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Finance announces, via IQ, the date of the start of delivering Kurdistan’s revenues to Baghdad

chouchou
chouchou
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Finance announces, via IQ, the date of the start of delivering Kurdistan’s revenues to Baghdad Empty Finance announces, via IQ, the date of the start of delivering Kurdistan’s revenues to Baghdad

Post by chouchou on Mon 28 Dec 2020, 11:40 am

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The Parliamentary Finance Committee announced, Monday, (December 28, 2020), the date of the start of the delivery of Kurdistan revenues to Baghdad, while indicating that the region agrees to its share in the budget.

Committee member Jamal Cougar told IQ NEWS , “The region’s share according to the 2021 budget is referred to in Articles 10 and 11, and it is confirmed in these two articles that the region’s share is estimated according to the population of the region’s governorates,” indicating that “the percentage is set at 12.67% and is calculated after excluding Sovereign expenditures. ”

He added that “Article 11 in the budget refers to a set of points, one of which is the issue of loans between the region and Baghdad, as final accounts were not conducted between the region and Baghdad, and each party accuses the other of having loans on the other side.”

He continued, “The budget clarified what the region should deliver to Baghdad and is fixed at 250 thousand barrels and another paragraph that talks about the wages of transporting oil through the region’s pipeline, and also talks about 350 thousand barrels transferred through this pipeline that the federal government will bear.” The commitment of one of the parties, we must return to Article 27 of the Financial Administration Law, which settles the dispute. ”

He stressed that “what is included in the budget is what has been negotiated between the two governments, and we are looking for consensus to pass it,” noting that “the region agrees to that and the approval of the other party remains so that the application is easy.”

“The region will start handing over its revenues to the federal government, according to the law, after the first day of agreement and voting on the budget,” Cougar stated, explaining that “it delivers in the form of revenues of 250 thousand barrels of oil per day and border crossings at the end of each month.”

It is noteworthy that a Kurdish delegation headed by the Vice President of the Kurdistan Regional Government, Qubad Talabani, held discussions with the federal government regarding the share of the Kurdistan region in the financial budget during the past days. Talabani announced on (December 22, 2020) that the federal government had reached an agreement in Baghdad regarding the share Territory in the fiscal budget for 2021.


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