The Finance Committee of the Iraqi Council of Representatives revealed what is included in the proposal to amend Paragraph 12 of the Federal General Budget Law.
Committee member Mahasin Hamdoun said, “Amending Article 12 of the budget law includes spending $16 for the cost of extracting oil from the Kurdistan Region, with the aforementioned amount being deducted from oil sales in the region,” indicating that “the remaining amount from the price of a barrel of oil goes to the Iraqi state treasury, and in turn the state pays the salaries of the region’s employees.”
She pointed out that “many members of the House of Representatives objected to this and demanded the addition of a legal article in the budget law that serves other governorates by disbursing the required financial allocation to the governorates.”
She pointed out that “the financial allocation for regional development in the 2024 budget law amounts to one trillion dinars, but what has been spent is only 200 billion dinars, which has caused confusion in the governorates as a result of not disbursing their required dues.”
The Parliamentary Finance Committee had previously announced voting on the proposal to amend Article 12 related to the export of Kurdistan Region oil and the costs of production and transportation of the Federal General Budget Law.
