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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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    Kurdistan Finance responds to the statements of "false figures" regarding the region's revenues

    Rocky
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    • Post n°1

    Kurdistan Finance responds to the statements of "false figures" regarding the region's revenues Empty Kurdistan Finance responds to the statements of "false figures" regarding the region's revenues

    Post by Rocky Mon 07 Aug 2023, 7:26 am

    Kurdistan Finance responds to the statements of "false figures" regarding the region's revenues

    [ltr]2023.08.06 - 23:38[/ltr]


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    Baghdad - people  
    The Ministry of Finance of the Kurdistan Region responded, on Sunday, to the statements of deputies in the Iraqi parliament representing the Kurdistan region, and several media outlets, that the delegation of the Kurdistan Regional Government provided Baghdad with "false figures" about the local revenues of the Kurdistan region.  
      
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    The ministry said in a statement, which "NAS" received a copy of, (August 6, 2023), that "there has been a healthy and continuous relationship between the Financial Control Office in the federal government and the Financial Control Office of the Kurdistan Regional Government for nearly two years, and the audits have been approved by Federal and provincial government financial oversight offices.  
      
    The ministry added, “On 07/16/2023, a technical team from the Kurdistan Regional Government visited the Iraqi Ministry of Finance to discuss the preparation and submission of the monthly adjusted balance sheet report as required by Iraq on 7/30/2023, they submitted the revised balance sheet report for the month June".  
      
    And she continued, “For everyone’s information, the Federal Government Financial Supervision Office and the Kurdistan Region Financial Supervision Office are jointly responsible for auditing and approving the revised monthly balance sheet report, not the Ministry of Finance. It has audited the balance sheet for the past six months, so, it is better for these deputies to contact the side official before talking about an issue and obtaining correct information about it. Ministry of Finance and Economy. 6/8/2023.  
      
    The media and social media platforms circulated a statement by the head of the Patriotic Union of Kurdistan bloc, Harim Kamal Agha, in which he said: "The Federal Budget Law for the year 2023 includes mutual obligations by the federal government and the Kurdistan Regional Government."  
      
    He added, "The law obliges the federal government to send the salaries of Kurdistan Region employees in exchange for some obligations on the Kurdistan Regional Government, such as the delivery of oil and half of non-oil imports."  
      
    He continued, "The government of the Kurdistan region must hand over quantities of oil to the federal government to use for internal use, and at the current stage, the quantity is 50,000 barrels of oil per day."  
      
    And he indicated: "The estimation of the proportion of non-oil imports that the delegation of the Kurdistan Regional Government delivered to the federal government regarding federal imports is a very large amount, and the Kurdistan Regional Government cannot collect this amount monthly, as the delegation is the one who made a mistake in estimating non-oil imports," stressing that "their annual volume It amounts to 4 trillion and 500 billion dinars, and this is a large amount that the Kurdistan Regional Government cannot cover."  
      
    In addition, former MP Sherwan Mirza said in a press statement, "The delegation of the Kurdistan Regional Government should have informed the federal government of the true volume of non-oil imports instead of presenting the wrong statistics that caused the region's proportion to decrease."  
      
    He added, "The error is the fault of the delegation of the Kurdistan Regional Government, and it must provide real statistics to the federal government instead of providing statistics that are greater than the real percentage of the region's imports."  
      
    Mirza continued, "If the budget law enters into force, there will be audits for the Kurdistan Region's non-oil imports, after which the Kurdistan Region's share of the budget will be sent."  
      
    And between: "The Kurdistan Regional Government must address this problem in the volume of non-oil imports, otherwise it will face major problems in providing employee salaries during the coming months."  
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