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IMF: 2018 Iraqi draft budget won't 'cover the needs' of Kurdistan


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Ahmad Haji Rachid: Budget Law 2018 arrives Parliament on November 7 and this is why the share of the region Friday 03 November 2017 | 12:30  The head of the Kurdish Islamic Group in the Iraqi parliament, Ahmed Haji Rashid, said that the budget bill for 2018 is scheduled to reach the parliament from the government on November 7, adding that the reason for the reduction of the share of the region from 17% to 12.67% Distributed on the basis of the proportion of the population in the regions and the Kurdistan region has received a value of 17% from 2005 to 2017 "Baghdad says it will send 784 out of a million and 200,000 employees," he said. "This is pushing Baghdad to demand a new list for the Kurdistan region. We told Baghdad that we have the real numbers and the real employees will be the beneficiaries of the Budget share

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  • yota691 changed the title to Budget Law 2018 arrives Parliament on November 7 and this is why the share of the region
 
The 
deputy of the Patriotic Union of Kurdistan Bakhtiar Shaways, on Friday, reducing the share of the Kurdistan region in the budget of 2018, "illegal", between that this was "under the pretext of the referendum." 
"The draft draft law of the budget of 2018 reached the Council of Ministers with the reduction of the share of the region from 17% to 12.67% without any legal reason and the pretext of the referendum."
He added that "if a vote on the draft budget within the Council of Ministers and sent to the House of Representatives, the Council will not be able to increase the proportion, because it is his powers only to reduce the expenses and the movement between them." 
He stressed that "the need for dialogue and negotiations with Baghdad to amend, because this reduction will be negative on the region for several reasons, the most important possibility of paying salaries of staff in the region next year from Baghdad, according to the return of oil revenues and imports of border crossings and airports to the federal government as well as reduce the share of the region of medicines And medical supplies and reduce the share of food as well as share of the number of pilgrims. 
"I hope that the opportunity for dialogue with Baghdad will not be lost, that the issue will not become like the referendum issue, and you will not hear anyone's words because then we do not regret it."
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URGENT The cabinet votes Sunday on the 2018 budget in an extraordinary session

Baghdad: Al-Furat News) The Council of Ministers, an extraordinary session, next Sunday, to vote on the draft federal budget law for the year 2018.
"The financial budget for 2018 is still in the process of discussion and discussions to reach the final version, which will be voted by the Council of Ministers very soon," a statement by the Secretariat General of the Council of Ministers received the agency {Euphrates News} a copy. 

The statement pointed out that "copies circulated - to balance - in the media is inaccurate and untrue." 

He pointed out that "next Sunday will be a meeting of the Council of Ministers dedicated to discuss the budget in its final form and vote on it."

http://alforatnews.com/modules.....yid=153357

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the Iraqi government denies the authenticity of the circulated version of the budget of 2018 and announce the date of resolution of the vote

The Iraqi government denies the validity of the circulated version of the budget of 2018 and announce the date to resolve the vote on it

Twilight News    

 

 2 hours ago

 

 

The General Secretariat of the Council of Ministers on Friday denied the authenticity of the copies circulated by local media for the fiscal budget for next year.

The Secretariat said in a statement today that the financial budget for 2018 is still in the process of discussion and discussions to reach the final version to be voted by the Council of Ministers very soon, indicating that the copies circulating in the media is inaccurate and untrue.

The statement added that next Sunday will be a meeting of the Council of Ministers dedicated to discuss the budget in its final form and vote on it. 

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  • yota691 changed the title to Cabinet holds a meeting Sunday to discuss the financial budget for 2018

Cabinet holds a meeting Sunday to discuss the financial budget for 2018

03/11/2017 08:55 | Number of readings:

 
Cabinet holds a meeting Sunday to discuss the financial budget for 2018

Trend Press / Baghdad

The General Secretariat of the Council of Ministers: "The Council of Ministers will hold on Sunday a meeting dedicated to discuss the budget in its final form and vote on it."

 

"The financial budget for 2018 is still in the process of discussion and discussions to reach its final formula, which will be voted by the Council of Ministers very soon," Amana said in a press statement.

 

"The circulation of the budget in the media is inaccurate and untrue."

 

She added: "The Council of Ministers will hold on Sunday a meeting dedicated to discuss the budget in its final form and vote on it."

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  • yota691 changed the title to The Cabinet will hold a meeting next Sunday to vote on the budget of 2018
Editorial date: 2017/11/3 20:26 • 237 times read
The Cabinet will hold a meeting next Sunday to vote on the budget of 2018
[Ayn-Baghdad] 
The Cabinet voted in an extraordinary session on Sunday to vote on the draft budget bill for 2018.
The Secretariat of the Council of Ministers in a statement received by the agency all of Iraq [where] a copy of it, "the financial budget for 2018 is still in the process of discussion and discussions to reach the final version, which will vote by the Council of Ministers very soon and that copies circulating in the media is inaccurate and invalid "He said. 
She added that "next Sunday will be a meeting of the Council of Ministers dedicated to discuss the budget in its final form and vote on it." 
Some media published a few days before the draft bill of the budget of 2018, revealed the value of the total and deficit ratio, in addition to reducing the proportion of the Kurdistan region. 
According to the draft, the total revenue was estimated at 5 trillions and 331 million dinars at 43.4 dollars per barrel of oil, with a production capacity of 3 million and 888 thousand barrels, including about 73 trillion dinars of oil revenues.
She pointed out that the total expenditure estimated at 108 trillion and 113 million and 913 thousand and 506 dinars, while the budget deficit amounted to about 22 trillion and 782 million and 913 thousand and 506 dinars, while the share of the Kurdistan region to 12.67% only after it was 17%. 
The draft said that the budget was based on the rate of export of oil of 3 million and 800 thousand barrels per day, including 250 thousand barrels of oil in the Kurdistan region, and 300 thousand barrels of Kirkuk oil, and on the basis of the price of a barrel is estimated at almost $ 43, Is the largest supplier of the budget. 
He pointed out that the share of the Kurdistan region was developed according to the souls of each province of the region, and when any increase or decrease in the total expenditures of the federal budget will add or decrease the share of the provinces of the region proportionate with the increase or decrease.
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Erbil calls Baghdad not to ratify the budget of 2018 and invite them to negotiate

 

 From 2017-11-05 at 13:02 (Baghdad time)

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Baghdad Mawazine News

The Council of Ministers of the Kurdistan region on Sunday called on the central government in Baghdad not to approve the budget of 2018.

"The Council of Ministers in a statement briefed him / Mawazin News," The Iraqi Council of Ministers, not to vote on the draft budget for the financial budget for 2018, "noting that" the budget prepared unilaterally by the Iraqi Ministry of Finance without the participation of the Kurdistan Region contrary to Law No. 95 Of 2014 and articles 105, 106 and 121 of the Constitution, which ensure fair participation of the Kurdistan region in federal institutions.

The statement continued that "this draft was prepared without the participation of the Kurdistan Region and without taking into account the Constitution and federal laws, especially as the draft marginalizes the constitutional and legal entity of the Kurdistan region, and the name (northern provinces of Iraq) on (Kurdistan region - Iraq)."

He stressed that "the name of the (provincial government) on (the Kurdistan Regional Government) and the name (Ministry of Finance of the provinces) on (the Ministry of Finance and Economy of the Kurdistan region), together with the designation (the Office of Financial Supervision in the Kurdistan region) (121), which recognize the Kurdistan Region and its powers as a federal region, and grant legislative, executive and judicial powers to the Kurdistan region, not as a group of provinces. "

The Secretariat of the Council of Ministers, confirmed yesterday that the financial budget for 2018 is still in the process of discussion and discussions to reach the final version, which will be voted by the Council of Ministers very soon, noting that the current circulation is inaccurate and invalid, and that the meeting of the Council of Ministers tomorrow to discuss Budget and final vote

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  • yota691 changed the title to The Cabinet seeks to reduce the budget deficit to its lowest level
 
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Economy News _ Baghdad

Secretary-General of the Council of Ministers Mahdi Al-Alak participated in the meeting organized by the General Secretariat with the directors of the financial departments in the ministries to review the figures of the general budget in the final stages. " 

He stressed the relationship during the meeting, according to a statement to the Secretariat of the Council of Ministers obtained" Economy News "a copy of it, the minimum, due to the continuing decline in state revenues as a result of the deterioration of oil prices in the global market, stressing that the cabinet seeks to reduce the budget deficit to its lowest grades. " 

witnessed the meeting , " a final discussion of the origin of the provisions contained in the budget law, setting priorities and fix it . " 

and Thief meeting to register a group notes on legal formulations of the law and submit them to the Secretary - General of the Council of Ministers, in order to deliver them to the Council of Ministers at its next meeting. "

The statement pointed out that the meeting was held in the presence of Undersecretary of the Ministry of Finance Maher Hammad, Undersecretary of the Ministry of Planning Qassim Attiyah, Director General of the Legal Department in the General Secretariat of the Council of Ministers Najib Shukr Mahmoud, Director General of the General Budget Department in the Ministry of Finance.

 

 

Views 5   Date Added 05/11/2017

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  • yota691 changed the title to Cabinet votes on the 2018 budget in the "lowest deficit"
Date of release: 2017/11/5 12:33 • 405 times prescribed
Cabinet votes on the 2018 budget in the "lowest deficit"
[Ayn-Baghdad] 
The Cabinet will hold on Sunday, an extraordinary session is likely to vote on the draft budget bill for 2018.
The Secretariat of the Council of Ministers said in a statement last Friday that "the financial budget for 2018 is still in the process of discussion and discussions to reach the final version, which will be voted by the Council of Ministers very soon and that the copies circulating in the media is inaccurate and untrue. 
She added that "next Sunday [today] will be a meeting of the Council of Ministers dedicated to discuss the budget in its final form and vote on it." 
"The Secretary-General of the Council of Ministers held a meeting of directors of the departments of financial departments in the ministries to review the law of the financial budget." 
The statement added, "Ayna, a copy of the statement that the" participated in the meeting organized by the secretariat with the directors of the financial departments in the ministries to review the numbers of ministries in their final stages. "
The Secretary-General of the Council of Ministers stressed that "the need to limit expenditures to the minimum, because of the continued decline in state revenues as a result of the deterioration of oil prices in the global market," stressing that "the Council of Ministers seeks to reduce the budget deficit to the lowest degree." 
The statement pointed out that the meeting "witnessed a final discussion of the origin of the provisions contained in the General Budget Law, setting priorities and reforming, and concluded to record a set of observations on the legal formulations of the law and submitted to the Secretary-General of the Council of Ministers, in order to deliver them to the Council of Ministers at its session. 
Some media published a few days before the draft bill of the budget of 2018, revealed the value of the total and deficit ratio, in addition to reducing the proportion of the Kurdistan region.
According to the draft, the total revenue was estimated at 5 trillions and 331 million dinars at 43.4 dollars per barrel of oil, with a production capacity of 3 million and 888 thousand barrels, including about 73 trillion dinars of oil revenues. 
She pointed out that the total expenditure estimated at 108 trillion and 113 million and 913 thousand and 506 dinars, while the budget deficit amounted to about 22 trillion and 782 million and 913 thousand and 506 dinars, while the share of the Kurdistan region to 12.67% only after it was 17%. 
The draft said that the budget was based on the rate of export of oil of 3 million and 800 thousand barrels per day, including 250 thousand barrels of oil in the Kurdistan region, and 300 thousand barrels of Kirkuk oil, and on the basis of the price of a barrel is estimated at almost $ 43, Is the largest supplier of the budget.
He pointed out that the share of the Kurdistan region was developed according to the souls of each province of the region, and when any increase or decrease in the total expenditures of the federal budget will add or decrease the share of the provinces of the region proportionate with the increase or decrease.
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Erbil rejects its reduced share in Iraq’s 2018 as unconstitutional

By Rudaw 1 hour ago
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ERBIL, Kurdistan Region—The cabinet of ministers of the Kurdish government in Erbil has dismissed the drafting of Iraq’s 2018 budget without Kurdish participation as a violation of the constitution and the country’s financial laws, urging Baghdad to give the region its fair share of the national budget.
 
In a four-point statement on Thursday Erbil denounced the reduction of KRG’s share of the federal budget from 17 percent to 12.6 percent as “violating of section 3 of Article 121 of the constitution,”
 
KRG officials had long complained that Baghdad never sent Erbil its full 17 percent in the past, but this is the first time to official reduce the share by law since the constitution was passed in 2005.
 
In recent days the central government has also hinted that it will start dealing with the Kurdistan Region as separate provinces and give them their share of the national budget individually, something denounced by Erbil as an attempt to dismantle the constitutionally recognized KRG as an autonomous region.
 
“The draft of the budget has been prepared irrespective of the federal law and the Kurdistan Region has been deliberately ignored,” read the KRG statement. “It also mentions the Kurdistan Region as northern provinces in clear violation of Article 121 that recognizes the Kurdistan Regional Government and its authorities.”
 
Erbil says that Baghdad “must give Kurdistan Region its fair share of the budget, especially given that there isn’t an accurate census in Iraq but 17 percent of Iraq’s population has been agreed on in the constitution,”
 
“Dealing directly with the provinces and bypassing the KRG will not do the people of the Kurdistan Region any good,” the statement reads.
 
The KRG also warns that its authority as enshrined in the Iraqi constitution must and cannot be reduced “and the constitution even bars any amendment that may lead to a reduction to the authorities of the Kurdistan region,”
 
At the end of the statement the KRG urges the Iraqi government to halt the current draft of the constitution and come to the negotiating table for a better draft that would take into account the best interests of the Kurdistan Region “because reducing its share of the budget is the collective punishment of its people,”
 
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In recent days the central government has also hinted that it will start dealing with the Kurdistan Region as separate provinces and give them their share of the national budget individually,

 

“Dealing directly with the provinces and bypassing the KRG will not do the people of the Kurdistan Region any good,” the statement reads.”

 

poor Barzani won’t get to pocket the peasants money.  Tear.  😂😂  

 

GM Vets!! Let the corrupt squeal!!!

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Iraq still under the category of bankrupt countries?

economy

 From 2017-11-05 at 12:33 (Baghdad time)

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Special - Mawazine News

The official in charge of economic affairs, Dhargham Muhammad Ali, on Sunday, the budget of 2018 similar to the past years in terms of revenues, which are based mainly on oil revenues and deductions without any impact of development, noting that the size of debt is currently higher than the size of official state revenue which is within Iraq within Item "Bankrupt States".

 Ali said in an interview with "Mawazin News" that "the budget next year did not differ from its predecessors and relied almost entirely on Iraqi oil revenues estimated at a price is considered relatively balanced but will be subject to changes in the global oil market," pointing out that " Staff and rely on internal and external borrowing to fill the deficit. "

He added that "the budget reveals beyond doubt the inability of any realistic treatments to find development, even if it is a formality to open future prospects to reduce dependence on oil revenues and stop domestic and external borrowing, which has no horizon to stop it and the payment of accumulated it puts the Iraqi economy in the near future on the verge of bankruptcy.

He pointed out that "the lack of solutions may be due to two reasons: the first corruption and weak planning and the second dependency inherited oil revenues, which is accountable for the need to address the real development through joint solutions with the private sector, in addition to fighting corruption and reduce the privileges of the political class and its expenses, To develop a visionary policy to pay back Iraq's loans, which weighed heavily and brought it back to square one before the Paris Club. "

Ali said that "the size of debt is currently higher than the size of the State's official revenue, which is entering Iraq under the item bankrupt states."

The budget of 2018 included deductions from salaries of employees, which rose to 4.8%, while the rate of deduction in the budget of 2017 was 3.8% as a budget austerity.

 

http://www.mawazin.net/العراق-لايزال-ضمن-بند-الدول-المفلسة/اقتصادية

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Economy News _ Baghdad

A member of the Finance Committee, MP Mahasen Hamdoun, on Monday, the continuation of the Council of Ministers to discuss the draft budget bill 2018 before being sent to parliament, noting that the specific rate of Kurdistan 12.67% accounted for three provinces instead of four.

Hamadoun said in a press statement obtained by "Economy News" a copy of it, "The Finance Committee is waiting for the arrival of the budget next year from the Council of Ministers to see the doors and discuss in detail."

"The region's share of the budget of 2018 identified the proportion of the region by 12.67%," noting that "the share of the region was previously accounted for four provinces, but at the present time has been calculated on the basis of three provinces."

She stressed that "the budget will be divided according to population density"

 

Views 320   Date Added 06/11/2017

 
 
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  • yota691 changed the title to Parliamentary Finance: Iraq is bound to pay debts until 2053

Parliamentary Finance: Iraq is bound to pay debts until 2053

 

 From 2017-11-07 at 20:14 (Baghdad time)

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Follow up of Mawazine News

The decision of the Finance Committee in the House of Representatives, MP Ahmed Rashid, Iraq's commitment to repay international debt of $ 68 billion until 2053, adding that this imposes an additional burden on the financial situation of the country.


Rashid pointed out that "the draft draft budget for 2018, which is currently discussed in the Council of Ministers, is the worst budget for the Iraqi state for 14 years," adding that "the reason for this is due to its dependence on oil, and neglect other economic sectors alternative."

According to the draft, the budget is expected to reach 108 trillion and 113 million Iraqi dinars (about 91 billion dollars), while the total revenue is 85 trillion dinars (about 72 billion dollars), and deficit 22 trillion dinars (about 19 billion dollars).

The draft was based on the export rate of oil of 3 million and 800 barrels per day, including 250 thousand barrels from the Kurdistan region, and 300,000 barrels from the province of Kirkuk, the north of the country.

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3 minutes ago, yota691 said:

Parliamentary Finance: Iraq is bound to pay debts until 2053

 

 From 2017-11-07 at 20:14 (Baghdad time)

19_1.jpg

Follow up of Mawazine News

The decision of the Finance Committee in the House of Representatives, MP Ahmed Rashid, Iraq's commitment to repay international debt of $ 68 billion until 2053, adding that this imposes an additional burden on the financial situation of the country.


Rashid pointed out that "the draft draft budget for 2018, which is currently discussed in the Council of Ministers, is the worst budget for the Iraqi state for 14 years," adding that "the reason for this is due to its dependence on oil, and neglect other economic sectors alternative."

According to the draft, the budget is expected to reach 108 trillion and 113 million Iraqi dinars (about 91 billion dollars), while the total revenue is 85 trillion dinars (about 72 billion dollars), and deficit 22 trillion dinars (about 19 billion dollars).

The draft was based on the export rate of oil of 3 million and 800 barrels per day, including 250 thousand barrels from the Kurdistan region, and 300,000 barrels from the province of Kirkuk, the north of the country.

  

 

If they would RV their amday currency, they could pay off their debts in 6 weeks.

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Iraq, November 8, 2017 

Prime Minister Nechirvan Barzani chaired a Council of Ministers meeting to discuss the federal Budget Bill of 2018, which was prepared by the federal Ministry of Finance without the participation of the Kurdistan Regional Government.

In the meeting, which was also attended by Deputy Prime Minister Qubad Talabani, KRG Council of Ministers called upon Iraqi Prime Minister Haider Al-Abadi to take the KRG’s notes and observations on the federal draft Budget Bill of 2018 into consideration, those detailed in the Council’s previous statement.

It called upon the Iraqi Prime Minister to remove the unfair articles and paragraphs in the draft Budget Bill, namely those articles that reduce the federal budget share of the Kurdistan Region from 17 percent to 12.6 percent, and change the name of the Kurdistan Region into Norther Iraqi provinces.

“The proposed reduced figure at the draft Budget Bill will not be enough to pay the payroll of even one Kurdistan Region province”, the Council stated.

The KRG Council of Ministers stressed that the draft Budget Bill carries many unconstitutional articles and paragraphs that aim at ignoring the Kurdistan Region as “one entity” when referring to the Kurdistan Region as the Northern Governorates. The Iraqi Constitution Article 117 clearly recognizes the Kurdistan Region, and Article 121 prohibits limiting or reducing the constitutional rights of the Kurdistan Region.

The KRG Council of Ministers also emphasized that dialogue within the framework of the Iraqi Constitution is the only path to resolve outstanding disputes between Erbil and Baghdad, and reiterated the readiness of the KRG to negotiate with the federal government. The Council stressed that resorting to violence and military solutions cannot solve any issue.

businessnews

 

http://iraqdailyjournal.com/story-z16179903

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Federal Government: These are reasons to reduce the share of Kurdistan in the budget of 2018

The political scene  Thursday, November 09, 2017 at 16:08 pm (186 views)20171109_040812-222.jpg
Federal Government: These are reasons to reduce the share of Kurdistan in the budget of 2018
 

Baghdad / Sky Press

The Minister of Labor and Social Affairs in the federal government, Mohammed Shi'a Sudanese, on Thursday, the reason for the government to reduce the share of the Kurdistan region from 17% to 12.6% of the general budget of the country, attributing to the existence of manipulation by the local authority in the region in the number of employees and security elements , According to him.

"The results of the referendum in the Kurdistan region have become" nullified, "he said, noting that" the required local authority in the region is to declare its commitment to the decision of the Federal Court, and the government decided to reduce the share of the Kurdistan region of 17 To 12.6% of the general budget of the country, because of manipulation by the local authority in the region in the numbers of employees and security elements.

On the reality of industry in Iraq, al-Sudani confirmed the existence of an internal and external conspiracy to destroy the industry in Iraq, while announced that the dialogues are underway in full swing with the Russian side to build ammunition production plants.

He pointed out that the financial crisis in his country is a stumbling block to the conclusion of deals. He also pointed out that the Sudanese institutions and factories in the restored areas were destroyed and destroyed by a 100% advocate, stressing the government's intention to put them to invest.

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Iraq, November 9, 2017 

Iraq said Wednesday that the reduction of the share of Kurdistan Region in Iraq’s proposed 2018 budget is still a matter of speculation.

Mazhar Mohamed Saleh, an Iraqi cabinet adviser, said in press statements that media reports about the reduction of Kurdistan Region’s share in the 2018 budget bill from 17% to 12% was still a talk about “drafts that have not been adopted by the government yet”, adding that talks in that respect remain “mere speculations”.

Saleh conditioned that the region hands over its revenues to the state treasury in return for ensuring its share in the budget. “The Iraqi government will handle the region’s share as any other province,” he stated.

“The government sets the budget based on the size of provinces’ populations, and applying that criterion, its (Kurdistan’s) share could drop to nearly 13% of the total budget,” Saleh added.

In a press conference on Monday, Kurdistan Region’s Prime Minister, Nechirvan Barzani, said his government was ready to give up control over oil revenues from the region to Baghdad should the latter allocate 17% of the budget to the region.

A political crisis, a later a military standoff, erupted after Erbil ran a popular referendum in September where it said 92 voted for independence from Iraq. The government in Baghdad has rejected the vote as unconstitutional, and replied with retaking territories where sovereignty is disputed with Erbil, including oil facilities.

Abadi has regularly accused Kurdish officials of seizing oil revenues illicitly, and both governments have for long disputed over a fair mechanism of sharing the profit.

IraqiNews

 

http://iraqdailyjournal.com/story-z16183949

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  • yota691 changed the title to Valid: Approval of the budget of the Territory after receipt of revenue

Valid: Approval of the budget of the Territory after receipt of revenue

Valid: Approval of the budget of the Territory after receipt of revenue
Last updated: 8 November 2017 - 1:31 PM

 BAGHDAD / The Prime Minister's adviser for economic affairs, the appearance of Mohammed Saleh, on Wednesday, the Kurdistan region to obtain a share of the draft federal budget for the country for the year 2018, handing over revenues. Saleh said in an interview today: "What is done The circulation in the media on reducing the share of the Kurdistan region from 17% to 12% just drafts have not yet adopted by the government. "He added that" the draft budget law is still in the corridors of the Council of Ministers, has not been selected draft approved by the government after, and talk about this matter Just speculation. "On the terms of disbursement of the budget of the region, Saleh explained that" the principle is consistent And the delivery of revenues of Kurdistan to the treasury of the state, in return for the share of the region of the federal budget. "The deputy close to the Prime Minister Ali al-Alak, last Friday, the share of the budget of the Kurdistan region, within the draft federal budget for the country for the year 2018. Al-Alak said in an interview that "the share of the region was 17%, which is a hypothetical and not realistic, in light of which there is a process of offsetting the surplus of this share and return to the treasury of the state, but this step was not committed to the region." He added that " "The government will deal with the budget of Kurdistan, like the real quota set for the rest of the provinces of Iraq." He explained, "There is a population approximate statistics exist with the government, so will be treated as a new proportion within the framework of the real population and not the default, such as Basra, Nasiriyah and Maysan, and may be less than 13 % "The House of Representatives voted on the budget law for the year 2017, to keep The proportion of Kurdistan in the budget as it is, the 17%, and while facing a strong opposition from some parties in Baghdad, the Kurdish parties insist that the ratio is a constitutional right of the Territory, and can not be manipulated

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  • yota691 changed the title to Parliamentary Finance: 20 trillion dinars volume of internal and external loans in the budget of 2018
 
1268.jpg
Massoud Haidar
  

Economy News Baghdad:

A member of the Finance Committee parliamentary, Massoud Haider, said Sunday that the total internal and external loans in the budget of 2018, 20 trillion dinars, indicating that the budget deficit in 2018 amounted to 22 trillion dinars.

"The volume of the budget 2018 amounted to 108 trillion dinars, while revenues of the budget of oil and non-oil 85 trillion dinars," He said, "The total internal and external loans in the budget of 2018, 20 trillion dinars."

He added that "the budget deficit in 2018 amounted to 22 trillion dinars part of which will be covered through government bonds and revolving from the budget of 2017," adding that "will be allocated $ 1.3 billion for the purposes of armament as well as part of the loans for ages, electricity and health."

He noted that "the World Bank granted Iraq a loan of one billion dollars."

 

 

Views 25   Date Added 12/11/2017

 
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The Iraqi government 's issued an explanation of the budget leaks

The Iraqi government issued an explanation of the budget leaks

 

Twilight News    

 

 one hour ago

 

The spokesman for the Iraqi Prime Minister Saad al-Hadithi's press office said on Sunday that the draft of the 2018 budget is in its final stages, indicating that it does not contain a reference to the provinces of northern Iraq. 

Al-Hadithi said in a press statement that "Article 143 of the Iraqi Constitution confirms that the provinces of Erbil, Sulaymaniyah and Dohuk is an independent province and the Constitution also defined the limits of its administration." 

He stressed that "the Iraqi constitution is the main reference to all components of Iraq without discrimination, and the Iraqi government is committed to the Constitution and implement its paragraphs and materials." 

He pointed out that "the steps taken on the region is the implementation of the Constitution on the unity of Iraqi territory."

The draft draft of Iraq's financial budget for the next year 2018 sharply reduced the share of the Kurdistan Region, free of any item includes the reconstruction of liberated cities destroyed by the war on the organization, "Daash," while containing other items may raise controversy in Parliament and obstruct the government's efforts to pass. 

According to the draft, which leaked by members of the Iraqi parliament, the total budget of 108 trillion and 113 million dinars (about 91 billion dollars). 

The total revenue is 85 trillion dinars (72 billion dollars), and the deficit 22 trillion dinars (about 19 billion dollars), while the share of the Kurdistan Region fell to only 12.67% of the budget, after it was 17%.

 

Keywords: 

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  • yota691 changed the title to Deputy: the share of the province delayed the submission of budget to parliament and may receive international intervention
 
Wednesday, November 15,

 

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Al-Sumerian News / Baghdad 
The member of the parliamentary legal committee Salim Shawqi, on Wednesday, that the salaries and ration card "red lines" can not be manipulated in any way, indicating that the delay of the budget may have occurred as a result of the dispute over the share of the region, and there may be international intervention. 

Shawki said in an interview for Alsumaria News, "The salaries of employees and retirees and ration card are red lines can not be manipulated in any way," noting that "any proposals could be raised from the government within the budget to reduce salaries will not be approved by the House of Representatives."

 

 

 

 


"There is a previous experience in the public budget for 2017, where the government established a tax rate of 5.8, but the parliament reduced to 3.8," he said, pointing out that "what leaked from the budget for the next year is a cut by 5.8, The budget of this number of the powers of parliament reduction and transfer and we will work to reduce them categorically. " 

Shawki said, "There are many leaks obtained and get from the Council of Ministers for certain things, but may be in some of them inaccurate and believe that talking about reducing salaries to employees by 20% are leaks inaccurate and did not arrive correctly," noting that " As a result of the dispute about the share of the region and there may be an international intervention, because if it reached the House of Representatives will not be able to change the parliament and even if we amend the government will appeal the amendment to the Federal Court, which we do not want to go into it.

The member of the Finance Committee MP Masoud Haidar announced on Tuesday that the Council of Ministers will reduce the salaries of state employees by 20% in the budget next year, which responded to Prime Minister Haider Abadi, describing it as "an open lie." 

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