpose of voting."

[yota691]

Deputy: Disagreements with the region over the budget still exist

 17 hours ago

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The representative of the State of Law, Thaer Makhaif, confirmed that differences with the Kurdistan region over the budget still exist.

Makhaif said in a press interview seen by Taqaddam that “a delegation from the region will visit Baghdad next week to resume dialogues and find a solution to the points of disagreement between the two parties over the budget law,” describing the policy pursued by the region with the center as “no longer acceptable.”

He added, "The ceiling of the demands presented by the region's delegation is high, and it is not possible to accept all the demands put forward by the partners of the political process."

Mukhaif stated that “the region’s demands are not limited to its share of the budget, but also include the oil and gas law and Article 140 of the constitution,” stressing that “the region’s government will only obtain its legal and constitutional entitlement during the forthcoming negotiations between the two parties.”

[yota691]

KDP: The Agreements Concluded Between The Region And The Government Continue Despite The Existence Of Some Differences

08/01/2023

1014

Earth News / A member of the Kurdistan Democratic Party, Wafaa Muhammad Karim, spoke today, Sunday, about the agreements concluded between the region, the government and the federal government, indicating that there is a slight disagreement over not sending the specified amount of 400 billion dinars that was supposed to be sent before the end of the year.

Karim said in a statement to Earth News that “discussions are continuing and visits are continuing between the Kurdish delegation and Baghdad about the agreements concluded politically, and there are points that need a period of time that takes 6 months, and until the completion of the implementation of the agreements, there will be repeated and complementary visits to previous visits such as the legislation of the oil and gas law and Article 140.” .
He added, "Now there is a slight disagreement over not sending the specified amount of 400 billion dinars, which was supposed to be sent before the end of the year and by order of the Prime Minister, but the intervention of political forces to the Minister of Finance stopped sending the aforementioned amount, and this is what we feared from the beginning that the government would not submit to political forces."
Karim continued, “As for the problems of democracy and the union, the dispute still exists and we are awaiting a response to an initiative to visit a large political delegation to Sulaymaniyah to resolve the differences, especially with regard to Sulaymaniyah’s imports that do not belong to the treasury of the regional government, as well as obliging all security and military forces to follow the orders of the responsible authorities without partisan control, as happens in areas of influence the Union".

[yota691]

"This is what we were afraid of." Disclosure of the reasons for preventing Kurdistan's financial shares from being sent

• Today 16:27

Information / special.

Today, Monday, the Kurdistan Democratic Party revealed the reasons for the delay in sending the monthly shares of the Kurdistan region from Baghdad to Erbil, among the most prominent developments in the agreement between the central government and the Kurdish delegation regarding the oil and gas law and Article 140.

The leader of the party, Wafaa Muhammad, said in an interview with the information agency, that "there is a slight disagreement between the central government and the Kurdistan region regarding not sending the specified amount, which amounts to 400 billion dinars, which was supposed to be sent before the end of last year, by order of the Prime Minister."

He added, "The reason behind not sending the shares of the Kurdistan region is the interference and pressure of political forces (which he did not name) on the Minister of Finance, who in turn stopped sending money to Erbil," noting that "the pressure of some political forces on the government we feared from the beginning."

Regarding the talks between Baghdad and Erbil, Wafaa explained, "The talks are continuing and the visits are continuing between the Kurdish delegation and the central government, because the political agreements and their transformation into the ministerial curriculum needs a period of time that takes 6 months."

And between the leader of Barzani's party: "Until the completion of the implementation of the agreements, there will be frequent and complementary visits to previous visits to discuss the legislation of the oil and gas law and Article 140."

Earlier, the Council of Ministers agreed to send the Kurdistan region's monthly quotas of 400 billion dinars, but the last decision has not been implemented until now.

Negotiations continue between the central government and the Kurdistan region regarding many files, most notably Kurdistan's share of the financial budget law in addition to the oil and gas law and Article 140. End / 25r

[yota691]

An urgent recommendation to the Iraqi government and parliament: Price a barrel of oil in the budget at $45

2023-01-09 03:36

 

 

 

Shafaq News/ On Monday, oil expert Hamza Al-Jawahiri called on the Iraqi government and parliament to set a price of $45 per barrel of oil in the 2023 budget, warning that the proposed price of $65 per barrel in the budget "benefits the thief."

 

 

 

Al-Jawahiry said in an interview with Shafaq News agency, "The confrontation between OPEC + and the major industrial countries in the world has become public and is not hidden from anyone. general, should be taken into account.

He added, "OPEC + has tools to keep oil prices at a fair price for both parties, which is around $80 a barrel. As for the Western countries, led by America, they find that the fair price is around $60, which is the same price that America and the European Union set on Russia as a ceiling for the oil price."

He pointed out that "OPEC + is not as strong as the West in general and the major industrial countries, meaning that it is a struggle between two parties, a very strong party and a relatively weak one, and this means that the price will settle at $60 a barrel sooner or later."

He pointed out that "Iraq, according to these prices, will sell its oil at an average price of no more than 55 dollars per barrel, because the bulk of Iraqi oil is heavy or medium, and the sulfur content is high."

And he indicated that "the default price of oil in the budget should be 45 dollars, and what is more than that in terms of funds must be transferred to the Sustainable Development Fund through the legislation of a text in the budget that requires the transfer of these funds to this fund monthly, but if the price is less than 45 during any month, the deficit must be covered by the savings of this fund.”

Al-Jawahiry pointed out that "setting a price of $65 per barrel in the 2023 budget is incorrect," noting that "insisting on this price benefits the thief because the amount of money in the budget will be large, and the larger the size of the budget, the more stolen money will be."

[yota691]

Parliamentarian: Baghdad will not send the region's budget without a political agreement and has submitted 10 oil complaints

2023-01-10 03:12

 

 

Shafaq News/ Soran Omar, a member of the Iraqi Parliament representing Sulaymaniyah Governorate, ruled out, on Tuesday, that the federal government would send the Kurdistan Region's share of the general financial budget for the year 2023 in the event that it was approved without reaching an agreement on the issue of oil and gas between Erbil and Baghdad.

Omar said in a blog on social networking sites "Facebook" today, that "after the Federal Supreme Court's decision to cancel the oil and gas law in the region, the regional government does not give any contracts or information to the Ministry of Oil and Financial Control, in contrast, the Iraqi Ministry of Oil sent eight letters to Foreign oil companies operating in the region submitted 10 complaints against them, and sent 12 warning letters to the regional government, the Iraqi Ministry of Finance, the (SOMO) company, and the financial control.

 

 

 

He pointed out that "without agreement on the issue of oil and gas and until the Iraqi oil and gas law is approved by a political decision, the region's share of the budget will not be granted."

Omar also added, "Without an agreement that the region adheres to and Baghdad fulfills its duty to send part of the region's share of the 2023 budget, we will not reach what the people of Kurdistan are waiting for."

And the parliamentarian added, "The regional government must work hard to reach an agreement, otherwise the economic and financial situation of the region will deteriorate this year without the arrival of part of the budget from Baghdad," noting that "half of the income for the region's oil goes in the field of various expenditures." .

The Ministry of Oil filed 10 complaints against the oil companies in the Kurdistan Region, namely: Gas Prom, DANA GAS, ADDAX Westrenzagros, Shamaran Petrleoum, HKN Energy, DNO ASA, GULF kesystone, Genel Energy, according to Soran Omar.

On Tuesday (February 15), the Federal Court issued a decision "unconstitutional of the oil and gas law of the Kurdistan Regional Government, obliging it to hand over all oil production from the oil fields in the region and other areas from which the Kurdistan Ministry of Natural Resources extracted oil and handed it over to the federal government represented by the Ministry of Natural Resources." Federal oil and enable it to use its constitutional powers regarding oil exploration, extraction and export.

The President of the Kurdistan Region, Nechirvan Barzani, described the decision as "unconstitutional" and was based on a law from the time of the former regime, and stressed the regional government that "such an unconstitutional decision cannot be accepted."

And the Kurdistan Regional Government considered the Federal Court's decision on the oil and gas law in the region, on Tuesday, that it is "unconstitutional," stressing that it cannot be accepted.

The Kurdistan Region began selling its oil separately from the federal government, after a stifling financial crisis as a result of the collapse of oil prices during the ISIS invasion of areas in Iraq, in addition to disagreements with Baghdad that prompted the latter to stop paying the salaries of the region's employees.

Baghdad says that its National Oil Company "SOMO" is the only party authorized to sell Iraqi crude oil, but each side claims that the constitution is on its side. Given that the Iraqi oil and gas law remained locked in the drafting stage due to disagreements, there remained room for maneuver.

The oil file is considered one of the most prominent outstanding issues between Baghdad and Erbil.

The political agreement that resulted in the formation of the current federal government headed by Muhammad Shia al-Sudani provides for the approval of several laws within a maximum period of 6 months of the life of the government, including the oil and gas law, according to the Kurdistan Regional Government of Iraq.

[DanP]

The wheels on the bus go round and round nothing has changed there all the bunch of clowns

[yota691]

Will the region really participate in writing the budget?

Fallujah Canal

162 views  19 hours ago

[yota691]

Shakhwan Abdullah: There is an understanding between Baghdad and Erbil on the budget and oil and gas laws to legislate them

One News One News

204 views  3 hours ago

[bkeiller]

2 hours ago, yota691 said:

Shakhwan Abdullah: There is an understanding between Baghdad and Erbil on the budget and oil and gas laws to legislate them

One News One News

204 views  3 hours ago

 

The agreement is:

 

We agree to disagree, but we will resolve this issue SOON.

 

... Just need to keep shaking things down.

 

Palm grease and gas-bag laws forthcoming.

 

 

[yota691]

Al-Kazemi: Kurdistan's share in the budget is set to be about 13%

 

money and business
   

Economy News - Baghdad
A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said, on Tuesday, that the government is obligated to submit the draft financial budget law for the year 2023 as soon as possible.

Al-Kazemi added, in an interview with the official newspaper, "Al-Sabah", that "there are previous political consensuses that must reach the Kurds to an agreement with the federal government regarding the share of Kurdistan, which is scheduled to be approximately 13%."

He continued, "It is necessary for there to be clarity about what the Kurdistan region exports of crude oil, in addition to the total imports of border crossings and airports, and for there to be transparent figures for the number of employees working in the regional government," adding that "next week will lead to positive results." .

Al-Kazemi believed that, "In the event that an agreement is not reached, the government can resort to setting approximate numbers for the fairness of Kurdistan and the fairness of the oil-producing provinces throughout the country." 

 

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Added 01/17/2023 - 11:29 AM

Updated 01/17/2023 - 4:34 PM

[6ly410]

Parliamentary Finance: The regional government is obliged to hand over its oil and revenues from its outlets in exchange for its share in the budget

\Parliamentary Finance: The regional government is obliged to hand over its oil and revenues from its outlets in exchange for its share in the budget – Iraq News Network (aliraqnews.com)

Last Updated: January 17, 2023 - 2:38 PM

Baghdad / Iraq News Network - A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said on Tuesday that the government is obligated to submit the draft financial budget law for 2023 at the earliest possible opportunity.Al-Kazemi added in an interview with the official newspaper "Al-Sabah" that "there are previous political consensuses and they must reach the Kurds to agree with the federal government on the share of Kurdistan, which is scheduled to be approximately 13." He continued, "It is necessary to have clarity about the exports of crude oil exported by the Kurdistan region, in addition to the total imports of border crossings and airports, and to have transparent figures for the number of employees working in the regional government," adding that "next week will lead to positive results."