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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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    An economist reveals the amendment of 4 articles related to the region's share in the budget

    Rocky
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    • Post n°1

    An economist reveals the amendment of 4 articles related to the region's share in the budget Empty An economist reveals the amendment of 4 articles related to the region's share in the budget

    Post by Rocky Fri 26 May 2023, 4:11 am

    [size=35][size=35]An economist reveals the amendment of 4 articles related to the region's share in the budget[/size]
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    2023-05-26 | 03:07
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    Alsumaria News - Politics

    Economic expert Nabil Al-Marsoumi revealed today, Friday, the amendment of four articles related to the share of the Kurdistan region in the financial budget.


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    Al-Marsoumi said in a post, followed by[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria news[/url], that "the Parliamentary Finance Committee voted on several amendments related to[You must be registered and logged in to see this link.]First, an amendment was made in Article 13 second a, as[You must be registered and logged in to see this link.]is committed, according to the government version of the budget, to export no less than 400,000 barrels per day, while this paragraph became after the amendment, it stipulates that the region hand over the crude oil produced in its fields at a rate of no less than 400,000 barrels per day to the[url=https://www.alsumaria.tv/Entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Ministry of Oil[/url]to be exported through SOMO or used locally in Iraqi refineries.



    He added, "This amendment has added a kind of complication to the relationship between the center and the region because of the technical difficulties related to the delivery of the region's oil to the center on the one hand, and because of the center's stripping of the authority to export oil on the other hand."

    He continued, “Secondly, Paragraph C of the same article that provided for an obligation has been amended[url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url]By paying the region's dues monthly and making accounting settlements on a quarterly basis, meaning that the region was receiving its dues in the 2023 budget before the oil was delivered, but in the new amendment, the region was obligated to pay its oil and non-oil revenues before receiving its share of the budget

    . Article 14 was amended first, which stipulated that the total revenues of the region’s oil be deposited in one bank account, and after the amendment, the region became obligated to deposit oil revenues in a bank account opened in[url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url]In Jin, the province was seeking to open an account in a bank[url=https://www.alsumaria.tv/Entity/122971/%D8%B3%D9%8A%D8%AA%D9%8A %D8%A8%D9%86%D9%83/ar/]Citibank[/url]And he concluded: “

    Fourth, preventing the region from extracting oil from the fields of[You must be registered and logged in to see this link.]and[You must be registered and logged in to see this link.], which are currently under the control of the[You must be registered and logged in to see this link.]government, which currently constitutes more than a third of the region's production of crude oil."
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