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Presidency of Parliament is preparing to receive the draft budget
Iraq 2023/05/27
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: Shaima Rashid
Yesterday, Friday, the Parliamentary Finance Committee finished voting on the most important dilemma in the federal budget, which is the share of the region, despite the objection of the Kurdistan Democratic Party. The House of Representatives is tomorrow, Sunday, to be included in the agenda. A member of the Finance Committee, Moin Al-Kazemi, told Al-Sabah: “The region’s share in the budget was voted in Articles 13 and 14 after an amendment was made to the copy of the budget sent by the government, despite the objection of the Kurdistan Democratic Party bloc.” Indicating that, “Thus, the committee will have completed all the 67 articles of the budget, and today (Saturday) some transfers will be completed in the financial aspects and the amendment of tables, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it.” And he added, “There is no amendment to the region’s share in the budget, and it remained as it came from the government at 12.67%,” indicating that “the amendment was added to the scenario of distributing oil exports from the region, which is that Iraq has an export share of 3 and a half million barrels per day of oil, so the region’s share became 400.” One thousand barrels, and the rest of the provinces export 3,100,000 barrels.” And he continued: “The signing of oil contracts with companies is carried out by the Iraqi Ministry of Oil and not by the regional government, and this is what was confirmed by the Federal Court and the Arbitration Committee in Paris.” And he indicated that “oil revenues from The four companies operating in the region will be deposited in the central bank account in the name of the Ministry of Finance, and the federal prime minister will authorize the prime minister of the region to spend, and the region's share will be transferred to the bank account provided by the regional government.A paragraph has been added, which is that the region is not entitled to export oil from the wells of Nineveh or Kirkuk and other materials that control accounts with the region, and there are provisions related to non-oil revenues and handing them over to the federal government. Its employees as compulsory savings, so the law included an article obliging the regional government to pay this savings and return it to the employees at 10% of the salary per month, until the employees of the region complete their entitlements from the compulsory savings that were practiced on them during the previous period. For "Al-Sabah", that "the budget can be handed over to the Presidency of Parliament tomorrow, Sunday, because there are paragraphs that have not been completed yet, namely the transfers, schedules, the issue of some additional paragraphs, and the overall vote on the budget within the committee."There is another article related to the sums that the regional government used to deduct from the salaries of its employees as compulsory savings, so the law included an article obliging the regional government to pay this savings and return it to the employees, at the rate of 10% of the salary per month, until the employees of the region complete their entitlements from the compulsory saving that was practiced on them during the previous period In addition, a member of the committee, Jamal Cougar, told Al-Sabah that "the budget can be handed over to the Presidency of Parliament tomorrow, Sunday, because there are paragraphs that have not been completed yet, which are transfers, schedules, and the issue of some additional paragraphs, and the overall vote on the budget within the committee."There is another article related to the sums that the regional government used to deduct from the salaries of its employees as compulsory savings, so the law included an article obliging the regional government to pay this savings and return it to the employees, at the rate of 10% of the salary per month, until the employees of the region complete their entitlements from the compulsory saving that was practiced on them during the previous period In addition, a member of the committee, Jamal Cougar, told Al-Sabah that "the budget can be handed over to the Presidency of Parliament tomorrow, Sunday, because there are paragraphs that have not been completed yet, which are transfers, schedules, and the issue of some additional paragraphs, and the overall vote on the budget within the committee."In addition, a member of the committee, Jamal Cougar, told Al-Sabah that “the budget can be handed over to the Presidency of Parliament tomorrow, Sunday, because there are paragraphs that have not been completed yet, which are transfers, schedules, and the issue of some additional paragraphs, and the overall vote on the budget within the committee.”In addition, a member of the committee, Jamal Cougar, told Al-Sabah that “the budget can be handed over to the Presidency of Parliament tomorrow, Sunday, because there are paragraphs that have not been completed yet, which are transfers, schedules, and the issue of some additional paragraphs, and the overall vote on the budget within the committee.”
Edited by: Muhammad Al-Ansari
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