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[size=38]Economist: Baghdad Is Able To Deduct All The Debts Of Kurdistan Through The Clearing
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02/17/2022 | 11:28 AM
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02/17/2022 | 11:28 AM
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Information / Baghdad..
The economic expert, Nabil Jabbar, revealed, on Thursday, the mechanisms of the Financial Supervision Bureau to monitor Kurdistan’s oil funds after the federal decision regarding the unconstitutionality of selling oil outside the Federal Sumo Company, indicating that the government is able to return all funds through the clearing.
Al-Ali said in a statement to "The Information", that "the recent decision of the Federal Supreme Court obliges the regulatory authorities in Iraq, such as the Federal Financial Supervision Bureau, to see the volume of contracts and all revenues related to oil wealth in Kurdistan."
He added, "The region has financial benefits owed by the federal government for previous years. Clearing and settlement operations can be conducted between the center and the region to account for Kurdistan's dues from the federal budgets in exchange for its obligations."
Al-Ali pointed out that “the file of contracts concluded by the region falls within the jurisdiction of the Federal Ministry of Oil.” End / 25 h
The economic expert, Nabil Jabbar, revealed, on Thursday, the mechanisms of the Financial Supervision Bureau to monitor Kurdistan’s oil funds after the federal decision regarding the unconstitutionality of selling oil outside the Federal Sumo Company, indicating that the government is able to return all funds through the clearing.
Al-Ali said in a statement to "The Information", that "the recent decision of the Federal Supreme Court obliges the regulatory authorities in Iraq, such as the Federal Financial Supervision Bureau, to see the volume of contracts and all revenues related to oil wealth in Kurdistan."
He added, "The region has financial benefits owed by the federal government for previous years. Clearing and settlement operations can be conducted between the center and the region to account for Kurdistan's dues from the federal budgets in exchange for its obligations."
Al-Ali pointed out that “the file of contracts concluded by the region falls within the jurisdiction of the Federal Ministry of Oil.” End / 25 h
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