Complementary Budget

[dinareffic]

Parliamentary Finance: the coming days will bring good news for employees


09:09 - 07/16/2017


Parliamentary Finance Committee revealed Sunday, about a shortage of some of the financial budget for the current year terms caused the lack of salaries of state employees, noting that the supplementary budget will be approved in the coming days will solve the crisis.

The committee member said Magda Tamimi, in a statement / information /, said that "the general budget saw a financial imbalance in securing the salaries of employees in seven units will be remedied in the coming days."

Tamimi added that "the supplementary budget to be discussed in the House of Representatives in the coming days will provide the amounts as planned in the budget," indicating that "the country Aishd financial crisis but administrative corruption and the dominance of some influential parties on customs and caused a shortage in tax money."

The member of the Finance Committee in the House of Representatives Magda Tamimi revealed on Saturday, was seeking to cancel the deduction of employees' salaries after the liberation of Mosul operations. Finished / 25 d

http://www.almaalomah.com/2017/07/16/175428/

[NEPatriotsFan1]

Hopefully it will bring foreign investors who believed in this little war torn country,  some good news in the coming days  too

[King Bean]

I feel pretty sorry if those sad state employees are waiting on the HOR group. They'd be hard pressed to pass GAS after a chili cook-off, much less anything beneficial to citizens....unless it has to do with soccer. Good luck.

[SnowGlobe7]

50 minutes ago, gregp said:

This has some serious meat to it. 

[DinarThug]

If U Don't Eat Ur Meat - U Can't Have Any Pudding !  

 

     

 

[SnowGlobe7]

good one

[DinarThug]

16 minutes ago, DinarThug said:

If U Don't Eat Ur Meat - U Can't Have Any Pudding !  

 

All In All This Investment's Just Another - Kick In The Bawls ! 

     

 

[Officiallytook]

http://dinarvets.com/forums/index.php?/topic/241385-united-states-cooperation-between-erbil-and-baghdad-contributed-to-the-victory-of-mosul-battle/

 

Add above article with this link...and they may know something to come...shows stability security and united govt... winning...

Edited July 17, 2017 by Officiallytook

[Reverse-Pumper]

That sucks...

 

"The coming days" doesn't that mean in like 12 years in Iraq?

[King Bean]

13 hours ago, gregp said:

This has some serious meat to it. 

 

                          Montana size it !! 150 ounces of heaven.

[nannab]

 OMG !!!!  I'm coming to Montana for lunch with a giant with doggy bag.!! The perfect meal meat fry's mushrooms and even 

onion rings!!!!  Now I know where the beef is.  KB

[yota691]

Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget

 

Tuesday July 18, 2017 12:25

 

Alsumaria News / Baghdad  A member of the Parliamentary Finance Committee MP Masood Haider, Tuesday, about the existence of a binding requirement for the government to pass the supplementary budget before the end of this month and included amounts of investment expenditure for the reconstruction of basic projects liberated areas, adding that the budget in the absence of completion specified period Vsiqta Fund Monetary and economic support for Iraq.  Haider said in an interview with Alsumaria's News, he said that " the Finance Committee represented by three deputies debated with the government on the supplementary budget, was during the discussions put the proportion of the 3% deducted from the salaries of employees to support the popular crowd and displaced people , " noting that " the government 's view was that the figure represented revenues are present and cancel all the budget would upset. "     He added Haidar, said that " the Commission has embarked on a discussion of the draft and there will be modified and the decision of it and then be the final decision of the House of Representatives during the vote session , " pointing out that " the amendment included increasing the budget in the amount of seven trillion dinars , of which has been allocated 3 trillion for the expenses of the investment."  He said, " The budget deficit of the Federal fiscal year 2017 were 21 trillion dinars , but now and in the supplementary budget would be after raising the price of a barrel of oil to $ 44.4 Maisawi 25 trillion dinars as representing approximately 18% , " adding that " the supplementary budget came at the request of the Fund international Monetary and , if not completed and voted on before the end of this month, the IMF will stop supporting Iraq . "  He said Haider, "One of the conditions of the World Bank in the supplementary budget that is allocated increase expenditure investment for the reconstruction of basic projects in the liberated areas , stations of water, electricity, sanitation, hospitals, schools and desalination to provide an appropriate atmosphere to encourage displaced families in order to return to their regions , " explaining that " the amount allocated in the supplementary budget for the reconstruction of the liberated areas is three trillion and 300 billion dinars. "  He was a member of the Legal Committee of the Parliamentary Secretary Bakerrevealed on Saturday (July 8 2017), details of the draft law amending the budget for fiscal year 2017 law, noting that the price of a barrel of oil within the adjustment of $ 44.4, with total oil exports , the rate of three million and 750 thousand barrels per day of including 250 thousand barrels of the Kurdistan region.

[yota691]

Iraqi MP 107 trillion dinars increase in federal budget

The side of the Iraqi Council of Representatives meeting during the vote on the federal budget law

 

 July 16, 2017 15:52

Direct : A member of the Iraqi Parliamentary Finance Committee, on Sunday, the existence of an increase in the federal budget state by 107 trillion dinars, citing Iraqi News Agency "INA". 

He explained Masood Haider, the federal government changed the state budget in the price of oil from $ 42 to become USD 44.4. 

He said Haider: "quantities of oil exported about 3.75 million barrels of oil, including that territory," according to the "conscious".

Discusses the Iraqi Council of Representatives is also said Haider, the supplementary budget of the state. 

Haider pointed to a surplus in the budget rose 100 trillion dinars to 107 trillion dinars. 

As Zhadat revenue of 79 trillion dinars to 83 trillion dinars, the growth in the budget, equivalent to 7%, according to the agency. 

Haidar completed, saying: "There is also an increase in spending, which in turn led to an increase in the deficit." 

The deficit in the state budget 25 trillion dinars, compared to the previous to its level and 21-trillion dinars, according to the agency.  

MP said that it has been allocated 3 trillion investment expenditures for the liberated areas of the organization Daesh. 

Haider ended his speech explaining that Baghdad will integrate this supplementary budget with the materials that have been challenged by the Iraqi government, through talks with the Ministry of Finance and the state government. 

It is noteworthy that the Iraqi Finance Budget Law for the year 2017, was voted on by the House of Representatives on 7 December last year, was applied on January 1, 2017. 

[yota691]

Iraqi Central Bank Governor: the state budget deficit in 2017

To the left of the picture Ali Mohsen Ismail, the governor of the Iraqi Central

 

 July 18, 2017 11:55

Direct said Governor of the Central Bank of Iraq, said that the balance of payments problems facing the country, especially the deficit in the budget year 2017. 

He said Ali Mohsen Ismail, according to a statement on the website of the Iraqi Central Bank, the deficit in the current year's budget led to the instability of the state budget. 

He said Ismail: "The reason is to increase reliance on funds that come from abroad from those inside the size." 

The shortfall referred to as mentioned, pressure on the Central Bank of Iraq; the lack of Baghdad, is currently able to enter foreign currency as well as funds received from oil investments. 

For his part, warned the Director-General of the financial operations of the Central Bank of Iraq, the threat to monetary Iraqi reality represented in the creation of assets and reserves dinar, according to the National Iraqi News Agency. 

He explained Mahmoud Dagher, that danger is to pressure local assets, pointing to the lack of the central system's ability to continuity about the status quo. 

Dagher completed his remarks, saying: "now equal or exceed local credit assets on foreign assets, and this threatens the ability to additional lending."

He revealed a member of Iraq 's first parliamentary finance committee yesterday, about the existence of anincrease in the federal budget state by 107 trillion dinars . 

It was the vote on the budget bill for the year 2017, by the House of Representatives on 7 December last year, it was applied on January 1, 2017. 

[yota691]

07/19/2017 (00:01 pm)   -   Number of readings: 284   -   Issue (3973)

 

 

Baeraki

 

Parliamentary Finance: warns IMF stopped supporting Iraq because of the supplementary budget

The member of the Parliamentary Finance Committee MP Masood Haider, on Tuesday, the existence of a binding requirement for the government to pass the supplementary budget before the end of this month and included amounts of investment expenditure for the reconstruction of basic projects liberated areas, pointing out that, the budget if not completed the specified period, Vsiqta Monetary Fund economic support for Iraq, Haider said in a press statement, said that the Finance Committee represented by three MPs debated with the government on the supplementary budget, were put forward during the discussions ratio of 3% deducted from the salaries of employees to support the popular crowd and displaced people, "it was the opinion of Go Of that percentage represented existing revenues and cancel all the budget would upset. "

[mr.unlikely]

On 7/16/2017 at 7:26 PM, DinarThug said:

If U Don't Eat Ur Meat - U Can't Have Any Pudding !  

 

     

 

How can you have any pudding, if you don't eat your meat? Call the school master!

[yota691]

POSTED ON 07/18/2017 BY VBULLETIN® SOTALIRAQ

Masood Haider warns IMF stopped supporting Iraq because of the supplementary budget

 

A member of the Parliamentary Finance Committee MP Masood Haider, Tuesday, about the existence of a binding requirement for the government to pass the supplementary budget before the end of this month and included amounts of investment expenditure for the reconstruction of basic projects liberated areas, adding that the budget if not completed the specified period Vsiqta IMF economic support for Iraq .

Haider said that "the Finance Committee represented by three deputies debated with the government on the supplementary budget, was during the discussions put the proportion of the 3% deducted from the salaries of employees to support the popular crowd and displaced people," noting that "the government's view was that the figure represented an existing revenue and cancellation would upset all the budget ".

He added Haidar, said that "the Commission has embarked on a discussion of the draft and there will be modified and the decision of it and then be the final decision of the House of Representatives during the vote session," pointing out that "the amendment included increasing the budget in the amount of seven trillion dinars, of which has been allocated 3 trillion for the expenses of the investment."

He said, "The budget deficit of the Federal fiscal year 2017 were 21 trillion dinars, but now and in the supplementary budget would be after raising the price of a barrel of oil to $ 44.4 Maisawi 25 trillion dinars as representing approximately 18%," adding that "the supplementary budget came at the request of the Fund international Monetary and, if not completed and voted on before the end of this month, the IMF will stop supporting Iraq. "

He said Haider, "One of the World Bank conditions in the supplementary budget that is allocated increase expenditure investment for the reconstruction of basic projects in the liberated areas, stations of water, electricity, sanitation, hospitals, schools and desalination to provide an appropriate atmosphere to encourage displaced families in order to return to their regions," explaining that "the amount allocated in the supplementary budget for the reconstruction of the liberated areas is three trillion and 300 billion dinars. "

He was a member of the Legal Committee of the Parliamentary Secretary Baker revealed on Saturday (July 8 2017), details of the draft law amending the budget for fiscal year 2017 law, noting that the price of a barrel of oil within the adjustment of $ 44.4, with total oil exports, the rate of three million and 750 thousand barrels per day of including 250 thousand barrels of the Kurdistan region.

[yota691]

2017/07/24 (00:01 PM)   -   Number of readings: 188   -   Number (3977)

 

 

Parliamentary budget: surplus of the supplementary budget will not fill the deficit

 The range / Zahraa al-Jassim 
 

After its approval on 22-6-2017, by the Council of Ministers and forwarded to the House of Representatives, the parliamentary finance confirms that the surplus in the supplementary budget adjusted by the government estimated at 7 trillions dinars, 3 trillions and 500 billion dinars, about the oil sales teams than estimated in the budget The federal budget for the year 2017, 3 trillions and 500 billion dinars, which is the result of the reduction of expenditure and the transfer of some doors, and where some are wondering about the possibility of the Central Bank to lend what amounts to the government to cope with the financial crisis experienced by, based on the existence of this surplus, The government lends money to repay it And the bonds at a discount to banks lent the government, thus he does not seize the opportunity comes in the case of a surplus in the budget to the government demanding certain things. 

According to a member of the Committee on Economy and Investment parliamentary Najiba Najib in an interview for (range), the supplementary budget, which was amended by the government and reached the parliament recently estimated surplus of 7 trillion dinars, 3 trillion and 500 billion dinars for the difference in oil sales, For the year 2017 was $ 42 a barrel, at the time of sale of oil in the past six months of $ 6.44 per barrel, and the result of this increase in the revenues of the state, adding: There is also another amount estimated at 3 trillion and 500 billion dinars, And moving some doors, and these are all مجت Ah became 7 trillion dinars, sent a supplementary budget to the Parliament of revisionism by the government. 

Najib pointed out that these surplus amounts have been offset by the operational and investment expenses, represented by the entitlements of farmers and retirees, and the second investment, which was the entitlements of contractors and electricity projects, which was certainly based on the recommendations of the International Monetary Fund. 
It seems that the excess amounts will not reduce the deficit in the federal budget for 2017, as some believe that the government faces many financial commitments and large, as Najiba Najib, asserting at the same time: that the talk about the possibility of this surplus if the oil prices rebounded to the top The price of oil in the current budget is estimated at $ 6.44, meaning that there is a significant increase in the revenues of the state, because we estimated at the beginning of the year the price of oil per barrel " 
But it has risen to more than 44, and this indicates that the price in the rise, is steady: Will the future increase in the price of a barrel of oil or not it certainly remains subject to expectations, and believes that the price in 2018 may exceed the "$ 50 per barrel, On the possibility of the Central Bank to recover the amounts lent to the government to face the financial crisis experienced by the country based on this surplus and what is expected in the future after the increase in oil prices, said the Director General of the Department of Issuance and Treasury in the Central Bank, Ihsan Shamran Al-Yasiri said in an interview with Al-Mada, Alomat which has not yet found any surplus, but there are no indications even so, continuing: This surplus may occur in the future after the rise in oil prices, but now also the barrel of oil stable at a certain price, even in the case of a surplus in the Iraqi state budget after the rise in prices and hope that it is surplus goes to the Ministry of Finance and not the Central Bank, as some believe. 
"There is no surplus but on the contrary there is a supplementary budget for the existence of very urgent spending on the Iraqi state and the funds were collected for the purpose of strengthening the supplementary budget for 2017, and on some wondered whether in the case of a surplus in the Iraqi budget will return this surplus to the Central Bank to meet the amounts I lend to the government? , Shamran says here should be corrected that the central bank did not lend to the government, but he has deducted bonds to banks lent the government, which means that he deducted the public debt securities, and this process in the financial situation experienced by Iraq can not be dealt with according to one principle one, when he recovers Financial situation For Iraq to be a modern incident according to the expression " , Pointing out that any surplus today in the budget fills the deficit, which amounted to more than 21 trillion Iraqis because each surplus must strengthen this deficit, however: We do not expect to have surplus over this amount. 
In his opinion, the Central Bank of the State Bank, and if it had not been for the last four years, we would have witnessed great problems for the State, and the Central Bank does not seize opportunities and comes in the case of a surplus in the budget. Yes, it is not the government's money, but it is the state's money, and when the economy recovers, the deficit is covered for each new incident. 
The Cabinet approved in its ordinary session on 22-6-2017, headed by Prime Minister Haider Abadi, a supplementary budget for the year 2017, and pointed out in a statement that the approval was made on the draft law of the federal supplementary budget for the fiscal year 2017 and referred to the House of Representatives. 
The deficit in the federal budget for the fiscal year 2017, 21 trillion dinars, but now within the supplementary budget will be after raising the price of a barrel of oil to 44.4 dollars Maisawi 25 trillion dinars by about 18%, "according to the supplementary budget, which came at the request of the International Monetary Fund Specialists.

[yota691]

"Economy News" publishes the amendment of the Financial Budget Act of 2017

House of Representatives "Internet"

Economy News Baghdad:  Published "Economy News" Law amending the Federal Budget Law No. (44) for the year 2017, which was approved by the House of Representatives on Monday. And the details of the law:   In the name of the people Presidency On the basis of what was approved by the House of Representatives and ratified by the President of the Republic based on the provisions of item (I) of Article (61) and Article (III) of Article (73) of the Constitution The following law was issued: No. (2017) Law amending the Federal Budget Law No. 44 of 2017 Chapter One Revenue Article (1): The text of Article (1) of Article (1) of the Law shall be amended to read as follows: Article 1 - A- Revenues of the Federal General Budget for the fiscal year 2017 are estimated to be (82,069,669,668) thousand dinars (eighty two trillion nine hundred and sixty six billion six hundred and sixty six hundred and sixty-eight thousand dinars) as shown in table (a) Revenues according to the main accounts) attached to this law. B - Calculation of the revenues from the export of crude oil based on the average price of (44.4) (forty four dollars and forty cents) per barrel and the export rate of (3750000) barrels per day (three million seven hundred and fifty thousand barrels per day), including (250000) barrels Daily (two hundred and fifty thousand barrels per day) for the quantities of crude oil produced in the province of Kurdistan and (300000) (three hundred thousand barrels per day) for the quantities of crude oil produced through the province of Kirkuk on the basis of the exchange rate (1182) dinars per dollar and all revenues actually achieved Final revenue for the state treasury. Chapter II Expenditure and disability Article (2): Amend the text of the two items (First: Expenses A, B, C, D, E) and (II) Disability A, C, E of Article 2 of this Law, Article 2 / First: Expenses) of this law and delete paragraph (f) of Article (2 / II: Disability) of this law, To be as follows: First: Expenditure - The amount of (107,089,521,545) thousand dinars (one hundred and seven trillion and ninety-nine billion five hundred and twenty-one million and five hundred and fifty-five thousand dinars) for the expenses adjusted by the ministries for the fiscal year 2017 and distributed according to field (12)  Expenditure adjusted by the ministries for the year 2017) attached to this law. A) The amount of (28,531,686,499) thousand dinars (twenty-eight trillion five hundred and thirty-one billion six hundred and eighty-six million nine hundred and ninety-nine thousand dinars) for the expenditure of investment projects adjusted for the fiscal year 2017 distributed according to field (8 / Expenditure adjusted by the ministries for the year 2017) attached to this law.  The amount of (78,557,835,046) thousand dinars (eighty-eight trillion, five hundred and fifty-seven billion eight hundred and thirty-five million and forty-six thousand dinars) distributed according to field (4 / adjusted operating expenses) of the table / Law. C- An amount of (112,906,151) thousand dinars (one hundred and twelve billion nine hundred and six million one hundred and fifty-one thousand dinars) shall be allocated to the contingency reserve within the appropriations of other expenses for the budget of the Federal Ministry of Finance out of the allocations referred to in item (I-B) referred to above And the Council of Ministers to increase the amount mentioned no more than double to cover the expenses of the network of social protection and popular mobilization by half. (D) An amount of JD (375,000,000) shall be allocated for the reconstruction and development of the projects of the regions and governorates, including the Kurdistan Region, out of the allocations referred to in Article (1 / A) of Article (2). 1- The Governor shall submit the reconstruction plan of the Governorate and the districts and sub-districts approved by the Council of the province, depending on the plans set by the districts and districts to the Federal Ministry of Planning for the purpose of study and approval to take into account the most affected areas within the province and to distribute allocations to maintain districts (15%) (15%) of governorate allocations and 5% (5%) of poverty reduction strategy projects. 2. The Governor shall exclusively implement the approved reconstruction plan and the Governorate Council shall be responsible for monitoring implementation. G- 1- The amount of (4,733,011,088) thousand dinars (four trillion seven hundred and thirty-three billion and eleven million eight hundred and eighty thousand dinars) shall be allocated to the current expenses and according to Column No. (2) in Table (b). 2- The amount of (1,186,310,379) thousand dinars (trillion, one hundred and sixty-eight billion, three hundred and ten million, three hundred and seventy-nine thousand dinars) of the current expenditures and according to Column No. (3) in Table (B). 3- The amount of (8,792,463,622) thousand dinars (eight trillion seven hundred ninety-two billion four hundred and sixty-three million six hundred and twenty-two thousand dinars) shall be allocated to the investment expenses and according to Column No. (6) in Table (B). 4. The amount of (5,714,795,123) thousand dinars (five trillion seven hundred and fourteen billion seven hundred and ninety-five million one hundred and twenty-three thousand dinars) shall be deducted from the investment expenditures and according to Column No. (7) in Table (b). II. Disability: The total deficit planned for the federal budget for the fiscal year 2017 (25,019,851,877) thousand dinars (twenty five trillion and nineteen billion eight hundred and fifty-one million eight hundred and seventy-seven thousand dinars) according to the details shown in the following table: Amount (thousand dinars) Vocabulary Revised budget estimates 1 = (A +  Total revenue 82,069,669,668 Oil revenues: 71,833,095,000 B Non-oil revenues 10,236,574,668 2 = (A +  Total expenditure 107,089,521,545 A Current expenditure 78,557,835,046 B Total investment expenditure 28,531,686,499 - Investment expenditure from Treasury 24,028,124,659 - Investment expenditure through foreign loans 4,503,561,840 Total planned deficit 25,019,851,877 Finance gap financing (deficit) A. Accounts balances of ministries and entities not associated with the Ministry of government banks 641,607,059 B The balance of the account of the Ministry of Finance 1,000,000,000 C National Bonds for the public 3,001,673,274 D - Treasury bonds and remittances to government banks and deducting with the Central Bank of Iraq 5,500,000,000 E The World Bank loan to support system" rel="">support the budget 1,182,000,000 The IMF loan to support system" rel="">support the budget 2,009,400,000 G. JICA loan to support system" rel="">support budget 323,000,000 Loans secured by the UK, Canada through the World Bank 413.7 million I Foreign bonds 2,364,000,000 The EU loan is € 118,200,000 Transfers by commercial banks 3,430,809,704 M Loan (JBIC) 59,100,000 N World Bank loan / projects 242,310,000 US loan for the purpose of arming 1,043,706,000 The British loan (export loan) is 390,060,000 The Chinese loan is 984,606,000 The German loan (KFW) is 224,580,000 The Swedish loan is 177,300,000 The IDB loan is 59,100,000 The loan of Italy is 158,388,000 D JICA loan projects / projects 449,301,840 W German loan projects Siemens Inc. 165,480,000 X Maintenance project loans for the Ministry of Electricity from the Export Guarantee Corporation 549,630,000 Loan of the French Agency for Development 531,900,000 C- Authorizes the Federal Minister of Finance to borrow or continue to borrow from abroad to finance development projects after the approval of the Council of Ministers from the sources mentioned below and to continue the loans approved in previous years and with the approval of the Council of Representatives. - JICA loan in the amount of (1500) million dollars (one hundred and five hundred million dollars). Municipalities, Water Resources, Electricity, Industry and Minerals, Health, Communications, Transport and the Ministry of Municipalities, Tourism and Electricity of the Kurdistan Region. - The Japanese Bank for International Cooperation (JBIC) loan in the amount of (500) million dollars (five hundred million dollars) to finance the projects of the Ministry of Electricity, and will be funded (50) million dollars (fifty million dollars) in 2017. - The Islamic Development Bank loan (800) million dollars (800 million dollars) to finance projects for the Ministries of Electricity, Construction, Housing, Municipalities, Health, Higher Education and Scientific Research and the Municipality of Baghdad. Fifty million dollars (50 million dollars) In 2017, the Ministries of Reconstruction, Housing and Municipalities are allocated electricity. - The loan of the German Development Bank (KFW) in the amount of 500 million Euros (500 million Euros), equivalent to 600 million dollars (six hundred million dollars), of which 190 million dollars (one hundred and ninety million dollars) Terrorism of 2017. - The Swedish loan in the amount of (500) million dollars (five hundred million dollars) to finance the projects of the Ministry of Electricity by (ABB) and the guarantee of (EKN) and will fund the amount of (150) million dollars (one hundred and fifty million dollars) for the projects of the ministry. - Italian loan amounting to (160) million dollars (one hundred and sixty million dollars) will be funded $ (134) million (one hundred and thirty-four million dollars) for the projects of the ministries of water resources and agriculture. - US $ 4550 million ($ 4.5 billion) to finance the Defense Ministry's needs, and $ 883 million ($ 1.8 million) will be funded in 2017. - $ 500 million ($ 500 million) to finance projects for the Ministries of Electricity, Construction, Housing, Public Municipalities, Finance, Health and the Municipality of Baghdad. The sum of $ 205 million ($ 250 million) 2017, including $ 10 million ($ 10 million) for the Financial Management Development Project (PFM). - Negotiation and borrowing from the British Export Bank on the financing of infrastructure projects including (water, sewage and desalination) in the amount of (10) billion pounds (ten billion pounds sterling) to be funded $ (100) million (one hundred million dollars) of The above amount during 2017 for desalination projects within the province of Basra and the amount of 230 million dollars (two hundred and thirty million dollars) for the projects of the Ministry of Electricity for GE of the above amount during 2017. - (500) million dollars (five hundred million US dollars) from the German Export Guarantee Corporation and Standard Chartered Bank for the implementation of the German Siemens project of the Ministry of Electricity will be funded $ 140 million (one hundred and forty million dollars) in 2017. - Additional loans for the various annual maintenance projects of the Ministry of Electricity guaranteed by international export guarantee institutions in favor of the US GE and the amount of $ 465 million will be financed in 2017. E. The Federal Minister of Finance, after the approval of the Council of Ministers, is authorized to borrow $ 2,500 million by guaranteeing international export guarantee institutions for the purchase of arms, ammunition and logistical support system" rel="">support to the Ministries of Interior and Defense, the Popular Propaganda Authority and the Anti-Terrorist Organization. (Eight hundred and thirty-three million dollars) during 2017. Chapter III General and final provisions Article 3 (4) of the Federal Budget Law No. (44) for the year 2017 to become (the Federal Minister of Finance the authority to conduct transfers between the appropriations of the federal budget of the Republic of Iraq approved in the annual federal budget and the budget modified at the level of doors and sections and classes, materials and types And type sequence. Article 4 - Amend the text contained in the provisions of Article (25) of the Federal Budget Law No. 44 of 2017 to become (for the Minister of Finance and Planning federal reallocation of the amounts recovered from farmers for loans agricultural initiative projects received by farmers for the previous years to the budget of 2017 and to be exclusively devoted to projects initiative (1) Section (4) of the Financial Management Law No. (95) for the year 2004). Article 5- Continuing the work of the provisions of the articles contained in the Federal General Budget Law No. 44 of 2017 and the amended articles mentioned in the amended law. Article 6 The Council of Ministers shall have the authority to transfer the amounts required to cover the requirements of support system" rel="">support for the displaced, the public mobilization and the expenses of the Ministry of Health for the allocations referred to in Article 33 / I / B, as set forth in Table (h) of the Law. Article 7 - Amend the text of article (39) of the law to be as follows: To the Federal Minister of Finance with the approval of the Federal Prime Minister issuing guarantees to: - General Electric Company ($ 563) million ($ 500 million) and the signing of financing loans guaranteed by international export guarantee institutions, including the US Overseas Private Investment Corporation (OPIC). - Korean company STX for $ 125 million (one hundred and twenty-five million dollars) to finance, rehabilitate, maintain and operate the stations of the Ministry of Electricity through Alio Puff Bank. Article 8 - Amend the table of transfers contained in Article (59) of the law agencies: 1- The sum of (30) billion dinars (thirty billion dinars) is transferred from the allocations transferred to the House of Representatives to the People's Assembly / operational. 2- The amount of (10) billion dinars (ten billion dinars) of the allocations transferred to the Independent High Electoral Commission to the People's Assembly / operational. 3- The amount of (2) billion dinars (two billion dinars) from the transfers of the accountability and justice to the Ministry of Water Resources / maintenance and rehabilitation of rivers and streams and onions. 4- The amount of (100) billion dinars (one hundred billion dinars) of the allocations transferred to the Independent High Electoral Commission to the Ministry of Health / expenditure governing (medicines, including the Kurdistan region). 5 - The amount of (5) billion dinars (five billion dinars) of the allocations transferred to the Independent High Electoral Commission to the secretariat of Baghdad / reconstruction of Karrada. 6- The amount of (5) billion dinars (five billion dinars) of the allocations transferred to the Ministry of Education to the Ministry of Agriculture / Investment. Article 9 The Ministry of Finance to transfer the grades and financial allocation for those wishing to have university degrees at least from the employees of the Ministry of Defense to ministries and departments other than the three presidencies and the departments associated with them and after the consent of the transfer to the condition that does not entail any financial consequences. Article 10 - This Law shall be published in the Official Gazette and shall be effective as from the date of its publication. Positive reasons To fill the shortfall in the salaries of state employees and the public sector and members of the popular mobilization and to ensure the payment of pensions and insurance needs of displaced and to pay the receivables of audited contractors from the Federal Audit Bureau and the entitlements of farmers and the needs of the ministries of electricity, oil and health. This law was enacted.   Views 558   Date Added 07/24/2017

[10 YEARS LATER]

Well okay then !  Press ON . . . 

[yota691]

Parliamentary finance reveals figures for higher revenues in the draft budget for 2017

 

 July 26, 2017 - 14:51 | Number of readings: 153   

 

 

BAGHDAD - The Finance Committee of the parliamentary, on Wednesday, the high revenues in the draft budget for the year 2017 to 83 trillion dinars, while referring to the movement of transfers in the budget as requested by the International Monetary Fund.

Committee member Sarhan Silvani said in a press statement that "the House of Representatives voted in its regular session on Monday to amend the draft budget law for the year 2017," pointing out that "revenues in the budget rose from 79 to 83 trillion dinars because of the increase in the price of a barrel of oil in the markets Global ".

He added that "the price of a barrel of oil in the budget has become $ 44 after it was calculated in the amount of $ 41 with a financial deficit of 25 trillion dinars," pointing out that "the parliament carried out financial transfers in the public budget as requested by the International Monetary Fund."

Silvani said that "an amendment to the budget law to transfer 30 billion dinars from the allocations of the House of Representatives to the popular crowd as salaries, in addition to the allocation of five billion to the Secretariat of Baghdad for the reconstruction of Karrada."

Silvani pointed out that "fiscal transfers in the budget also included the allocation of funds to ministries of health, trade and water resources to buy medicines and distribution of financial benefits to farmers and clean rivers in the provinces."

The House of Representatives voted, on Monday, to amend some articles of the draft budget law for the year 2017.

[yota691]

Deputy confirms not to cancel the amount of petrodollar from the budget next year to the oil-producing provinces

Political

 Since 2017-07-28 at 09:34 (Baghdad time)

Baghdad - Mawazine News

MP denied the province of Basra Charter Hamdi, Friday, Mtnqlth some media about the cancellation of the amount of petrodollar additional revenue in the supplementary budget for the province.

 

"Some news sites and social networking sites have published a news story that the House of Representatives voted on the federal supplementary budget has been canceled the amount of petrodollar additional revenue for the province of Basra," Hamidi said in a statement received by Mawazine News.

 

She added that "the clarification of the subject, we lie this news and ask the observers to be careful in receiving news and try to take it from the correct sources," noting that "the publication of the news, but the publication of the law provided by the government before the amendment has been amended this article and voted on the modified version without Cancellation of the petrodolla ". Finished 10

[stangernan]

On 7/17/2017 at 10:20 AM, King Bean said:

 

                          Montana size it !! 150 ounces of heaven.

Now That's what I'm Talkin Bout!!

[yota691]

How the theft and corruption have aggravated Iraq's debt .. Know the "frightening"

 

Economy     access_time 2017/07/28 21:43  Number of readings: 504

 

 

Baghdad today - follow-up 

The Deputy Chairman of the Committee on Economy and Investment Iraqi Parliament, Noura Salem Al-Bajari, that the adoption of the supplementary budget does not mean an improvement in the economy, but the country's behavior towards further restrictions on external debt, noting that the benefits of annual debt equivalent to what was spent by Iraq during the war on the organization ).

"The size of external debt reached 82 billion dollars, 61 percent of which was left behind by the former regime, after the reduction agreed at the Paris Club," the deputy told the daily Al Hayat.

While successive governments borrowed after the regime change of $ 32.1 billion, due to budget deficits and support of service projects and security forces in the war against a supportive organization, and Iraq allocated $ 6.8 billion to pay interest and debt benefits this year.

Al-Bijari pointed out that "experts bet on the improvement of the financial situation in Iraq, and its ability to face the crisis of falling oil prices suffocating and growing spending rates, especially in the war with a push, but these bets failed to focus on reform system of non-oil revenue, Land ports and others. "

"The experts did not take into account the amount of corruption that undermined the efforts to improve revenues. Instead of going to the state treasury, these increases have ended up in the pockets of parties supported by parties and parties that are now stronger than law and government," she said.

"The priorities of the funds added to the supplementary budget this year, amounting to 7 trillion dinars worth about $ 5.8 billion, pay the dues of contractors and farmers and allocate percentages of them for the sectors of education, health, service and reconstruction and others.

The head of the Economy Committee, MP Salim Al-Kinani, did not rule out that any reform of the economic sector would face obstacles, based on rampant corruption in all parts of the country, pointing out that the committee is investigating corruption files related to border crossings and demining contracts.

The size of the external debt, which is the loans worked by successive governments after 2003, exceeded $ 32 billion, not to mention internal debt, including debt securities and funds for the benefit of the private sector worth $ 7 billion, along with external loans.

Source: Al Hayat newspaper  

[yota691]

Video .. How much budget surplus 2017 and who allocated?

Release date: 2017/7/28 15:50 • 1087 times read

 

 

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{Baghdad: Al Furat News} voted the House of Representatives, approving this week on the amended Federal Budget Law for the fiscal year 2017.

The supplementary budget was estimated at a surplus of 7 trillion dinars, of which 3.5 trillion for the difference in oil sales, and bupt to the operational and investment expenses. 
The budget this year is 100 trillion dinars, or about 48 billion and 700 million dollars. 
Parliament approved in its session last Monday the draft supplementary budget law submitted by the Finance Committee of the Committee on Economy and Investment to fill the shortfall in the salaries of state employees and the public sector and members of the popular mobilization and ensure payment of pensions, and provide for the needs of displaced and disbursement of dues audited contractors from the Federal Audit Bureau and farmers' Ministries of Electricity, Oil and Health