Raise the draft budget for 2014 to the Council of Ministers next month

[TBomb]

Raise the draft budget for 2014 to the Council of Ministers next month

20-08-2013 | (Voice of Iraq) -  Add a comment -

Baghdad Farah pumice

 

The government placed the greatest attention within the strategy budgets of the next three years to revive the national economy of Iraq, expected to double revenues of the country to reach nearly 143 trillion dinars in the budget next year 2014 amounting to more than 157 trillion dinars, and the size of export of oil up to 3.5 million barrels per day.

 

 

This comes at a time in which it will raise the Ministry of Finance budget bill for the year 2014 next month to the Council of Ministers in order to study and vote on them.

And forecasts of the Finance Committee with a clear increase in the volume of investment expenditure for the next three years, as will those expenses 62 trillion dinars next year, and by more than 39 percent of the net budget allocations.

 

 

And reliable specialists in economic affairs on the need to increase investment allocations in order to support and implement strategic projects, as well as emphasizing the importance of increasing funding ports for future budgets that can be achieved thanks to rely on market economic policies, which stressed the Constitution to follow the country's economic approach.

 

 

Committee member MP Magda Abdel-Latif al-Tamimi disclosed the "morning" the concentration of the budget next year on a number of important points, which stands in the forefront of installation contractors with the state, and increase the number of grades, noting that the strategy took into account the support of companies self-financing in the paragraphs that have been included in the budgets of the next three years, especially centrally funded, including loss-making companies. And announced that a member of the strategic vision of the total revenue and expenditure for the year next three, indicating that the total revenue in the budget of the year 2014 equal to 143 trillion dinars, and expenses 157 trillion and 712 billion dinars, while the deficit amounts to 14 trillion and 681 billion, with estimated revenues of the budget year 2015 to 157 trillion and 285 billion, with a total expenditure of 168 trillion and 837 billion, the deficit is estimated equal to 11 Trliuna and 552 billion dinars.

 

 

She drew Tamimi that the total revenue in the budget of the year 2016 equals 188 trillion and 883 billion dinars, the size of the expenses estimated at 178 trillion and 316 billion dinars, and a deficit expected up to 10 trillion 567 billion dinars, noting that non-oil revenues will reach 8 trillion and 970 billion dinars for the coming year 2014, With will equal 9 trillion 818 billion dinars for 2015, estimated at 10 trillion dinars and $ 774 billion in 2016, with the stability of the region from the budget dues, which claims to represent revealed by the province in the preparation of the budget.

 

 

She said Tamimi said strategic budgets for the years coming three adopted on the price of 90 dollars per barrel of oil, and the size of export of 3.5 million barrels per day for 2014, and 3.85 million for 2015, while expected to total export volume in 2016, 4.65 million barrels, noting that the strategy adopted a fixed exchange rate of the dollar against the dinar at 1116, and based on previous years. urged the member of the Commission on the need to go to private sector development, in order to convert a portion of the burden central to decentralized, and to ensure that workers in the private sector, in the form that leads to alleviating the shoulders of the state, revealing the amount of operational budgets and investment for the next three years, which she said: that the operational including $ 94 trillion and 887 billion dinars in 2014, and investment is equal to 62 trillion and 825 billion dinars, and the proportion of the investment budget of the total budget of up to 39.8 percent , while explained that the operating budget for 2015 is equal to 99 trillion and 729 billion dinars, and the investment is equal to 69 and 108 billion dinars, equivalent to 40.9 percent of the percentage of the operating budget for the total budget, while the estimated reach the operating budget in the year 2016 nearly 102 trillion and 26 billion dinars , and investment which equal to 76 Trliuna and 290 billion, at a rate of 42.8 percent, the amount of the investment ratio to the total budget.

 

Tamimi also said that its Committee will develop a strategic vision for the general budget for the next three years, which focuses on increasing grades, and installation contractors with government departments.
Morning

 

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I'm wondering how they can calculate the budgets for the next three years without a value assigned to the currency?  

Edited August 19, 2013 by TBomb

[bg888]

They just figure budgets based upon current values and if the value changes through RD/RV they also change the budget numbers accordingly.

[TBomb]

The draft budget for the 2014 lifted to the Cabinet next month

 

 

20-08-13 | (Voice of Iraq)-add a comment-

Baghdad Farah pumice
The Government attention within strategic budgets for the next three years to revive the economy, expected to double the country's revenues of approximately 143 trillion dinar budget next year 2014 more than 157 trillion dinars, and the volume of oil exports up to 3.5 million barrels per day.

 

This comes at a time when the Ministry of finance will draft general budget law for the year 2014 next month to the Cabinet in order to study and vote on them.

 

Finance Committee forecast came with a clear increase in the volume of capital expenditure for the next three years, these expenditures will amount to 62 trillion dinars for next year, and more than 39 per cent of the net budget allocations.

 

And specialists in economic need to increase investment allocations to support implementation of strategic projects, as well as stressing the importance of increased funding for ports of future budgets can be achieved through reliance on market economic policies, which he said the Constitution as the country's economic policy.

 

Committee member Rep. Magda Abdel Latif al-Tamimi has disclosed for "morning" about next year's budget focused on a number of important points, which stands in the forefront installation contractors with the State and increase the number of jobs, noting that the strategic support of the self-financing companies observed in paragraphs that were included in the budgets for the next three years, particularly centrally funded, including the also-ran. Committee member declared strategic vision for total revenue and expenditure for the next three years, indicating that the total revenue in the budget for the year 2014 worth 143 trillion dinars, and 157 trillion and 712 billion dinars, the deficit amounted to 14 trillion and 681 billion dollars, while revenue budget for the year 2015 157 trillion and 285 billion, total expenditure reached 168 billion and 837 trillion, with a deficit of brain is Levi 11 trillion and 552 billion dinars.

 

Tamimi drew that total revenue in the budget for the year 2016 equal 188 trillion and 883 billion dinars, spending an estimated 178 trillion and 316 billion dinars, with the deficit expected to reach 10 trillion 572 billion dinars, indicating that non-oil revenues will reach 8 trillion and 970 billion dinars for next year 2014, you will equal 9 trillions of 818 billion dinars for the year 2015, estimated at 10 trillion dinars and 774 billion in 2016, with the territorial budget, dues, which revealed his claims represented by the territory when preparing the budget.

 

Tamimi said the budget strategy for the next three years based on the price of 90 dollars a barrel, and the export volume reached 3.5 million barrels a day for year 2014, and 3 million to 850,000 for 2015, with the export volume is expected to reach in the year 2016, 4 million and 650,000 barrels, suggesting that the strategy adopted a fixed exchange rate for the dollar against the Iraqi dinar at 1116, relying on previous years (UGH).

 

She urged the Committee member thatIn the development of the private sector, in order to convert part of the burden of decentralized, to ensure that workers in the private sector, the way that leads to the dilution of State, revealing the amount of the investment and the operational budgets for the next three years, said: the operational of which 94 trillion and 887 billion dinars in 2014, and investment equal to 62 trillion 825 billion dinars, and the proportion of the total investment budget of ElmoGeneral I weigh him up to 39, 8 percent, while the operating budget for the 2015 equal 99 trillion and 729 billion dinars, and investment is equal to 69 and 108 billion dinars, equivalent to 40, 9 percent of the operating budget to the general budget, with total estimated operational budget reserve in 2016, about 102 trillion and 26 billion dinars, of which investment is equal to 76 trillion 290 billion, an average of 42, 8 percent of the total investment budget.

Tamimi also said that its will to see lightning strategy budget for the next three years, which focused on increasing jobs and installing contractors with government departments.
Morning

 

 

Alt translation

Read more: http://www.sotaliraq.com/mobile-news.php?id=112716#ixzz2cSW61c2d

 

Thanks Bg888

Edited August 19, 2013 by TBomb

[Alex38]

looking like 1116 people... keep moving... nothing to see here...

Edited August 19, 2013 by Alex38

[TBomb]

http://dinarvets.com/forums/index.php?/topic/158394-finance-committee-budget-2014-election-baghdad-and-erbil-to-resolve-their-differences-before-reaching-the-parliament/

 

connected thread from Butifldrm

 

Alex, I think there is something to see here...three years' budget's approved in a couple of months, and connect that to the 2013-2017 development plan?  There' something happening, IMO, in connection with Big Players, like the IMF/UN/WTO/WB possibly.

Why do they  need to get all of these budget's done/approved well in advance, when it takes them, for example, well into 2013 to get 2013's budget done? Something's afoot.

[sandfly]

THANKS

[Catluver67]

I'd like to think that's a typo of the 1166...If they are not going to float or remove the zeros then the only other thing they talk about is 1000:1. 1116 just seems too weird.

[Boozer]

It's Iraq every thing they do is weird