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Economy News - Baghdad
A member of the Parliamentary Finance Committee, Sherwan Mirza, announced the region's share in the general budget for the fiscal year 2020, noting that it was set at 12.67%.
Misra said, "The draft budget law for the year 2020, according to the information received, the region’s share has been set at 12.67%, and the Peshmerga’s share has also been set at 76 billion dinars per month, which annually amounts to 912 billion dinars," according to the official news agency. ".
He added that "there are two articles in the budget related to the liquidation of debts and accounts between the region and Baghdad from 2014 until 2018, and regarding the debts and obligations of the Kurdistan region that were discussed, there is an article that obliges the region to disclose all the data, so that we know why the region borrowed, and what are the loans." Accumulated? And be within a period of 30 days.
And that "within 90 days, a committee is formed from the Federal Office of Financial Supervision and the region to review those debts to find out the reasons that led the regional government to borrow, how it disbursed those loans, and with what legal justification it resorted to borrowing."
He continued, "The budget also discussed Kirkuk oil, which amounts to 350 thousand barrels per day through the oil pipelines in the region, and the transportation pipelines are paid by the federal government. These are the points, and in return the region must deliver 250 thousand barrels of oil per day to SOMO in addition to To 50% of the border crossing resources.
Concerning the budget for next year, a member of Parliamentary Finance commented, saying: “There is a technical delegation from the Kurdistan region, present in Baghdad and trying during its meetings to develop a strategy for the budget for the next three years, meaning that the regional government with its technical delegation is still continuing its dialogues with Baghdad until now. The 2021 budget is still being prepared by the government, and its details have not yet been clear.
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