After a “diffict struggle”.. 2025 budget tables find their way finally to the Council of Ministers
Shafaq News / An official source in the Iraqi Ministry of Finance said on Monday that the delay in sending federal budget tables to the Council of Ministers is related to the amendments of Article 12 of the Budget Law.
The Iraqi parliament recently approved an amendment to the general budget related to Article 12, which settles a dispute between the Kurdistan Region and the federal government over the receipt of the region’s oil.
In general, the Iraqi parliament voted in June 2023 on the draft general budget law for the fiscal years (2023, 2024, 2025), provided that it approves budget schedules for those years, which will be sent by the Iraqi government to the parliament for a vote.
The government source told Shafaq News Agency that “the Ministry of Finance has been working for a while on preparing the general budget tables for 2025, in order to send them to the Council of Ministers for approval.”
He pointed out that “the Ministry of Finance will finish preparing the tables and sending them to the Council of Ministers for voting on them in the middle of next month,” noting that “the Council of Ministers will vote on the tables without delay and then send them to the House of Representatives to vote on them.”
The Federal Ministry of Oil announced on Sunday the completion of the necessary procedures to meet the export of oil produced in the Kurdistan Region through the Turkish port of Ceyhan, stressing that this step comes in accordance with the mechanisms specified in the budget law and its amendment, and within the production ceiling set for Iraq in OPEC.
The Kurdish Regional Government’s negotiating delegation responded to the announcement of the Ministry of Oil by calling on the federal government to implement its obligations before proceeding with the oil export process.
The delegation explained that despite the regional government’s confirmation of its commitment to implement the First Amendment Law of the Federal Budget Law, regarding the re-export of oil produced from the fields of the region to the Turkish port of Ceyhan through the company “Sumo”, the implementation of the law requires agreeing on several basic points, including determining the quantities allocated for local consumption in the region, commensurate with the actual needs, similar to the rest of Iraq, and establishing a clear and specific mechanism to pay the dues of production and transport companies to the regional government, in accordance with the law.
https://www.shafaq.com/ar/سیاسة/بعد-مخاض-عسير-جداول-موازنة-2025-تجد-طريقها-خيرا-لمجلس-الوزرا