Off-balance sheet

[Butifldrm]

For reasons related to funds allocated to the Prime Minister ... Abbadi offers a challenge to the budget law before publication in the Official Gazette

05-04-2018 03:38 PM    

Readers

 

Baghdad News -

 

 

The official legal expert in the Office of the Presidency of the Republic Gamal al-Asadi, on Thursday, the Prime Minister Haider Abadi to challenge the law of the general budget before publication in the official newspaper, while expected to decide the appeal filed by President Fuad Masum after the upcoming parliamentary elections. 

Al-Asadi said in a statement to the newspaper "life", that "infallible objected to the budget law and returned to parliament, but the latter dealt with the file in the form of media and non-substantive and unconstitutional, and returned the law to the presidency without looking at errors recorded by it, , Indicating that "infallible preferred the public interest of the country, and sent the budget law for publication in the Official Gazette, published by the same errors observed.

He added that "the Presidency of the Republic confirmed to retain the constitutional right to file a complaint to the Federal Court to decide on the constitutional errors recorded, which includes 14 items," pointing out that "the Court will call the parties and examine those articles and decide the constitution or not." 

He revealed that "Prime Minister Haider al-Abbadi also filed an appeal against the budget law before publication in the same newspaper, for reasons related to funds allocated to the Prime Minister, but he withdrew the appeal because it must be after publication." 

Al-Asadi expected that "Abadi return the appeal after the publication of the budget," noting that "the appeal process may take two months and three months, which means deportation of the decision to the post-elections, in the next parliament."

 

http://www.baghdadnews.info/index.php?page=article&id=35509

[10 YEARS LATER]

3 hours ago, Butifldrm said:

Disclaimer ... Disclaimer ... Federal Budget Law was published in 2018 with instructions to implement the budget

Thursday, April 5, 2018

 

Disclaimer ... Disclaimer ... Federal Budget Law was published in 2018 with instructions to implement the budget

 

http://www.mof.gov.iq/pages/MOFNewsHeadlineDetail.aspx?NewsHeadlineID=394#

 

I reckon “ when “ is the question.

[yota691]

{Euphrates News} publishes instructions to implement the budget 2018

Editorial Date: 2018/4/6 13:49 • 2354 times read

 

 

 

 

 

[Jaygo]

13 minutes ago, yota691 said:

{Euphrates News} publishes instructions to implement the budget 2018

Editorial Date: 2018/4/6 13:49 • 2354 times read

 

 

 

 

 

 

?

[navira45]

Yup...here arethe instructions for the budget..now implement them. It doesn't tell you how much. The world will see it...suddenly a new rate.

[navira45]

Notice there are no more protests lately

...bump this

[Gypsygirl11]

23 minutes ago, navira45 said:

Yup...here arethe instructions for the budget..now implement them. It doesn't tell you how much. The world will see it...suddenly a new rate.

I hope your right about new rate. We will know soon enough but I wouldn't hold your breathe.

[ChuckFinley]

1 hour ago, Gypsygirl11 said:

I hope your right about new rate. We will know soon enough but I wouldn't hold your breathe.

In need a real good rate.  

[yota691]

«Economy News» publishes the budget bill 2018 and includes a reduction of salaries of parliament by 50%

 

 

Iraqi currency

Economy News Baghdad: The agency publishes "Economy News", the law of the budget of 2018 published in the Official Gazette issued by the Iraqi state, specifically the Ministry of Justice. The budget included reducing the salaries of the Presidency of the House of Representatives by 50% of the salary allowance and reduce the salaries of members of the House of Representatives by 45% of the salary allowance and reduce the salaries of special grades by 40% of the salary allowance in line with the Council of Ministers Resolution No. 282 for the year 2015.

To download the budget click here

Views 433   Date Added 09/04/2018

[yota691]

Abadi reveals the allocation of 20% of the oil profits of the producing provinces

April 9, 2018

0 views

 

 

  

Knozemedia - Economy 

 

A member of the Committee on oil and energy parliamentary, MP Zaher Abadi, on Monday, the allocation of 20% of the profits of oil and surplus on the budget for oil-producing provinces, stressing that the amounts will be used in service projects, health and career degrees and the installation of contracts.

Abadi said that "the budget was based on the price of a barrel of oil $ 46, while the price of a barrel today amounted to more than $ 65 with the end of the first quarter of the year," noting that "the budget suffers a deficit of 10 trillion dinars, Through oil revenues above the amount planned for the budget, that is the amount of a barrel in the budget $ 46 and more than that amount is considered profits and used to fill the budget deficit.

He explained that "the strategic projects can not be implemented according to the current rise in oil prices based on profits, because prices may fall to less than $ 46 per barrel," stressing that "the central government will use the increase obtained from oil revenues after a year, The budget according to the distribution of amounts and oil profits surplus budget to the oil-producing provinces. "

Abadi pointed out that "the provinces have developed service projects and healthy strategic and may develop degrees of employment and are being installed for contracts in accordance with the amounts obtained from high oil prices." ss

[yota691]

09-04-2018 10:48 AM

Allocating 20% of the oil profits to the producing governorates

 

 

 

A member of the Committee on oil and energy parliamentary, MP Zaher Abadi, on Monday, the allocation of 20% of the profits of oil and surplus on the budget for the oil-producing provinces, stressing that the amounts will be used in service projects, health and career degrees and the installation of contracts. 

Abadi said, 'the budget was based on the price of a barrel of oil $ 46, while the price of a barrel today amounted to more than $ 65 with the end of the first quarter of the year', noting that 'the budget suffers a deficit of 10 trillion dinars, During the oil revenues above the amount planned for the budget, that is the amount of a barrel in the budget $ 46 and more than that amount is considered profits and is used to fill the budget deficit '.

He explained that 'strategic projects can not be implemented in accordance with the current rise in oil prices based on profits, because prices may fall to less than $ 46 per barrel', stressing that 'the central government will use the increase obtained from oil revenues after one year, The budget according to the distribution of amounts and profits of oil surplus from the budget on oil-producing provinces'. 

Abadi pointed out that 'the provinces have developed service projects and health strategy has been developed degrees of functionality and is being installed for contracts in accordance with the amounts obtained from the high oil prices'

[nannab]

Sounds good to me but what do I know? 

Many thanks to Yota and Butifldrm and others for their tireless effort on our

behalf!!    Good morning  DV 

[blueskyline]

Thank You Yota. GM DV's . Oh Wow ...

 

[Wiljor]

Good morning Yota, and thanks. 

 

Great news here DV, we are inching ever closer to the elusive HCL 

[yota691]

10-04-2018 01:17 PM

We publish to you ... Budget Law 2018 includes reducing the salaries of Parliament by 50%

 

 

 

The official fact sheet published the Budget Law 2018 issued by the Iraqi state, specifically the Ministry of Justice. 

The budget included reducing the salaries of the Presidency of the House of Representatives by 50% of the salary allowance and reduce the salaries of members of the House of Representatives by 45% of the salary allowance and reduce the salaries of special grades by 40% of the salary allowance in line with the Council of Ministers Resolution No. 282 for the year 2015.

To view the budget, please click on the following link:  

http://a.up-00.com/2018/04/152326895972161.pdf

[Goggles]

They had to vote themselves their own pay cut of 45%!!!       Priceless!!! 

[idplzr]

A willingness to reduce salary by almost 50%. They are politicians... from a political position on the surface it appears to be richeous. However if a revalue is to follow the greedy  may actually be getting a huge raise. Just a thought. 

[yota691]

Economist reveals to / Mawazin News / the importance of rising oil price to fill the budget deficit

 

 From 2018-04-12 at 19:25 (Baghdad time)

Special - Mawazine News

The economic expert, Salam Samisem, on Thursday, that the high price of oil has a positive impact in creating a difference in the currency helps to strengthen the financial resources of the state, calling on the government to take advantage of the difference in bridging the budget deficit and reduce taxes on citizens.

"The rise in oil prices globally has a difference in the currency and this difference has a positive role, because the government recorded $ 45 in the budget of 2018 and therefore the difference will enable the government to benefit from it to fill the budget deficit," said Smaisem, for / Mawazin News, Differences in the promotion and utilization of the State's financial resources ".

"The government predicted that the budget deficit will be $ 10 million, and therefore relied on a package of taxes to be imposed on citizens," she said, stressing "the importance of taking advantage of these price additions to oil and reduce the tax pressure on the citizen."

"Taxes on which the government depends will be divided directly and indirectly. The direct income will be between 2 and 7 percent, including all employees and employees," she said. "Indirect taxes will be imposed on sales such as cigarettes, drinks,

"All these taxes will lead to higher prices and the citizen will be burdened financially," she said. "Therefore, we hope that this increase in the price of oil will reduce the tax pressure on the citizen and the amount of taxes that will lead to higher prices."

International oil prices rose on Wednesday, boosting the gains made in the previous session as markets watched the escalation of tension in the Middle East after warned the European Organization for Air Safety (Eurocontrol) of possible air strikes in Syria.

Brent crude rose $ 71.09 a barrel, up 7 percent from its last close.

Brent climbed more than 3 percent on Tuesday to its highest level since late 2014, when it hit $ 71.34.

US benchmark WTI hit $ 65.63 a barrel, up 12 percent, ending June 29

[yota691]

The Governor of the Central Bank of Iraq, Ali Al-Alaq and the Iraqi ambassador to Jordan, Safiya Al-Sihail - @INA

 

Iraq, IMF Meet Over Supporting The General Budget In Loans

On Apr 12, 2018  521

INA – Amman

International Meeting’s agenda launched between Iraq and International Monetary Fund in Amman, Jordan

“The third round of meetings focused on reviewing the recommendations of Fiduciary preparations and loans to support the 2018^th general budget of Iraq,” INA correspondent reported.

The Iraqi delegation was headed by the Governor of the Central Bank of Iraq, Ali Al-Alaq and the Iraqi ambassador to Jordan, Safiya Al-Sihail.

The attendees have discussed the economic growth in oil and electric power sectors as well as the 2018^th general financial policy of Iraq.

[ChuckFinley]

Hope the IMF can get these guys over the Hand Out Stage of life here. Need to start standing on their own. 

[yota691]

Deputy: delayed payment of the budget of 2018 protects them from exploitation for the purposes of election propaganda

19:33 - 15/04/2018

 

  

Information / Special ...

The Finance Committee of the Parliament, the inability of officials and parties to use the funds of the budget for the year 2018 for the purposes of election propaganda, attributed to the end of the complex exchange procedures by the Ministry of Finance with the end of the campaign period.

 "The government has so far not launched the financial allocations for the budget of 2018 for ministries and independent bodies and the ministries have reached the instructions for the budget only."

 He added that "the government procedures and administrative routine followed by the Ministry of Finance delaying the disbursements long," noting that "delayed payment makes the budget is safe from exploitation by officials and parties for the purposes of election propaganda as it will start with the end of the period of election propaganda."

 He said that "the budget of 2018 mostly operational and the salaries of state employees, which makes the exploitation of the very weak."

[yota691]

Deputy dismisses a session of the House of Representatives during the coming period

 

 From 2018-04-21 at 12:19 (Baghdad time)

Special - Mawazine News

MP in parliament Jameela al-Obeidi on Saturday demanded the government and the executive authorities to implement all the articles included in the budget of 2018, which belong to the general public, excluded that the House of Representatives holds this period.

Al-Obeidi said in an interview with "Mawazin News" that "these days witness a lot of election campaigns, which are occupied by the deputies candidates, and therefore do not think that the convening of a session of the House of Representatives," calling on the government and executive authorities to "implement all the articles included in the budget of 2018, The need of the people in the first place. "

She added that "there is no point in the session of deputies and the agenda that comes in the time wasted, which does not apply their laws and materials," noting that "among these materials that have not been implemented so far disbursement of the staff of Nineveh province and the owners of contracts and those who have not paid their salaries since Almost a year. "

This was scheduled to hold the House of Representatives, on Tuesday, April 17, 2018 its normal session, but the lack of quorum prevented the holding of the contract. Ended 29 / r

 

[yota691]

A new mechanism for re-segregated and outdated contracts

28/4/2018 12:00 am  BAGHDAD / Special conscious The  government adopted a new mechanism for the return of dismissed and broken contracts in the Ministries of Interior and Defense.  The spokesman for the Prime Minister's Office, Saad al-Hadithi, said in a statement to «informed» that the mechanism is based on the cases of people whose contracts have been terminated by the ministries concerned, separately. Al-Hadithi said: "The House of Representatives approved this in the budget, but did not take into account the existence of financial allocations to cover the salaries of those who were dismissed or renewed their contracts" pointing to "the absence of financial cover for that matter, except in the supplementary budget, or through the financial abundance achieved as a result of the increase Oil prices ».

[navira45]

This financial abundance thru increase in oil prices also contributes to an increase in value of the dinar

[Pitcher]

Do you get the feeling we are paying for our own RV with higher oil, gas prices.