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British newspaper: There is a way to pass the 2020 budget in Iraq, but it is risky DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

British newspaper: There is a way to pass the 2020 budget in Iraq, but it is risky

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British newspaper: There is a way to pass the 2020 budget in Iraq, but it is risky Empty British newspaper: There is a way to pass the 2020 budget in Iraq, but it is risky

Post by RamblerNash on Sun Dec 22, 2019 10:50 pm

British newspaper: There is a way to pass the 2020 budget in Iraq, but it is risky

British newspaper: There is a way to pass the 2020 budget in Iraq, but it is risky Image

22-12-2019 02:39 PM

Baghdad - news

The British Independent newspaper revealed today, Sunday, a way to pass the 2020 budget in Iraq, noting that it is fraught with risks.

The newspaper, quoting informed political sources, said, "There is a possibility to send the budget bill to parliament if the date of its preparation is old and before the government submits its resignation last November 28th."

The sources added, "This step is considered risky, especially if it includes the passing of financial agreements between the blocs and the Iraqi parties and was subsequently appealed to the Federal Court."

According to a member of the Parliamentary Finance Committee, MP Ahmad Hama, the budget will reach the parliament soon despite the prime minister’s assurance that he is unable to do so, stressing that “the caretaker government is not able to send the budget, but the current government is able to send it based on The letter of acceptance of the government's resignation indicates the formation of committees and the sending of the budget to Parliament.

The positions of the political blocs differ from the proposed draft of the general budget, especially with regard to the share of the Kurdistan region, where the Arab blocs refuse to allocate 17 percent to the region after he refused to implement an agreement last year to deliver Baghdad 250 thousand barrels per day of Kurdish provinces oil in exchange for the inclusion of the region's employees in the federal budget .

However, Kurdish leaders spoke last month about a new agreement with Abdul Mahdi on the budget, and confirmed that the delegation of the Kurdistan Regional Government to negotiate with Baghdad was able to conduct successful negotiations on the region's share of the Iraqi budget, and 15 paragraphs of the sovereign budget were canceled, thereby increasing the region’s budget Kurdistan, and Iraq will pay the expenses of transporting 250 thousand barrels of oil that the region will deliver to Iraq. As for the region, it will pay the dues of the National Oil Company "Sumo".

On the other hand, the southern oil-producing provinces refuse to implement any agreement with the Kurdish side that does not include holding Erbil accountable for the oil it was exporting without Baghdad’s approval and its failure to implement previous agreements.

The deputy of Basra Governorate, Mansour Al-Baiji, believes that the outgoing Prime Minister "favored" the Kurdistan Regional Government a lot by giving a budget to the region and paying the money during his reign, noting that "if the Kurdistan Regional Government is sincere with the central government, then it must wait until the prime minister is chosen." A new agreement is reached with him on all oil and financial matters in order to guarantee the rights of all our provinces. "

And the expected deficit in the draft budget law for the next year is very large and may reach 70 trillion Iraqi dinars (more than 50 billion dollars), according to the copies published by the government, and the matter may be worse if oil prices drop to below 60 dollars per barrel. And if investment projects are halted because exchange is limited to salaries, the Iraqi economy will be severely affected.


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