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[size=36]Al-Kadhimi: The budget will reach parliament in early 2023, and it needs two months for approval[/size]
political| 09:30 - 12/13/2022
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Baghdad - Mawazine News,
a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, confirmed, on Tuesday, that Parliament needs two months "at least" to approve the draft budget law for 2023 after its arrival from the Council of Ministers.
Al-Kazemi said, “The prime minister is supposed to focus in the budget on the investment, development, construction and reconstruction aspects, although the budget consumes approximately 70% on the operational side, going to salaries and consumption, so that about 30% of it remains for investment,” noting that “the budget will be completed by the end of 2022 and will be presented.” Parliament in early 2023 and needs at least two months to be ratified in Parliament.
Regarding the region's share of the federal budget, Al-Kazemi explained that this "is among the first agreements in the government curriculum, and that the oil and gas law is agreed upon within the first six months, which is something sought by the political blocs, in addition to 13% of the region's share, provided that financial statements are presented regarding the oil the region exports." And the revenues of the border crossings, as they are federal revenues, must be deposited in the state treasury.
Al-Kadhimi added, in his speech to the official newspaper, "Al-Sabah", which was followed by "Mawazine News", that "these paragraphs are a matter of contention and continuous discussion between Baghdad and the delegations of the region, and there must be an understanding to do justice to the Kurdistan region, as is the case with the exporting provinces such as Basra, Amarah and others that It exports 80% of the oil. Ended 29/N33
a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, confirmed, on Tuesday, that Parliament needs two months "at least" to approve the draft budget law for 2023 after its arrival from the Council of Ministers.
Al-Kazemi said, “The prime minister is supposed to focus in the budget on the investment, development, construction and reconstruction aspects, although the budget consumes approximately 70% on the operational side, going to salaries and consumption, so that about 30% of it remains for investment,” noting that “the budget will be completed by the end of 2022 and will be presented.” Parliament in early 2023 and needs at least two months to be ratified in Parliament.
Regarding the region's share of the federal budget, Al-Kazemi explained that this "is among the first agreements in the government curriculum, and that the oil and gas law is agreed upon within the first six months, which is something sought by the political blocs, in addition to 13% of the region's share, provided that financial statements are presented regarding the oil the region exports." And the revenues of the border crossings, as they are federal revenues, must be deposited in the state treasury.
Al-Kadhimi added, in his speech to the official newspaper, "Al-Sabah", which was followed by "Mawazine News", that "these paragraphs are a matter of contention and continuous discussion between Baghdad and the delegations of the region, and there must be an understanding to do justice to the Kurdistan region, as is the case with the exporting provinces such as Basra, Amarah and others that It exports 80% of the oil. Ended 29/N33
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