The Parliamentary Finance Committee announced, yesterday, Friday, the completion of the vote on the most important dilemma in the federal budget, which is the share of the region despite the objection of the Kurdistan Democratic Party, and only a few simple paragraphs in the tables and transfers remain for the committee, which need about 24 hours. The Finance Committee is likely to hand over the draft budget to the presidency of the House of Representatives tomorrow, Sunday, to be included on the agenda.
The member of the Finance Committee Moeen Al-Kazimi said, in a statement to the official newspaper followed by the insider, that: “The region’s share in the budget was voted on Articles 13 and 14 after an amendment was made to the copy of the budget sent by the government, despite the objection of the Kurdistan Democratic Party bloc,” noting that “as the committee has completed all the articles of the 67 budget, and today (Saturday) some transfers are completed with the financial aspects and the schedules are amended, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it.”
He added, “There is no amendment to the region’s share 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 export from the region, which is that Iraq has an export share of 3 and a half million barrels per day of oil, so the region’s share became 400 thousand barrels and the rest of the provinces export 3 million and 100 thousand barrels.”
He continued: “The signing of oil contracts with companies is carried out by the Iraqi Ministry of Oil and not the territorial government, and this is what has been 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 into 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 disburse, and the region’s share will be transferred to the bank account provided by the regional government.”
Al-Kazimi explained that “a paragraph has been added, which is that the region has no right to export oil from Nineveh wells or Kirkuk and other materials that control accounts with the region, and there are provisions for non-oil revenues and their delivery to the federal government,” adding that “there is another article related to the amounts that the territorial government was deducted from the salaries of its employees as compulsory savings, so the law included an article that forces the territorial government to pay this saving and return it to employees and its percentage of 10% of the salary monthly, until the employees of the region complete their entitlements from the compulsory savings exercised on them during the previous period.”
In addition, committee member Jamal Cougar told the official newspaper that “the budget can be handed over to the presidency of parliament tomorrow, Sunday, because there are paragraphs that have not yet been completed, which are the transfers, schedules, the issue of some additional paragraphs and the overall vote on the budget within the committee.”
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