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[size=36]Erbil decides to transfer non-oil revenues to Baghdad[/size]
Political | 07:36 - 04/24/2024
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Mawazine News - Baghdad
Prime Minister Masrour Barzani chaired, today, Wednesday, a meeting of the Council of Ministers of the Kurdistan Regional Government.
Barzani’s media office stated in a statement received by Mawazine News: “Today we commemorate the fiftieth anniversary of the bombing of Diza Castle and the students of Sulaymaniyah University in 1974 and the shooting of a demonstration in 1982. Thanks to the blood and sacrifices of our martyrs, these achievements were achieved, and the Prime Minister stressed that we always remember the struggle and sacrifices of the martyrs.” .
He added, "The Prime Minister talked about the visit of Turkish President Recep Tayyip Erdogan to Baghdad and Erbil, and said that it is an important visit and will have an impact in strengthening and developing bilateral relations."
It is reported, “In the first item of the meeting, Awat Sheikh Janab, Minister of Finance and Economy, presented a report on the steps taken by his ministry regarding the salary for the month of April, which a few days ago it officially audited and approved the list of employees receiving their salaries as of last month, and it can be sent with the salaries of other regions of the country.” Iraq".
He stated, “The Minister of Finance and Economy presented, within the framework of a report prepared jointly with the negotiating delegation, several mechanisms for implementing the obligations of the Kurdistan Regional Government in the field of non-oil revenues and how to share them with Baghdad, in accordance with the Constitution, the Federal Budget Law, and the Federal Financial Management Law, and this is an initiative by the Regional Government.” Kurdistan to resolve this issue, so that the issue of revenues does not become an obstacle to paying financial dues to the Kurdistan region, especially the salaries of the Kurdistan region.”
When congratulating this initiative, the Council of Ministers stressed “not leaving any excuse to use the Federal Ministry of Finance as an excuse for not paying the region’s financial salaries and dues. In this regard, the Council of Ministers appointed the Ministry of Finance and Economy and the negotiating delegation to transfer what the applicable federal law determines as the Federal Treasury’s share of revenues.” Non-oil revenues realized in the region are transferred to the account of the Federal Ministry of Finance.
Regarding the issue of localizing the salaries of Kurdistan employees, the Council of Ministers stressed that “it considers this issue important and the Kurdistan Regional Government has never been against the localization of the salaries of employees in the region through (My Account), which was launched in the region as an important step to strengthen the economic infrastructure and enhance banking activities and transparency in activities.” Finance and citizens benefiting from all the benefits and facilities that banks provide to citizens as is the practice in the developed world. Therefore, the discussions with the federal government revolve around the banking mechanism more than the process itself, and this problem must be solved by finding a common understanding for the benefit of the employees who receive their salaries and completing the process easily. Through accredited banks under the supervision and licensing of the Central Bank, a localization process takes place within the framework of the localization project called (My Account), which fulfills all the requirements of the Central Bank, and the Kurdistan Regional Government plays only a facilitating role, as the participating banks are licensed, and some of them also participate in the localization process in parts Another one from Iraq.
Regarding the issue of oil exports, “The Kurdistan Regional Government wants to resume oil exports as soon as possible, as we agreed with the federal government to sell oil through SOMO and the revenues will return to the federal treasury, and after resolving the outstanding issues, this must be within the framework of the recent joint memorandum signed.” In January of this year, taking into account constitutional principles.”
The Council of Ministers calls on the federal government to "send financial dues to the Kurdistan region, including the salaries of the region's employees and other allocations from the operational budget and investment and development projects."
Prime Minister Masrour Barzani chaired, today, Wednesday, a meeting of the Council of Ministers of the Kurdistan Regional Government.
Barzani’s media office stated in a statement received by Mawazine News: “Today we commemorate the fiftieth anniversary of the bombing of Diza Castle and the students of Sulaymaniyah University in 1974 and the shooting of a demonstration in 1982. Thanks to the blood and sacrifices of our martyrs, these achievements were achieved, and the Prime Minister stressed that we always remember the struggle and sacrifices of the martyrs.” .
He added, "The Prime Minister talked about the visit of Turkish President Recep Tayyip Erdogan to Baghdad and Erbil, and said that it is an important visit and will have an impact in strengthening and developing bilateral relations."
It is reported, “In the first item of the meeting, Awat Sheikh Janab, Minister of Finance and Economy, presented a report on the steps taken by his ministry regarding the salary for the month of April, which a few days ago it officially audited and approved the list of employees receiving their salaries as of last month, and it can be sent with the salaries of other regions of the country.” Iraq".
He stated, “The Minister of Finance and Economy presented, within the framework of a report prepared jointly with the negotiating delegation, several mechanisms for implementing the obligations of the Kurdistan Regional Government in the field of non-oil revenues and how to share them with Baghdad, in accordance with the Constitution, the Federal Budget Law, and the Federal Financial Management Law, and this is an initiative by the Regional Government.” Kurdistan to resolve this issue, so that the issue of revenues does not become an obstacle to paying financial dues to the Kurdistan region, especially the salaries of the Kurdistan region.”
When congratulating this initiative, the Council of Ministers stressed “not leaving any excuse to use the Federal Ministry of Finance as an excuse for not paying the region’s financial salaries and dues. In this regard, the Council of Ministers appointed the Ministry of Finance and Economy and the negotiating delegation to transfer what the applicable federal law determines as the Federal Treasury’s share of revenues.” Non-oil revenues realized in the region are transferred to the account of the Federal Ministry of Finance.
Regarding the issue of localizing the salaries of Kurdistan employees, the Council of Ministers stressed that “it considers this issue important and the Kurdistan Regional Government has never been against the localization of the salaries of employees in the region through (My Account), which was launched in the region as an important step to strengthen the economic infrastructure and enhance banking activities and transparency in activities.” Finance and citizens benefiting from all the benefits and facilities that banks provide to citizens as is the practice in the developed world. Therefore, the discussions with the federal government revolve around the banking mechanism more than the process itself, and this problem must be solved by finding a common understanding for the benefit of the employees who receive their salaries and completing the process easily. Through accredited banks under the supervision and licensing of the Central Bank, a localization process takes place within the framework of the localization project called (My Account), which fulfills all the requirements of the Central Bank, and the Kurdistan Regional Government plays only a facilitating role, as the participating banks are licensed, and some of them also participate in the localization process in parts Another one from Iraq.
Regarding the issue of oil exports, “The Kurdistan Regional Government wants to resume oil exports as soon as possible, as we agreed with the federal government to sell oil through SOMO and the revenues will return to the federal treasury, and after resolving the outstanding issues, this must be within the framework of the recent joint memorandum signed.” In January of this year, taking into account constitutional principles.”
The Council of Ministers calls on the federal government to "send financial dues to the Kurdistan region, including the salaries of the region's employees and other allocations from the operational budget and investment and development projects."
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