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Economy News» Publishes The Budget Law 2018 !


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1 hour ago, navira45 said:

Tuesday will be a vote on important laws, like HCL n among others. Also, I anticipate the lower denoms to be distributed to all iraqi citizens (kurdish included) this upcoming week. RV happily thereafter. The rate will show up again in all exchanges...only this time will be the starting rate, March 29-April 3 2018. Exciting week ahead of us. Hope this is it folks!

navira45 I sure hope this is the last stop also , been in this since 2009 ! March 29th thru April 3rd works for me. Go rv :crossedfingers:

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10 hours ago, jcfrag said:

Tuesdays have been a banner day for the IQD at the exchanges this past month! And now Jabouri has bumped up the final Parliamentary session to this coming Tuesday.... coincidence? Man oh Man oh Man, I HOPE SO !!!!!

giphy.gif

:lol:  I was tired last night... I hope it is Much More then a coincidence!  :twothumbs:

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Iraqi facts reveal the date of publication of the financial budget law for 2018

 

BAGHDAD / The director of the Iraqi fact sheet, Shatha al-Tai, said on Sunday that the Federal Budget Law of the country will be published this week, pointing out that the delay of publication was caused by not sending a letter from the presidency.

"We have prepared the federal budget law for the year 2018 and waiting for notice from the Presidency of the Republic invites us to publish the draft law," Al-Taie told "Iraq News", likely to "reach notification this week."

"Article 73 of the Constitution, third article, pointed out that the injustice of the non-ratification of the President of the Republic, can be published after 15 days, but this matter is linked to the poetry of the Presidency of the Republic invites us to publish."

"We have published previous laws that were not ratified by the president of the republic, as in the unified card law, which was published 15 days later," she said.

It is noteworthy that the President of the Republic, Fuad Masoum, refused on (March 13), to approve the budget of 2018 and returned to the House of Representatives to review its content because of the existence of 31 violations of constitutional, financial and legal clauses, according to the presidential statement in this regard.

The House of Representatives voted, in its session held on Saturday (March 3, 2018) on the federal budget for the current fiscal year by boycotting the Kurdish deputies. "

http://aynaliraqnews.com/index.....id22=95120

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On 3/17/2018 at 6:19 PM, DinarThug said:

To our esteemed and distinguished Warka clients,

3/15/2018

Warka Bank for Investment and Finance is delighted to inform its fine clients that the distinguished Central Bank of Iraq has approved that our clients participate in the upcoming capital increase. Warka clients are now permitted to purchase Warka stock from the funds depoisted in their bank accounts participating in the capital increase in accordance with clause 56 no. 4 of the Iraqi Company Registration Law the adjusted law no. 21 for the year 1997 . There are no limitations to the amount of shares purchased where Warka clients are permitted to use their entire deposits to purchase Warka Stock participating in the Capital increase. 

 Warka clients are kindly requested to submit a signed authorization letter authorizing our bank to withdraw funds from their account to purchase the stock indicating your account number, signature, the funds in IQD to be withdrawn from your account as well as a clear colored copy of your id and passport.  

 The Warka stock will be purchased at a value of 1 IQD per Warka share and will be registered in the clients 's good name in the ISX depository system where the stock will re-trade regularly back in the Iraqi Stock Market once the general assembly hearing and capital increase procedures have been completed. 

 Warka clients wishing to participate in the capital increase are kindly requested to send their authorization letter with the full details indicated above to our brokerage office 3044@warka-bank-iq.com within two weeks from posting this notice.

 Wishing all our Warka clients prosperity and growth true success and much fortune

 

Respectfully,

 

Warka Bank for Investment and Finance

http://www.warka-bank.com/?0d6.....a2baf7b165

 

The Central Bank is restoring life to a new bank

Monday, 26 March 2018

Warka Bank for Investment and Finance was established in 1999, and when its objectives were formulated in order to contribute effectively in the field of economic development of the country in accordance with the provisions of the law of the Central Bank of Iraq and its instructions and the law of companies and other applicable laws, the bank had 116 branches in Baghdad and provinces as well as other specialized offices Including the brokerage offices for the sale and purchase of financial shares and the Foreign Exchange Office. All offices have specialized in providing banking services. The Bank has had great dealings with all government, mixed and private sectors and government departments. And the capital of 105 billion dinars in 2010. It is true that during the first years of its establishment, the bank was managed in an efficient manner by well-known banking and economic figures with a history associated with many successes in the field of jurisdiction.

While some believed that the Warka Bank would be a monopoly of the bank Government within Iraq To be at the level of regional banks and international and reliable in bringing about the desired development in the banking sector, the bank has witnessed a drop is said to be a dramatic drop and unexpected and contrary to all opinions and indicators of development and the rise in the high levels of performance, overnight overnight Warka Bank became insolvent and unable To meet customer withdrawals and does not receive their deposits or provide banking services and facilities to them under the pretext that he suffers from an administrative crisis to issue directives not to deal with government banks regarding the opening letters of guarantee and granting of banking facilities, and in previous years did not.

The depositors have received only false promises because their money has not been returned to them and all that has been distracted is distributing modest payments to the small depositors, and the public concerned is unaware of what is going on or the announcement of the date on which the money will be returned to depositors whose money has been reduced due to low purchasing power and high Inflation rates, Some may say that Warka is not the only bank that has failed clients. Other banks have done the same with the public and the central bank has not been silent about them. We say that Warka was the focus of wishful thinking in leading the national banking business and we did not expect it to reach.

So we dealt with this subject in the (information) previously and directed the Central Bank of Iraq to address the issue, through the return of depositors' funds by liquidating or selling assets, borrowing or merger or the division of criminals or in any way to restore rights without procrastination and prolongation of In the absence of compliance with this legal right, dozens of cases will be held on the management of the bank and the Central Bank, considering that the latter is the guarantor of the banking system in Iraq, especially that the Committee of Wills and experts local and international have They recommended

Through contacts and consultations between the Iraqi Central Bank and the Warka Bank and documented in the book of the Central Bank of Iraq 5358 on 8/3/2018, a range of solutions were reached that would restore life to the bank and guarantee the rights of depositors 

. Increase the capital of the bank by 150 billion dinars by depositing the amount of 45 billion dinars to provide liquidity for the purpose of payment of dues of small depositors and rehabilitation of the bank to exercise all its activities. 

. To allow the depositors of the bank to use their deposits in whole or in part in the subscription process to increase the capital of the bank. Thus, the depositor becomes a shareholder of the bank voluntarily with the guarantee of the payment of shareholders' rights and the enjoyment of all the legal benefits of the shareholders stipulated in the Companies Law No. 21 of 1997 or any related law .

. To allow the Chairman of the Board of the current bank to run for a new period, an exception to the instructions for the purpose of taking advantage of his experience in the management of the bank at the current stage in order to return funds depositors and restore confidence in the bank by the public as the bank after the election of the Board of Directors to exercise its banking activities on a regular basis. 

. The bank has been approved to liquidate the bank's branch in Beirut to enhance the liquidity of Warka and to ensure that everyone will be liquidated by the liquidator as a Neutral. 

. Set a fixed period not exceeding one month for the convening of the General Assembly, provided that the increase of the capital of the bank to 250 billion dinars of the main axes of this meeting.

While we welcome these steps to address the Warka deposit problems for more than 7 years, we find that the return of Warka banking is a positive advantage of national banking when real seriousness is available to be a better bank than before, and we find it important to be The depositors have a role to play in this return by transferring part of their deposits to shares because they are better than the previous situation. 

The value of the stock increases with the performance of the bank. The shareholder has the right to be part of the administration. 

He is a member of the General Assembly. He has the right to nominate the Board of Directors. The shares are six In the Iraqi market for securities and can be sold by the owner at the price offered at any time and this away from the specter of exploitation and extortion currently practiced by some of the weak souls, and if the comparison between the current situation and the situation after the conversion of shares, the new situation will put the citizen's money to the citizen instead of submission For mattresses and senior employees

https://kitabat.com/2018/03/26/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B9%D9%8A%D8%AF-%D8%A7%D9%84%D8%AD%D9%8A%D8%A7%D8%A9-%D9%84%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%87%D9%84%D9%8A-%D9%85/

 

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2 minutes ago, Joe Sutherland said:

 

This is very important!... I'm sure.

Of course if you don't feel good about the submission of your mattress... You could see if they have any extra senior employees... Good greif! What kinda bank is this!?... Don't answer that Thug.😂

 

I think Thug is gonna tell you something about needing a black light to determine what type of submission the bank is referring to.... 

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1 hour ago, Joe Sutherland said:

Of course if you don't feel good about the submission of your mattress... Good greif! What kinda bank is this!?... Don't answer that Thug.😂

 

Based On Their Past Performance - U’d Of Been Better Off Stuffing Ur Money Under A Mattress ...

 

:D  :D  :D 

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6 hours ago, DinarThug said:

Iraqi facts reveal the date of publication of the financial budget law for 2018

 

BAGHDAD / The director of the Iraqi fact sheet, Shatha al-Tai, said on Sunday that the Federal Budget Law of the country will be published this week, pointing out that the delay of publication was caused by not sending a letter from the presidency.

"We have prepared the federal budget law for the year 2018 and waiting for notice from the Presidency of the Republic invites us to publish the draft law," Al-Taie told "Iraq News", likely to "reach notification this week."

"Article 73 of the Constitution, third article, pointed out that the injustice of the non-ratification of the President of the Republic, can be published after 15 days, but this matter is linked to the poetry of the Presidency of the Republic invites us to publish."

"We have published previous laws that were not ratified by the president of the republic, as in the unified card law, which was published 15 days later," she said.

It is noteworthy that the President of the Republic, Fuad Masoum, refused on (March 13), to approve the budget of 2018 and returned to the House of Representatives to review its content because of the existence of 31 violations of constitutional, financial and legal clauses, according to the presidential statement in this regard.

The House of Representatives voted, in its session held on Saturday (March 3, 2018) on the federal budget for the current fiscal year by boycotting the Kurdish deputies. "

http://aynaliraqnews.com/index.....id22=95120

I'm pretty sure they can't go into elections season without a published 2018 budget.  These idiots need to get their shitte together. 

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So what if the HCL is passed and no RV occurs? Are we done? I've been in this for 14 years now and it seems this has been our long awaited event.  I know we need lower denoms and education for the masses.  Is this what are we looking for to indicate that this is indeed going to happen after the HCL passes? Or is it a " we don't know what we don't know" situation ike the last 14 years? I want it to happen like everyone else, but it is Iraq. 

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Government insurers seek credit rating

Baghdad / Mustafa Al Hashemi

The National Insurance Company has announced a relationship between insurance premiums in government companies and property Tax. 

"The citizen who has insurance premiums of 5 million dinars is exempted from a tax of 5 million dinars, and this is a good thing and positive," said General Manager Haifa Chamoun. 

"We have a partnership with government banks (Rafidain, Rashid and Iraqi for trade and industry) to secure all loans, especially development ones, in addition to our attempts to grant life insurance coverage to borrowers in accordance with the requirements and conditions provided by the three parties (Borrower - Bank - 

Insurance Company ). The presence of an actor confirmed Shimon that " the payment of compensation by the public and private insurers evidence that the insurance sector is present and active," noting that "there are efforts and attempts to expand insurance business through our representatives and our producers to state departments, as well as the establishment of seminars in universities to define an important segment Insurance sector ".

"There is a significant increase in the insurance portfolio against the dangers of fire," noting that "there is a trade with all the provinces are applying for this type of insurance, especially after they know the amounts of compensation paid by government companies," asserting that " About twice the amount of compensation paid to this document , and that the majority of traders are insured by insurance companies aware of the importance of it. 

Excellent experiences 
and followed that "insurance companies generally has excellent experiences of insurance cadres and the economic situation need to raise awareness about the importance of the subject of insurance and its role in the economic process, noting that there are efforts to spread the vigorous awareness of insurance."

"The need to communicate with investment bodies and committees through the Insurance Bureau and the Ministry of Finance, which will highlight the importance of insurance on investment projects, especially as we live in the reconstruction phase of 
liberated cities  ." 

Global classification 
Shimon revealed the "lack of insurance companies in Iraq to a global credit classification because the classification needs to certain requirements are available to government companies, but not properly studied," asserting "a real trend to get this classification through the Ministry of Planning," indicating that "access A degree of classification qualify us to define the world our potential to open the door to insurance on major investment projects inside and outside Iraq. " The Director General of the company to re-work in the branch of Nineveh, the company after the liberation of the province of "Daash"

http://www.alsabaah.iq/Article.....?ID=154599

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6 hours ago, Rmc10 said:

Davis you are gonna have to take a trip to Mexico and try out Botz's new wrestling ring after the RV. 😁💪

 

President Davis And His Chaps Thong Tights Freely Frolic Across Both Sides Of The Border ! :o 

 

Nachopost.jpg

 

:D  :D  :D 

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2018/3/26 02:57:42 PM 
With the existence of a government consisting of corrupt politicians and complicit in the looting of the wealth of the country and its funds, the theft of public funds is normal in Iraq, our trip today will start from one of the private banks in Baghdad, which has stolen citizens' money in a new way.

As the social networking sites circulated a video of an angry citizen criticizing the tax department for not saying the full name of the bank that sent him to him. "When I checked the tax department, the name of the duo was only addressed to one of the banks until my mortgage was confirmed to this bank, Many of the names are similar, for example, there are five people who have the name of Mohammed Hussein and Ali Mohammed and Hussein Ali and others and each of them to pay 25 thousand to the bank until the confirmation of their indebtedness and the end of their treatment, "surprising the lack of addressing the triple name and title and citizen information fully to exclude this Cases and avoids the citizen to pay 25 thousand to the bank.

"I asked the staff and one of them said that we could address the department to write the triple name and title but they did not do so." There is an agreement between the directors of the Tax Department and the banks to steal the citizen indirectly and obstruct their transactions, although the bank is civil and humiliating the citizen in this way to enter him One day millions of money is forbidden.

The financial crisis experienced by the country has been overshadowed by its effects on all sectors of the economy and affected by all government and individuals, and sectors that have emerged the effects of this crisis is clearly the banking sector, and started the banks, especially the private ones to lag in financial transactions and Nkl commitments with clients, Roads are stolen by the citizen indirectly and even directly by the private banks, which exceed one hundred banks do not provide a service only to steal the citizen, because this poor people is the weak link between whales corruption until the violation of rights daily.

Advisor to the Association of Private Banks, economic expert Salam Smisem says in her interview with (One News) that: "The name must be based on the quadrant and the name of the mother in all government transactions in all institutions to prevent any suspicion, because in Iraq in particular may reach similar names to the fourth grandfather And most Iraqis call their children on the names of their parents, and therefore Iraqis are in the problem of similar names always. "

"If the case is deliberate by the tax department, the Ministry of Finance must take the necessary measures to prevent the occurrence of this corruption and reduce these incorrect methods that drains the citizens' money unchecked," Smisem said.

A member of the parliamentary committee of economy and investment, Najibah Najib, said in her interview with "One News" that: "The state, as it is the tax imposed on them to take ways and procedures to ensure the complexity of citizens, and not make the citizen escape from the tax procedures using these methods Almnafra, Especially as the state is in dire need of tax and fees to compensate for the budget deficit. "Indicating that the inconvenience of citizens in these ways and exploitation will have a negative impact on the government in general and on the bank in particular, which will lead to the reluctance of citizens to pay taxes and termination of transactions.

Najib said: "The reduction of these violations and problems lies in the coordination between government and private banks and between the relevant ministries such as the Ministry of Perfection, and activating the supervisory role of the Integrity Commission and the imposition of control by the Central Bank on the performance of private banks and through them will be able to reduce these behaviors and to serve the citizen in the best image "He said.

For his part, the Director of Information Agricultural Bank, Mohammed Sharif told the "One News" that: "The issue of dealing with paper methods is outdated, and in all countries of the world is adopted modern electronic systems under the name of (governance or e-government) in the completion of transactions and exchanges Financial systems, these systems reduce a lot of loops in transactions and create a system of protection of citizens to ensure access to information accurately and away from similarities in names, for example.

He pointed out that the process of repeating the names due to the failure of the financial systems adopted despite the attempt to restructure the banks and the introduction of modern technologies adopted by the Central Bank for about ten years, this process has not been useful until the moment but there is a lack of seriousness in the axes of return The restructuring of the training of workers and the introduction of modern technologies. "

"The tax system in Iraq is a backward system, and tax operations are based on backward primitive methods," he said. "Capital systems generally take an advanced tax base and collect levy for use in the service and social security sectors, but tax collection is still based entirely on small fees and taxes. Low income people ".

Previously, the Central Bank of Iraq, using the expertise of a global company to determine the fate of some local banks, but KPMG filed a report carrying three options, either support the bank or merge it with another bank or terminate its work.

The Central Bank of Iraq is the body responsible for the formulation and implementation of monetary policy, concerning the management and issuance of cash, supervision of the work of government and private banks and follow-up movement of capital and the sale of oil revenues from the dollar in the official auction to finance the government budget

It is noteworthy that in the recent period, especially in the last two months that private banks began to slow the obvious in the delivery of depositors wishing to withdraw their funds or part of them on the pretext of lack of sufficient liquidity.

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CENTRAL BANK OF IRAQ AUCTIONS $199,645,811 ON 25 MARCH 2018
Iraq, March 26, 2018
The Central Bank of Iraq (CBI) currency auction on March 25 registered $199,645,811 in sales, a 18.43% volume increase from the US $168,576,870 sold by Iraqi Dinar, credit and transfer at the previous auction held on March 20.
The latest auction was attended by 45 banks and 9 remittance companies. The same institutions attended the auction held on March 25 compared to the previous auction.

Data for the March 25 auction was made public by CBI Announcement Number 3661.

Dollar sales in the in the period January 1, 2018 to March 25, 2018 saw an increase of -1% compared to the sales of US $8.18 billion in the same period in 2017. The total amount of US currency sold by CBI in the calendar year 2017 was US $15.7 billion.

An analysis of the monthly dollar sales by CBI since January 2016 reveals highly fluctuating volumes. During the period from January 2016 to March 2018, sales of US dollars averaged US $1.86 billion per month. Peak volumes were reached in May this year when sales touched US $2.3 billion.

http://www.iraqdailyjournal.co.....-z16872687

Year     Month        US dollar sales in billions   Increase/(decrease) compared to the previous month

2017     January    2.2                                           

2017     February   2                                              -9%

2017     March        2.1                                          5%

2017     April           1.8                                          -14%

2017      May           2.3                                           28%

2017      June          0.6                                          -74%

2017     July            2.2                                          267%

2017      August      2.1                                          -5%

2017     September 1                                              -52%

2017     October       2.2                                         120%

2017     November   1.9                                         -14%

2017     December   1.9                                         0%

2018    January        2.2                                         16%

2018     February       2                                            -9%

2018     March           1.4                                         -30%

Edited by DinarThug
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Governor of Basra: We do not take responsibility for delaying wages of workers and wait for ratification of the budget to launch

 

25th March, 2018  VIDEO on link

Asad al-Eidani, the governor of Basra, said on Sunday that the local government can not afford to delay the wages of cleaning workers in the province, noting that he is waiting for ratification of the budget to launch. 

"The problem of delaying wages of workers in cleaning did not occur in Basra only, but got in most of the provinces of Iraq because of the delay of the adoption of the General Budget 2018," said Eidani in his tour, accompanied by "Al-Ghad Press".

"The province has sent an official letter to the provincial council in Basra, demanding the transfer of some amounts to pay the wages of cleaning workers during the vote in the next session," he said. "He is waiting for ratification of the general budget for the release of all wages." 

He said that "some people are trying to exploit this incident by launching unrealistic names on the crisis of delaying the wages of cleaning workers," adding that "the local government does not bear at all delaying those wages." 

The national cleaning company in the province of Basra, announced the suspension of work in the provinces because of non-payment of wages of workers for three months.

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Deputies: The budget is effective with the expiry of its legal period

BAGHDAD / Al-Sabah / Shaima Rashid 
The House of Representatives is scheduled to hold its last session of the current session on Tuesday amid doubts about the possibility of achieving a quorum despite the existence of laws ready and ready to vote, while the deputies confirmed that the federal budget for this year became effective with a deadline of 15 days The ministries must work with them. 

The Speaker of the House of Representatives Salim al-Jubouri called on Saturday members of parliament to attend a meeting on Tuesday to invest the remainder of the life of parliament and legislation of the important law and not to be deported to the next session. 

A member of the House of Representatives Ali Alalak ruled out the quorum during the meeting today.

Al-Alaq said that "the Speaker of Parliament is striving to pass laws that are stalled during this session, but ruled out the achievement of the quorum, and if it happens will be a good thing," noting that "the parliament failed to achieve a quorum during regular sessions, how now with the end "The budget is effective with the expiration of the 15-day period that was given to the president constitutionally, and without its ratification, it will take effect," he said, adding that "the non-ratification does not mean appeal, but there may be an amendment. Budgeting

He supported the member of the House of Representatives Abbas al-Bayati, the deputy MP Ali al-Alaq in the inability to achieve a quorum in a meeting on Tuesday, because "the MPs began their election campaigns," saying to "morning": "We exclude the achievement of the quorum, there are personalities engaged in election campaigns, "The presidency of the parliament to take the necessary measures against the deputies absent from Tuesday's meeting," noting that "the budget became effective after the vote was not returned and who wants to appeal before the Federal Court." In turn, MP Joseph Saliah said that "the budget will be implemented after the expiration of the legal deadline for the President of the Republic and became effective." 

For her part, excluded the MP for the rule of law, Nahla al-Habbabi, the completion of quorum during the parliamentary session today due to repeated absences.

"The House of Representatives will not be able to pass any law during Tuesday's session because of the lack of quorum," Al-Hababi said in a press statement. Kurdish deputies to that, confirmed the Kurdistan Alliance, the presence of all its deputies to the parliament session on Tuesday, said MP from the coalition, Tavka Ahmed in a press statement: "The Kurdish deputies will attend the session of parliament to be held today after the boycott of previous sessions," indicating that "there More than 20 laws should be voted on during the session, "Ahmed said," Most of the laws left on the table of parliament two years ago and during the session will vote on it, "explaining that" there are laws that it is hoped to be voted on Tuesday, most notably the laws (Union of Health Professionals , The Nurses Syndicate, the Engineers Syndicate, The Association of Accountants and the Amendment of the Artists Syndicate Act).

For its part, called the MP for the Kurdistan Alliance Najib Najib, the need to accelerate the passage of the law of property disputes before the end of the life of the current House of Representatives, said Najib in a press statement: "The Kurdistan Alliance deputies will attend the session of the House of Representatives to be held today," stressing the need to "accelerate Pass laws important task ready to vote, "said Najib," Among those laws the law of property disputes, which awaited many of the Iraqi people for years, "noting at the same time that" the concern of some MPs campaigning prevents their presence. "

http://www.alsabaah.iq/Article.....?ID=154654

Edited by DinarThug
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March 26, 2018 - 13:28

  Deputy: Budget and 23 law will be discussed at the last session of Parliament

 

BAGHDAD / The obelisk: MP for the National Alliance, Amer Fayez, Monday 26 March 2018, that "next Tuesday's session, will include a vote on 23 laws in addition to the law of the financial budget."

Fayez said in a statement followed by the obelisk, that the meeting of the House of Representatives on Tuesday will include the vote on nearly 23 laws prepared for the vote, but the lack of quorum in the past sessions did not vote in the event of a quorum, "adding that" the meeting will also include discussion of the budget law The fiscal year 2018, which was returned by President Fuad Masum without a constitutional right in the meeting tomorrow. "

Al-Fayez said that "there are a lot of MPs are busy with election campaigns, which leads to their absence to parliament and this is a shame that their campaign at the expense of Parliament and passing laws."

MP Fayez expected that "this is the last week of the parliament and Tuesday session the last session at the age of the current session."

 The House of Representatives on Saturday set the date of its next session, while noting that it will include the completion of voting on the laws.

The parliamentary chamber said in a statement followed by the obelisk, "The House of Representatives will hold next Tuesday its regular session."

"The session will include the completion of voting on the laws contained in the work schedules," the department said.

"The deputy speaker of the parliament postponed the regular session of the Council, which was scheduled to be held on March 15, to another notice because of the lack of quorum."

Follow the obelisk

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The Balance: The budget became effective after the 15-day deadline

101277.jpg?width=750&&height=400 

 

27th March, 2018
The coalition of state law, Tuesday, March 27, 2018, that the federal budget for this year became effective with a deadline of 15 days and the ministries to work.

"The budget is effective with the expiration of the 15-day period that was given to the president constitutionally, and without its ratification, it will take effect," Al-Sabah newspaper quoted MP Ali al-Alaq as saying. "The non-ratification does not mean challenging them, but there may be an amendment. "He said.

The Information Office of the Presidency of the Republic was announced on March 13, 2018, rejected the President of the Republic Fuad Masum, the ratification of the budget of 2018 due to the presence of about 31 points where intersect with the legislation in force.

"The President of the Republic Fouad Masoum decided to return the draft law of the general budget for the fiscal year 2018 and voted by the Parliament on the third of this March, to the House of Representatives to re-examine the form and content of the constitutional, legal and financial."

 

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LINK

Member of parliamentary law The publication of the budget is expected in the Official Gazette


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27th March, 2018

A member of the parliamentary legal committee, Salim Shawqi, predicted on Tuesday, March 27, 2018, that the budget bill for 2018 will be published in the official gazette within the next two days

"The President of the Republic does not have the right of rejection of the federal budget, but he can give his opinion and observations around it, and if there are irregularities on it can be challenged by the Federal Court or settled with the House of Representatives.

He added that "the remarks that came from the President of the Republic on the budget were mostly formative comments," continuing that "the Presidency of the Parliament announced that it paid the federal budget to the government for publication in the official newspaper which is practically the current time with the Ministry of Justice and expect to publish during the next two days. 

It is noteworthy that the House of Representatives voted, in its session held on Saturday, "March 3, 2018" on the federal budget for the current fiscal year by boycotting the Kurdish deputies. 

 

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LINK

Parliament returns the draft budget to the Presidency of the Republic


البرلمان يعيد مشروع الموازنة الى رئاسة الجمهورية 

 

27th March, 2018
The House of Representatives announced on Tuesday, the re-enactment of the federal budget law for the year 2018 to the Presidency of the Republic.

The correspondent of "Al-Ghad Press" in the parliament, "The Speaker of the House of Representatives Salim al-Jubouri, announced today, during the meeting of Council No. 15, the re-enactment of the Federal Budget Law for the year 2018 to the presidency of the Republic."

The President of the Republic Fuad Masum decided, last Tuesday, the draft federal budget bill to intersect 31 points with the legislation in force. 

And voted the House of Representatives on 3/3/2018 on the draft law of the general budget for the year 2018, consisting of 58 articles, amid the province of the Kurdish deputies.
Edited by DinarThug
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