16 hours ago
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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.
Al-Tamimi said in a press interview seen by “Takadam” that “the Finance Committee has the right to transfer between the chapters of expenditure in the budget, and it is not entitled to increase expenditures, i.
He added that "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 be exported 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’ bylaws, Article 62 of the Constitution, and the decision of the Federal Supreme Court 59 above.
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