DINAR REVALUATION REPORT: It seems that the government really do want to proceed without the House of Representatives, 11 DEC

 DINAR REVALUATION REPORT

It seems that the government really do want to proceed without the House of Representatives. 

Another article came out about an hour ago where the government were mildly criticizing parliament . 

They want to do this without them since they are causing delays ...

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Parliament and government.. a race with the 2025 budget

the 2025 budget schedules in Iraq are witnessing a delay that is causing widespread controversy between the government and parliament, as the government has not yet sent the full details of the budget to the House of Representatives, which has raised concerns among members of the parliamentary finance committee about the deadline for approval. 

The statements indicate that the reasons for the delay are related to reviews of financial schedules, especially those related to oil extraction expenses in the Kurdistan Region and the costs of projects funded in 2025.

The Financial Management Law requires the government to submit the general budget to the Council of Representatives 45 days before the beginning of the fiscal year, in order to allow the necessary time to discuss and approve it. Despite the clarity and explicitness of the legal text, no Iraqi government, including the current government, has committed to implementing this entitlement.

Speaking about this file, member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed the existence of legal and constitutional violations by the government in sending the budget law to the House of Representatives.  

Al-Karawi said in a statement to Al-Maalouma Agency, "Article 77, paragraph two of the Federal Triennial Budget Law indicated that the government must send the budget tables before the end of the fiscal year," indicating that "the government sent only one amendment to the text of the budget, which is the text of Article 12 related to the costs of extracting oil in the region." 

He added, "Not sending the schedules on time is considered a legal and constitutional violation, and if the government proceeds with amendments to the articles, there are many articles that need to be amended and to be fair to many groups," adding, "We recorded all of these observations in the session last Tuesday during the first reading of the amendment to the budget law." 

He explained that "his committee is working on re-amending the budget law and sending it to the government to work on general amendments to the law so that it is fair to all segments of society and addresses the problems in the previous budget." 

In addition, member of the Parliamentary Finance Committee, Hussein Mounes, revealed that the budget amendments are subject to political amendments, not technical ones. 

In a statement to Al-Maalouma Agency, Mounes said, "The government has a point of view in resolving the issues with the region and limiting oil smuggling operations by increasing production costs by $16 per barrel." 

He added, "During the discussion of the proposal, we raised several questions: Why was $16 set? Is it a technical or political consensus number?"

He pointed out that "the Parliamentary Finance Committee hosted the concerned parties and they confirmed to us that the issue is political and not technical."

He explained that "the government's proposal is to form an advisory body, and in the event of non-compliance, a committee of consultants will be formed to determine production costs."

He pointed out that "the Finance Committee determined that the amount would be an advance granted to the region and that a settlement would be arranged later." 

He added, "There are approximately 256 thousand barrels smuggled daily from the region with OPEC's permission. This file must be closed because it negatively affects government production," stressing that "the Finance Committee has reservations regarding the advances and loans granted to the region."

It is noteworthy that the House of Representatives previously hosted Prime Minister Mohammed Shia Al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed.