"SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE" BY FRANK26, 16 MAY

KTFA

FRANK26: "SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE".........F26

The Iaqi government discusses the transfer mechanism in the Kurdistan Regional Government's budget allocations

5/15/2024

Deputy Prime Minister - Minister of Planning, Muhammad Ali Tamim, chaired, today, Wednesday, a meeting of the committee concerned with reviewing the schedules of the federal general budget for the year 2024.

A statement issued by the ministry stated that during the meeting, a number of files on the agenda were discussed, including a discussion of the mechanism for transferring Kurdistan Regional Government allocations within the budget tables, especially with regard to employee compensation, social care, and regional government revenues, and the mechanism for handing them over to the federal government, as stated. In the decision of the Federal Court, the Financial Administration Law, and the State General Budget Law.

According to the statement, the meeting also discussed maximizing revenues to reduce the percentage of the deficit contained in the general budget by creating legal texts to include electricity sales and local oil sales as revenues in the budget tables.

The meeting was attended by: Deputy Prime Minister, Minister of Oil Hayan Abdul-Ghani, Minister of Construction, Housing and Municipalities Benkin Rikani, Minister of Electricity Ziad Ali Fadel, Head of the Financial Supervision Bureau, Ammar Sobhi, advisors to the Prime Minister for legal, economic and strategic affairs, and the head of the Legal Department in General Secretariat for the Council of Ministers.

The Kurdistan Regional Government delegation participated in the meeting, which included the Minister of Finance, the Chairman of the Regional Council, the Cabinet Secretariat and the head of the Coordination and Follow-up Department.

Yesterday, Tuesday, a delegation from the Kurdistan Regional Government arrived in the capital, Baghdad, to discuss the 2024 budget.

The Kurdish delegation's visit coincided with the arrival of Kurdistan Region President Nechirvan to Baghdad and his meeting with Federal Prime Minister Muhammad Shiaa al-Sudani.

Yesterday, May 14, Prime Minister Muhammad Shiaa Al-Sudani directed that an “extraordinary” session of the Council be held next Sunday, to discuss the federal budget schedules for the year 2024.

The Minister of Endowments and Religious Affairs in the Kurdistan Region, Pashtwan Sadiq, said last Thursday, the ninth of this month, during a press conference held in Erbil, the capital of the Kurdistan Region, and attended by Shafaq News Agency, “We will continue dialogues with the federal government, and we are confident that we will be able to resolve the issue of salaries and others.” One of the problems based on the Iraqi constitution.”

He added, "In the coming days, a delegation from the Kurdistan Regional Government will go to Baghdad regarding technical issues."

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