Latest topics
Parliament fails to approve budget
2 posters
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Parliament fails to approve budget
04/01/2014
Parliament fails to approve budget
Iraqi deputies have once again failed to pass 2014 budget with many of them staying away when the budget proposal was brought up for discussion.The current parliament has only three weeks before its current term comes to an end.
The failure to pass the budget has almost cripple the government’s ability to spend, with many companies, both local and foreign, putting their activities on hold.
The last session needed only 20 more deputies for it to start voting on the budget.
Those staying away were mainly Kurdish deputies who support their regional government’s stand vis-à-vis oil development and oil exports.
At least 35 more deputies from the national alliance also stayed away, apparently taking the Kurdish side of the debate.
“It is almost certain that the budget will be referred to the next parliament” which will not convene until the middle of May, said Hyatham al-Jibouri, a deputy.
Iraq is to hold general elections by the end of April but the resignation of the committee supervising the vote has thrown the ballot into doubt.
“The cycle of the economy will come to a halt,” he warned.’
Jibouri estimated
Jibouri blamed differences between the Kurds and the central government for the parliament’s inability to approve the 2014 budget.
The sides differ on the quantity and royalties of oil produced within the Kurdish region, with the government saying that the Kurds had sold oil worth $24 billion without it approval.
The government wants that sum to be deducted from the Kurdish share of oil royalties of 17% of what it earns on each barrel sold on international markets.
The Kurds claim that their three autonomous provinces consumed more than 100 million barrels of their own oil domestically last year. The government disputes the figure saying that the volume is more than what the rest of the country consumed last year.
Baghdad demands that the Kurds place their oil fields, output and exports directly under the supervision and control of the Oil Ministry, the thing the Kurds are not willing to do.
In response, Baghdad has stopped oil royalties to the Kurds and is reported to be considering slashing their share of the hard cash it earns from oil exports.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.azzaman.com%2Fenglish%2F%3Fp%3D1264
Parliament fails to approve budget
Iraqi deputies have once again failed to pass 2014 budget with many of them staying away when the budget proposal was brought up for discussion.The current parliament has only three weeks before its current term comes to an end.
The failure to pass the budget has almost cripple the government’s ability to spend, with many companies, both local and foreign, putting their activities on hold.
The last session needed only 20 more deputies for it to start voting on the budget.
Those staying away were mainly Kurdish deputies who support their regional government’s stand vis-à-vis oil development and oil exports.
At least 35 more deputies from the national alliance also stayed away, apparently taking the Kurdish side of the debate.
“It is almost certain that the budget will be referred to the next parliament” which will not convene until the middle of May, said Hyatham al-Jibouri, a deputy.
Iraq is to hold general elections by the end of April but the resignation of the committee supervising the vote has thrown the ballot into doubt.
“The cycle of the economy will come to a halt,” he warned.’
Jibouri estimated
Jibouri blamed differences between the Kurds and the central government for the parliament’s inability to approve the 2014 budget.
The sides differ on the quantity and royalties of oil produced within the Kurdish region, with the government saying that the Kurds had sold oil worth $24 billion without it approval.
The government wants that sum to be deducted from the Kurdish share of oil royalties of 17% of what it earns on each barrel sold on international markets.
The Kurds claim that their three autonomous provinces consumed more than 100 million barrels of their own oil domestically last year. The government disputes the figure saying that the volume is more than what the rest of the country consumed last year.
Baghdad demands that the Kurds place their oil fields, output and exports directly under the supervision and control of the Oil Ministry, the thing the Kurds are not willing to do.
In response, Baghdad has stopped oil royalties to the Kurds and is reported to be considering slashing their share of the hard cash it earns from oil exports.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.azzaman.com%2Fenglish%2F%3Fp%3D1264
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Parliament fails to approve budget
the kurds were promised one thing and after m agress he changes his mind in the end the kurds will go there own way and tell m to shove it. another issue is hcl which is in the budget and m is against this.so how will this be resolved if it is resolved. i am not looking for this to be settled anytime soon sorry to say
Jayzze- VIP Member
- Posts : 5986
Join date : 2011-06-23
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Fri May 10, 2024 5:03 pm by kenlej
» Go Russia
Sun May 05, 2024 11:37 am by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej