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Parliamentary Finance: We will vote on the budget next Sunday


yota691
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Economy News / Baghdad ...
 
 
He favored the vice president of the parliamentary finance committee for citizen Faleh mass sarees, next Thursday as the date to vote on the federal budget for the 2017 law.
 
He said in effect, "The committee has not completed its discussions on the budget law and therefore there are proposals submitted by members of the House of Representatives committees and stakeholders also did not afford the time until we take into consideration."
 
 
He added that "as soon as the vote on the federal budget law for 2017 next Thursday, where he will pass the law on the same day an agreement on all the forces of its paragraphs."
 
 
The board of the Presidency of the Council of Representatives decided Saturday to postpone the vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 submitted by the Finance Committee in order to allow them to mature the budget.
 
 
 
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Views 14   Date Added 27/11/2016 - 10:39   Last updated 27/11/2016 - 12:37   No. Content 5940
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Economy News / Continue ...
 
 
Financial advisor to the prime minister, Haidar al-Abbadi, warned of the possibility of bankruptcy of the pension fund, while attributing it to a "very significant increase" the number of staff recruited after the year 2003, compared to retirees, called for the need to develop a plan to ensure the sustainability of its financing and the availability of the necessary funds in it.
He said the appearance of Mohammed Saleh, in an interview, "The years after 2003 saw the application of an inverse equation where the number of appointees has increased in the state departments are very large proportion of the retirees," noting that it "has led to a decrease in contributions to the pension fund, making it fears real bankruptcy. "
And saw the benefit, that "the decline in the fund hurts financial process and benefits of a large segment of citizens unless protective action early," noting that it "includes paying the employee the remaining years of his service basis in retirement, or that his pension received by a fundamentalist, what will money to the fund in addition to other mechanisms can be taken. "  
He explained the financial advisor to Ebadi, "The IMF and the World Bank estimates, emphasizes the need to amend the pension fund and development Balnho which guarantees the continuity of funding and the availability of the necessary funds in it."
The retired state employees fund, established under Article 18 of the Unified Retirement Law No. (27) of 2006 amended, and is linked to the national retirement Authority.
 
 
 
Views 10   Date Added 27/11/2016 - 11:54   Last updated 11/27/2016 - 13:33   No. Content 5944
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History of edits:: 11/27/2016 8:12 • 467 visits readable
Parliamentary Finance suggest a date next Thursday to vote on the budget bill
{Baghdad: Euphrates News} likely vice president of the parliamentary finance committee for citizen Faleh mass sarees, next Thursday as the date to vote on the federal budget for the 2017 law.
He said in effect, told {Euphrates News} Today, " The committee has not completed its discussions on the budget law and therefore there are proposals submitted by members of the House of Representatives committees and stakeholders also did not afford the time until we take into consideration." 

He noted that " as soon as the vote on the the federal budget for 2017 law on Thursday, where he will pass the law on the same day to the agreement of all forces on the paragraphs. " 

the board of the presidency of the Council of Representatives decided Saturday to postpone the vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 submitted by the Finance Committee in order to allow an opportunity for them to mature Almoisnh.anthy p
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Parliamentary Finance: We seek to balance the support of the private sector and reduce corruption
 
 
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Economy News / Continue ...
 
 
He stressed the parliamentary finance committee member Masood Haider, Sunday, that the vision of the Commission budget in 2017 focused on the development and investment of the private sector and reduce pressure on the public sector, pointing to the existence of a real will to get out balancing reduce corruption, especially at border crossing points.
 
Haider said in an interview, said that "the Finance Committee ongoing Bnqachatha on the budget which is positive and good discussions and there are different views, but they all carry dimensions serve the interests of the country," noting that "the differences between the visions is normal and we have previous experience and ended by passing the budget accepted by all formula." 
 
 
He said Haider, "There is a focus in the current budget to encourage investment and support the private sector, as well as increasing non-oil revenue included taxes and customs fee collection form does not harm the citizen but also by improving the state institutions", stressing that "a focus on supporting the development of the customs sector and tax efforts and impose the will of the law and accounting corruption, our universe we suspect that there is corruption at border crossing points and the government to take strict measures in this regard. "
 
Haider said that "the Commission held a seminar with the Iraqi Institute for economic reform to achieve a logical vision of economic reform will be included within the budget in order to support the private sector and reduce pressure on the public sector, the state."
 
 
 
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Views 10   Date Added 11/27/2016 - 14:49   Last updated 11/27/2016 - 14:57   No. Content 5947
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Economists offer proposals on the 2017 budget

 

 

   
 

 
 


28/11/2016 0:00 

BAGHDAD / Follow - up joy pumice 
came out private financial legislation , a panel discussion with recommendations to form a special committee working to provide feedback and suggestions on the general budget for the year 2017 to the parliamentary finance committee on Tuesday to be included ahead of the vote on the law later this week. 
 Inaugurated the seminar, MP Mohammed Halbusi Chairman of the Finance Committee spoke in which he stressed that the Commission throughout its work in the past period worked on the completion of legislation on two - dimensional blend of both the legal dimension and the dimension of the ambitious and realistic , and both are needed to Zuma duty can not be compromised in one or surpassed. 
 He noted that the idea of establishing a forum of financial legislation was launched from the urgent need to the need for the process twinning between effort Parliamentary and effort and academic Brati, which will lead to important results through joint dialogues based on consultation and advising them to serve practical and 
 legislative. 
among Halbusi that the committee of the first entrepreneurs to civil society participation in Althaorwalchaor this direct way and through discussion detailed, the Commission will on sustain this effort for the remainder of the current parliamentary session and continue later to be this trend a good year for all the committees by sharing elite intellectual and academic in the production of legislation that need to be more scientific and technical support. He 
also said that " the burden of responsibility lies on experts, academics and economists whose by providing advice and counseling to the draft budget and supporting ideas and observations and experiences to reach the optimal situation in which we aspire to reach the budget to it , "stressing that" it is necessary to touch the budget , the social aspect and that touches the citizen in relation to direct their difficulties, and not get caught up operational dimensions and public investment and neglect the basic needs citizen living within the support programs 
 of the individual. " For his part, Mohammed Darraji and former industry minister and minerals called "interest in the industrial and agricultural sectors in the budget and provide support and increase allocations for agricultural and industrial projects and give loans for the implementation of these projects , " she called to stop the wastage in the ration card allocations and an end to the currency auction and find other alternatives to sell the currency to curb smuggling, as well as the importance of the subject to encourage investment, particularly in the areas of health, housing and overcome the routines in front of investors. in 
 turn, the head of the Iraqi economic Council , Ibrahim al - Baghdadi urged to pay attention to the private sector in the budgets approved by the House of Representatives by increasing the support and the provision of loans to the private sector to set up projects , asserting that " the lack of real support for the private sector , which has become a target and has many Mazlomyat and take the necessary steps to develop steps because the current steps to support it is 
real." 
He called for speeding in the securities exchange for contractors and to stay the proceedings that led to the suspension a number of laboratories and government factories, including a laboratory steel and iron in Basra and assembly of cars in Alexandria. 
MP Haitham al - Jubouri , he recalled that " the budget written purely financial formula isjust written figures do not take Bnzeraloattabaraganb Economist", adding "there are a lot of political pressure behind the lack of interest in local and private industry sector." 
He said Jubouri , "the existence of cases of corruption behind the futility of applying the new tariffs at border crossing points , " revealing " a plan to take control of these ports electronically through cooperation and coordination with a number of academics 
 and specialists." 

then began the work discussion seminar, as Dr. Kamal Al- Basri , director of the Iraqi Institute economic reform paper entitled (political economy dimensions of the federal budget) and ensure that the most important drawbacks of the budget and the weaknesses of the political dimension of competition and narrow interests they contain, as well as to compare the budgets of a number of other countries.
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Parliament will vote tomorrow on the 2017 budget law

Political

 Since 11/27/2016 23:47 pm (Baghdad time)

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Baghdad balances News

Iraqi Council of Representatives included a vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 on Monday session agenda .

And a statement of the presidium of the parliament said that " the meeting agenda of business on Monday also includes voting in principle to the first draft amendment to the law of the amnesty law No. (27) for the year 2016 .

The statement added that " The Council also will vote on the candidates of the investigative committee regarding the review of all leases and investment of the marshes and waters ."

And will witness the meeting , " a report of the Legal Committee on the work of the election commission and the number of board members and district and provincial elections and the elections , the House of Representatives and the report and discuss the draft Iraqi Commission for the adoption of a law, and the continuing debate on the draft Commercial Agency Regulatory Act, and report and discuss the proposed law to the board of Media and Communications ."

The House of Representatives had voted at its meeting on Saturday, in the form of the popular crowd Act, which the Council approved the law by a majority of the crowd 208 MPs from different blocs, a move resented by Sunni leaders .

 

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History of edits:: 11/27/2016 22:35 • 121 visits readable
Parliament will vote tomorrow on the 2017 budget and amending general amnesty
[Oan- Baghdad] 
House of Representatives held, its regular, on Monday, to vote and the reading of a number of draft laws.
It includes tomorrow 's meeting agenda "vote on the draft Arms Act, and vote on the draft general budget of the Federal Republic of Iraq for the fiscal year 2017 Act, voting in principle to the draft amendment law of the first to the Amnesty Law No. 27 of 2016". It 
also includes "vote on a resolution particularly the inclusion of the Syrian nationalism in the national information of the card form, and vote on the candidates of the investigative committee regarding the review of all leases and investment marshes and water features. " , 
and will see the session" a report of the legal Committee on the work of the election commission and the number of board members and district and provincial elections and the elections , the House of Representatives and the report and discuss
project Iraqi Commission for adoption of a law, and the continuing debate on the draft law regulating the commercial agency, and report and discuss the proposed law to the board of media and communications. "
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Well they've moved it back to Tommorrow instead of Thursday, I'm guessing they got all these agreements settled over the weekend. Could there be a surprise to some of the laws to be voted on, I'm thinking yes. The timing of this vote is what's I've been watching the last couple of weeks. I like it.....

Thanks Yota for all the articles you post....

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13 minutes ago, Reverse-Pumper said:

I don't mean to sound negative, just an innocent question...

 

Why is the budget important at all to our investment? What is there to be so hyped about with this?

 

They passed a budget last year too...

I don't mean to sound negative....but what does Reverse-Pumper mean/stand for?

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History of edits:: 28.11.2016 16:43 • 230 visits readable
Parliamentary Legal: Holiday legislative term will not begin until after the adoption of the budget
{Baghdad} Euphrates News confirmed the legal committee member of the parliamentary Salim Chawki that the next legislative term holiday will start only after the adoption of the budget.
Said Shawki told {Euphrates News} Monday, that "this chapter is at its end, which prevents its end on 01.01.2017 is the issue of the budget where it is not permitted to go to the legislative term holiday until after the adoption of the budget." 
He said it "will not be there important laws include the agenda of the meeting, but will be carried over to the next legislative season because of the proximity of legislative recess. 
the board of the presidency of the Council of Representatives decided on Saturday to postpone the vote on the draft general budget of the Federal Republic of Iraq for fiscal year 2017 submitted by the Finance Committee in order to allow an opportunity for them to mature Almoisnh.anthy p
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On ‎11‎/‎24‎/‎2016 at 1:42 PM, 10 YEARS LATER said:

- yet again the Can gets kicked down the road.

10 years, you are spot on !! I went back to the news starting in 2016 and these folks do nothing but talk and procrastinate. This is what will happen: they MAY vote the budget on December 1st, but historically they will play mind games with each other, finally vote and then head for the hills (because they have worked so hard and those other important laws, well they're not so important with a 30-day break in front of them). Then they will set a mid January return of parliament and talk about all the BIG laws needing attention that they will tackle (ie: they said the HCL was a priority LAST January). And when they return it will be the same old same old. Barely make a quorum and vote on laws governing camel parking and more holidays. This is their reality. Pathetic. Can't wait till a new rate comes and I don't need to have anything more to do with Iraq. I'm not negative, just realistic.

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