Parliamentary Finance: Oil dispute with Kurdistan is the most prominent problem in preparing the 2025 budget

During his meeting with a delegation from the Adam Smith International Foundation at the Finance Committee headquarters on Monday, Atwan Al-Atwani, the head of the Parliamentary Finance Committee, confirmed that the committee is currently drafting a package of important laws that will develop our financial and banking system. He also mentioned that the oil dispute with the Kurdistan Region is one of the most prominent issues affecting the preparation of the budget for the following year.

Al-Atwani said in an explanation got by dinaropinions.com, “The Parliamentary Money Board of trustees – inside the structure of its extremely durable development and ceaseless endeavors to expand non-oil incomes – is as of now dealing with correcting the law of the Overall Expert for Checking the Portion of Government Incomes, so it can assume its part in assessing, observing and gathering these incomes in a sound and ordinary way, as well as remembering for the law another errand connected with assessing the presentation of the financial plan and consumptions.”

Al-Atwani said, “the committee is conducting an in-depth study of the stock and commodities market law, which it intends to legislate during the coming period, and is holding specialized workshops with the aim of encouraging Islamic banks to enter into banking and financial activity” as part of its work within the framework of financial reform.

He brought up that “the Money Panel is dealing with various proposed regulations, which mean to control monetary administration, remembering the proposed regulation for interest in Islamic securities, and the proposed regulation on the Middle for Banking Studies.”

As to 2025 spending plan, Al-Atwani assessed that it would arrive at the Place of Agents ahead of schedule one year from now, demonstrating that the public authority had started gatherings to rebuild the financial plan things.

He noted “the committee’s efforts and efforts to resolve the dispute between Baghdad and Erbil, through meetings and shuttle meetings with representatives of the regional government and the federal government,” noting that “the oil dispute with the Kurdistan Region is one of the most prominent problems facing the preparation of the next year’s budget.”

Al-Atwani focused on that “the disputed matters have been recognized and analyzed by the advisory group, and the legitimate and established way to beat them not entirely settled. In order to resume the export of the region’s oil in a manner that ensures the strengthening of the state’s resources, we hope to reach a final agreement in the subsequent stage.