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


yota691
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6102 budget underwent expert assessment

 

 

         


5/10/2015 0:00 

 BAGHDAD - Hussein Tgb - Shokran Fatlawi  
person a number of economic experts and interested kinks in the budget bill for next year and necessities that must be included in the paragraphs of the law, came during a seminar organized by the progress of policy development institute in this regard. 
Dr. Mehdi al-Hafez began his speech by saying: that going forward the public is an essential tool in the financial policy of the state and gaining added significance because of the deterioration of the financial situation and the continuation of rent-seeking economy dominant on the public finances of the state, pointing out that the preparation of the budget has always been a complex problem for 
Iraq, adding this setting may be an honest picture of the dominance of the traditional bureaucratic thinking on financial affairs in the country . The more correct to come budget with guiding economic vision for the entire event, whether governmental or civil them in a coherent sober context. 
 And next year's draft budget Hafiz said, not without gaps such as limited financial resources blatantly, so that light oil is the main supplier, also determine the price oil at 45 dollars a matter of different discussions, there are those who believe that the caution of this issue is important. 
He then there is a problem with the Kurdistan region which is not simple but relate to a unified national future of Iraq as well as the financial part, sensitive, which has the effect of Kberaly total financial revenues of the state and must The conditions are available to resolve the problems with the region and the development of a fair formula for the distribution of resources. 
He pointed out that Al-Hafiz censorship in fiscal policy is a serious matter. In Iraq, despite what it takes current Constitution of Aaltzm submission of final accounts for some time and it is a major imbalance in terms of business practices, noting that the loans contained in the budget are the other need explanations and adequate. 
Dr. appearance of Mohammed Saleh Economic Adviser to the Prime Minister said the public opinion for the first once briefed on the budget bill in a transparent manner, pointing out that noticeable on the budget continued free from the presence of the letter shows the goals project, in the presence of a deflationary problems :eek:
  and high unemployment. 
He noted that the budget price of $ 45 a barrel adopted in time expect UIC oil prices next year Tstqrand $ 50 a barrel, indicating that the reality of the local export of oil is estimated at 6/3 million barrels and the quantities of produce up to 4 million, confirming the presence of risk emanating from geopolitical situation politically confused in the region and the suffering of the pipeline's oil province of Kurdistan. 
and spending priorities between it go to energy projects (oil and electricity) and to a minimum of 4.5 million employees, and the number of armed forces rose is added to them the popular crowd, pointing to the absence of a delay in the payment of premiums oil companies, especially that Iraq needs to develop the fields to increase production capacities. As Fouad Prince oil expert predicted balance occurring between supply and demand in global crude oil markets by 2017. turn drew Dr. Ali Keywords Governor of the Central Bank that the draft budget law ensures the provision of grants to self-finance companies after it was provided with loans and this needs to be reviewed. He said that after holding accounts on the doors of the deficit found in the deficit financing proposals which 19 Trliuna can not be financed. Pointing out that the alien point Add than 5_9 trillion dinars projects payment on credit loans to cover the budget deficit. On behalf of Antoine economic expert called to reconsider the calculation figures contained in the general federal budget project, especially as the country is undergoing recession, in light of the drop in oil prices and falling demand crude oil. On the Tariq Executive Director of the Association of Iraqi private banks have wondered about the best investment of the funds deposited in a bank Rafidain and Rasheed, pointing to the importance of the development of the banking sector, both public and private access its product to compete with regional banks. Dr. Akram Abdel Aziz, an economic expert said that the law budget for next year needs to be in tune with the real sectors of the economy, wondering about the reasons for neglect of dues private sector. in turn focused d. Miss Abdul Wahab economic expert on the need to address the budget, new doors most important to restore stability in the liberated areas costs, as well as increase the number of displaced people with the escalation of editing operations and the need for customizations, and must take into account the budgetary demands of the demonstrators. And stressed the importance of dealing with the budget to combat corruption and money costs We need this process.
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History of edits:: 2015/10/4 18:57 • 98 visits readable
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[baghdad-where] 
the parliamentary Finance Committee held a meeting with the financial burden of a number of general managers in the ministry to discuss the financial situation of the country.
A statement from the Ministry of Finance Agency has received all of Iraq [where] a copy of it, that "the Finance Committee in the House of Representatives, headed by Ahmad Chalabi, hosted, on Sunday, Finance Minister Hoshyar Zebari and general managers of the departments of public debt and the budget, accounting and Inspector General of the Ministry and a representative of the General Authority for taxes." . 
The statement added that he "took place during the meeting was to discuss and exchange views on the position of the internal and external public debt and the issuance of foreign bonds and the implementation of the budget in 2015, in the field of revenues and expenses, and has also discuss the draft 2016 budget law and the commitment of the Ministry of Finance lifted in time timings specified in the Financial Management Law" . 
For his part, Zebari stressed "the importance of transparency and the continued communication between the Ministry and the Commission and the ministry is ready to provide the necessary information according to the contexts in force in order to overcome the financial crisis and improve the economic and financial situation of the country" .anthy
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05/10/2015 02:33

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It was at the meeting to discuss and exchange views on the position of the internal and external public debt and the issuance of foreign bonds and the implementation of the 2015 budget.

BAGHDAD / Obelisk: the Finance Committee in the House of Representatives discussed under the chairmanship of Ahmed Chalabi, Sunday, Finance Minister Hoshyar Zebari general budget of the country for the next year.

The committee said in a press statement that "the Chairman of the Finance Committee and its members held, today, a meeting with the Minister of Finance and the general managers of the Chambers of public debt and the budget, accounting and Inspector General of the Ministry and Omthel for the General Authority for taxes."

The statement added that he "was in the meeting was to discuss and exchange views on the position of the internal and external public debt and the issuance of foreign bonds and the implementation of the budget in 2015, in the area of ​​revenue and expenditure, as well as discuss the draft 2016 budget law and the commitment of the Ministry of Finance lifted in time timings specified in the Financial Administration Act."

The Minister of Finance According to the statement, "the importance of transparency and continuity between the Ministry of Finance and the Finance Committee in the House of Representatives and the ministry is ready to provide the necessary information of the Finance Committee according to the contexts in force in order to overcome the financial crisis and improve the economic and financial situation of the country."

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Thanks Yota!

 

And it looks like they are really putting the thumb on Baghdad by pumping as much as they can.

 

Iraqi Kurds Boost Oil Sales in Drive for Financial Independence
October 5, 2015 — 8:06 AM PDT
 
 
 

Iraq’s Kurdish region ramped up crude exports by 27 percent in September as the semi-autonomous enclave seeks greater financial independence amid a budget dispute with the federal government in Baghdad.

The Kurdistan Regional Government exported 18.6 million barrels, or an average of 600,463 barrels a day, through the pipeline network to the Turkish port of Ceyhan, according to a statement on the KRG’s Ministry of Natural Resources website. In August, the KRG exported 14.7 million barrels of crude oil to the Mediterranean port.

Fields operated by the KRG contributed 448,340 barrels a day to the region’s exports, while deposits managed by the central government’s North Oil Co. shipped 152,122 barrels a day, according to the statement. Kurdish oil exports increased in September even as shipments halted for two days because of sabotage and theft, it said.

“In September, the KRG continued to increase its direct oil sales in Ceyhan to compensate the region for the budget shortfalls from the federal government in Baghdad,” the KRG said in its statement.

Iraq’s minority Kurds, who historically have resisted control by governments in Baghdad, are independently developing oil reserves they say may total 45 billion barrels -- equivalent to almost a third of Iraq’s total deposits, according to BP Plc data. The KRG and the central government have traded accusations of breaches to a Dec. 2 agreement that provided for the Kurds to export their oil through the state oil company in return for cash from authorities in Baghdad.

Less Cash

The central government denies that the Kurds supplied an agreed-upon 550,000 barrels a day and sent the KRG less cash as a result. The failure of the two sides to settle their differences over how to share revenue from oil sales exacerbates uncertainty about crude supplies from northern Iraq, one year since Kurdish troops occupied the region of Kirkuk and nearby oil fields to defend them against Islamic State militants.

“The KRG will continue to work with its counterparts in the federal government to reach a resolution on all the outstanding issues of oil and gas and in this regard it sees an opportunity for solid progress in the forthcoming discussions over the 2016 federal budget,” the KRG said in the statement.

The KRG plans to boost oil exports to 900,000 barrels a day by the end of 2015, Dilshad Shaaban, deputy chairman of the Kurdish parliament’s natural resources committee, told Turkey’s state-run Anadolu Agency in a Sept. 22 interview. Iraq, the second-largest producer in the Organization of Petroleum Exporting Countries, shipped 3.052 million barrels a day in September, according to data compiled by Bloomberg.http://www.bloomberg.com/news/articles/2015-10-05/iraqi-kurds-boost-oil-sales-in-drive-for-financial-independence

Edited by SocalDinar
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Author: Editor: mu reporter: we

Number of Views: 51
 

06/10/2015 11:17

 

Tomorrow Press / Baghdad: detection of the parliamentary finance committee member Husam punitive, Tuesday, from the construction of the general budget of the country at 113 trillion, of which 30 trillion budget for investment, and 83 trillion for operational, stressing that the Committee called on the government to reduce them in order to reduce the deficit ratio in it. He said punitive for "tomorrow Press", "The 2016 budget was built on the 113 trillion dinars, select which 30 trillion of the investment budget, as identified 83 Trliuna to operational." He called the punitive government to "send the general budget to the House of Deputies in accordance with the time ceilings in day 10 of the current month to enable the Commission to study and discuss and carry on down and vote on them ", adding that" the oil ministry identified the price of a barrel dollars to 45 at a rate of export three million 600 000 barrels per day and this is unrealistic and must reduce the public budget to reduce the deficit. "

 

History of edits:: 2015/10/5 17:54 • 128 visits readable
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[baghdad-where] 
the Ministry of Natural Resources in the Kurdistan region said on Monday that oil exports from the region rose in September to an average of 600 and 463 thousand barrels per day.
This average represents an increase of about 127 thousand barrels per day for the production of August, which were damaged during which exports because of repeated acts of sabotage of the pipeline, which carries crude to the Turkish port of Ceyhan from Kirkuk fields in the region. 
The increased exports through the vector pipeline to Turkey line on a regular basis this year, but the Kurds have reduced allocations Federal oil marketing company SOMO] since June in order to increase the independent territory sales of crude. 
canceled the de facto agreement reached late last year approved the Kurds under which the transfer of 550 thousand barrels per day on average to sumo in 2015 in exchange for rebalancing of payments Baghdad fully. 
The Iraqi Oil Ministry last week that the province transferred 22 thousand barrels per day only for Sumo in September compared to 50 thousand and 935 barrels per day in August. 
The ministry said "the Kurdistan Regional Government continued in September to increase direct sales of oil at Ceyhan to compensate the region for the lack of budget by the federal government in Baghdad. 
"The oil, which is pumped through the pipeline in the foundation of the fields in the Kurdistan region, which pumped 448 thousand and 340 barrels per day in September, while the remaining quantity of the disputed Kirkuk fields, which holds the North Oil Company of government-owned management came but under Kurdish control. 
The Federal Ministry of Oil said in a statement last week that the bulk of Iraq's oil exports is produced and shipped from the southern regions, where production amounted size of those areas 3.03 million barrels per day in Oilol.anthy

06/10/2015 11:14 GMT

  Cabinet form a committee to investigate the leaking to the media in 2016 budget

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  Baghdad and babysit - in its meeting of Council of Ministers decided on Tuesday to form a committee to investigate how the leaked draft of the financial budget for 2016 to the media.
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Reduce the 2016 budget to 100 trillion dinars instead of 113 Trliuna

By Mohammed Emad 08/10/2015 10:27 | Views: 2841

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Brother - Baghdad

Confirmed member of the Economic Committee MP Najiba Najib, the government and parliament Mottaghan to reduce the 2016 budget of 113 trillion to 100 trillion dinars.

She said Najib that "the economic and financial committees in that they began parliament were pushing operational and investment expenditure in the budget of 2016 to further austerity point to Aissalhma to 100 trillion dinars instead of 113 trillion, noting that the ministerial committee which was formed to discuss the increase in oil revenues will not be able to link to 10% of Revenue Maineks a negative impact on budget revenues. "

Najib called on the government not to stand idly by and by emphasis on government revenues, "the proportion of tax collection and customs, and to compensate for revenue in the budget and to be able to fill the need for war against Daash expenses and the expenses of the displaced."

She continued, "The financial crisis that hit the country were the result of previous governments failed to budget management and the development of budgets and lack of investment explosive White dinar in the black today, a Matdf toll of the current government."

The Ministry of Finance has submitted a draft 2016 budget expenditure of up to 113 trillion dinars divided its operation budget is estimated at 83 Trliuna and investment budget by 30 Trliuna. "

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Parliamentary Finance: budget next year free of Civil grades
Economy and Tenders

 Since 08.10.2015 at 13:00 (GMT Baghdad)

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 Special - scales News

He said the parliamentary finance committee member Sarhan Ahmed Sarhan, Thursday, that the budget in 2016 without functional allocations because there are economic and financial crisis as a result of the deterioration of oil prices, which led to the collapse of Iraq's economy, noting that there are functional grades include only the ministries of defense and interior.

He said Sirhan's / scales News / that "the budget in 2016 abandoned any functional allocations at the present time according to the draft, which was published on the official sites," stressing that "there are degrees of functional for the defense and interior ministries only and so there are no allocations for any job."

He added that "there are no functional degrees for decades also in the budget of 2016 attributing the cause to a lack of financial allocations in addition to the existence of an economic crisis as a result of the deterioration of oil prices," stressing that "the main reason for the lack of functional degrees in the new budget is due to a decline in prices, which led to the collapse of Iraq's economy. "

Sarhan said that "State nine hard for the purpose of providing monthly salaries of employees of oil imports to Iraq and there is no Ward last to raise the budget only oil imports," asserting the existence of the salaries of disciplines in the 2016 budget. "

 Little Naabah Finance Committee member Ahmed Hama said, earlier, that the decline in oil prices to $ extra budget would increase the financial budget deficit for next year one billion dollars.

It is worth mentioning that the economic expert on behalf of Antoine stressed, earlier, on the need to reconsider the budget in 2016 to estimate the real deficit, noting that Iraq's economy will confront the risk if it continues to rely on the resources of the International Monetary local banks and loans Alforeigh..anthy Fund 29/4 e

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Economy and tenders since 07.10.2015 at 15:00 (GMT Baghdad)

 

Special - scales News

He stressed the parliamentary finance committee member Rustam Masood Haider, Wednesday, that the draft general budget for the 2016 law did not include solutions to the financial crisis between Baghdad and Erbil.

He said Rustam's / scales News / "The parliamentary Finance Committee discussed the financial problem between the central government and the province Mchristan Iraq, with Finance Minister Hoshyar Zebari, Minister by hosting a session of the Committee."

The member of the parliamentary finance committee that "the draft general budget for the 2016 law did not include solutions to the financial crisis between Baghdad and Erbil, because the subject is up for political agreements between the province and the federal government, so we do not believe that he will resolve this matter at all in the budget law, and so far there are no no signs on the holding of meetings between the two parties. "

The "parliamentary Finance Committee member Ahmed Sarhan stressed that the shortfall in the budget of 2016 is estimated at 29 trillion Iraqi dinars," noting that "bad policies of previous governments and not to be exploited for oil imports at that time led to the financial deterioration in Iraq now."

The "Committee for the economy parliamentary member Mohammed Abbas stressed that" next year's budget in 2016 will take into account the military things needed by Iraq in its war against al Daash terrorist requirements, "noting that" the political and security situation the country is experiencing will affect the shape. "

And it imposed "government austerity measures in the 2015 budget because of lower oil prices and calculated at $ 50 per barrel, represented to cancel unnecessary expenses."

It is said that "a member of the economic and investment commission parliamentary Najiba Najib suggested earlier in the L / scales News /, reduce the price of a barrel of oil to $ 40 in the fiscal budget for 2016", while confirming that "the budget will amount to parliament soon."

It is said that "the parliamentary finance committee member Ahmed Hama confirmed L / scales News /, last Wednesday, it said that lower oil prices will increase an additional budget of $ fiscal budget deficit for next year one billion dollars."

This "The head of the Commission services and ages parliamentary Nazim al-Saadi's / scales News /, earlier, that his committee the government will be forced to allocate funds financial budget for the next year in 2016 to implement projects, among the priority projects will be for services."

With ", he stressed the economic expert on behalf of Antoine on the need to reconsider the budget in 2016 to estimate the real deficit," adding that "Iraq's economy will confront the risk if it continues to rely on the resources of the International Monetary Fund, local banks and foreign loans" ./ ended 29 n / 10

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08/10/2015 (00:01 pm)   -   the number of readings: 186   -  number (3473)
 
 
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BAGHDAD / long-Presse 
 

Favored the decision of the parliamentary finance committee, on Wednesday, the arrival of the federal budget for 2016 to Parliament on the 10th of this month for the purpose of voting upon the House of Representatives, pointing out that the deficit up to 29 trillion dinars, while counting the deficit as "very significant", He pointed out that the investment budget is 30 trillion dinars.

He said the Commission decision of Ahmed al-Haj in an interview to the (long-Presse), "The Committee expects the arrival of 2016 budget to parliament on the tenth of October current," noting that "the budget deficit up to 29 trillion dinars, which is very large by global standards, which requires that the deficit which does not exceed 15%. 
"Haj" The per barrel price in the budget proved dollars to 45 and the Committee supports this price even though it was a wish for less than this because the five-plus-one agreement (the nuclear deal) will lead to lower oil prices ". 
He noted a member of the Finance Committee that" the investment budget is 30 trillion dinars, but in practice can not take advantage of this budget to achieve the deficit 29 trillion. 
"It is said that the Ministry of Finance, announced on the 15th of last month, providing budget 2016 to the Council of Ministers, while confirming that the formulation has been lowering overhead and struggling waste in state revenues and diversify sources of national income. 
The ministry said in a statement that it "presented a draft general budget for the next 2016 law to the Council of Ministers in line with the Constitution of Iraq and directions of the government for consideration and discussion before they are submitted to the House of Representatives. 
"The financial budget for 2016 B84 trillion dinars, and prepared to sell a barrel of oil price of $ to 45, with an average export of 3.6 million barrels. 
and leaked to the media a copy of the draft provided by the Ministry of Finance to the Council of Ministers, the Council paid to vote in its meeting held on Tuesday of this week to "vote on the formation of a committee to investigate the leaking of a draft financial budget law for 2016, to the media before the approval of the Cabinet." 
In a related context, the Minister of Finance revealed and the economy in the Kurdistan Regional Government Rebaz lambs, Wednesday, for exchange 756 billion dinars on the war against al-Daash, as he emphasized that the teaching staff salaries for the month of July, will be distributed on Monday. 
He said Rebaz lambs, during a meeting with the Finance Committee and the economy in the Kurdistan Parliament and I followed (the long-Presse), "it was so far disbursed 756 billion dinars on the war against Daash, the fact that the Peshmerga forces fighting organized along more than a thousand kilometers over a year ago. 
"In another context stressed lambs, that" faculty salaries for the month of July will be distributed on Monday, (12.10 0.2015), while not yet the distribution of salaries only for the Peshmerga forces and Zervana and emergency forces. " The minister attended a meeting of the Finance Committee and the economy on Wednesday, at the invitation of the Committee, to provide clarification on the financial situation of the Kurdistan Regional Government and the reasons for the delay of salaries of employees distributed. 
Dozens of staff in the governorates of Erbil and Sulaymaniyah came out on Tuesday (6 October 2015) to demand regardless overdue salaries since 3-4 months. 
saw the cities of the Kurdistan region, including the Sulaymaniyah during the last term, demonstrations of Education staff and several ministries to demand overdue salaries since 2014, due to the delay sent from the central government.

 
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History of edits:: 2015/10/12 9:19 • 212 visits readable
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[baghdad-where] 
revealed the appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi about the existence of the doors of exchange in the financial budgets of the state contain corruption.
Said Saleh told all of Iraq [where] "There are areas of corruption under the doors of exchange in the budgets and the government addressed strongly without retreat and we're going to end it as it provides many billion of the budget." 
He added, "in relation to the budget of 2016, we had a choice in these conditions with the decline in oil prices, which form the basis of the budget and the landing means landing our resources, the first is to address all expenses that are not an important financial sustainability, and the other option is to expand some of the state's resources. 
He said that even the resources borrowing her priorities mismatch interior, foreign and other sources that are of the types including low-cost, sources and other average cost and priority certainly the few sources of cost because the hedge emergency is important. 
"Saleh said," The salaries take about a third of the financial budget and the government address the high ones so that salaries are reasonable and logical ladder reduce cost and waste in this aspect and if there are operational or areas of the expenses of the exchange is necessary is also addressed. 
"He said the" reduction of 2016 budget was built on the new standards and must be reduced to the extent possible with reducing the doors of exchange in front of the new directions of the government and sent to the House of Representatives free of expenses and high expenses and be logical budget commensurate with the reforms. 
"He pointed adviser Abbadi, "The Cabinet wants to build a budget efficient current situation and do not want to repeat last year's experience to go to challenge the Alatjadih court, but we want harmony between the government and the parliament's budget and expect to achieve this are high." 
The Ministry of Finance has announced that in 16 of last September it had delivered the draft budget 2016 to the Cabinet for approval as published in its official website a copy of the draft, but the Council of Ministers decided in its meeting last Tuesday to form a committee to investigate how the leak of this draft to the media. 
The calculated this draft - also published by the Ministry of Finance - Revenue from export of oil Crude on the basis of the average price of $ 45 per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels per day of product quantities of crude oil in the Kurdistan region and 300 000 barrels of product quantities of crude oil through the Kirkuk province, and that all revenue actually income once and for calculating the public treasury of the state. 
She draft budget that speculative revenue for Iraq from sales of oil for the next 2016 an estimated $ 59 billion is equivalent to 83% of federal budget revenues. 
According to figures contained in the draft that the oil revenues and mineral wealth is estimated at 69 Trliuna and 773 billion and 400 million dinars Iraqi which is equivalent to about 83% of the total revenue conjecture 84 trillion dinars and add to it Estimated amounts obtained from the loans and the other to cover the deficit in the budget. 
This is equivalent to oil revenues, the value of the dollar 59 billion and 130 million Dolar.anthy 2
 
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Advisor to the Prime Minister: the doors budgets exchange containing corrupt and are addressed  
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Image of Reuters - Arabian Eye
 October 12, 2015 18:21

Direct: the appearance of Mohammed Saleh economic adviser to Iraqi Prime Minister said that there is exchange in the financial budgets of the state contain the corruption of the doors, and there are areas of corruption under the doors of exchange in the budgets and the government addressed strongly without retreat and we're going to end it as it provides many billion of the budget.

He added "fit" that the 2016 budget put us in front of two choices in these conditions with the decline in oil prices, which form the basis of the budget and the landing means landing our resources, the first is to address all expenses that are not an important financial sustainability, and the other option is to expand some of the state's resources.

"Fit" and explained that it must reduce the 2016 budget to the extent possible and ndash; according to the agency all of Iraq, "where" - with reduced exchange in front of the doors of the new directions of the government and sent to the House of Representatives free of high expenses and expenses and be a logical fit with budget reforms.

The draft budget has indicated that speculative revenues from Iraq's oil sales for the next year in 2016 estimated $ 59 billion is equivalent to 83% of federal budget revenues.

According to figures contained in the draft that the oil revenues and mineral wealth is estimated at 69.77 trillion Iraqi dinars, equivalent to about 83% of the total revenue conjecture 84 trillion dinars and add to it Estimated amounts obtained from the loans and the other to cover the deficit in the budget.

This is equivalent to the value of the dollar oil revenues of $ 59.13 billion.

 
 
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Parliamentary Finance: 2016 budget amendment requires agreement with the government to cross the difficulties

Economy and Tenders

 Since 10.13.2015 at 09:40 (GMT Baghdad)

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Special - scales News

Said the parliamentary finance committee member Abdul Qader Mohammed, Tuesday, on the non-arrival of 2016 budget to the House of Representatives, and be up and are starting amendment it will be by agreement and understanding with the central government until the parliament does not face more difficulties, noting that the budget contains a number of substances that affect the financial matters of the country.

He said Mohammed's / scales News / "The budget of 2016 did not reach far into the House of Representatives and the right of Parliament amendment them after discussion," stressing that "We have to make amendments to the budget, through an agreement with the government on the material to be edited out so as not to Parliament is facing difficulties. "

He said a member of the parliamentary finance committee that he "has been building the budget on the price of a barrel of oil to $ 45 and there are expectations of higher oil prices and so can the parliament of the amendment to the new budget," noting that "the budget contains a number of reforms that affect the financial matters, including the management of the country and this What is happening through understanding with the government on any amendments thereto on the budget. "

The "parliamentary finance committee member Massoud Rostam likely, earlier, returned the next financial budget for 2016 to the Ministry of Finance to review some of the paragraphs."

The "Commission on oil and energy parliamentary member Ibrahim revealed Bahr al-Ulum, on Monday, on the status of the determinants to address the problem of the oil agreement between Baghdad and Erbil in the 2016 budget law," adding that it "will be required both parties to adhere to production and export according to the guidelines are subject to the standards satisfactory to the center and the region."

The "member of the Kurdistan Alliance Arafat generosity revealed to / scales News /, earlier, about the existence of three solutions to resolve the crisis with the federal government on the oil agreement is to re-talks" serious "again the previous agreement, which took place in Arbil The second solution lies go Towards a new oil deal in accordance with the new items to determine what is an existing data from current and satisfactory to all parties. "

It is worth mentioning that the "decision of the parliamentary finance committee Ahmed Haji confirmed, earlier, that the federal budget for 2016 dedicated to the payment of all employees' salaries without any projects for investment," noting that "the budget amounted to 113 trillion dinars allocated including 83 trillion operating budget." It ended 29 quarters e


Oil Minister emphasizes the need to be built next year's budget on the basis of incorrect
Economy and Tenders

 Since 10.13.2015 at 12:36 (GMT Baghdad)

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Baghdad scales News

Oil Minister Adel Abdul-Mahdi, Tuesday, need to ensure that the buildings be next year's budget is correct, as well as its information and numbers.

He said Abdul-Mahdi, in a statement received / scales News / copy of it "published some sites draft budget for 2016; because the budget is serious and sensitive is where much of the economic activity; therefore care must be taken to be its premises are true, as well as its information and numbers."

"We all know the great effort of the brothers and sisters in the Ministry of Finance for the preparation of the budget .. which must be congratulated upon submission especially in the month of October, also calls for" financial management law "; so that approval before the end of the year."

"The Vemoazinh 2014 did not acknowledge mainly because of differences in the House of Representatives so it remained the country in the wind, with respect to the financial exchange, and caused significant financial mess pay and pay everybody for it, but that usually delays both of Finance or the Ministry Council, or the House of Representatives, was the norm throughout past years, the natural result of the delay continuing financial units for disbursement according to the base 1 to 12 from the previous year expenses, with all the damaging consequences and confusion in the implementation of projects that will not be available with sufficient time for the announcement and end all instructions and controls services and oversight requirements, what is happening in turn deficit and failure for the completion of projects that will provide services to the citizens, and greatly encourage the commission of errors and incorrect decisions, which is the so-called rightly or wrongly charges of corruption and waste of public money. "

We will leave the budget discussion orientations offered to place another chance, but we will discuss the wrong information in the lines first to the draft law, and should it came inadvertently, draft, remember what "the price of the planned barrel for 2015 follows is $ 56, has not been achieved .. The crude oil production 3300 Source thousand barrels per day, while did not get into this production .. First Valhq true with respect to price .. The second part on exports, it is wrong and must be corrected.

He explained, "As everyone knows that the budget in 2015 was built on exports based on 2750 thousand barrels per day from the southern ports and 550 000 barrels per day of Kirkuk and the region, a total of 3,300 thousand barrels per day, and the fact that this rate has been achieved, but check the most of it. I have reached Annual exports from the southern ports until 2764 10/10/2015 rate thousand barrels / day .. and that Iraq issued since June 2015 over 3000 thousand barrels per day from only the southern ports. "

And between that "if the situation continues until the end of the year as expected, the exports from Iraq's southern ports may exceed 2900 thousand barrels / day on average per year, more than estimated in the budget average .. with reference to the annual rate of production of Iraq from the sources that feed the southern ports has risen to more than 3,500 thousand barrels per day, which is going on today around 3,800 thousand barrels per day .. Were it not for domestic consumption and to provide the Ministry of Electricity crude oil among other energy sources rates increased export rates also .. We believe that the Ministry of Finance should be calculated these quantities manner or another; it represents double boost .. On the one hand allocated to electricity and other institutions allocations of energy in their budgets, on the other hand, the oil bear these costs / free /, evidence accumulated trillions of dinars, which have not been paid to this day. "

He noted that "either with respect to what Kurdistan issued since the beginning of the year till 05.10.2015 is 503 thousand barrels per day .. and exports rose in the last two months for more than 600 000 barrels per day, if the referee awarded the rest of the year, the annual rate also will exceed 550 thousand barrels / day. "

"The estimate of exports by 3300 thousand barrels / day for 2015 has been achieved, it has been surpassed and forms required to explain is not in the volume of exports, but also in the delivery of the province's" Sumo "required quantities .. and here also believe that the budget law may establish a mechanism to deal However, at least from the accounting and financial side .. In the case of prejudice, from any party, the shortfall is deducted from the oil or of the 17% .. and already was paid to the province in proportion and deliver the province's "Sumo" .. and it is not recorded in the budget expenses deducted from the province, and this is supposed to draw those ".anthy 29 / d 25

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