Parliamentary Finance: The Kurdistan Region’s share in the federal budget is approximately 20 trillion dinars
Parliamentary Finance: The Kurdistan Region’s share in the federal budget is approximately 20 trillion dinars
2024-05-22 08:44
Shafaq News/ The Parliamentary Finance Committee confirmed, on Wednesday, that the Kurdistan Region’s share of the federal budget for the year 2024 has not changed from what was approved in last year’s budget.
Committee member Nermin Maarouf told Shafaq News Agency, “The Parliamentary Finance Committee has begun holding its meetings to discuss and study the schedules of the general budget law, and the meetings will be intensive daily until the final report is completed and the budget schedules are approved.”
She indicated that “the percentage of the Kurdistan Region in the 2024 budget is the same as that approved in the 2023 budget, which amounts to 12.67%, or about 20 trillion dinars.”
Earlier today, a parliamentary source informed Shafaq News Agency that the Parliamentary Finance Committee held its first meeting after receiving the 2024 budget tables, with the aim of reviewing the tables and starting to study them for the purpose of proceeding with their approval.
Later, the Finance Committee confirmed in a statement that it held its first meeting regarding the Federal General Budget Law for the year 2024, with the aim of developing a comprehensive plan to review and analyze the budget schedules and their items after they arrive from the Prime Minister’s Office.
The head of the Finance Committee, Atwan Al-Atwani, announced that he had received the budget tables after they arrived from the Presidency of the Council of Ministers, in preparation for discussing them and drawing up the financial policy for them, stressing the speedy completion of them before the end of the legislative term of the Council.
Yesterday, Tuesday, Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, referred the draft federal budget law 2024 to the Finance Committee after receiving it from the Iraqi government.
The 2024 budget, according to what Prime Minister Muhammad Shiaa Al-Sudani announced last Sunday, is 211 trillion dinars, and employee salaries for the year 2024 amount to 62 trillion dinars, while the 2023 budget amounted to 199 trillion dinars and employee salaries were 59 trillion dinars.
According to Al-Sudani, the revenues of the 2024 budget are estimated at “144 trillion and 336 billion dinars, while expenditures amount to 210 trillion and 936 billion dinars, while the deficit is 63 trillion and 599 billion dinars.”
Al-Sudani said, “The governorates’ allocations to local government programs with an investment allocation amounted to 10.633 trillion dinars in 2023, and we financed 3.333 trillion dinars, based on fundamental requests from the governorates,” adding, “The remainder of the allocation is 7.333 trillion dinars in a trust account, at the disposal of the governorate governments.”
shafaq.com
