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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The financial budget is subject to political and economic amendments in the next parliamentary sessi

    Rocky
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    The financial budget is subject to political and economic amendments in the next parliamentary sessi Empty The financial budget is subject to political and economic amendments in the next parliamentary sessi

    Post by Rocky Mon 25 Nov 2024, 4:18 am

    Posted on[You must be registered and logged in to see this link.] by [You must be registered and logged in to see this link.]

    [size=52]The financial budget is subject to political and economic amendments in the next parliamentary session[/size]

    [size=45]The Finance Committee of the Council of Representatives revealed the details of the amendment to the budget law included on the agenda of next Tuesday's session.
    The agenda of the Council of Representatives for Tuesday included the first reading of the draft law amending the first federal budget law of the Republic of Iraq for the fiscal years (2023, 2024, 2025) No. (13) of 2023.
    Regarding these amendments, committee member MP Jamal Kocher said, "The amendment to the budget law includes one paragraph, which is the cost of producing oil in the Kurdistan Region. The previous amount was very small, and after study and discussions between the federal government and the regional government, they reached the conclusion that the estimate should be immediate to address and solve the problem and be (16) dollars per barrel, until the final answer is obtained from the advisory committee specialized in determining production costs in coordination with the regional government and production companies operating in the fields."
    Kocher added that “this amendment aims to solve the problem and re-export the Kurdistan Region’s oil to the Turkish port of Ceyhan, and there is a political agreement on this, and the political agreement stressed the necessity of solving this problem, and without the political agreement, this amendment would not have been presented to the House of Representatives, and it will be passed according to this agreement without any obstacles within Parliament regarding this increase.”
    For his part, member of the Parliamentary Finance Committee, Moeen Al-Kazemi, explained that the paragraph amending the general budget law will be limited to Articles 12 and 13 related to the Kurdistan Region’s oil exports and revenues.
    Al-Kazemi explained that “Article 12, which will be amended in the budget law, relates to the costs of producing and transporting oil in the region, as the costs of oil production differ in Basra and are calculated at $6 per barrel, while in the Kurdistan Region they are calculated at $20.”
    He pointed out that “Article 13 of the budget law, which will witness the amendment, relates to the region’s oil exports and its export via the Turkish port of Ceyhan.”
    Al-Kadhimi pointed out the importance and emphasis on amending the budget law and voting on it before the end of the current legislative session, especially since the extended session will end on December 9.[/size]
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