Economy News» Publishes The Budget Law 2018 !

[DinarThug]

A parliamentary surprise: Budget has become constitutional for this reason

BAGHDAD - The parliamentary legal committee confirmed on Monday that President Fuad Masum exceeded the legal limit of 15 days to approve the budget lawafter sending it to the Presidency of the Republic, noting that the budget has become constitutional according to the law .

The Committee member Sadik al-Laban said in a press statement that "infallible exceeded the period of time stipulated by the Constitution in accordance with Article 73 paragraph 3, which sets it by 15 days to ratify the federal budget," noting that "the Federal Budget Law has been ratified by law and the government directly to implement its terms And published in the Official Gazette .

Al-Labban added that "the points of opposition identified by the infallible in the budget will be the responsibility of the Presidency of the parliament in its discussion or neglect," explaining that "Parliament has been close to the legislative term and I expect that will not discuss those points of contention ."

He added that "the 31 points of disagreement came before infallible and not from the Presidency of the Republic," pointing out that "the constitutional text did not refer to the possibility of rejecting the budget by the infallible ."

A member of the legal committee of the parliamentary high Nassif has confirmed, last week, that the rejection of President Fuad Masum to the federal budget "Shakly", while the statement that the Constitution does not provide for rejection of the budget.

On February 3, the House of Representatives voted on the draft budget bill for 2018 in full.

Prime Minister Haider al-Abadi congratulated the Iraqi people for launching the general budget law for 2018, and called on all ministries, institutions and departments of the state to carry out their duties in the best way.

The President of the Republic Fouad Masum refused to approve the financial budget for the current year 2018, after it was approved by parliament.

The presidential press office announced that President Fuad Masoum decided to return the draft budget law to the House of Representatives.

For his part, Prime Minister Haider al-Abadi said that no one has the right to stop the general budget of the country after the vote of the House of Representatives.

"We hope that we will receive a copy of the budget from the presidency to be in force," Abadi said, according to his press office.

http://sumer.news/ar/news/2706.....8%A8%D8%A8

[DinarThug]

Parliament points to a lack of an infallible return to the budget: the winds will go on

A member of the parliamentary legal committee Zana Said said on Sunday that the reservations of President Fuad Masum on the budget of 2018 will go to include the wind if not submitted to the Federal Court. 

The infidels decided to return the draft budget law, which was voted on the third of this month, to the parliament to re-examine the form and content of the constitutional, legal and financial, pointing to the existence of about 31 points intersect with the active inventions. 

"The president of the republic sent his remarks to the parliament and this has nothing to do with the budget being considered valid after 15 days of sending it to the presidency," Saeed said. 

"It may be possible to challenge the Federal Court on the budget and make those observations, but we know that the presidency has not done so far."

The Iraqi parliament approved on the third of this month the final version of the draft federal budget for the year 2018, after achieving a quorum by 176 votes out of 328 deputies. 

And ratified the Iraqi parliament on a budget worth 88.5 billion dollars for the year 2018, despite boycotting Kurdish parliamentarians to vote in protest against the reduction of financial allocations for the Kurdistan Region of Iraq. 

The budget was based on oil exports expected to reach 3.9 million barrels per day, producing Kurdistan Region 250 thousand barrels per day of them. The budget set the reference price of the barrel at $ 46. 

The Iraqi budget plan expected revenue to reach 77.5 billion dollars, while the projected deficit was estimated at 10.6 billion dollars with 20.8 billion dollars allocated for investments.

It was supposed to pass the Iraqi budget before the beginning of 2018, but several key points of disagreement between the central government on the one hand and Sunni Arabs, and Arab Shiites and Kurds on the other prevented the draft budget on time.

https://www.sotaliraq.com/2018/03/19/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%A4%D8%B4%D8%B1-%D9%86%D9%82%D8%B5%D8%A7-%D8%A8%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9-%D9%85%D8%B9%D8%B5%D9%88%D9%85-%D9%84%D9%84%D9%85%D9%88%D8%A7/

[bigwave]

Blown' in the wind.

 

Now somebody is going to say they passed gas....

[blueskyline]

Thanks Thug ................................................Billions.

[ChuckFinley]

3 hours ago, bigwave said:

Blown' in the wind.

 

Now somebody is going to say they passed gas....

Going to have to give that one to you.  

[10 YEARS LATER]

3 hours ago, bigwave said:

Blown' in the wind.

 

Now somebody is going to say they passed gas....

 

Dang, you beat me to the punch line. 

[Synopsis]

Pure speculations and conjecture here but a potential explanation of the passage of the budget and the token resistance by the Iraqi President is the Kurdish allocation of 12.67% is actually 17% AND the revalue rate of 1 IQD = 2.6 USD simultaneously occurs if the 2.6 is taken out of the middle of 12.67%???!!!

 

              

 

Well, OK, don't get all up in arms here everybody THIS IS ONLY A JOKE. I repeat THIS IS ONLY A JOKE.

 

Just sayin'. (You can still get Your calculators out and dream a little )

 

I thought everybody could use a laugh on this fine Monday evening to take a little of the edge off while we wait.

 

In the mean time......................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

[Rochester]

12.67%...what is it? Obvious. It's PM Abadi signalling the Kurds: get in line, make deals, come to agreements, pass oil laws, or we will not give you money, and you will suffer. And in the end, it will work. Why? Kurds have no choice. And right now Abadi took control of the roads and airports and oil wells, and the Peshmerga....so he is in control, and his control gets stronger every day. Kurds have no allies. Kurds have no way to get their oil out. The are a land locked country. The Turks hate them. The Iranians hate them. Turmp does not support them. So the Kurds are painted in a corner. And if Nuri Maliki gets back into power, he will screw the Kurds over so badly, they will regret it for 1,000 years. The time for playing stupid games is over. The Kurds will sign, will support the government, will come to agreements, or they will be punished forever, starting with only being given 12% of the budget, instead of the 17% they deserve, but will not get, if they continue to act like idiots.

[3n1]

ur conjecturing is as good as any  ... we wait

[10 YEARS LATER]

1 hour ago, Rochester said:

12.67%...what is it? Obvious. It's PM Abadi signalling the Kurds: get in line, make deals, come to agreements, pass oil laws, or we will not give you money, and you will suffer. And in the end, it will work. Why? Kurds have no choice. And right now Abadi took control of the roads and airports and oil wells, and the Peshmerga....so he is in control, and his control gets stronger every day. Kurds have no allies. Kurds have no way to get their oil out. The are a land locked country. The Turks hate them. The Iranians hate them. Turmp does not support system" rel="">support them. So the Kurds are painted in a corner. And if Nuri Maliki gets back into power, he will screw the Kurds over so badly, they will regret it for 1,000 years. The time for playing stupid games is over. The Kurds will sign, will support system" rel="">support the government, will come to agreements, or they will be punished forever, starting with only being given 12% of the budget, instead of the 17% they deserve, but will not get, if they continue to act like idiots.

 

DAMN STRAIGHT        

[DinarThug]

LINK

Abadi: We have launched the financial allocations for all governorates

18:28 - 20/03/2018  

Prime Minister Haider al-Abadi announced on Tuesday the release of all financial allocations to all governorates, while the imposition of federal authority in the region is in the interest of the Kurdish citizen.
"The central government has launched all financial allocations for all provinces as stipulated in the federal budget for 2018," he said, noting that "the imposition of federal authority in the Kurdistan region came in the interest of Kurdish citizens."
He added that "it is necessary to monitor the distribution of salaries to the staff of the region after the launch on Sunday."

[tigergorzow]

DT Thanks,   Heck Yeah.....-@))

[Half Crazy Runner]

17 minutes ago, DinarThug said:

after the launch on Sunday."

 

Sunday works for me 😁 🚀 

[ChuckFinley]

31 minutes ago, Half Crazy Runner said:

 

Sunday works for me 😁 🚀 

Hi HCR. Sunday works for me. I plan on being easy, just not cheep.  

[DinarThug]

58 minutes ago, DinarThug said:

after the launch on Sunday."

 

37 minutes ago, Half Crazy Runner said:

Sunday works for me 😁 🚀 

 

All Day Long - Breakfast, Launch And Dinar !  

 

     

[navira45]

Bump this

[Half Crazy Runner]

20 minutes ago, ChuckFinley said:

Hi HCR. Sunday works for me. I plan on being easy, just not cheep.  

 

Hi Chuck! 

Looks like we’re all in agreement. Sunday RV it is 😄

[DinarThug]

17 minutes ago, DinarThug said:

All Day Long - Breakfast, Launch And Dinar !  

 

     

 

5 minutes ago, navira45 said:

Bump this

 

Bump It Like It’s No Longer On The All Day Breakfast Menu But The Chef Will Still Make It For U !  

 

     

[DinarThug]

19 hours ago, DinarThug said:

Abadi: We have launched the financial allocations for all governorates

18:28 - 20/03/2018  

Prime Minister Haider al-Abadi announced on Tuesday the release of all financial allocations to all governorates, while the imposition of federal authority in the region is in the interest of the Kurdish citizen.
"The central government has launched all financial allocations for all provinces as stipulated in the federal budget for 2018," he said, noting that "the imposition of federal authority in the Kurdistan region came in the interest of Kurdish citizens."
He added that "it is necessary to monitor the distribution of salaries to the staff of the region after the launch on Sunday."

 

 

LINK

Abadi: We have launched the financial allocations for all governorates

18:28 - 20/03/2018  

 

Prime Minister Haider al-Abadi announced on Tuesday the release of all financial allocations to all governorates, while the imposition of federal authority in the region is in the interest of the Kurdish citizen.
"The central government has launched all financial allocations for all provinces as stipulated in the federal budget for 2018," he said, noting that "the imposition of federal authority in the Kurdistan region came in the interest of Kurdish citizens."
He added that "it is necessary to monitor the distribution of salaries to the staff of the region after the launch on Sunday."

 

 

 

3-21-2018   Newshound Guru MilitiaMan   Article: 

"Abadi: We have launched the financial allocations for all governorates" 

Quotes: "The central government has launched all financial allocations for all provinces as stipulated in the federal budget for 2018,..." ...

"it is necessary to monitor the distribution of salaries to the staff of the region after the launch on Sunday."   

They Launched it on Sunday.

They paid them yesterday and today.

They called for Holiday Thursday...Go figure about the timing...

Everything we have learned to date is coming to completion.. 

eos imo ~ HCL, 140, Budget, etc...the list goes on! 
 

[DinarThug]

LINK

Expert: Iraq is heading towards an oil revolution that revives its economy and stops importing derivatives

08:22 - 22/03/2018  

 

Oil expert Hamza al-Jawahiri said on Thursday that Iraq is heading toward an oil revolution that will revive its economy and provide him with a lot of money and stop importing oil derivatives. He said that Iraq will soon feel that it could turn into a source country for oil derivatives.

Al-Jawahiri said in a statement that "there are several refineries operating in most provinces, which in turn will supply the country with various oil derivatives of gasoline, white oil and gas in addition to other non-essential materials."

"The opening of the new refineries leads Iraq to self-sufficiency of oil derivatives, some may be exported abroad, but the global oil market is full of supply of oil," adding that "the country will soon see a major oil revolution provides billions of dinars contribute to the delegation Balance the money and thus the advancement of the Iraqi economy. "

The member of the Committee on oil and energy parliamentary MP Ibrahim Bahr al-Ulum earlier confirmed to the information that Iraq has reduced the import of oil derivatives by 25% after the opening of new refineries and near the completion of other refineries in Nineveh and southern provinces, which will revive the Iraqi economy and stop the import process.

[DinarThug]

LINK

That's why staff deductions continue for the current month

18:37 - 22/03/2018  

 

The representative of the State of Law Ali Al-Aliq, Thursday, that the deductions of salaries of employees are valid during the current month, while explained that the continuation of the work because of the budget of 2017.

"The salaries of employees continued during the current month as a result of the work of the budget of 2017," he said, adding that "deductions will be canceled in the coming days after the issuance of guidance by the government to implement the budget 2018."

He added that "the reason for the continued deduction of salaries came as a result of delaying the adoption of the federal budget law for 2018," explaining that "the budget has become a constitutional and will be implemented in the coming days."

On Saturday, March 3, 2018, the House of Representatives voted to abolish deductions from the salaries of state employees in the draft budget bill for 2018. 

[DinarThug]

Deputies: Budget {in force}

 

25/3/2018 12:00 am 

 BAGHDAD / Al-Sabah 

Speaker of the House of Representatives Salim al-Jubouri called on members of parliament to attend next Tuesday's session to complete the legislation and the important laws prepared for the vote at a time when the parliamentary legal committee called on the government to work in the federal budget as being "in force" after its ratification by the House of Representatives, While the Committee requested the Presidency of the Council of Representatives to send a letter to the Ministry of Justice to publish the budget in the newspaper "facts" official. 

"The House of Representatives is continuing to perform its duty and assume its responsibilities stipulated by the Constitution and the law until the end of its session," Jubouri said, adding that "there are many important laws to be voted and it is necessary to invest the remainder of the current session With a view to their adoption and not to be deferred to the next session. "

The parliamentary information service said in a statement on Saturday: "The House of Representatives will hold next Tuesday its regular session," adding that the session will include the completion of voting on the laws contained in the agenda. 

On the other hand, said a member of the parliamentary legal committee Hamdiya Husseini said in a press statement: "The presidency of the Republic is obliged to ratify the budget within 15 days from the date of receipt of the House of Representatives," noting that "the 15-day period ended and the budget today is valid." 

Husseini pointed out that "the work of the budget law in the current form does not carry any legal side," asserting "the futility of the House of Representatives to vote again on the budget," adding that "the central government from the legal point of now to implement the budget items and work, The constitutionality of the infallible ratification is over. "

In turn, called a member of the Legal Committee of Representatives Zeinab Sahlani, the Presidency of the House of Representatives to direct a letter to the Ministry of Justice to publish the budget budget in the newspaper "facts" after the response by the Presidency of the Republic. 

Sahlani said in a press statement: "The presidency of the parliament has the constitutional right and legal guidance to address directly to the Ministry of Justice to publish the federal budget law in the newspaper" facts "official to direct the government departments to act by law after the refusal of President Fuad Masum to ratify it

link

[ChuckFinley]

Thanks Thug for the updates. Trust you are having a great weekend. 

[navira45]

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!

[jcfrag]

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!

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 !!!!!

Edited March 25, 2018 by jcfrag