It reveals the Kurdistan oil deal within the 2016 budget: a new page with Baghdad

[yota691]

It reveals the Kurdistan oil deal within the 2016 budget: a new page with Baghdad

Political

 Since 09/21/2015 15:25 pm (Baghdad time)

Special - scales News

He confirmed the Kurdistan Alliance member Tariq friend, on Monday, that the oil agreement between Baghdad and Erbil will be part of the federal budget for 2016, which means there is a quota for the province, pointing out that the province has understandings with the politicians of the center to start a new page.

A friend's / scales News / "The oil agreement between Baghdad and Erbil still in force was canceled officially," pointing out that "the federal budget for 2016 will include the same agreement with the mention of the parties to abide by and this means that for the region's share in the budget year Next. "

He said the Kurdistan Alliance member, said "what he says some lawmakers canceled the oil agreement and not covered by the Kurdistan region's share in the budget of 2016 reflect the personal views", confirming the presence of "principled consensus among the Kurdistan Alliance and the leaders of political blocs in Baghdad to begin a new page of the relationship between the province and the federal government. "

It is said that "a member of the Commission on oil and energy parliamentary Kawa Muhammad had said, earlier, an intention between the provincial government and the federal government to resume oil negotiations in order to reach a formula solve the problem of exporting oil from Kurdistan," .anthy 29/28

[TrinityeXchange]

  its like watching asphalt grow

[new york kevin]

That will work!!! I pray all the necessary features that were wrong with the HCA were corrected to everyone's satisfaction. A point that concerns me since they are still working on the "formula" for the payouts. Sounds like great news. I will believe it more when I see it. When is the 2016 budget coming out?

Thanks Yota!

TrinityX, asphalt grows? Phew I thought ... well never mind.

[MyLadiesDaddy]

  its like watching asphalt grow

I've been doing that for 23 years.

Remember the oil agreement was necessary to ensure that the oil law would be obeyed.

[blueskyline]

Just a question . I read that they are ramping up oil production in the south dramatically .Would reaching a greater capacity of oil production slow down an agreement do to further adjusting of oil being produced ? 

[lupine49]

A bunch of politicians, very fond of their jobs, sitting around a table making decisions about what to have for lunch.

 

RV 2017.  Maybe.

[new york kevin]

A bunch of politicians, very fond of their jobs, sitting around a table making decisions about what to have for lunch.

 

RV 2017.  Maybe.

Probably true, but boo, boo to that. Boo I say. RV now or in the first half of 2016. Is their YTY in January or June? I don't remember.

[Laid Back]

Could the HCL be included in 2016 budget ?

[yota691]

At least they had 9 months to fine tune it...because the previous years didn't have any results....

[calkid11]

Thank you Yota

[blueskyline]

Thank you

[yota691]

09/24/2015 14:28 GMT

  Parliamentary Finance: in front of the government 17 days to send the 2016 budget to parliament

 Follow-up - and babysit -the parliamentary finance committee, he said that the law provides for the government to send the draft budget law next year to the House of Representatives in 2016 after 17 days from now.

 

He said committee member Masood Haider, in a press statement that "if the government had sent the budget bill as stipulated by the law of any on the tenth of next October, the House of Representatives will vote on the law during the time period specified legally and constitutionally."

The Ministry of Finance, announced on 15 September of this, presented a draft budget law for the year 2016 to the Council of Ministers, indicating that the financial budget for 2016 estimated at more than 113 trillion dinars with the calculation of the revenues derived from the export of crude oil on the basis of the average price of $ 45 a barrel Wahid, adding that the total expenditure of more than 113 trillion dinars, which is low by about six trillion dinars from the budget last year, which was 119 trillion dinars, registered a deficit in the budget next year by 26.5%, or about 30 trillion dinars, according to the draft budget published by the ministry, which on its website. Q, Q

 

[yota691]

Parliamentary Finance: 2016 budget increased government spending and made a very serious deficit

History of edits:: 2015/9/26 9:51 • 231 visits readable

[baghdad-where] 
said in the parliamentary finance committee member, said the draft next year's budget in 2016 has increased government spending has made ​​a very serious deficit.

And between Haitham al-Jubouri told all of Iraq [where], that "our fear and fear of the large deficit, which up to another 29 trillion dinars, compared to an expected revenue of 84 trillion dinars." 
He added that "the Commission has the power to reduce transfers in the budget as it seeks to be reduced because of this deficit very dangerous as that giving the authority to the government the possibility of internal and external borrowing is also where many caveats. 
"He explained Jubouri that" external borrowing the conditions including the removal of subsidies on essential goods and services provided to citizens of oil such as derivatives, etc. These can cause problems as well as for providing sovereign guarantees that Strahan's future and economy of Iraq to countries abroad and the International Monetary Fund, and this we do not want being will make Iraq into a corner so we'll clicking the deficit to downgrade what we can do. 
"" The operating expenses for 2015 and today we are in the month of September the government has spent 44 trillion dinars since the beginning of this year, leaving from This expenditure allocations only 25% to the end of the current fiscal year is estimated at 11 trillion dinars. 
"and the member of the Finance Parliament that" the addition of this amount [11 trillion dinars] of what was spent from the beginning of the year [44 trillion dinars] will be expenses for the year-end real Ksrv about 55 trillion dinars why the draft 2016 budget in which spending 84 trillion dinars and why this difference between Almoisntin, although he did not get a change in the monetary policy of the government? ". 
Jubouri said, that" Iraq has spent 55 trillion dinars for this year and that the amount was sufficient to government outlays for why this increase for the year 2016 and by about 29 trillion dinars ?! " Adding that "this difference Atanaj to follow up expenses may be the increase, but not such a large difference." 
He explained, "we will follow up the final accounts for 2015, especially since government spending has not stopped, such as salaries and other and if the government did not recognize these accounts Snhmlha responsibility and we will share with the Iraqi people These facts, "stressing" to be the existence of these accounts for the development of next year's budget. 
"He ruled out a member of the parliamentary finance committee," the presence of rounded amounts from 2015 to 2016 because of spending all customizations specific to institutions and organizations assigned to them, "adding that" the Finance Committee and in spite of their efforts in amending the budget law but unfortunately the government in the end to challenge them and check what you want so we will deal realistically and cooperate as much as possible with it. 
"The draft of the Ministry of Finance to balance in 2016 submitted to the Council of Ministers last week, an expenditure of 113.5 trillion Iraqi dinars [99.65 billion] with a deficit of 29.4 trillion dinars [25.81 billion]. 
equalized oil revenues, where 69 Trliuna and 773 billion and 400 million Iraqi dinars, equivalent to about 83% of the total revenue conjecture 84 trillion dinars, equivalent to the value of the dollar 59 billion and 130 million Dolar.anthy

[yota691]

Rapporteur of the parliamentary Finance: 2016 budget will arrive in Parliament on the tenth of next month

09/28/2015 11:57

Rapporteur of the parliamentary finance committee, said that the 2016 budget will come to Parliament in a timely manner the tenth of next month in October. And the Rapporteur of the Committee Ahmed al-Haj in a press that "the 2016 budget reached the Council of Ministers and the need of the date of delivery on 15 September of this about 25 days to discuss a statement, He pointed out that "the House of Representatives awaiting the budget on time and then to parliament 25 days for discussion in the corridors and therefore, the House of Representatives has a specific validity of a transaction and reduce costs." He added that "We must reach a legal budget on the tenth of October. For problems facing budget said Haj that there is a deficit gap, which amounts to 29% and this is an obstacle a real front of the application of the budget, as well as that this violation of international standards gap where suggest that he must exceed the budget deficit of 15% and this overtaking on international standards, poses a threat to some of the items including the budget and borrowing.

[sandfly]

THANKS YOTA

[yota691]

Related News: draft 2016 budget contains positive points by encouraging the private sector and negative points by adopting price of $ 45 per barrel of oil

09/29/2015 10:20

He specialized in economic affairs haven secretary, said the draft 2016 budget includes many positive points encourage the private sector and its integration with the public sector. The secretary told the National Iraqi News Agency / nina /: "The draft budget article singled 15 to support the investment sector, while devoted Article 28 to bind the institutions in the federal ministries buying needs of government products. These two articles illustrate the government's plans to stimulate the national economy and encourage the private sector, as well as to contribute to the restructuring of laboratories and government factories to modernize their production lines. "Hesaid," The support of the investment sector and the involvement of the private the sector with the continued granting of loans to small and medium-sized enterprises, will contribute to re-productive and healthy sectors of the local economy gradually with the provision of new jobs are reluctant to growing unemployment. "He noted that" Article 15 include investment in the agricultural and industrial sectors, which have been heavily damaged as a result of the scarcity of water and the control of terrorist gangs on dams and vast areas of agricultural land in Nineveh, Salahuddin and Anbar, as well as the opening up of borders wide open to agricultural and industrial products with the migration of peasants and skilled labor and capital as a result of the security conditions are not stable and the penetration of corruption in the joints of government institutions. "He stressed that" these materials need to pack of laws and legislation and administrative controls as open the way for a new set of reforms and trapping corruption and the recovery of the national economy and provide new jobs and create new national competitive market supported and supportive of government plans."He noted:" The many positive points that Ahtutea draft budget, including Articles 15 and 28 , do not work without attention to international conditions and the vagaries of the oil market for the next year that affect the price of a barrel, as it has been relying on the sale of Iraqi oil average price of $ 45, and it built more than 70% of the budget resources. "He continued," The Observer of orientations oil market Global next year concludes that Iran will return to the market the amount of 600 000 barrels per day can be increased before the end of the year to one million barrels per day as well as the continuation of the oil spill across mafias "Daash" to the market, along with the development of production methods to cut costs in America and Europe, in addition to decline Economic growth in China, which is the largest importer of energy and other reasons which indicate the low price of a barrel to below $ 45. "TheSecretary said" According to the data mentioned should not be committed to the committee for preparation of the national budget of error when preparing the budget in 2015, while based on a price $ 56 a barrel and card export 3.3 million barrels per day, despite pointing the experts and international observers then that the price of oil Negotiable landing as well as the production was not up to three million barrels per day ceiling, for security reasons, technical and political. "He continued economic specialist, said that" the budget year form a good and positive in With the war against Daash and the existence of three million displaced people conditions and stop productive sectors in Nineveh, Anbar, Salah al-Din, only to re-study estimating the price of oil sold need that should be met to achieve agreement on an acceptable price given the circumstances and variables that affect the global energy market, what have put Iraq and economic benefit make the most of the positive articles and paragraphs contained in the draft budget. "

[yota691]

Subject price of oil

International investment bank expects an improvement anticipated oil prices

History of edits:: 2015/9/29 12:00 • 21 visits readable

[Follow-up - where] 
official international bank predicted that oil prices recover in the medium term with the decline in the levels of global supply.

He said the Crown **** Hansen, head of commodities strategies of "Saxo Bank", an international letter investment bank, is one of the top 25 bank foreign currency in the world] that would be the result of the decline in world oil prices to levels that with him no longer a lot of investment in the sector useless, especially shale oil production, which has seen a significant decline in the United States recently, Vantegh not be economically or profitable feasible at less than $ 60 a barrel. He guessed Hansen, in a report, that the price of a barrel of Brent up in the short term, over the next few months next, to a $ 55 maximum, he explained in a press statement on the sidelines of a conference in Dubai that the reason for the modest forecast for oil prices in the next few months, despite a drop in relatively global supply, but due to a decline in global demand for crude oil levels. However, it predicted that the situation improves in the coming period with more global imbalances in supply and demand for oil, where it is expected that global demand is recovering more in the next phase, and that the supply decline will continue with price stability at low levels in the coming period. Hansen and is expected to recover prices after so as to rise to $ 60 a barrel in 2016, but continues to recover to higher levels of up to $ 80 by 2017 and 2018. He said that this level is sufficient to re-attract investment into the sector again. And between the current price is a loss for all relevant parties, what of a beneficiary under the low prices that reached its crude oil at the present time. On the other hand, Hansen ruled that the lifting of sanctions on Iran obvious repercussions on global oil prices in the next phase, He said that the markets had already taken into account the consequences of the lifting of sanctions, and therefore it is not expected to see any significant effects in prices even in the event of Iran was able to increase production by between half a million barrels. He said he is unlikely to be achieved in the near future as it requires large investments in Alqtaa.anthy 

[yota691]

Minister of Finance up Parliament to discuss the general budget for 2016

By Mohammed Emad 04/10/2015 01:46 | Views: 1488

font size:  

 

Brother - Baghdad

Finance Minister Hoshyar Zebari arrived in the parliament building today.

A reporter for News Agency (et) that "Zebari draws upon his arrival to the parliamentary finance committee to discuss the state budget for next year."

The Ministry of Finance offered in 14 of the last month, the state budget for the Council of Ministers are adjustable by him are also entitled to the House of Representatives based on the paragraph (ii) of Article (62) of the Constitution reduce the total amounts.

She stressed that "the preparation of the federal budget for 2016, was in the light of the data facto and cut public spending and reduce waste and waste of public money and diversify sources of income."

[yota691]

Kurdish lawmaker: our rights in the budget of 2016 will be accounted for according to 17% compared to 550 000 barrels
Sunday October 42 015 - 14:21

 

MP from the Kurdistan Alliance, a member of the Commission on oil and energy parliamentary Tariq friend revealed that the share of the Kurdistan region of Iraq from the fiscal budget for the next 2016 will be calculated in accordance with the previous agreement the oil that has been working during the budget year 2015 this month, and which were calculated from which the region's share amounting to 17% vs. the latter giving 550 000 barrels of oil a day to the federal government.

A friend said in a statement to Radio tow the obstacle that stands in front of the implementation of this agreement in the form required is not to send the federal government monthly provincial dues to Arbil, so you can claim the province handed over 550 thousand barrels per day, adding that the budget 2015 law gave the province the right not to deliver the agreed share of oil them with Baghdad in the absence of the recent financial dues region Send accordance with paragraph III of Article 11 of the budget.

He asked a friend how the right of the federal government claim the province to hand over the Iraqi oil marketing company "Sumo", a full quota agreed, amounting to 550 thousand barrels per day, which is not sent since the beginning of the year 2015 and so far this region monthly dues in full.

He said a friend not to the federal government's commitment to full dues to pay the province on a monthly basis that evade legal obligation upon which the oil agreement between Erbil and Baghdad, noting that this obstacle that stands in front of the implementation of the oil agreement has been discussed more than once with the federal government and the ministries of oil and finance federated but they In all the discussion of Atlkaon in a reply on the question during those discussions.

[four wheel drift]

Is it me or does he look like the Undertakers handler ? (Wrestling lol)

FWD

GO RV

[yota691]

Parliamentary Finance Zebari discussed with the general budget and reduce the deficit

 

Attorney Hossam punitive

 

 

Author: Editor: mu reporter: we

Number of Views: 104

 

04/10/2015 15:28

 

Tomorrow Press / Baghdad: discussed the parliamentary finance committee with Finance Minister Hoshyar Zebari, Sunday, the general budget of the country and the possibility of reducing the deficit.He said committee member Husam punitive for "tomorrow Press", "The members of the Committee discussed with the Minister of Finance the most important paragraphs of the general budget, and what are the possibilities available to reduce the deficit, "explaining that" the Finance Minister stressed that there is an intention external borrowing, have been talking about borrowing mechanism and is ready banks to lend to Iraq and how the payment. "He said the punitive that" the Committee called on the government to reduce the ceiling of the general budget to reduce the deficit, In addition to some of the changes that the government be conducted on the budget. "The Finance Minister Hoshyar Zebari arrived with a delegation from the Ministry of Finance includes a number of general managers, to the Finance Committee to discuss the budget and the country's ongoing austerity.

[TLHUBER]

17 days from Sept 24th will be October 11, 2015.

[mrparrot]

So on day 16, the manure shovelers

will be screaming that the new rate

and the date will be revealed in the

2016 budget.

 

This show is becoming as predictable

as watching what happens when you

place a cake in front of a fat kid...

[WheresmyRV?]

So on day 16, the manure shovelers

will be screaming that the new rate

and the date will be revealed in the

2016 budget.

 

This show is becoming as predictable

as watching what happens when you

place a cake in front of a fat kid...

 

Agreed!!

[SnowGlobe7]

So on day 16, the manure shovelers

will be screaming that the new rate

and the date will be revealed in the

2016 budget.

 

This show is becoming as predictable

as watching what happens when you

place a cake in front of a fat kid...

 

That would make it Oct 9th ..My birthday.....ill take that cakeplease

and yes Fat is not fat ...it is fluffy

Serious note...this years budget also has oil in at $45 did it not..I really think it did..little help here Yota