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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Baghdad transfers 200 billion dinars to the region

    Rocky
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    • Post n°1

    Baghdad transfers 200 billion dinars to the region Empty Baghdad transfers 200 billion dinars to the region

    Post by Rocky Sun 11 Jul 2021, 6:30 am

    Baghdad transfers 200 billion dinars to the region

    •  Time: 07/11/2021 13:33:28
       
    •  Reading: 182 times

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    {Economic: Al Furat News} A source in the Kurdistan Regional Government stated that the amount of 200 billion dinars, which was previously scheduled to be sent from the federal government to the Kurdistan Region, was transferred to the bank account of the regional government today, Sunday.
    The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    On June 15, 2021, the Presidency of the Iraqi Council of Ministers decided to send 200 billion dinars from the Kurdistan Region’s share of the general budget for the year 2021, and the decision of the Iraqi Council of Ministers caused various reactions among political forces and blocs within the Iraqi parliament.
    On June 24, the Prime Minister, Mustafa Al-Kazemi, said in a television interview, regarding what was said about the payment of 200 billion dinars to the Kurdistan Region, “The Kurdish people are our people, and we did not pay the region’s budget, but rather paid an advance for the purpose of paying the salaries of the region’s employees. It is unreasonable that The region’s employees are without salaries, despite all this, this is not a budget, but an advance that is deducted through an accounting process after the Bureau of Supervision in the region and the Bureau of Federal Oversight make an inventory of accounts and set-off, only nothing more.
    More than three months after the Iraqi parliament ratified the Iraqi federal budget law, some political parties in Baghdad continue to obstruct the implementation of articles related to the rights of the Kurdistan Region in the general budget. 
    The details of the Kurdistan Region’s share were fixed in Article (11) of the Iraqi Federal General Budget Law for the year 2021, which amounts to 129 trillion Iraqi dinars.
     The Kurdistan Region needs 895 billion dinars to cover the salaries of its employees in full, which means that the Kurdistan Region needs 10 trillion and 740 billion dinars per year for this purpose.
     Under Article (11) of the Iraqi Federal Budget Law for the year 2021, the Kurdistan Region must produce at least 460,000 barrels of oil per day from its oil fields, and after deducting the costs of extraction, transportation and quantities needed for local consumption, it must hand over to the federal government the revenues of 250 thousand barrels. Daily, at Sumo's price. It must also hand over to Baghdad 50% of its non-oil revenues. Then the Iraqi federal government releases the Kurdistan Region's share of the federal general budget.
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