House approve 2015 budget deficit of 25 trillion dinars

[yota691]

Aajl..cil House to approve 2015 budget deficit of 25 trillion dinars
Thursday, December 29 2 / January 2015 21:10

 

 

 

[baghdad-where]

 

House of Representatives voted to approve the federal budget for fiscal year 2015 of $ 119 trillion dinars and a deficit of 25 trillion Danar..itba

Read more: http://dinarvets.com/forums/index.php?/topic/195705-aajlbde-parliament-session-to-vote-on-the-budget/page-5#ixzz3QEh9xvx1

 

Parliament approves 2015 budget deficit of 25 trillion dinars

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29-01-2015 09:19 PM

 

 

Voice of the House of Representatives, by a few, to approve the adoption of the federal budget for 2015, which amounted to 119 trillion dinars and a deficit of 25 trillion dinars. 
The head of the House of Representatives, Saleem al-Jubouri, this is the first time since 2003, recognizes the budget during the month.

[eburt]

WOW!!! If this the confirmation that the budget for 2015 is complete!!!

[King Bean]

YES they did it. Budget is officially approved with permission to print it in the Gazette.

[yota691]

Vote in the Iraqi Council of Representatives (Archive)

Parliament approves 2015 budget B119 trillion dinars

 

Author: HH, SSJ 
Editor: HH 01/29/2015 nine past nine p.m.number of readings: 140 

 

Long-Presse / Baghdad 

Acknowledged the Iraqi Council of Representatives, on Thursday, the financial budget for the current year 2015, B119 trillion Iraqi dinars and a deficit of 25 trillion dinars, and as he emphasized House Speaker Salim al-Jubouri It is the first time that the budget approval is during the first month of the year, and described as "achievement" .

Parliament voted during its ninth meeting on the financial budget for the current year 2015 by a majority of its members B119 trillion dinars and a deficit of 25 trillion dinars.

For his part, the Iraqi Parliament Speaker Salim al-Jubouri in a speech followed up (range Press), after the vote on the budget, "It's the first time carried out by the Iraqi Council of Representatives approval of the budget during the first month of this year," describing them as "achievement". 

And saw the vote on the budget disagreements and objections from members of the House of Representatives on the voting mechanism, where he announced the independent MP in the National Alliance Kazem Sayadi, for withdrawal of allocated for the vote on the financial budget for the current 2015 session of parliament session, in protest against the adoption of the Presidency of the parliament manual voting mechanism rather than -mail, as he emphasized his refusal to "guardianship", he stressed that the budget the "theft" of the money of the Iraqi people.

And also decided to House Speaker Salim al-Jubouri, during the voting session, converting the vote on the federal budget for the country of electronic voting to raise the hands mechanism, and while the meeting witnessed sharp differences between the House of Representatives and the President of the Council on the voting mechanism called al-Jubouri, the opponents resort to the media to express their opinion, accused Vice President of the Council, Salim al b "arbitrariness" in parliament sessions administration.

The Council of Representatives, on Thursday, its ninth of the second legislative term legislative year, the first to vote on the financial budget for the current year 2015, under the chairmanship of Salim al-Jubouri, and the presence of 260 deputies, after being postponed for one hour at the request of the Finance Committee, as the parliament voted on the budget of $ 424 billion and 825.482 million dinars, and the Supreme Judicial Council's budget of $ 411 billion and 837 534 000 dinars, High Commissioner for Human Rights of 20 billion and 675 807 520 dinars.

 

The Presidency of the Council of Representatives of Iraq, decided on Thursday to postpone the ninth session of the second legislative session to vote on the financial budget for the current year 2015, one hour, at the request of the Finance Committee.

 

And select the Iraqi Parliament Speaker Salim al-Jubouri, earlier Thursday, five o'clock in the evening, as the date to hold the ninth session of the second legislative term of the first legislative year allocated to vote on the financial budget for the current year 2015.

 

The head of the House of Representatives Saleem al-Jubouri said during a joint press conference on Tuesday, the parliament building with Interior Minister Mohammed Salem Ghaban, the political blocs to "tentative" agreement on contentious own budget points, while pointing out that the vote on the budget will be the day, he pointed out that one of the points of contention is the inclusion of the political agreement between Baghdad and Erbil in the budget.

 

Decided Presidency of the Council of Representatives of Iraq, Thursday, postponing the ninth session of the second legislative term of the first legislative year allocated to approve the financial budget for the current 2015 law, one hour, while attributing parliamentary source due to the continuing differences between the political blocs on some paragraphs of the budget.

 

He revealed a parliamentary source, on Thursday, the House Speaker Salim al-Jubouri, held a meeting with the heads of the political blocs to resolve points of contention in the financial budget for the current year 2015, after a meeting with Finance Committee failed because of disagreement over the three paragraphs in the budget law.

 

And held the Kurdistan Alliance bloc in the Iraqi Council of Representatives, on Thursday morning, a meeting at the parliament building to resolve the position of participating in designated to approve the financial budget for the current 2015 Law of the meeting, scheduled for today, to announce after the approval to attend the meeting and vote on approval.

 

The MP for the coalition of state law, high Nassif confirmed on Thursday (January 29, 2015), that the House of Representatives will vote on the financial budget for the current 2015 during its meeting to be held today, while confirming that the approval will be in accordance with the political consensus and not a professional reading, referred to Everyone agreed on the need for approval after that "tasted the scourge not approve 2014 budget."

 

And the President of the House of Representatives Saleem al-Jubouri, on Monday, (January 26, 2015), the parliamentary session to be held on Thursday, to vote on the draft financial budget for the current year 2015.

 

The President of the parliamentary finance committee, Ahmed Chalabi, told the speaker, Salim al-Jubouri, on Monday (26 January 2015 present), the readiness of the project budget for the current financial year the law to a vote on Thursday.

 

And approved by the Council of Ministers, on Tuesday, (January 27, 2015), to reduce the price of a barrel of oil calculated in the budget to $ 55 a barrel instead of 60, to make it closer to the reality of global markets, and facilitate the passage of the budget bill.

 

A member of the parliamentary finance committee, Masood Haider, in a press statement, on Tuesday, for the approval of the Commission to reduce the amount of the current budget for fiscal year 2015 to 125 Trliuna and 500 billion dinars to 119 Trliuna only, ie reducing the amount of nearly six trillion dinars.

 

Referred to the Iraqi Council of Representatives ended during the fourth session of the second legislative term of the first legislative year, which was held in (January 12, 2015), ending the second reading of the draft financial budget for the current year 2015, and the vote of the Committee on Migration and Displacement powers all to follow the displaced, but not included in the agenda then until now.

 

He called on Iraqi Prime Minister Haider al-Abadi, on Saturday, (January 10, 2015), during the celebration of the anniversary of the founding of the Dawa Party, the House of Representatives to the lack of budget returns, and stressed that the validity of Parliament reduction and carry, and with the provinces and ministries called "open the door for investment wide , warned that it "will be considered investment like a terrorism crime disabled."

 

 

Jubouri hails passage of the budget and confirms: Iraq has not seen since 2003, the law was passed during the month

 

Editor Mustafa Saad - Thursday January 29, 2015 21:20

 

 

 

 

         

 

 

 

Alsumaria News / Baghdad

The head of the House of Representatives Saleem al-Jubouri, on Thursday, that Iraq has not seen since 2003 to pass the federal budget bill within one month, praising the efforts of the Board to adopt the current year budget.

 

Jubouri said during the ninth meeting of the Council in the second legislative session devoted to the adoption of the budget, which was held this evening, and followed up with "Alsumaria News", "Iraq has not seen since 2003, passed the federal budget for the current year law within one month."

 

 

He praised al-Jubouri, the "efforts of the members of Parliament to pass that led to the current year's budget."

 

The House voted during its meeting held on Thursday evening (January 29, 2015), the draft federal budget for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion, while the voice to determine the price of a barrel of oil in the general budget for 2015 on the basis of 56 dollars.

 

[dontlop]

So are they sayin they don't have enough money to cover a 101 billion dollar budget this year ?

It looks like it

[eburt]

Way to Go Iraq!!!! Now let's RV currency....

[dontlop]

Or is the deficit on top of the budget

[bigwave]

"deficit of 25 trillion dinars"

 

I can't see how this is a good thing.

 

Dontlop - whats your take on it???

[cooked]

If I am not mistaken, 25 trillion is one third of their M1. How can they be that far behind? I have a hard time seeing how they can do anything.

[dontlop]

My take is

They are financially I trouble and need to run a deficit

Well maybe not in trouble but will need to work extra hard this year to keep their heads above water

The USA and many country's run budget deficits every year

If rving the currency was an option they would all do it

So far I've seen nor heard anything that incinuating an rv of the currency in this budget

But like every year we will have to wait and read the budget for the hype to disapear

If I am not mistaken, 25 trillion is one third of their M1. How can they be that far behind? I have a hard time seeing how they can do anything.

Money re- circulates within the annual economy

The USA only has 12 trillion m2

But our gdp is 18 trillion a year

And a big portion of dollars are sitting overseas and in bank accounts that never get used in our annual gdp

The govt spends dinar it runs thru the economy and is recirculated back to the govt over the course of the year and spent again by the govt the money doesn't go away when it's spent it just changes hands

Edited January 29, 2015 by dontlop

[bigwave]

My take is

They are financially I trouble and need to run a deficit

Well maybe not in trouble but will need to work extra hard this year to keep their heads above water

The USA and many country's run budget deficits every year

If rving the currency was an option they would all do it

So far I've seen nor heard anything that incinuating an rv of the currency in this budget

But like every year we will have to wait and read the budget for the hype to disapear

Money re- circulates within the annual economy

The USA only has 12 trillion m2

But our gdp is 18 trillion a year

And a big portion of dollars are sitting overseas and in bank accounts that never get used in our annual gdp

The govt spends dinar it runs thru the economy and is recirculated back to the govt over the course of the year and spent again by the govt the money doesn't go away when it's spent it just changes hands

Thank you so much DL. 

[yota691]

Iraq approves 2015 budget worth 119.5 trillion dinars

THURSDAY, DECEMBER 29 2 / JANUARY 2015 21:10 XYZ   

Twilight News / Iraqi Council of Representatives Thursday approved the financial budget of the country for the year 2015 the current value of 119.5 trillion dinars and a deficit of up to about 25.4 trillion dinars.

The fall in oil prices to their lowest level since 2009 has put the Iraqi government in a bind because it depends on the sale of crude revenues to finance about 95 percent of the budget.

The head of the House of Representatives, Salim al in the wake of the vote on the budget items that Iraq admits for the first time the financial budget in the first month of the fiscal year since the fall of the former regime in 2003.

Over the past years, Iraq has been delayed in the adoption of the annual budget because of differences between the political blocs on the clauses and aspects of exchange.

And tried to Prime Minister Haider al-Abadi prove itself in the first year of his premiership and the adoption of the budget as soon as he tries to make reforms in the country complaining of security chaos and corruption.

The continuing decline in oil prices in recent months, the only obstacle to the adoption of the budget after it reached the Governments of Abadi and the Kurdistan Region to an agreement on the budget and the export of oil.

The estimated price, which was adopted by the government of the oil initially $ 70 per barrel and then lowered to $ 60 to that adopted the final version of the $ 56 per barrel.

According to figures included by the House of Representatives Web site, the 2015 budget amounting to 119.585 trillion dinars.

The budget deficit stands at 25.4 trillion dinars. A statement by the Parliament that the deficit would be covered from internal and external borrowing and cash amounts retained in the Ministry of Finance account.

The estimated budget income of $ 94 trillion dinars were calculated revenues from export of crude oil based on the rate of (56 dollars) per barrel and the rate of export of 3.3 million barrels per day, including 250 thousand barrels per day from the northern Iraqi province of fields and 300 thousand barrels of oil from Kirkuk oilfields.

Deputy: approving the budget as a second victory for Iraq

 

21:56

01/29/2015

Parliamentary Finance Committee considered, on Thursday, the adoption of the current year's budget as the second victory after the formation of the government, and indicated that they did not face any problems in the approval because of "great political agreement."

He said the members and Chairman of the Finance Committee during a press conference they held in the parliament building that "the approval of the House of Representatives for the current year budget period, this standard is the second victory over terrorism after the formation of the government, was after a comprehensive political agreement."

The Commission added that "the budget included the allocation of allowances popular crowd who defend the Iraqi cities and will be converted later to the provisions of the National Guard after its formation," pointing out that "it was also monitoring the amounts to be distributed among the displaced."

The Committee noted that the budget "provides for the formation of a Higher Council for the reconstruction and the establishment of a fund for the reconstruction of the cities affected by the presence of Daash as well as for the reconstruction of mosques and the environment in order to clean up areas of mines and improvised explosive after the liberation," pointing out that "will be rationing Alaivadat, cars and other things are unnecessary and will be installed UNHCR staff before 2010 ".

The head of the House of Representatives, Salim al praised, Thursday evening, that Iraq has not seen since 2003 to pass the federal budget bill within one month, praising the efforts of the Board to adopt the current year budget.

The House voted during its meeting held on Thursday evening (January 29, 2015), the draft federal budget for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion, while the voice to determine the price of a barrel of oil in the general budget for 2015 on the basis of 56 dollars.

[uncirculd]

I am just imagining if that were 119 trillion US dollars.  That would be crazy.  I can barely count to a billion.  Thanks Yota.   Glad to see and maybe everyone noticed that they completed in record time.   Cool!  Now if they can just vote on the laws we are looking for...woo hooo

[yota691]

GMT 18:43 2015 Thursday, January 29 : Latest Update

Adopted the $ 56 per barrel of oil and $ 26 billion for security

Iraq approves 115 billion budget deficit and 22 billion

Dr. Osama Mahdi

• 
  Iraqi Council of Representatives in session chaired by Salim al-Jubouri
• 
  Iraqi Council of Representatives vote on the 2015 budget

 

 

Iraqi Council of Representatives voted today to the country's general budget for the current 2015 value of $ 115 billion, and a deficit of $ 22 billion, and adopted the $ 56 per barrel of oil, and set aside 26 billion dollars for security and defense.

Osama Mahdi: faced a vote on the budget this morning three major obstacles, which necessitated the postponement of the parliamentary session for approval twice, until six in the evening local time. The differences centered on installing the amount of oil exported via the province of Kurdistan, the financial allocations for the popular fighters crowd of volunteers and national reconciliation project.

The solution to the dispute over Kurdistan oil that the region export its oil product through the Federal National Company "Sumo" minus domestic consumption, provided that at least the production of it as agreed for 550 000 barrels of the province, and Kirkuk and 2.75 million barrels of provinces, Basra .

The national reconciliation allocations were monitoring a $ 25 billion dinars (about US $ 22 million) to be the enactment of her, and that this amount be allocated within which the three presidencies of the Republic and the parliament and the government also .. As decided to include the 50 000 volunteers from the sons of the hot areas occupied "Daash" into the popular crowd for volunteers under the name of the National Guard, and has been designated a two billion dinars (about two million dollars).

And the distribution of Iraq's budget for the current year 2015, which was approved by the House of Representatives during its Thursday 0.59 substance, where the total value of 119 trillion Iraqi dinars (about $ 115 billion), based on $ 56 per barrel, after a reduction of $ 60, as was in an earlier draft of the project budget, with a deficit of $ 25 billion dinars (about US $ 22 billion).

Share of the Kurdistan region has remained constant budget 17%, but the amount is less about 1.625 trillion dinars, to reach 20.23 trillion dinars (about US $ 18 billion).

Parliament, the judiciary and human rights budget
and approved by the parliament also on the House of Representatives budget of $ 424 billion dinars (about $ 410 million) and the Supreme Judicial Council budget of $ 411 billion dinars (about 380 million US dollars) .. and was allocated 20 billion dinars for the Human Rights Commission (18 million dollars).

Budget allocated 9000 degrees and careers to new ministries of Education and Interior, and the allocation of $ Trliunin and 400 billion dinars (about two billion dollars) for the displaced, distributed to them salaries monthly rate of 400 000 dinars (about $ 350) for each displaced family, with the imposition of stamp duty allocates the proceeds going to support the displaced, levied from citizens with their review of government departments.

And petro-dollar project, budget amounts to the provinces producing oil has allocated an one dollar for every barrel produced by the province, where the amounts to be paid directly to those producing provinces and refined oil .. As has been the exception Basra province dollars granting and a half dollars for every barrel of a product or a duplicate, with increase these amounts in the event of rising oil prices.

Budget trillion dinars also spotted (a little less than a billion dollars) for the reconstruction of areas damaged during military operations against al "Daash" and other amounts to the Sunni Endowment for the reconstruction of mosques destroyed in the liberated areas. And reached allocations for staff salaries and Altqaeidin to 51 trillion dinars (about $ 46 billion) allocated for security and defense 31 trillion dinars (about US $ 26 billion).

Budget and provided for reducing the number of government vehicles for senior officials, and decided to allocate 5 cars each of the heads of the Republic and the parliament and the government, and 4 cars to their deputies and each minister is Bdrjtah 3 cars, each with Undersecretary of the Ministry and Bdrjtah two cars, each general manager and Bdrjtah one car.

Budget cut of $ 150 billion to 115 billion
budget for the current value of $ amounted to about $ 115 billion after the first cut, which was continued by the value of $ 150 billion. In order to reassure the public fears of the impact of these cuts on the needs of the living and the services provided to them, the parliament speaker Salim al-Jubouri said that the budget cuts would not affect the salaries of employees or retirees or social protection network, in addition to the Ministries of Defense and Health allocations. Government and the girl in the preparation of the budget previously on the basis of a price of $ 60 per barrel of oil, but oil prices finally fell to below $ 48 a barrel, now forced her to adopt the $ 56 per barrel.  

The Iraqi government announced last week the formation of a crisis cell headed by its president and membership of Ministers of specialists to deal with the economic situation tired .. A government source said after a meeting of the Council of Ministers headed by Haider al-Abadi said the government decided to set up a crisis cell under his chairmanship and membership of the Finance Minister Hoshyar Zebari and Oil Adel Abdul-Mahdi, planning Salman Jumaili and on the Keywords governor of the Central Bank, in addition to the appearance of Mohammed Saleh Economic Adviser to the Prime Minister will determine the priorities of the government and areas of public spending and fill the budget deficit.

It also decided to set up a crisis cell in every ministry of the Ministries of State shall cut costs and seek to increase the financial resources to the public treasury. The cell will put the government's priorities and the doors of the exchange, has been delegated the use of experts and professionals in their work.