Parliamentary Finance reveals the features of the 2023 budget and the share of the Kurdistan Region

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[size=52]Parliamentary Finance reveals the features of the 2023 budget and the share of the Kurdistan Region[/size]

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[size=45]A member of the Parliamentary Finance Committee suggested on Sunday evening that the draft federal general budget for the fiscal year 2023 would reach Parliament in the middle of next month, indicating that its size would not be less than 150 billion dollars, and the project might take about two months to pass.[/size]
[size=45]Representative Jamal Kojer said in an interview with Kurdistan 24, that “the last budget sent by Mustafa Al-Kazemi’s (former) government to Parliament in 2021 was 164 trillion dinars, equivalent to 110 billion dollars,” noting that it was “an emergency budget and oil at that time was being sold at a low price.” “.[/size]
[size=45]The ceiling of crude oil exports was set in the 2021 budget at the time, at a rate of three million and 250 thousand barrels per day at a price of $ 45 per barrel. The draft budget also included fixing the dollar exchange rate at 1450 dinars.[/size]
[size=45]Cougar added that the next general budget will amount to about $150 billion, especially since oil is sold at a good price in global markets, as the country relies on crude to finance its revenues.[/size]
[size=45]Cougar stressed the importance of "merging the current fiscal surplus with the 2023 budget," noting that "if an acceptable budget is not allocated, the new government will not present anything new."[/size]
[size=45]He continued, "The government of Muhammad Shi'a al-Sudani has two tasks, the first is to provide services to citizens, and the second is related to initiating a serious reform process."[/size]
[size=45]Cougar stressed that "the next budget, both operational and investment, will reach Parliament in the middle of next month, and it may take 45 days for approval."[/size]
[size=45]He went on to say, "The new budget will not face difficulties to pass it, because Parliament has become one direction, which is the framework orientation," stressing that "passing it was difficult in the past due to differences between the forces of the coordination framework and the Sadrist movement within Parliament."[/size]
[size=45]Regarding the Kurdistan Region’s share of the new budget, Jamal Cougar said, “The Kurdish political forces had to participate in the government of Muhammad Shia al-Sudani to overcome this issue and find the required solutions before obtaining ministerial portfolios.”[/size]
[size=45]Cougar ruled out that Kurdistan’s share would be “less than 13.9 percent, equivalent to $15 billion,” stressing that “we face a new obstacle represented by the Federal Court’s decision related to the Kurdistan Region’s sale of oil and gas.”[/size]
[size=45]Cougar explained that "in the event that no agreement is made between the Kurdish and Iraqi political forces participating in the government regarding the Federal Court's decision related to the region's oil, the Kurdish representatives, the new Iraqi government and the Kurdistan Regional Government will face obstacles."[/size]
[size=45]Iraq relies on oil to finance 97 percent of its public budget, at a time when its new government is struggling to address the repercussions of rampant corruption.[/size]
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