The Parliamentary Finance Committee revealed its vision on the draft first amendment to the Federal General Budget Law for the fiscal years (2023-2024-2025), which the House of Representatives completed its first reading in its session on Tuesday.
Member of the committee, MP Jamal Kocher, stated that the Finance Committee discussed the non-oil revenues file, and the draft amendment to the federal general budget law for the three fiscal years, related to maximizing revenues, as well as re-correcting the estimated costs of extracting oil from fields within the Kurdistan Region.
He explained, "The draft amendment sent by the government only includes Article 12 related to the costs of producing oil in the Kurdistan Region, and does not include amending any other article in the budget," indicating that, "There is still a need to collect detailed data with numbers and tables to ensure the approval of the appropriate amendment."