Parliament held its meeting under the chairmanship of the 38-Jubouri and the presence of 228 deputies

[mannie2g]

That was quick

[yota691]

Deficit reduction ratio .. and the provision of staff salaries

 

 

         

11/18/2015 0:00 

Government beyond fears disable state financially 
¶ Jubouri «morning»: Talks to amend the budget 
 BAGHDAD - morning 
Parliament Speaker Dr. Salim al-Jubouri detect dialogues with the government to amend the General Budget Law for the year 2016 
coincided these moves with the government overcome the fears disrupt financial state after the deficit reduction financial and staffing national and expenses salaries Alakhary.oaaln Jubouri in a statement to «morning», «ready parliament to work on starting the process of redeployment of some chapters of the budget», indicating that «transfers the doors of a legal budget and we have the right to dispose of them in addition to the dialogues that will be held in the Council Minister ». 
But the parliament speaker warned that« some amendments to the 2016 budget being based on the requirements of the World Bank, one of the important issues, and it must be welcome ».obouksos most prominent will be amended, he said that« the most important issues to be discussed by the Council , money that will be allocated to address the IDP crisis ». 
The next year's budget 106 trillion dinars a deficit of 22.7 trillion Danar.ovi the context of connected, browse the Ministers of Finance, Planning and oil in the parliament session yesterday project Almoisnh.otmon Finance Minister Hoshyar Zebari all citizens items, that« Government exceeded real concerns about the disable state and non-compliance with its obligations to pay employees and other entitlements salaries ».zibara said during the meeting, which followed up« morning »: that« the government was able to reduce the deficit from 25 percent to 22 percent. 
He said Zebari as announced by al-Jubouri «morning» from the existence of intensive meetings with international financial institutions including the International Monetary Fund, pointing out that the Council of Ministers will submit an amendment to the budget bill for 2016 soon in order to reduce the existing deficit through the issuance of bonds and cash. 

[yota691]

Member of the Finance Committee: a few relatively low incidence in central bank reserves is normal

 

Tuesday November 17 2015 17:50

 

 

 

 

 

 

 

 

Alsumaria News / Baghdad 

Description parliamentary finance committee member Husam punitive, Tuesday, the financial budget's dependence on non-oil revenues by 17% of them "as good", among the relatively low occurrence of few in central bank reserves "is normal". 

He said in an interview with the punitive Sumerian's News, "The difference between the budgets of 2015 and 2016 is clear in terms of retrenchment on the one hand, and increase the production and export of oil volumes and reduce the deficit, which we consider to be a good budget ratios." 

 

 

He punitive, that "as a blueprint for the budget revenues are 83% dependent on oil and appreciated B79 trillion, and 17% on imports of non-oil revenues are estimated with 14 trillion," describing the figure as "good". 

And between punitive, that "the Central Bank of the existing reserves estimated at 50 billion dollars, it is natural that the relative decline little happens in the bank reserve". 

The session saw the House of Representatives under the chairmanship of the 38 Saleem al-Jubouri and the presence of 228, on Tuesday (November 2015 17), ending the second reading of the law of the general budget.

Read more: http://dinarvets.com/forums/index.php?/topic/211522-member-of-the-finance-committee-a-few-relatively-low-incidence-in-central-bank-reserves-is-normal/#ixzz3rq42mjGj

[yota691]

Parliament finish reading the 2016 budget and to Thursday to raise its "expanded"

Political

 Since 11/17/2015 17:48 pm (Baghdad time)

BAGHDAD - scales News

House of Representatives ended its session usual thirty-eighth session, which was held on Tuesday, read the report and discuss the 2016 budget.

A statement from the presidency of the parliament received / scales News /, a copy of which, "The Council also voted on a resolution that compels its members to follow measures to amend the national card law, specifically Article 26 Secondly it in line with the provisions of the Constitution."

The statement added that Parliament postponed the vote on the draft law of the Martyrs Foundation, and sponsored by the committees of the martyrs and victims and political prisoners, human rights, and legal to session next Thursday in order to address some of the paragraphs at issue. "

The council also finished reading the report and discuss the draft general budget of the Federal Republic of Iraq for the fiscal year 2016 law, submitted by the Finance Committees, and legal. "

And the report of the Committee that the "Total budget expenditures for 2016 amounted to" 106 "trillion dinars compared to the amount of" 119 "trillion dinars for 2015, a decrease of 11%, noting that the federal budget for the coming year suffer from a deficit of" 22.7 "trillion dinars, the equivalent of "21%" of total expenditures. "

For his part, Finance Minister Hoshyar Zebari on "the government's commitment to providing the budget in 2016 set the timing," explaining that "the government exceeded the real concerns about the disabled state, and non-compliance with its obligations to pay staff salaries and other entitlements."

Zebari said that "the government was able to reduce the deficit from 25% to 22%, alluding to hold intensive meetings with global financial institutions, including the International Monetary Fund," pointing out that "the Council of Ministers will submit an amendment to the budget bill in 2016 soon in order to reduce the deficit existing cash through the issuance of bonds. "

The Planning Minister Salman Jumaili revealed "the existence of 4012 investment projects implemented by the provinces through regional development budget, in addition to the 2726 investment projects implemented by the relevant ministries," pointing to "the non-inclusion of new projects on the state budget for 2016, in addition to delete and the freezing of some investment projects , announcing the near end accruals Contractors, and resolve the issue of lagging projects. "

Turn Oil Minister Adel Abdul-Mahdi called during the parliamentary session to launch a campaign to encourage investments in the oil and other sectors, as well as encouraging national investments to make up for the shortfall in the budget, and increase state revenues. "

He predicted that the oil minister "be oil production rates for 2016 up to 3.7 million barrels per day", calling for "fundamental changes to the oil licensing contracts being signed at a time when oil prices are high."

While raising its House of Representatives on Thursday to ".anthy 29/9 P

[yota691]

Deputy: the budget was completed in record time and the deficit of the biggest problems

History of edits:: 2015/11/18 9:44 • 39 visits readable

[baghdad-where] 
MP for the National Alliance activist al-Moussawi, said that the financial budget for the 2016 law was completed and sent to parliament in record time, but the problem that we face is the great Agr.

He said al-Moussawi told all of Iraq [where], that "the completion of the draft 2016 budget law at this time and sent to the Parliament has been in record time." 
He added that "the problems faced by the budget, total dependence on oil sales as a key resource of revenue for the country's monetary" . 
"The biggest problem is the most prominent are the large deficit budget." 
The Foreign Minister Hoshyar Zebar confirmed, hosted by the Chamber of Deputies session today, the government's commitment to providing the budget in 2016 the timing schedule, adding, "The government exceeded real concerns about disable state and non-compliance with its obligations to pay employees and other entitlements salaries. 
"The Minister of Finance to," The government is able to reduce the deficit from 25% to 22%, alluding to hold intensive meetings with international financial institutions including the International Monetary Fund, 
pointed Zebari that "the Council Ministers will submit an amendment to the budget bill in 2016 soon in order to reduce the existing deficit through the issuance of cash bonds. 
"The overall size of the budget year 2016 more than 106 trillion dinars, while suffering from a deficit of 22.7 trillion dinars, the equivalent of 21% of the total expenditure. finish

 

[tigergorzow]

Yota Thanks, 2nd reading of 2016 Budget completed now let's vote and published in the Gazette asap. Also, Please vote on HCL as well.

Keeping the faith!!

GO RV!!

[four wheel drift]

Completed BUT the problem we face is the great Agr.? (Agriculture?)

FWD

GO RV