The street is awaiting and Parliament is preparing for a decisive round on the budget law

[size=52]The street is awaiting and Parliament is preparing for a decisive round on the budget law[/size]

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[size=45]The region sets a fixed date for the employees' salaries to be paid[/size]
[size=45]Baghdad - Qusay Munther[/size]
[size=45]Erbil - Farid Hassan[/size]
[size=45]The House of Representatives is scheduled to hold its session today, Saturday, to vote on the current year’s budget law, the passage of which has been delayed for more than once as a result of disagreements over the Kurdistan region’s share of the budget after a number of blocks have revoked the agreement that took place between the two parties, subject to approval of the region’s obligation to hand over its oil revenues to Sumer oil marketing company. The street is still waiting for the parliament to agree to pass the law because of the paragraphs it contains related to the lives of millions, including deduction of contract salaries and two-day wages and lying the dues of contractors and farmers and other necessary benefits. A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed that the House of Representatives meeting today on the draft budget will not pass easily. Cougar said in a statement yesterday that (several articles were included in the bill without the approval of the committee and that some parties refuse to vote on it), indicating that (some parties do not want to pass the budget because they do not want to hold elections, so they justify many excuses for it, such as the excuse of the region and its value. The dinar against the dollar and the absence of justice between the provincial departments, to prevent the law from being passed). The Kurdish Hope Bloc in the House of Representatives stipulated two issues for voting on the draft law, and a member of the bloc, Sarkut Shamsuddin, said in a statement yesterday that (the bloc will not vote on any agreement between Baghdad and Erbil if it does not include the marketing of oil through the SOMO company and include the salaries of the region’s employees without any arguments or delay. He cut off), pointing out that (marketing the region's oil through partisan companies is a great waste of public money in betrayal of the constitution and the people), as he put it. The federal budget, in its version prepared for voting, included an increase in the percentage of petrodollars in addition to doubling the allocations for this sector from 500 billion to one trillion dinars, in order to invest them in the advancement of the oil-producing provinces, as the ratio increased to five dollars per barrel of oil, and these allocations will be deposited in a new fund. For the same. The budget was supposed to be passed and approved at the beginning of last week, but after this postponement, it is hoped that Parliament will hold a special session today on the issue of approving and adopting the budget law. After 46 meetings, the legislative authority failed to reach an agreement on the law due to disagreements between Baghdad and the Kurdistan region. Oil revenues, and some partisan forces control the division of the budget, which increased the intensity of the political quarrels. Economists emphasized that (the budget in all cases does not differ from past budgets, as it does not include real programs, radical changes in social affairs, and nothing tangible to solve Iraq's chronic crises such as unemployment, poverty and lack of services). And the Kurdistan Regional Government decided to pay the salaries of the region’s employees on a monthly basis at the specified dates without delay, with relative deductions that vary according to the financial returns of the government. A statement received by (time) yesterday said that (the Ministry of Finance in the region will begin to pay the salaries of employees on time and without delay, with relative deductions. Varies according to the financial returns of the government). While the General Secretariat of the Council of Ministers directed the Central Bank of Iraq to take appropriate measures regarding rescheduling of previous loans granted by banks to the initiative of the Central Bank of Iraq. Approved by the Central Bank, whether they are on permanent owners, contracts, retirees, or employees of the security services, as the settlement of the salary with any of the licensed banks and the reservation of the housing unit will be sufficient to grant the loan without the need for another guarantor (confirming) that the real estate bank and the housing fund are covered by the provisions of Article Two of Lending mechanisms notified in the letter of the General Secretariat of the Council of Ministers). On the other hand, the Central Bank confirmed that the new exchange rate has made major gains.[/size]
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