Parliament begins first reading of the budget in 2017

[yota691]

Parliamentary Finance: parliamentary directed to amend paragraphs budget 2017

History of edits:: 26.10.2016 14:02 • 41 visits readable

{Baghdad: Euphrates News} A member of the Finance Committee, Jabbar al-Abadi, a tendency within the House of Representatives to make some amendments to the paragraphs of the budget next year, 2017.

Ebadi said in a statement to Agence {Euphrates News} Wednesday, " The 2017 budget was read on Monday, and like its predecessors , has been the development of indicators related to reducing expenses by several things." 
And that " We must put a permanent law includes financial deductions and tax both on the mobile phone networks or reduce the number of cars of the three presidencies and others , "pointing out that" Moanh law ends at December 31 / each year, Vdharora put a fixed law of the expenses. " 
said Abadi , that" the House of Representatives purports to make a lot of adjustments on the state budget for next year, Mushir that "section of the previous amendments taken by the government as a basis for future budgets, he divided the paragraphs contained in last year 's budget by the parliament and put as legislation from the government in the new budget." 
the House of Representatives ended, last Monday, the first reading of the draft federal budget law for next year 2017 . 
according to the budget bill , which was sent by the cabinet to the parliament, the "income forecast 79 billion dinars, and at a price of $ 42 per barrel, and by 3.75 million barrels per day, and at a price of 1182 exchange rate to the dollar." 
He said the draft law that " the budget the Kurdistan region in the general budget for 2017 that have been sent by the cabinet to the parliament of {17%} to be dues of oil companies in the region , including. " 
among the draft budget law for next year 2017 which was sent by the cabinet to the parliament that" Champions popular crowd salaries will be deducted from the rate of 4.8% of all employees and pensioners to support the popular crowd and displaced persons ".anthy 1

[sandfly]

THANKS YOTA

[yota691]

2017 budget devoid of import cars, alcoholic beverages, taxes, customs tariffs

History of edits:: 27/10/2016 11:57 • 217 visits readable

[Oan- Baghdad] 
except the draft federal budget law for fiscal 2017 set out by the Council of Ministers and read by the House of Representatives, on Monday, such as reading the first of some paragraphs contained in the budget of the current 2016 Law in force.

In a comparison conducted by the agency all of Iraq [where] between the draft 2017 budget law and the law of 2016 budget, it was noted the abolition of the government to impose a sales tax on some imported goods such as cars, as contained in Article 24 / b in the budget year 2016, which stipulates: impose a sales tax on imported goods and it works out until activating the law of customs tariff, on: 
1 - cars of all kinds 5% shall be collected upon registration in the traffic circles. 
2. tobaccos and cigarettes 100% and charged to the General Authority for taxes. 
3. alcoholic beverages , 100% and charged to the General Authority for taxes. 
as deserted budget 2017 Almsudh- of activating the law of customs tariff, as set out in Article 24 / c, of the 2016 budget law, which stipulates: deactivate customs tariff No. 22 of the law of 2010 amended the law of consumer No. 1 Protection for the year 2010 and the Law on Protection of Iraqi products No. 11 for the year 2010 to be applied to all border crossing points to achieve justice. " 
it is said that the House of Representatives had approved at its last Saturday and imports of municipal law and ensure that , prohibit the import, manufacture and sale of alcoholic beverages of all kinds, and the imposition of the death of each one who violates the ban a fine of not less than 10 millions of dinars and not more than 25 million dinars. 
this has raised the parliamentary resolution and a popular political debate between supporters and opponents.

 

[yota691]

2017 budget include a five-year leave of the employee salary of call

History of edits:: 28.10.2016 12:05 • 100 visits readable

[Oan- Baghdad] to 
ensure the draft federal budget law for fiscal 2017 set out by the Council of Ministers and read by the House of Representatives, on Monday, a preliminary draft law to grant the employee as reading a five - year leave.

And is stated in Article 39 / I: the concerned minister or the head of the body is related to the Ministry or the Governor or his nominee none of them grants from completed five years actual duration of the job of the staff paid leave my name for five years and be without pay because increased for five years and be counted for the purposes of retirement to pay the arrests pension complete within a period of enjoyment of leave and aggregated approval of the Prime Minister , if the employee rank of director general or above. " 
the Council of Ministers, voted at its meeting on 6 of last September, the" grant project officer for a long vacation routine which Dqgah Law Council State Shura and forwarded to the House of Representatives based on the provisions of articles 61 item first and 80 the second clause of the Constitution. " 
the Prime Minister said Haider al - Abadi, said that" granting the license for employees would be optional, not mandatory and to facilitate the pressure on employees and job grades on the state and there are staff want to leave and we now we have opened the door to them for that, "adding that" the license will be calculated for the purposes of his retirement by discounting the benefits of it. "

[yota691]

2017 budget: increase the proportion of salaries deducted for the expenses of the popular crowd and displaced

History of edits:: 28.10.2016 12:17 • 99 visits readable

[Oan- Baghdad] 
revealed the draft federal budget law for fiscal 2017 set out by the Council of Ministers and read by the House of Representatives, on Monday, the first increase in the percentage of deduction from employees ' salaries for the expenses of the popular crowd and displaced as reading.

And is stated in Article 34 / I: deducted ratio [4.8%] of the total salaries and allowances for all state employees and the public sector and pensioners all to meet the state 's needs from the popular crowd and relief to the displaced and other expenses Among the allocations earmarked within the federal budget for the current year. " 
Second: The Government is committed to region Kurdistan deduct ratio [4.8%] of the total salaries and allowances of all employees and retirees in the Kurdistan region to meet the needs of the region , including the needs of the Peshmerga forces out of the region 's share amounting to (17%) included in the federal budget for the current year. 
the budget of 2016, which included a percentage of the deduction for salaries 3%, the disposal of 60% of the popular crowd, and 40% for the displaced, and the same percentage [3%] in Kurdistan Peshmerga.

 

[yota691]

Economist: 2017 budget to meet its obligations with the private sector

 

 

Economy News / Baghdad ...       Said economist Ahmed Abrihi, that year's budget in 2017 is an extension of the 2016 budget, noting that the new budget is able to fulfill its contractual obligations with private contractors, farmers and peasants to pay their dues implications for years. He Abrihi in an interview for "Economy News" it was necessary to mention in paragraphs 2017 GDP rates of the budget and rates of entry of foreign investment and the contribution of domestic investment and indicators of the balance of external payments, calling on the House of Representatives to be careful in making public budget on track and address macroeconomic aspects of Iraq, especially the fight against poverty and reduce unemployment. He explained that the issue of the deficit in the new budget and ways of financing, the deficit represents the amount of government demand is financed by borrowing or lose government funds that exchange liquidity to finance the deficit, when borrowing deficit financed in the conditions and controls lead to a lose-oriented private sector credit, or the total requested by the same deficit it means removal of resources from the private sector to the government sector. He said the deficit financing from abroad do not resort to him governments usually only if accompanied by a large deficit in the balance of payments are not enough reserves to filled, meaning that borrowing from abroad is intended to avoid foreign currency shortages. He added that the budget 2017 is able to pay employees and retirees' salaries and payments to the families of martyrs and sustain the battlefield momentum against "Daesh" and secure the benefits of farmers, but it remains an important aspect of which is that the accumulation of budget deficits lead to economic problems could lead to a critical situation. He pointed out that it is necessary that the government take rapid and sound processors in the first subject of the revitalization of the private sector and embark on privatization and gradual manner and the fight against financial and administrative corruption which is similar to the black holes that eat away at the body of the Iraqi economy. He said, the reform of public finance sector process that includes a package of measures needed to address the imbalance and measures on both sides of the general budget, expenditure and revenue, so requires improving aspects of public spending and the use of optimal use of resources and reduce the size of spending technology without harming the poor class.
Views 10   Date Added 30/10/2016 - 8:39   last updated 30/10/2016 - 12:17   No. Content 5613

[Big_J]

GM YOTA AND DV. 

[ChuckFinley]

Thanks Yota. Seems like the a lot of fine tuning to make sure things move smoothly through the voting process.

[yota691]

Kurdish change: We seek to address the inclusion of the Kurdistan salaries in 2017 budget

 

Monday, 31 October 2016 10:16

 

 

 

 

 

 

Alsumaria News / Sulaymaniyah  confirmed the mass change in the Iraqi parliament member Hoshyar Abdullah , Monday, that the bloc is seeking to find a solution to the problem of the region salaries within the budget year 2017, expressing the hope that all members of the Kurdish blocs , "agrees away from the agendas of the party" and work for salaries guarantee territory officials.  Abdullah said in a statement received, Alsumaria News, a copy of it, that "block change trying to cross a special project for the inclusion of the territory salaries problem of Kurdistan within the 2017 budget discussions , " and expressed "hope that all members of the Kurdish blocs agree away from agendas party and work for the salaries of the staff to ensure the region. "       I consider Abdullah, to "discuss the 2017 real chance budget to address the problem of salaries , " adding that "it is difficult to Astmrarhzh situation in which Kurdish society is undergoing."  The Kurdistan Regional Government announced earlier this year to cut part of the employees ' salaries as they were unable to pay arrears salaries of its employees since last September 2015 because of the financial crisis in the Kurdistan region.

[yota691]

Sheikh Hamoudi calls to amend the budget and tightening measures to support local industry

History of edits:: 11.01.2016 11:47 • 34 visits readable

{Baghdad: Euphrates News} The member of the board of the Presidency of the Council of Representatives, Sheikh Hamoudi, the competent parliamentary committees to adopt the proposal of the Ministry of Industry and Minerals, the private amending articles 28 and 36 of the draft federal budget for 2017 Act.

He said Sheikh Hammoudi, said in a statement the agency {Euphrates News}, a copy of it, that "received one of the amendments would require state institutions to secure their needs from the local product, rather than imported in support of the Iraqi national industry and to maximize the financial state of resources." 
He explained that " the Second Amendment is conducive to exempt material preliminary imported components for productive purposes for the public sector companies from customs duties , "adding that" the House of Representatives will enhance its oversight role over the institutions that will not commit to supporting the national product procedures and did not care about the financial crisis faced by the country, and there will be decisive in this regard decisions. " 
He stressed Sheikh Hammoudi, "will remain supportive of the domestic product in all his joints, there is no way for us to develop the country and the face of the financial crisis only to activate the local product and reducing the import and operation of the hand of the Iraqi labor efficient." 
Sheikh Hammoudi confirmed in 19 of last October, that the House will take action against the ignores local product support decisions. It is 
noteworthy that, the House of Representatives ended on 24 October last, the first reading of the draft next year 's budget law 2017.anthy