Parliamentary Finance denies presenting the budget to a vote in the coming hours
Parliamentary Finance denies presenting the budget to a vote in the coming hours
5-27-2023
Information/Baghdad..
A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, confirmed that the budget will not be presented for voting tomorrow, Sunday, indicating that the Finance Committee authorized the prime minister the right to supervise the export of Kurdistan’s oil.
Al-Kadhimi said in a statement in a televised interview, followed by Al-Maalouma, that the Parliamentary Finance Committee has completed most of the budget items and will send them tomorrow to the Presidency of the House of Representatives, in preparation for setting a date for approval
. The budget sent by the government, despite the objection of the Kurdistan Democratic Party bloc,” stressing that “thus the committee will have completed all the 67 articles of the budget, and today (Saturday) some transfers will be completed with the financial aspects and the amendment of the schedules, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it. ”
He pointed out, “There is no amendment to the share of the region in the budget, and it remained as it came from the government 12.67%,” noting that “the amendment was added to the scenario of distributing oil exports from the region, which is that Iraq has an export share of 3 and a half million barrels per day of oil.” So the share of the region became 400 thousand barrels, and the rest of the provinces exported 3 million and 100 thousand barrels.
He continued, “The signing of oil contracts with companies is carried out by the Iraqi Ministry of Oil, not the regional government, and this is what was confirmed by the Federal Court and the Arbitration Committee in Paris,” and indicated that “oil revenues from the four companies operating in the region will be deposited in the central bank account in the name of the Ministry of Finance.” And the federal prime minister will authorize the prime minister of the region to spend, and the region’s share will be transferred to the bank account provided by the region’s government.
Al-Kazemi explained, “A paragraph has been added, which is that the region is not entitled to export oil from the wells of Nineveh or Kirkuk and other materials that control accounts with the region, and there are provisions related to non-oil revenues and handing them over to the federal government,” adding that “there is another article related to the amounts that were The regional government deducts it from the salaries of its employees as compulsory savings, so the law included an article obliging the regional government to pay this savings and return it to the employees, at the rate of 10% of the salary per month, until the employees of the region complete their entitlements from the compulsory savings practiced on them during the previous period.
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