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


DinarThug
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CNN. Broadcasting While Adding 100 More Pallets Of Purina Camel Chow To The Budget !

 

 

(by don961)

Monday 28 August 2017 01:22 PM
| Number of readings: 195
Economic Budget: 2018 budget under study and will be sent to the Council of Ministers
 
Baghdad / ... A member of the Economic Committee of Deputies, Najiba Najib, on Monday, that the federal budget for 2018 under study and discussion by the ministries concerned at the moment, for the purpose of completion and send to the Council of Ministers.

Najib told "Iraq News" that "the federal budget for 2018 is now under study by the Ministry of Finance and Planning and Oil and the rest of the ministries concerned," noting that "after completion of study and discussion sent to the Council of Ministers for the purpose of ratification."

She added that "from the positives of the government and according to previous years, they send the budget to Parliament at the end of the tenth month and then ratified by Parliament before the end of the fiscal year," adding that "at the moment will not show any positive or negative cases on the budget because it is under study."

http://aynaliraqnews.com/index.....#038;lang=

 

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Thanks again Thugs-, for keeping us up to date with your posts that all contain pieces and ingredients of the RV recipe....the broad spectrum of news from Iraq that covers politics, economic progress and the ever-tightening leash around corruption on one end, and the war on ISIS and dasholes on the other end, is continuing to shrink to a point that reveals a glorious time for Iraq and the Iraqi Dinar...

Go RV!!! 

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The government is finalizing the 2018 budget. Parliament is expected to arrive next month

economy

 Since 2017-09-07 at 16:58 (Baghdad time)

fregerg.jpg

Special - Mawazine News

The deputy of the Committee on Economy and Investment parliamentary Najiba Najib, on Thursday, the government to finalize the draft budget in 2018, while expected the arrival of the bill to parliament next month.

The parliament approved last year most of the articles of the financial budget for 2017, which included the deduction of salaries of employees and the imposition of taxes on the travel sector and refused to grant employees leave for five years.

"Najib told Mawazin News that the central government is in the process of finalizing the draft bill of the budget of 2018, before sending it to the House of Representatives to vote it," expected at the same time, "the arrival of the draft budget next month to parliament."

"There are expectations in parliament that the government will work to reduce the financial budget for matters related to (military operations), considering that Iraq is close to ending all operations against elements of the organization calling for the terrorist."

On the provision of employment grades in the budget of 2018, Najib pointed out that "there is a government trend supported by international banks to provide job opportunities for graduates and unemployed through the involvement of the private sector and away from government appointments."

He warned the member of the Finance Committee of Parliament Haitham Jubouri, earlier, the arrival of Iraq's foreign and internal rate of "very dangerous" by 122 billion dollars, pointing out that tourism, agriculture and customs and became a place for "corruption", while considered that the government program of Prime Minister Haidar Abadi guarantees all the solutions, but they are just "ink on paper".

"The Kurdistan region is sticking to the budget of 17% of the general budget of Iraq, considering that Kurdistan is part of Iraq," at the same time, demanding that "this year's budget for the region is not a waste on paper as in previous years."

This is seeking the Kurdistan region to hold a referendum on secession from Iraq on the twenty-fifth of September next, in an unprecedented step in the political center of Iraq.


http://www.mawazin.net/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%B6%D8%B9-%D8%A7%D9%84%D9%84%D9%85%D8%B3%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%AE%D9%8A%D8%B1%D8%A9-%D8%B9%D9%84%D9%89-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2018-%D9%88%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-

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1 hour ago, salt-life said:

The Kurdistan region is sticking to the budget of 17% of the general budget of Iraq, considering that Kurdistan is part of Iraq," at the same time, demanding that "this year's budget for the region is not a waste on paper as in previous years."

 Please tell me, this is part of the HCL being agreed on somehow and that they don't want to waste anymore time?!! :blink:

 

Or is it me and my whiskey seeing this and wishing it so alone?!:praying::cheesehead:

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The government is about to approve the 2018 budget next month

According to constitutional time, the federal budget for 2018 should be presented next month to the Council of Ministers for approval and then submitted to the House of Representatives for discussion and vote on it, as confirms financial adviser to Prime Minister Haider Abadi.

 It seems that the government is striving to balance the next year to maximize the resources of the non-oil state, and focus on the development of programs to lend young people soft loans to encourage employment in the private sector, the parliamentary finance expects the government's quest to provide job opportunities for graduates and unemployed through the involvement of the private sector And away from government appointments, which will be supported by international banks, in addition to seeking to reduce the financial budget for military operations, as Iraq is close to end all operations against elements of the organization calling for the terrorist.

The financial adviser says the appearance of Mohammed Saleh in an interview for "(range), that the budget in 2018 is in the semi-final preparation, which will be presented to the Council of Ministers next month according to constitutional times, pointing at the same time that this budget tends to maximize non-oil resources Whenever possible, and the State's orientation is to encourage employment through the private sector and to develop programs for lending young people with soft loans to enable them to engage in the labor market.

As for the speculative price to be determined by the 2018 budget for the sale of oil, or the size of the deficit, Saleh said that the talk on this matter can not be at the present time where it is early, but the problem should be addressed in order to ensure the continuation of economic activity and reallocation of resources In the budget, and this is what we work for, on the other hand, we are consulting with the International Monetary Fund on the subject of the so-called financial consolidation, reducing spending and maximize resources and sustainability of debt sustainability within the economic limits of the Secretary and maximize revenues, so we agree and agreements are respected in the interest of the Republic of Iraq, Reinforcement To the extent that the current account deficit reduces the balance of payments and reduces the federal budget deficit within the SBA.

The head of the mission of the Fund has indicated in an interview with (the extent) that Iraq can bear its indebtedness if the Iraqi authorities made the financial adjustment agreed with the Fund under the credit agreement and the future of the program of credit readiness with the Fund if oil prices have been significantly improved On the deficit, he pointed out that, in light of the current expectations of oil prices, we believe that the approach should be applied to the financial correction between the ambition and the applicability, in order to fill the deficit by the end of this decade (2020), and if oil prices so high that the need for international financial support from International Monetary Fund Other Donors, leaving the decision of the Iraqi government regarding the continued implementation of the standby credit agreement with the Fund.

MP for the Committee on Economy and Investment parliamentary Najib Najib, confirms the government to finalize the draft budget in 2018, where it expects the arrival of the bill to parliament next month and adds: In a press statement on Friday, we believe in parliament that the government will work to reduce the financial budget, "On the other hand, the issue of providing job grades in the budget of 2018, we see that there is a government trend supported by international banks to provide jobs for graduates and unemployed people. About Uncle Through their involvement in the private sector and to move away from government appointments. "

Last year, parliament approved most of the articles of the fiscal year 2017, which included the deduction of salaries of employees and the imposition of taxes on the travel sector and refused to grant employees leave for five years. Especially since the fall of crude oil in world markets since mid-2014, coincided with the invasion of the "state" (called) for one-third of the territory of Iraq, which brought the country into a cycle of war going on so far; and weighed on the public budget and the government to withdraw from the cash reserve, And external.

In the government's attempt to reorganize the budget, by adjusting its budget for a supplementary budget to cover rising expenditures, the urgent need to rebuild major service projects in Mosul and surrounding areas, as well as relief for up to one million displaced people, was approved in June.

http://www.almadapaper.net/ar/.....9%87%D8%B1

 

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887.png
Appearance of Mohammed Saleh
 
 

Economy News Baghdad: 

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, said Saturday that the budget for 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month according to constitutional times.

Saleh said in an interview published in the newspaper "range" and read by "Economy News", "The budget of 2018 is in the process of semi-final preparation, and will be presented to the Council of Ministers next month according to constitutional times," pointing at the same time that " Maximizing non-oil resources wherever possible. The state's approach is to encourage employment opportunities through the private sector and to develop programs to lend young people with soft loans to enable them to engage in the labor market. "

"The deficit problem must be addressed to ensure that economic activity continues and that resources are reallocated optimally in the budget, and that is what we are working on," he said. 

"We are consulting with the International Monetary Fund (IMF) on a subject called financial consolidation, reducing spending, maximizing resources, sustainable debt sustainability within the economic frontier and maximizing revenues," he said.

 

Views 21   Date Added 09/09/2017

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  • yota691 changed the title to Saleh: The budget for 2018 will be presented to the Council of Ministers next month
09-09-2017 01:00 PM
image.php?token=116a1ec74a2e3f752aa601792e5d9e5f&size=
 


 

 

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, said Saturday that the budget for 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month according to constitutional times. 

Saleh said that 'the budget of 2018 is in the process of semi-final preparation, and will be presented to the Council of Ministers next month according to constitutional time,' pointing at the same time that 'this budget tends to maximize non-oil resources whenever possible, Is to encourage employment through the private sector and to develop lending programs for young people with soft loans to enable them to engage in the labor market. ' 

"The deficit problem should be addressed to ensure that economic activity continues and that resources are reallocated optimally in the budget, and that is what we are working on," he said.

"We are consulting with the International Monetary Fund (IMF) on a subject called financial consolidation, which is to reduce spending, maximize resources, sustain debt sustainability within economic limits and maximize revenue."

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1 hour ago, ChuckFinley said:

I know what you mean. It used to be everyone was pumping the budget.  

Yep.  I remember several years ago, we were on chat and someone was watching the budget hearings live and telling us what was happening.  There was clapping and cheering, and we knew the RV was a done deal.

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  • yota691 changed the title to IMF: 2018 Iraqi draft budget won't 'cover the needs' of Kurdistan

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