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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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    Parliamentary Finance: The budget will be ready for presentation to the House of Representatives tom

    Rocky
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    Parliamentary Finance: The budget will be ready for presentation to the House of Representatives tom Empty Parliamentary Finance: The budget will be ready for presentation to the House of Representatives tom

    Post by Rocky Sat 27 May 2023, 6:49 am

    [size=46]Parliamentary Finance: The budget will be ready for presentation to the House of Representatives tomorrow, Saturday[/size]
    Iraq
    17:01 - 2023-05-26
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    A member of the Parliamentary Finance Committee, Representative Mudhar Al-Karwi, confirmed, on Friday, that he had bypassed 5 of the most important complexities of the 2023 budget. Al-Karawi
    said in a press interview, “The 2023 budget is almost complete in terms of items and appendices, and there is a series of evening sessions to resolve some issues, but in general, the budget witnessed many changes in important files".
    He added, "5 of the most complexities of the 2023 budget have been overcome, most notably the financial deficit and securing the entitlements of important segments in terms of stabilization, in addition to the entitlements of the provinces within the development of the regions."
    He pointed out that "the 2023 budget will be ready to be presented to the House of Representatives tomorrow, Saturday, in any case, stressing its importance in ensuring the financial benefits of all ministries, state institutions and their employees."
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    Parliamentary Finance: The budget will be ready for presentation to the House of Representatives tom Empty Parliamentary Finance confirms the readiness of the budget and its delivery today to the Presidency

    Post by Rocky Sat 27 May 2023, 7:55 am

    [size=30]Parliamentary Finance confirms the readiness of the budget and its delivery today to the Presidency of Parliament for the purpose of voting on it[/size]

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    AM:11:27:27/05/2023

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    Today, Saturday, the Parliamentary Finance Committee announced that the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it, after completing some financial transfers and amending the schedules.


    And committee member Mueen Al-Kazemi said, in a press statement followed by NRT Arabia, that "the region's share in the budget was voted in Articles 13 and 14 after an amendment was made to the copy of the budget sent by the government, despite the objection of the Kurdistan Democratic Party bloc," indicating that "thereby the committee will have completed all the 67 articles of the budget, and today, Saturday, some financial transfers will be completed and the schedules amended, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it. 


    Al-Kadhimi added, "There is no amendment to the region's share in the budget, and it remained as it came from the government at 12.67 percent," pointing out that "the amendment was added to the scenario of distributing oil exports from the region , which is that Iraq has an export share of 3 and a half million barrels per day of oil.” Oil, so the share of the region became 400 thousand barrels, and the rest of the provinces exported 3 million and 100 thousand barrels.  


    He explained, "The signing of oil contracts with companies is carried out by the Iraqi Ministry of Oil and not the region's government, and this is what was confirmed by the Federal Court and the Arbitration Committee in Paris," adding that "oil revenues from The four companies operating in the region will be deposited in the central bank's account in the name of the Ministry." Finance, and the federal prime minister will authorize the prime minister of the region to spend, and the region's share will be transferred to the bank account provided by the region's government.   


    And Al-Kazemi stated, “A paragraph has been added, which is that the region is not entitled to export oil from the wells of Nineveh or Kirkuk and other materials that control accounts with the region, and there are provisions related to non-oil revenues and handing them over to the federal government,” adding that “there is another article related to the amounts that were The regional government deducts it from the salaries of its employees as compulsory savings, so the law included an article obliging the regional government to Pay this savings and return it to the employees at a rate of 10% of the salary per month, until the employees of the region complete their entitlements from the compulsory savings that were practiced on them during the previous period.   


    In addition, a member of the committee, Jamal Cougar, indicated that "the budget can be handed over to the Presidency of Parliament tomorrow, Sunday, because there are paragraphs that have not been completed yet, which are the transfers, schedules, and the issue of some additional paragraphs, and the overall vote on the budget within the committee.


    Yesterday, Friday, the Parliamentary Finance Committee announced the completion of voting on the most important dilemma in the federal budget, which is the share of the region, despite the objection of the Kurdistan Democratic Party. The Finance Committee will hand over the draft budget to the Presidency of Parliament tomorrow, Sunday, to be included on the agenda.     


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