The Federal Court rejects a lawsuit against sending 700 billion dinars to the Kurdistan Region
The Federal Court rejects a lawsuit against sending 700 billion dinars to the Kurdistan Region
2023-09-21 00:56
Shafaq News / Secretary of the Kurdistan Regional Council of Ministers, Amanj Rahim, reported on Thursday that the Federal Supreme Court (the highest judicial authority in the country) refused to issue a state order suspending the Iraqi Council of Ministers’ decision to send 700 billion dinars to the region to finance the salaries of employees and workers in the public sector. there.
Rahim said in a written statement that he distributed to local Kurdish media, “The Federal Court rejected Representative Mustafa Sanad’s request to issue a state order suspending the work of Federal Council of Ministers Resolutions No. 23500 and 23520 for the year 2023 regarding granting a loan worth 700 billion dinars per month to the government.” Kurdistan Region for three months.
A high-level delegation from the Kurdistan Regional Government, headed by Masrour Barzani, visited the capital, Baghdad, last week, and held a series of meetings and meetings with the three presidencies, leaders and leaders of the political blocs and forces, with the aim of resolving the problem of financing the monthly salaries of the region’s employees, and securing Kurdistan’s share of the budget. A formula has been reached. An understanding was announced by the Council of Ministers in a session held later.
The Council of Ministers had decided, in a session held on Sunday, September 17, to amend its previous decision No. (23500) of 2023 to be as follows:
1. Rafidain and Rasheed Banks and (TBI) will lend the Iraqi Kurdistan Regional Government an amount of two trillion and one hundred billion dinars for the current fiscal year, to be paid in three equal installments of 700 billion dinars for each installment, starting in September.
2. The Federal Ministry of Finance will repay the loan amounts mentioned in Paragraph (1) above from the region’s allocations in the federal general budget for the fiscal year 2023, after settling what is owed.
3. In the event that the remainder of the region’s share is insufficient to repay the loan amounts in implementation of Paragraph (2) above, the Federal Ministry of Finance shall repay the aforementioned loan amounts from the region’s allocations in the federal budget for the fiscal year (2024), or from any other dues to the aforementioned banks, before… Pay any dues to the region.
4. The Ministry of Finance places a bank deposit with the aforementioned banks equal to the loan amounts of each of them, which is withdrawn after implementing the aforementioned paragraphs (2, 3).
5. The Federal Office of Financial Supervision, in coordination with the Office of Financial Supervision in the region, shall audit the numbers of employees and those covered by social welfare salaries and retirees in the region according to the lists submitted to the Federal Ministry of Finance and the amount of their salaries within a period not exceeding (30) days from the date of issuance of this decision. In accordance with the requirements set by the two aforementioned offices.
shafaq.com
