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Clare » July 11th, 2023
A government delegation from the Kurdistan Region visits Baghdad to implement the provisions of the budget law
7/11/2023
A delegation from the Kurdistan Regional Government is scheduled to visit the capital, Baghdad, in the next few days, in order to proceed with the implementation of the provisions of the general financial budget law for Iraq.
Omid Sabah, head of the regional cabinet office, said that the relationship between the regional government and the federal government is at a good level.
Regarding the existence of constitutional observations related to the budget law, Sabah said in his statement to the “Kurdistan 24” satellite channel, which is close to the Kurdistan Regional Government, that the Prime Minister of the region, Masrour Barzani, and the Prime Minister of the Federal Council formed two high-level teams, each separately, to implement the articles of the budget law.
According to the Kurdish government official, the delegation of the Kurdistan Regional Government is scheduled to visit Baghdad at the end of this week or the beginning of next week to proceed, in a practical way, to implement the provisions and articles of the Federal Budget Law. LINK
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Parliament Finance Announces The Date Of Launching The Provincial Allocations From The Budget
7/11/2023
The Parliamentary Finance Committee announced today, Tuesday, the date for the start of the governorates’ allocations from the budget.
Committee member Mueen Al-Kadhimi told Earth News, “Through our follow-up with the Ministry of Finance, next Sunday, allocations to the governorates and ministries will be launched to implement the 2023 budget and send instructions for implementing the budget, its schedules, texts and agreed items.
And he added, “The House of Representatives will have a serious follow-up to implement this budget, starting with the presidency of the Council and the heads of committees, each according to its competence and according to the relevant ministry,”
Pointing out that “the Finance Committee is the first concerned with following up on the implementation of the budget, and it will also include the allocations of the Emergency Support Law, amounting to 25 trillion, which were allocated in 2022 and act in 2023 in order to ensure the proper implementation of the budget and its provisions, and to stand up to any cases of p---------n or c--------n. LINK
The Governor of the Central Bank of Iraq presides over a meeting with bank departments in Erbil
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July 10, 2023
Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired a meeting with bank departments located in the Kurdistan region of Iraq.
During the meeting, they discussed the affairs of the banking sector in the region and upgrading its work to keep pace with developments, enhance financial inclusion and spread the culture of electronic transactions.
What was presented by the Association of Iraqi Private Banks about the procedures related to the projects put forward by the Central Bank of Iraq during the past weeks, represented by the establishment of the Al-Riyadah Bank for Small Projects and the Loan Guarantee Company and the establishment of the Finance and Business Center, was also reviewed, praising the positive steps and progress made in them.
His Excellency had, on the sidelines of his visit to the region, visited the branch of the Central Bank in Erbil, and held a meeting with the General Manager of the branch, Mr. Kazem Namik Ahmed, and department officials, listening to the mechanism of the branch’s work and the challenges facing its work.
His Excellency urged the branch’s employees to work diligently, and to provide the best banking services to the residents of the geographical area that the branch supervises, directing the need to strengthen the supervisory and oversight position of the Central Bank over banks operating within its jurisdiction.
Central Bank of Iraq
Media Office
10 – July – 2023
Source: Dinar Recaps
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