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[size=52]A legal expert explains the extent of the powers of the Finance Committee and its procedures regarding the region[/size]
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Information / Baghdad...
The legal expert, Ali Al-Tamimi, explained the powers of the Parliamentary Finance Committee and its procedures regarding the federal budget, the region, transfers, and the increase or decrease in expenditures.
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Al-Tamimi told / information /, that "the Finance Committee has the right to transfer between the chapters of exchange in the budget, and it is not entitled to increase expenditures, i.e. it has the right to organize exchange operations and change them in a manner that is within the limits of what is specified by the Ministry of Finance and the Council of Ministers."
He added, "What the Finance Committee did to oblige the Kurdistan region to export oil through the SOMO company and not to pay the region its share of the money beyond that, is a procedure consistent with Federal Court decision 59 of 2012, which obligated the region to export through the aforementioned company."
And he indicated that "the decisions of the Federal Supreme Court are final and binding on all authorities, and determining the bank in which the export revenues are deposited is also related to regulatory matters, since the Rafidain Bank is governmental, so it is preferable to place oil imports in it."
And he stressed that "the Finance Committee's procedure agrees with Articles 93 of the House of Representatives' internal system, Article 62 of the Constitution, and the decision of the Federal Supreme Court 59 above, and the matter after that is decided by a vote by Parliament when these amendments are presented for a vote of acceptance or whether or not to keep the version of the amendment." ended 25 n
[You must be registered and logged in to see this link.]
The legal expert, Ali Al-Tamimi, explained the powers of the Parliamentary Finance Committee and its procedures regarding the federal budget, the region, transfers, and the increase or decrease in expenditures.
[You must be registered and logged in to see this link.]
Al-Tamimi told / information /, that "the Finance Committee has the right to transfer between the chapters of exchange in the budget, and it is not entitled to increase expenditures, i.e. it has the right to organize exchange operations and change them in a manner that is within the limits of what is specified by the Ministry of Finance and the Council of Ministers."
He added, "What the Finance Committee did to oblige the Kurdistan region to export oil through the SOMO company and not to pay the region its share of the money beyond that, is a procedure consistent with Federal Court decision 59 of 2012, which obligated the region to export through the aforementioned company."
And he indicated that "the decisions of the Federal Supreme Court are final and binding on all authorities, and determining the bank in which the export revenues are deposited is also related to regulatory matters, since the Rafidain Bank is governmental, so it is preferable to place oil imports in it."
And he stressed that "the Finance Committee's procedure agrees with Articles 93 of the House of Representatives' internal system, Article 62 of the Constitution, and the decision of the Federal Supreme Court 59 above, and the matter after that is decided by a vote by Parliament when these amendments are presented for a vote of acceptance or whether or not to keep the version of the amendment." ended 25 n
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