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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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    What is the constitutionality of Baghdad sending financial loans to Erbil?

    Rocky
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    What is the constitutionality of Baghdad sending financial loans to Erbil? Empty What is the constitutionality of Baghdad sending financial loans to Erbil?

    Post by Rocky Tue 06 Jun 2023, 5:20 am

    [size=52]What is the constitutionality of Baghdad sending financial loans to Erbil?[/size]
    • June 5 19:19

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    [You must be registered and logged in to see this link.]How constitutional is it to send Baghdad financial loans to Erbil?.. An economist explains
    Information / special.
    Today, Monday, the legal expert, Haider Al-Soufi, explained the constitutionality of the central government sending money to Kurdistan in the form of loans, while stressing that the Federal Court's decision prevented sending Kurdistan's dues except under many conditions.
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    Al-Sufi said in an interview with Al-Maalouma agency, "The Federal Court's decision prevents sending the dues of the Kurdistan region except after paying the debts incurred from there, or sending 400,000 barrels per day from Kurdistan."
    He added, “As for sending the salaries of the Kurdistan region in the form of loans from government banks, it is not considered a payment of dues, but rather a grant of loans,” noting that “the Council of Ministers, according to Article 80 III of the Iraqi constitution, has the right to draw, plan, implement and supervise the general policy of the state, and within the general policy powers, lending.
    He pointed out, "The government can lend to whomever it wants according to Article 110 of the constitution as well, especially as it lends to citizens and companies. It is customary to lend to a region or governorate, and it is also customary to grant advances and loans in the event of delay in approving the budget.
    Al-Sufi said, "The central government has the constitutional right to grant loans according to Article 110 of the constitution, because it is guaranteed by the shares of the Kurdistan region in the federal budget."
    The expert stressed that "loans are not considered repayment of spending from the general budget, but are repaid when the budget is completed and its dues are paid, that is, after sending the share from the region, the federal government cuts the loan amount, stressing that "granting the loan does not contradict the decision of the Federal Court."
    The leader of the Kurdistan Democratic Party, Wafaa Muhammad, confirmed today, Monday, the central government's readiness to send 800 billion dinars to Kurdistan to pay the salaries of the region's employees, while stressing that sending these sums comes within the political agreement.
     On Monday, local media circulated news about the central government sending a new financial loan estimated at 400 billion dinars to the Kurdistan government. To pay the salaries of the region's employees, with the delay in approving the budget. Ended / 25 r.p
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