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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 expects to settle the budget differences between Baghdad and Erbil through "mi

    Rocky
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    Parliamentary - Parliamentary Finance expects to settle the budget differences between Baghdad and Erbil through "mi Empty Parliamentary Finance expects to settle the budget differences between Baghdad and Erbil through "mi

    Post by Rocky Sat Jun 03, 2023 7:56 am

    Parliamentary Finance expects to settle the budget differences between Baghdad and Erbil through "middle" solutions




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    2023-06-03 06:36
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    Shafaq News/ A member of the Parliamentary Finance Committee, Mueen Al-Kadhimi, expects, on Saturday, that the existing disputes regarding the general budget will be settled with the Kurdistan Democratic Party by "moderate" solutions that will satisfy Baghdad and Erbil.
    Al-Kadhimi told Shafaq News agency that the coordination framework negotiator reached an agreement with the Democratic Party on the constitutional mechanism for exporting oil from the region.



    He continued by saying, "Dialogues are currently ongoing between the two parties regarding Article 14, which consists of 12 paragraphs, 6 of which are agreed upon within the government text, and 6 other paragraphs are being discussed because the region considers them interference in its affairs."
    Al-Kazemi also indicated that "discussions are underway regarding the management of border crossings between the federal government and the region, and preventing the extraction of oil from the Nineveh and Kirkuk fields by Kurdistan."
    The member of Parliamentary Finance pointed out that matters and differences will reach compromises during the next week, warning that the Finance Committee will make amendments to the budget, complete the transfer schedule and refer it to Parliament for a vote on it.
    On Tuesday, May 31, economist Nabil Al-Marsoumi declared that the coordination framework that includes the ruling Shiite political forces in the country had submitted a new proposal on paragraphs 13 and 14 of the budget for the Kurdistan Region.
    Al-Marsoumi, in a post on the social networking sites "Facebook", quoted private sources of this proposal.
    According to what is stipulated in the proposal, it is for the Kurdistan Region to deliver 400 thousand barrels of oil per day to the National Oil Marketing Company "SOMO", and to coordinate the sale of crude with this company as well.
    The sources stated that in the event that it is not possible to export oil through the ports of Turkey, Erbil will deliver the oil to Baghdad, and the Ministry of Oil, in turn, will find alternatives to selling Kurdistan's oil or using it internally.
    The sources pointed out that the federal government is committed to paying 400,000 barrels of oil from the sale of oil to Erbil in the event that it receives it from the region, provided that the money from oil sales is placed and recycled internally in an account belonging to the Federal Ministry of Finance.
    It is noteworthy that the Presidency and the Kurdistan Regional Government have recently objected to the amendments made to the paragraphs related to the region in the financial budget that the Iraqi parliament seeks to approve, describing it as a violation of the laws, the constitution, and the agreements concluded between Erbil and Baghdad, which resulted in the formation of the current federal government headed by Muhammad Shia al-Sudani.
    The President of the Kurdistan Region, Nechirvan Barzani, had expressed "deep concern" about what he called the changes that affected the paragraphs of the Iraqi general budget bill related to the constitutional rights of the Kurdistan Region, and said that he rejected them "completely."
    And before that, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, said, "A group in the Finance Committee of the Iraqi Parliament made changes to the draft federal budget, violating a prior agreement we concluded with the State of Prime Minister Muhammad Shia al-Sudani and his government," noting that "the agreement that is the cornerstone For cooperation between Erbil and Baghdad, and everyone must respect its clauses.
    And the Parliamentary Finance Committee recently voted to oblige the Kurdistan Region to pay 10% on a monthly basis from the salaries deducted to its employees, while this was included in the budget amendments that are being discussed.
    A member of the Parliamentary Finance Committee, Mustafa Sanad, also confirmed the committee’s vote to amend paragraphs related to the region in the budget law, regarding its delivery of oil, while pointing to the withdrawal of the Democratic Party bloc representatives from the meeting.
    And the Iraqi Council of Ministers approved, on the 13th of last March, the largest financial budget in the history of the country, which exceeded 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion Iraqi dinars, taking advantage of the rise in oil prices globally. , which constitutes more than 95% of the country’s financial revenues, amid objections from financial and legal experts regarding the budget items, but it has not yet been approved due to disagreements.
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