Kurdish MP: Great progress in budget negotiations with Baghdad, with high fluidity

Kurdish MP: Great progress in budget negotiations with Baghdad, with high fluidity

02/18/2021 13:19:07

Kurdish MP - Great progress in budget negotiations with Baghdad with high fluidity{Baghdad: Al Furat News} The MP for the Patriotic Union of Kurdistan, Dylan Ghafour, announced today, Thursday, significant progress in the ongoing negotiations in Baghdad on the federal budget for 2021.
A high-ranking delegation from the Kurdistan Regional Government, headed by Qubad Talabani, Vice President of the Kurdistan government, continues its negotiations with officials in Baghdad regarding the region’s share of the budget and the salaries of employees.
Ghafour explained in a press statement, “The negotiations are proceeding smoothly between the two sides, and great progress is” likely “to include the draft federal budget law for 2021 in the agenda of the House of Representatives to vote next week.
She added, “Two articles in the budget about the dues of the Kurdistan region will remain as they came in the draft law, expressing optimism for the success of the negotiations that are still continuing soon.”
Samir Hawrami, the spokesman for the deputy head of the regional government and the head of the Kurdish negotiating delegation, Qubad Talabani, revealed in a press statement the signs of approaching and agreeing with Baghdad regarding the Kurdistan region’s share in the federal financial budget for 2021.
Hawrami said, “There are signs of approaching a consensual formula close to the text of the draft budget law that was agreed upon between the regional government and the federal government,” indicating that Talabani “continues in meetings and consultative meetings with political blocs and personalities to reach a compromise formula that satisfies all parties, according to the merits. Constitutional “.
A source familiar with the negotiations’ progress said that there is an understanding “of the region’s commitment to deliver 250,000 barrels of oil per day at the price of the Federal National Oil Company (SOMO), provided that the regional government will market it, in addition to 50 percent of the imports of the border crossings.”
It is noteworthy that the Parliamentary Finance Committee prefers to submit the budget bill to a vote in Parliament, next week.
The committee reduced the size of the budget from 164 trillion dinars to about 127.
Article {11 – first} of the draft budget stipulates the settlement of receivables between the federal government and the Kurdistan Region for the years 2004 through 2020, after the Federal Office of Financial Supervision, in coordination with the Kurdistan Regional Office of Financial Supervision, audited them.
Also, starting from the year 2021, the Federal Ministry of Finance will download the debt installments owed by the Kurdistan Region granted to it by the Iraqi Commercial Bank and schedule it over ten years. Article {11 – second} of the draft law obliges the Kurdistan Regional Government to deliver 250 thousand barrels of crude oil per day of oil The crude produced from its fields, and that the oil and non-oil revenues are delivered to the state treasury exclusively.

alforatnews.com