After nearly seven years, the regional government is preparing to have a special budget by 2020, based on local revenues, oil sales and the region’s fiscal 2020 budget for Iraq.
For seven years, the region has no budget
After 2013, the regional government called the city of Isis and the conflict between the political parties and the financial crisis not only the draft budget of the region, but also the annual financial statements to the parliament.However, the financial statements have not yet been approved by parliamentarians, and their incomes and expenditures have not been included..
SherkoJawdat, a member of the Finance Committee of the Kurdistan Parliament, stated:Preparation and non-submission of the budget In the last seven years or so, there has been no mention of the work being done, and due to the city of Isis and the financial crisis, the budget has not been prepared because if there is one dollar,It has to be spent by the budget law, but due to the lack of a budget it has been covered by the corruption that has been rampant in recent years.
What about the sending of this (Bayan Mali)by the Ministry of Finance and the Ministry of Finance of the region to our Parliament?
Sherko Jawdat said the financial statements sent by the Ministry of Finance to the parliament were not credible by the parliamentarians.
, Due to the fact that the total amount of revenue sources in the region is not included. “
The budget is based on local revenues, oil sales and the region’s financial resources in Baghdad.
Over the past two months, the Minister of Finance and Economy has called on the Director General of Budget and other officials and ministers to form a team and work to reduce the region’s 2020 budget And the sale of oil and the region’s finances in Iraq’s general budget for 2020.
Regarding the preparations for the 2020 budget by the Ministry of Finance and Economy, a spokesman for the Ministry of Finance told (Shkoi Kurdistan): “One of the important tasks of the Ministry of Finance will be the budget for 2020.The work has been rescheduled by the new minister, so the finance minister has asked the team to work together to come up with a plan to prepare for the region’s budget, which will continue to work in the future.
A spokesman for the finance ministry, who did not want to be named, said: “To prepare for the budget,”It simply came to our notice then. What is the most important sector? Because it is difficult for the revenue of the region to share all the sectors. If the financial resources of the region do not reach the region on a monthly basis.
At the end of 2018, the Ministry of Finance formed a 12-member committee of representatives of the region’s ministries to prepare the region’s general budget for 2019, and held several meetings with the ministers.
However, due to the delay in the agreement between the region and Baghdad, the formation of the ninth cabinet of the region was suspended.Mohammad Ilkhanli, the decision-maker of the Finance Committee in the Kurdistan Parliament, told (Shkoi Kurdistan) that the regional government would prepare a draft general budget for next year, but that it would wait until the region’s share of the general budget in Iraq was consolidated and then budgeted. It is codified and prepared on the basis of which the general budget of the region is prepared
“Apart from the sectors that are given priority in the general budget of the region, work can be done to provide the salaries of the next year’s employees of the region so that they can be paid on time,” Ilkhanli said.
