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We formed committees to prepare the budget years 2016 and 2017 and 2018


yota691
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Tamimi's / scales News /: We formed committees to prepare the budget years 2016 and 2017 and 2018

Economy and Tenders

 Since 08/24/2015 19:14 pm (Baghdad time)

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Special scales News

Confirmed the parliamentary finance committee member Majda al-Tamimi, Monday, the formation of a joint committee of all state ministries of Finance and the Parliamentary Committee for the preparation of the strategic budgets for the years "2018,2017,2016."

She said Tamimi's / scales News / that "a committee of all state ministries and the Finance Committee parliamentary meetings were held constant for the preparation of the strategic budget of the country for the years from" 2016 to 2018 ", adding that" the Joint Commission is currently studying the economic potential of the country's financial resources and rely on calculating the price of a barrel oil of $ 60 per barrel. "

She noted a member of the parliamentary finance committee that "this price is not commensurate with the current situation of low global oil prices," sanctioned to "drain the money in the war on terror and Daash needs of the displaced."

The member of the parliamentary finance committee Sarhan Ahmad stressed that "the budget deficit in 2016 will be larger than the current year deficit due to lower oil prices," and called on "the government and parliament to serious steps to hold accountable the corrupt and bring them to justice and the pursuit of the stolen money."

The "likely a member of the economic and investment commission in the House of Representatives Najiba Najib, the government will face difficulty in providing the employees' salaries over the next year," pointing out that "oil prices lead to lower revenues and the government gives priority to the fight against terrorism and the provision of services for the displaced."

Parliamentary Legal Committee and confirmed, it "will work with the financial parliamentary study on the budget next year, pointing out that it" recommended that the ministries of planning and finance the completion of the budget in 2016 and sent to Parliament before the end of the month of December next ".anthy / 29 / d 24

 

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Good that they are formulating budgets in advance. This telescope will allow all to see into the near future for Iraq and gauge their business opportunities appropriately. They should be basing their budget on a PPB of $40 to $45 . Anything above that would be gravy. Market indicators and shaky economies would suggest the GOI take a conservative approach to budget formulas. They can modify it later.

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Whatever they do every year--whatever they have to do to keep a budget in place--whatever . . . whatever . . . whatever . . . as long as they are conducting business as usual, they can slip the RV in at any point. And I fully expect them to do this any time now.  We (and they) are all overdue for it. Now is that just ordinary sensible logic, or what? LOL

Edited by Francie26
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Parliamentary Finance: 2016 budget will be approved by month Almqubl..oroatb staff red line
Economy and Tenders

 Since 08/29/2015 20:31 pm (Baghdad time)

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Special scales News

Detection of the parliamentary finance committee member Rustam Masood Haider, Saturday, that the cabinet will approve the budget law for 2016, the middle of next month and will be approved in the House of Representatives on 10.10.2015, stressing that the "red line staff salaries."

Said Rustam's / scales News / "The expanded committee of the legislative bodies and the executive has prepared a general strategy to balance the 2016 commensurate with the austerity situation and the low level of oil prices will be submitted to the Cabinet for approval mid-next month, after discussion and lateral amendments thereto", pointing out that "employees' salaries will be a red line will not be manipulated."

He said the parliamentary finance committee member, said "the Cabinet would send the budget bill for 2016 to the parliament after the completion of all legal aspects for a vote in the House of Representatives dated 10/10/2015," expected to "a 2016 budget deficit of the weakness of the fiscal deficit for the current year budget."

The "Member of the Committee of Economy and Investment parliamentary Najiba Najib stressed that the launch of small loans came to activate the private sector further and revive the financial budget for 2016".

This "confirmed the parliamentary finance committee member Majda al-Tamimi form a joint committee of all state ministries of Finance and the Parliamentary Committee for the preparation of the strategic budgets for the years" 2018,2017,2016. "

She said Tamimi's / scales News / that "a committee of all state ministries and the Finance Committee parliamentary meetings were held constant for the preparation of the strategic budget of the country for the years from" 2016 to 2018 ", adding that" the Joint Commission is currently studying the economic potential of the country's financial resources and rely on calculating the price of a barrel oil of $ 60 per barrel. "

She noted a member of the parliamentary finance committee that "this price is not commensurate with the current situation of low global oil prices," sanctioned to "drain the money in the war on terror and Daash needs of the displaced," .anthy / 29 / d 24

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Thursday 3 September 2015 09:39
 
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Alsumaria News / Baghdad 
announced the parliamentary finance committee member Masood Haider, on Thursday, the cabinet will discuss the financial budget for the 2016 mid-September now, had been expecting sent to the House of Representatives beginning next month. Haider said in an interview with Alsumaria's News, he said that "there is a committee Astraetjh financial budget in the Ministry of Finance and the representatives from all the parliamentary finance committee and the ministries concerned, "noting that" this committee began to study the 2016 budget since the fifth month. "

 


He said Haider "The Council of Ministers will discuss the mid-September the current budget," expected "sent to the House of Representatives early next month." He stressed Haider on the need to "reduce the fiscal deficit in the budget next year," pointing out that "if we want to reduce the deficit Fjab not exceed budget of $ 75 billion. "TheMinistry of Planning announced, on the seventh of July 2015, for its quest to feminine projects plan to 30% in the 2016 budget, noting that it has prepared a working paper represents the proposed mechanism to move the subject of payment on credit.

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Minister of Planning and is in talks with major international banks in Istanbul to support the 2016 budget  
Economy and Tenders

 Since 03/09/2015 17:55 (Baghdad time)

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Special scales News

Reveal the name of the Ministry of Planning spokesman Abdul Zahra al-Hindawi, Thursday, the negotiations in Istanbul between the minister Salman Jumaili and some representatives of major international banks to lend to Iraq and his support in the 2016 budget.

Hindawi said L / scales News /, that "Planning Minister Salman Jumaili will be negotiations with a number of representatives of major international banks in order to get private loans to support the budget for Iraq in 2016."

He added, "The purpose of those negotiations and to hold those loans is to carry out investment projects in the budget of 2016 and that just do not get enough money to deny, especially after the drop in oil prices and the collapse of the country's budget."

This revealed the Ministry of Planning, yesterday, for "the ministry's budget plans for 2016, noting that the plans will provide the state 38 trillion Iraqi dinars through deleted and the postponement of some investment projects.

He said the ministry spokesman Abdul Zahra al-Hindawi's / scales News / "The ministry held important agreements with all the provinces through joint committees on investment projects in the budget of 2016," stressing that "there are more than 6,000 investment project and the government is unable to entire completion".

He said a spokesman for the Ministry of Planning and that "planning has reached a certain results through its plans to delete the 296 project is important and the postponement of the completion of 2169 projects," pointing out that "this plan will provide for the Symposium amount of up to 38 trillion Iraqi dinars to balance in 2016".

And confirmed a member of the economic and investment commission Najiba Najib "The presence of three of the loans within the corridors of the House of Representatives belong to the infrastructure and reconstruction projects and highways, noting that it needs a parliamentary vote to activate it." Ended / 29 / d 24

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Parliamentary support economic recommends three institutions to meet the 2016 budget deficit

Author: Publisheron:



 

September 5, 2015


In: economyViews: 27 views




BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - the Investment Committee and the parliamentary Economy recommended the government to support the Agricultural Bank and Industrial Bank housing fund for the purpose of controlling the budget deficit in 2016.


Deputy Chairman of the Committee Harith Sinead's (IMN) "It is possible to control the fiscal deficit and austerity in the budget 2016 through the provision of liquidity to banks, agriculture, industry and encase the housing", pointing out that "the Committee recommended the government to find cash to support those institutions."


The Commission on Economy and Investment parliamentary earlier, that the export of oil prices are not fixed, and there is difficulty in determining the price of a barrel speculative to determine the 2016 budget.


Sinead said that "some neighboring countries pumping large amounts of crude oil, which contributed to the decline in the sale of Iraqi barrel to below fifty dollars," calling on the government to "pump very large quantities to address the economic situation of the country."


The parliamentary Finance Committee announced earlier, a tendency to reduce the ministries, agencies and government agencies spending to its lowest level in order to reduce the fiscal deficit in the federal budget size.


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