Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, chaired today, Wednesday, a meeting of the committee concerned with reviewing the schedules of the federal general budget for the year 2024.
The meeting was attended by Deputy Prime Minister, Minister of Oil Hayan Abdul-Ghani, Minister of Construction, Housing and Municipalities Benkin Rikani, Minister of Electricity Ziad Ali Fadel, Head of the Financial Supervision Bureau, Ammar Sobhi, advisors to the Prime Minister for legal, economic and strategic affairs, and the head of the legal department in the General Secretariat of the Council of Ministers.
During the meeting, a number of files on the agenda were discussed, including a discussion of the mechanism for transferring the allocations of the Kurdistan Regional Government within the budget tables, especially with regard to employee compensation, social care, and regional government revenues, and the mechanism for handing them over to the federal government according to what was stated in th
e decision of the Federal Court and the Financial Management Law and the state’s general budget law.
According to a statement by his media office, the meeting also discussed maximizing revenues to reduce the percentage of the deficit contained in the general budget by creating legal texts to include electricity sales and local oil sales as revenues in the budget tables.
The delegation of the Kurdistan Regional Government participated in the meeting, which included the Minister of Finance, the head of the Regional Council’s office, the Cabinet Secretariat, and the head of the Coordination and Follow-up Department.
Source: National Iraqi News Agency