AJ: Parliamentary Finance meeting witnessed a 👀discussion of the timing of approving the budget tables for 2025, 8 FEB

AJ

Parliamentary Finance meeting witnessed a discussion of the timing of approving the budget tables for 2025; with the aim of launching projects according to the specified schedule with an emphasis on increasing non-oil revenues, (There it is again Non Oil) The Kurdistan Regional Government (KRG) Council of Ministers, in its latest meeting, urged the Iraqi State Oil Marketing Organization (SOMO) to resume oil exports from the Kurdistan Region as soon as possible, ensuring that all revenues are directed to the "federal treasury."

This move aligns with efforts to implement the recently approved amendment to Iraq’s budget law, which facilitates the restart of oil exports that have been halted since March 2023. The statement added, "The meeting discussed the details of amending Article 12 of the Federal Public Budget Law related to oil production and export, in addition to the financial challenges facing the country and preparations for preparing and approving the 2025 budget tables." Al-Atwani stressed - according to the statement - "the necessity of the region's commitment to pay its financial dues to the central government in exchange for receiving its dues, including employee salaries and project financing, to end financial disputes", again the financial committee's keenness to "end all disputes and stop oil smuggling; Because of its negative impact on the financial stability of the country. " The statement clarified that "the meeting witnessed a discussion of the timing of approving the budget tables for 2025; with the aim of launching projects according to the specified schedule with an emphasis on increasing non-oil revenues, reducing spending on non-core projects, investing service and educational projects, and supporting the private sector."

9:25 PM · Feb 7, 2025