Editing date: 20/9/2020 11:06
Baghdad – Where News
The Kurdistan Democratic Party revealed, on Sunday, the developments of the agreements between Baghdad and Erbil, while noting that the presence of representatives from the General Authority for Customs Ports at the border crossings of the Kurdistan region
The deputy of the party bloc, Diyar Barwari, said that “among the previous agreements between Baghdad and Erbil, which have been confirmed at the present time, is the issue of the delivery of 250 thousand barrels of oil from the region to the SOMO company for the year 2020, as well as the issue of revenues from the border ports,” indicating That “there is a part of the internal sovereign imports related to the internal authorities of the region will be inventory, and then divided into 50 percent for each of the federal government and the region.”
He added, “The agreement focused on coordinating the two bureaus of financial control in the federal government and the region to monitor imports in general, in addition to assessing internal imports, as well as the presence of representatives from the General Authority for Customs Ports in the border outlets of the Kurdistan region, for the purpose of ensuring the application of the customs tariff law.” He pointed out that “these details will be the basis for the 2021 budget and other budgets.”
He stressed that “the Iraqi state is working on preparing a strategy for the next three years 21, 22 and 23, and the Ministries of Finance and Planning are working on preparing this strategy, and it relates to financial management for the next period, how to increase internal imports, focus on industry and agriculture, and control imports in border areas in general, increasing internal imports and reducing them.” From reliance on oil imports in the federal budget, which are working strategies that will be included in the upcoming annual budgets.