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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

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    Understandings to return the Kurdistan region's share to 17 percent in the current year's budget

    Rocky
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    • Post n°1

    Understandings to return the Kurdistan region's share to 17 percent in the current year's budget Empty Understandings to return the Kurdistan region's share to 17 percent in the current year's budget

    Post by Rocky Wed 16 Mar 2022, 1:59 pm

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    Baghdad - INA - Nour al-Zaidi
    , the Kurdistan Democratic Party confirmed, today, Wednesday, that there is an evening to reconsider the Kurdistan region’s share in the 2022 budget 
    . Representative of the Democratic Party, Suleiman Sharif, told the Iraqi News Agency (INA), that “it was agreed on the broad outlines of the general budget.” In general, the region's share is proportional to the population density, which is 17%, as it was in the past, instead of 12.67 percent. 
     He added, "The region does not demand more than the real percentage it deserves from the general budget," stressing "the need to rely on political agreements and to stay away from the polemics that led to many problems between the center and the region in the past." 
    He pointed out that "Parliament will be responsible in the next stage to approve the budget law in a special and just and that the region's share is just." 
    The deputy head of the Sadrist bloc, Hassan Al-Kaabi, called on parliament, earlier, to propose a draft budget for the current year, in coordination with the government, to expedite its approval. 
    Al-Kaabi told Al-Iraqiya News, and it was followed by the Iraqi News Agency (INA), that "the 2022 draft budget is very important for the administration of the state and all governorates, and the benefits of its approval are not limited to official institutions and are reflected in the overall work of the public and private sectors."
    He added, "The bylaw of the executive authority prevents disruption of important laws such as the budget law, and there must be cooperation and coordination between the legislative authority and the government by proposing the draft budget from the House of Representatives and through full coordination with the Ministry of Finance and the government, and this must happen so that the budget items are not challenged." before the federal government.
    He stressed, "The executive and legislative authorities must share the need to pay attention and consider that the budget law is important for the Iraqi state, especially in this period when prices are rising, because the budget will be reflected on the beneficiaries directly and indirectly on the private, agricultural, industrial, and oil sectors, especially since the financial abundance now is not speculative, but true.
    He pointed out that "the House of Representatives in the 2021 budget set a hypothetical price per barrel proposed by the government at $42, and parliament raised it to $45, and now prices have exceeded that by several times, and if we set prices ranging between 65-90 dollars per barrel, this will be normal because the current crises represented by the war between Russia and Ukraine will continue." Even after its termination due to its repercussions, for example, the sanctions that happened with Iraq after the second Gulf War and the American occupation, if their repercussions expanded towards banning the import of some goods and products.
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