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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    Parliament and government.. a race with the 2025 budget

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 282968
    Join date : 2012-12-21
    • Post n°1

    Parliament and government.. a race with the 2025 budget Empty Parliament and government.. a race with the 2025 budget

    Post by Rocky Wed Dec 11, 2024 7:04 am

    [size=46]Parliament and government.. a race with the 2025 budget[/size]
    Iraq
    09:27 - 2024-12-11
    [You must be registered and logged in to see this image.]
    The 2025 budget schedules in Iraq are witnessing a delay that has sparked widespread controversy between the government and parliament, as the government has not yet sent the full details of the budget to the Council of Representatives, which has raised concerns among members of the parliamentary finance committee regarding the deadline for approval.

    Statements indicate that the reasons for the delay are related to reviews of the financial schedules, especially those related to oil extraction expenses in the Kurdistan Region and the costs of projects funded in 2025.

    The Financial Management Law requires the government to submit the general budget to the Council of Representatives 45 days before the beginning of the fiscal year, in order to allow the necessary time for discussion and approval. Despite the clarity and explicitness of the legal text, no Iraqi government, including the current government, has committed to implementing this entitlement.

    Member of the Parliamentary Finance Committee Mustafa Al-Karaawi revealed the existence of legal and constitutional violations by the government in sending the budget law to the Council of Representatives.

    Al-Karaawi says that Article 77, paragraph two of the Federal Triennial Budget Law stipulates that the government must send the budget schedules before the end of the fiscal year, indicating that the government has sent only one amendment to the text of the budget, which is the text of Article 12 related to the costs of oil extraction in the region.

    He added that not sending the schedules on time is a legal and constitutional violation, and if the government proceeds with amendments to the articles, there are many articles that need to be amended and to be fair to many segments, adding: We recorded all these observations in the session last Tuesday during the first reading of the amendment to the budget law.

    He explained that his committee is working on re-amending the budget law and sending it to the government to work on general amendments to the law to be fair to all segments of society and address the problems in the previous budget.

    In addition, member of the Parliamentary Finance Committee Hussein Mounes revealed that the budget amendments are subject to political amendments, not technical ones.

    Mounes says that the government has a point of view in resolving the problems with the region by increasing production costs to $16 per barrel.

    He explained that the government's proposal is to prepare an advisory body, and in the event of non-compliance, a committee of consultants will be formed to determine production costs.

    He pointed out that the Finance Committee specified that the amount be an advance granted to the region and a clearing will be arranged later.

    It is noteworthy that the House of Representatives previously hosted Prime Minister Mohammed Shia al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Wed Jan 15, 2025 10:36 am