- Time: 2023/06/05 13:36:01
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{Political: Euphrates News} The MP of the Alliance of State Forces Ali Al-Banawi announced, on Monday, that the draft budget bill has reached the alliance to discuss the outstanding points with the region.
Al-Bandawi told {Euphrates News} that “the draft budget law has reached the coalition to be studied and the outstanding points discussed with the Kurdistan region,” noting that “we will not yet be informed of the date of presenting the budget to the House of Representatives and that the fundamental dispute that appears with each budget is with the region.”
“Most things will be completed within the current or next week at the latest,” he added.
It is noteworthy that the Kurdistan Regional Government recently objected to amendments made to the paragraphs of the region in the financial budget that the Iraqi Council of Representatives seeks to approve, describing them as a violation of the laws, the Constitution and the agreements concluded between Erbil and Baghdad.
On March 13, the Council of Ministers approved the largest financial budget in the country’s history, which exceeded 197 trillion and 828 billion Iraqi dinars, (about 152.2 billion dollars), with a total deficit of 63 trillion Iraqi dinars, taking advantage of the rise in oil prices globally, which constitutes more than 95% of the country’s financial revenues, amid objections of financial experts and law regarding the budget items, but it has not taken its way to approval so far because of differences.
It is noteworthy that the House of Representatives failed to hold a session to vote on the budget due to the continued dispute over the share of the Kurdistan region, which rejected any amendment to it.
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