Wednesday, February 26, 2025
After a “diffict struggle”.. 2025 budget tables find their way finally to the Council of Ministers, 26 FEB
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
Tuesday, February 25, 2025
TIDBIT FROM MILITIAMAN, 26 FEB
Militia Man
They haven't turned that [Kurdistan] oil on at 1310 because there's a whole new ballgame coming to Iraq.
It's a digital world and Iraq's real effective value of their assets that they have...
They don't have much debt...non-oil revenues, taxation...gas...it's going to be amazing, the development road project, all the industrial cities they're going to build along that path. The private sector is going to go crazy!
FRANK26: "POLITICIANS SUE TRUMP TO STOP HELPING AMERICAN CITIZENS... DOES THAT SOUND FAMILIAR SUDANI?", 26 FEB
KTFA
FRANK26: "POLITICIANS SUE TRUMP TO STOP HELPING AMERICAN CITIZENS... DOES THAT SOUND FAMILIAR SUDANI?".........F26
Parliamentary Committee: Lawsuit against the Prime Minister's Office for Delaying Budget Schedules
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2/22/2025
Information / Special..
Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Saturday, that a lawsuit has been filed against the Prime Minister's Office due to its delay in sending the budget tables, stressing that this delay is a serious legal and constitutional violation.
Al-Salami said in a statement to / Al-Maalouma / agency, “An official complaint has been filed with the Public Prosecution Service against the Council of Ministers due to its violation of Article 62, first, of the Iraqi Constitution, which obliges it to send the budget tables before the end of the fiscal year, in addition to its violation of the Financial Management Law No. 6 of 2019, Article 11, and the Triennial Budget Law 2023-2025, Article 77, second.”
He stressed that "the fiscal year ended on December 31, 2024 without the Council of Ministers committing to sending the required tables, which constitutes a clear violation of the Constitution," explaining that "the complaint with the Public Prosecution Service represents the second procedure after contacting the Speaker of Parliament, who in turn formed the Legal and Financial Advisory Committee to follow up on the case and take the necessary measures against the executive authority."
He also announced that "the Minister of Finance and the Prime Minister will soon be hosted in Parliament to question them about these violations."
It is worth noting that the House of Representatives had previously voted on the budget amendment law and sent it to the government to send the budget tables
MAJEED: Former US National Security Advisor General Michael Fylnn: I call on Trump to make Iraq pay what the United States spent on the 2003 war!!, 26 FEB
MAJEED
MarkZ: Speculation Around a Possible $2.81–$2.82 Range Amid Iraq’s Ongoing Economic Reforms 🇮🇶💵📊
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