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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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    Al-Kazemi reveals the latest developments in the budget law and announces the allocation of addition

    Rocky
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    Al-Kazemi reveals the latest developments in the budget law and announces the allocation of addition Empty Al-Kazemi reveals the latest developments in the budget law and announces the allocation of addition

    Post by Rocky Wed 31 May 2023, 5:35 am

    [rtl]Al-Kazemi reveals the latest developments in the budget law and announces the allocation of additional funds to the governorates[/rtl]

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    [rtl]Baghdad - Iraq today:

    The Parliamentary Finance Committee revealed the controversial items with the Kurdistan Democratic Party regarding the budget, while indicating the possibility of resorting to a majority vote in the event of a political agreement not being reached.

    Committee member Mueen Al-Kazemi said in a statement, “The Kurdistan Democratic Party called on the State Administration Coalition to wait on the budget, which led to a delay in holding the parliament session to vote on the budget,” noting, “A meeting was held between the coordination framework and the Democratic Party, and it was agreed on the context of exporting oil from Territory".

    He continued, "There is no disagreement over the region's share within the budget, which amounts to 12.67 percent, but the difference was in the visions regarding the oil export mechanism," explaining, "The conviction of the coordination framework is that the region is Committed to producing no less than 400 thousand barrels of oil and costs SOMO is authorized to export, sell, and deposit oil revenues and oil derivatives in an account with the Central Bank, and authorizes the Prime Minister of the region to spend from this account according to to the decisions of the budget, with efforts made by the Ministry of Oil and the region to resume export to the port of Ceyhan, and in the event that it is not possible to export the 400 thousand barrels of oil,it is transferred to domestic consumption by the federal government and compensated from the South.”

    And he stated, "The region's share of the budget is 19 and a half trillion dinars, to which is added a share of medicines, a ration card and other materials, to reach about 20 trillion dinars," pointing out, "This solution is the safest and the Kurdistan Democratic Party approved it, but the objection is on two points, which are not mentioning SOMO in the budget law despite the party's approval of that, and that oil revenues are deposited in accounts belonging to the Kurdistan region without going through the Central Bank.

    And he stated, “The Finance Committee added a number of paragraphs in Article 14 of the budget rejected by the Democratic Party, which relates to demands from the Patriotic Union of Kurdistan and the Kurdish blocs, including compensation for the region's employees for compulsory savings that lasted 8 years on Kurdistan employees and deducted from them sometimes 50 percent of their income.” Salary, fairness to the provinces and preventing the export of oil from the wells of Nineveh and Kirkuk.

    He pointed out, "The State Administration Coalition will resolve the issue of the budget during the next week," expecting that "in the event that the political agreement is not reached, a majority vote on the budget will be resorted to."

    Regarding the governorates' shares, Al-Kazemi confirmed that "the value of the allocations for the development of the regions was raised from 2.5 trillion to 5 trillion dinars, in addition to two trillion dinars for petrodollars and the remaining 8 trillion dinars from the emergency support law, which was not spent and is still present in the governorates.”[/rtl]
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