Will Iraq become the highest Arab country in economic growth?

[yota691]

05-02-2018 10:32 AM

Parliamentary Finance: The International Monetary Fund stipulated the passage of the budget to grant loans

 

 

 

Revealed a member of the Finance Committee MP Masoud Haidar that "the difference of blocks and the failure to pass the budget of 2018 will affect the response of States with Iraq at the donor conference in Kuwait .

He added that "delayed passage will give a negative image of the donor conference," noting that "the International Monetary Fund stipulated that Iraq to pass the budget in exchange for the granting of financial loans .

 

It is noteworthy that the House of Representatives used every year to delay the adoption of the financial budget of the country because the political blocs are always in disunity and struggling for their interests and the people is the victim in delaying projects that have not touched the citizen benefit little, but this year seem more difficult with the Kurds 17 percent and the Prime Minister's insistence on reducing them to 12 percent according to population ratios . 

[Wiljor]

“political blocs are always in disunity and struggling for their interests”

 

Yep, same ole, same ole. C’mon Iraq, let’s get this thing done so everyone can move on. How long do you think these folks and businesses in the international community  are going to hang around and wait for these folks to get together? 

 

[yota691]

Expectations of the imminent release of the budget crisis of 2018

 

House of Representatives "Internet"

Economy News Baghdad It seems that the crisis on the budget law is about to be released, the Finance Committee has provided reassurances of the near adoption in the event that the political blocs agreed on the points of contention that adhere to them. A member of the committee, Hossam al-Aqabi, told "Economy News" that the political blocs, if reached an agreement on their controversial points in the budget, will be approved within two weeks, warning of the delay of its adoption as causing harm to all parties. Kurdish deputies demand the adoption of the 17 percent approved in the budget last year, while other MPs insist on adopting the proportion contained in the draft sent by the government, amounting to 12.6%. Did not reach Abadi and the Kurdistan Alliance to an agreement on the share of the region of the budget, according to a member of the Finance Committee, revealing at the same time the adoption of the budget 2018 principle of population ratios in calculating the share of the region. He added that the prime minister is waiting for a detailed report from the Ministry of Finance concerning salaries of staff and their number in the region to resolve this problem. And demands the southern provinces producing oil to adopt the federal budget on the rate of 5 dollars per barrel instead of 5 percent. He added that the agreement with the oil-producing provinces reached nearly 90 percent. For his part, demands the Union of forces to increase the dues of the provinces of Nineveh, Salah al-Din and Anbar, as they suffered from terrorist operations in the past years led to the absence of grades and lack of financial allocations. The Finance Committee member Hossam Al-Aqabi said that the government agreed with the Union of Forces on increasing the allocations of liberated areas from the Da'ash organization and tried to convince them that their reconstruction is not accompanied by a single budget and the possibility of diversifying sources such as the Kuwait donors conference. He predicted an economist not to approve the budget for this year to "contain political and economic errors," noting that if it was approved, it will be adopted a political formula and contain political deals because they coincide with the near elections. The economic expert, Abdul Rahman al-Mashhadani, in an interview with "Economy News", that Iraq is not to approve the budget, which is borne by the government as a first party when it delayed sending to the House of Representatives at the end of last year, and the Council as a second party because the latter has no decision other than Approve or reject the budget. He added that the delayed adoption of the budget will affect the investment side, noting that if it was approved and published in the newspaper (facts), the work will begin from the fourth month, because the procedures required to do so.   Views 24   Date Added 02/06/2018

[gregp]

22 hours ago, yota691 said:

05-02-2018 10:32 AM

Parliamentary Finance: The International Monetary Fund stipulated the passage of the budget to grant loans

 

 

 

Revealed a member of the Finance Committee MP Masoud Haidar that "the difference of blocks and the failure to pass the budget of 2018 will affect the response of States with Iraq at the donor conference in Kuwait .

He added that "delayed passage will give a negative image of the donor conference," noting that "the International Monetary Fund stipulated that Iraq to pass the budget in exchange for the granting of financial loans .

 

It is noteworthy that the House of Representatives used every year to delay the adoption of the financial budget of the country because the political blocs are always in disunity and struggling for their interests and the people is the victim in delaying projects that have not touched the citizen benefit little, but this year seem more difficult with the Kurds 17 percent and the Prime Minister's insistence on reducing them to 12 percent according to population ratios . 

 

Yota, 

do you feel the Kurds deserve the 17%?

They have a lot of refugees to take care of. Or do you think Abadi is onto them taking too much money?

 

[Woldopep]

IMO,  without a census, you cannot determine what % is supposed to be allocated. A legitimate census is years away. Abadi being the genius he is then commits to a lesser % and adds an incentive of extra money thru the sale of oil per barrel. Between IMF, GOI and Kurds we will see something between 12- 17 % most likely 14%. Have the leaders of Kurdistan raped the citizens thru their corruption....yes but so has the rest of the leaders of Iraq. The Train is pulling into the station but it is being pushed rather then pulled in by its own power.

[yota691]

30 minutes ago, gregp said:

do you feel the Kurds deserve the 17%?

@Woldopep sum it up Great...and GM DV 

Quote

Or do you think Abadi is onto them taking too much money?

The Kurds need to take consideration on the repayment for the loans (IMF) as Abadi stated...Also the Kurds and Russia Deal (Rosneft) and the amount of money that was receive up front..

[gregp]

10 minutes ago, yota691 said:

@Woldopep sum it up Great...and GM DV  The Kurds need to take consideration on the repayment for the loans (IMF) as Abadi stated...Also the Kurds and Russia Deal (Rosneft) and the amount of money that was receive up front..

 

Thank you, sir. 

[TOMINVEGAS]

“He added that "delayed passage will give a negative image of the donor conference," noting that "the International Monetary Fund stipulated that Iraq to pass the budget in exchange for the granting of financial loans .”..... ...so maybe postpone the Kuwaiti conference?.... 

[TOMINVEGAS]

22 hours ago, Wiljor said:

“political blocs are always in disunity and struggling for their interests”

 

Yep, same ole, same ole. C’mon Iraq, let’s get this thing done so everyone can move on. How long do you think these folks and businesses in the international community  are going to hang around and wait for these folks to get together? 

 

Good question.....

[Butifldrm]

Parliament 's economy reveals the arrest of the employee's promotion and the allowance in the new budget

 

 Twilight News    

 

 2 hours ago

 

 

Twilight News / Member of the Presidency of the House of Representatives Hammam Hamoudi Finance Committee to reconsider the federal budget paragraphs for the year 2018 related to the deductions of salaries of employees and their promotions. 
"The cutbacks were imposed three years ago at a time of falling oil prices," he said in a statement to the news agency, adding that the prime minister and the finance committee had confirmed the possibility of doing so. 
Hamoudi pointed out that the amendment of another article in the budget relating to the inability to upgrade the employee or even grant the bonus for the lack of financial allocations or new degrees of employment. 
He added that the current year has seen a marked improvement in oil prices, which should be deleted these paragraphs, especially as they relate to the rights of a segment of the important and broad segments of society and directly address the needs of the Iraqi individual. 
The total value of Iraq's budget is $ 91 billion, with revenues of $ 72 billion and a deficit of $ 19 billion.
The draft budget approved the export rate of oil of three million and 800 barrels per day, including 250 thousand barrels of oil Kurdistan Region of Iraq, and 300 thousand barrels of Kirkuk oil province. 
The passing of the draft budget law in the Iraqi parliament to the majority vote (half the number of attendees plus one), and members of the Kurdistan Alliance still boycotting the parliamentary sessions against the background of the referendum crisis.

 

Keywords: 

 

http://www.shafaaq.com/ar/Ar_NewsReader/28f679b6-616f-4723-a908-b87c80c92f93

[yota691]

 

Source: The proportion of the region is still 12.6% in the revised budget that reached the parliament

12:15

Last updated

The time now is 12:42 PM

611

 

Baghdad / Al-Ghad Press: 

revealed a parliamentary source, on Wednesday, that the revised budget reached the parliament from the government, has not changed the proportion of the region. 

The source told "Al-Ghad Press" that "the proportion of the province in the revised budget, which reached the parliament today, by the government, is 12.6% and has not changed."

It is noteworthy that the parliament delivered on Wednesday morning, the budget adjusted by the government.

[yota691]

 

Deputy for the Kurdistan Alliance: Kurdish MPs will sit in parliament to meet their demands

13:40

Last updated

The time now is 02:55 AM

154

Watch

 

 

 

BAGHDAD / Tomorrow Press: 
MP for the Kurdistan Alliance, Ahmed Rashid parenchyma , on Wednesday, the House of Representatives about the intention of the Kurds to set up a sit -in inside the House of Representatives not to meet their demands in the budget law for the current year.
Rashid said in a statement to "Al-Ghad Press" that "all options are open to the Kurdish blocs to adopt curricula or a civil grant to demand the implementation of our demands," noting that "it is possible that members sit Kurdish civil sit-in in the House of Representatives to see all that the Kurds oppressed through the project Budget ". 
He added that "our problem is not in proportion, but not to allocate sufficient funds to compensate employees first and not to deal directly with the federal government with a political entity exists in the Constitution, the region and his government second, and the third lies in the existence of materials and sovereign allocations in the budget and can not be sovereign at all, Artistic".

[jcfrag]

I don’t get it. They want Abadi to pay the Kurdish salaries, and Abadi is. Yet they still want 17% so they can pay their salaries. They are just plain confused....

[tigergorzow]

1 hour ago, jcfrag said:

I don’t get it. They want Abadi to pay the Kurdish salaries, and Abadi is. Yet they still want 17% so they can pay their salaries. They are just plain confused....

jcfrag,  The KRG is 100 percent about "Greed & Theft".....The Barzani's & The other KRG Parties cannot be trusted.

 

This is why PM Abadi insist on paying the salaries direct to the KRG citizens...😊😊

[Hotcurl]

2 hours ago, jcfrag said:

I don’t get it. They want Abadi to pay the Kurdish salaries, and Abadi is. Yet they still want 17% so they can pay their salaries. They are just plain confused....

IMHO - As I understand it,  Abadi is paying the real cost of the Kurdish salaries which is in the 12.6% budget.

As I recall, the IMF required a 2018 budget number for the Kurds of 12.6%, as a condition for future financing.

 

Again IMHO, the Kurds want the difference of 4.40% ( 17% - 12.6% ) to pay their "ghost" salaries and line their pockets.

The greed of these people is beyond comprehension. Haven't they stolen enough from their citizens ?? 

The days of tribal graft and corruption are over.

The GOI and CBI have sold their souls to the International Bankers, Corporations and Wall Street.   

Part pre -election hype, part smoke and mirrors and to the greatest part ignorance.  

 

Semper Fi

GO RV

[10 YEARS LATER]

Question: Will they stonewall and not pass the Budget as the IMF demands prior to the conference and yet still EXPECT everyone to “ open their checkbooks “ and get what they “ think they deserve? “

 

Could be be lots of Crocodile Tears 😭 “ IN THE NEAR FUTURE “ . . . Huh. Karma can be a real Biatch. 

Some days you get the Bear 🐻 . . . Some days the Bear 🐻 GETS YOU ! 

[yota691]

Parliamentary finance source: The arrival of the revised budget from the government including salary deductions

Wednesday, February 7

 

 

 

A source in the Parliamentary Finance Committee revealed on Wednesday (February 7, 2018) the arrival of the revised government budget, including salary cuts.

The source said in a press statement that "the revised budget for 2018 arrived from the government, today, to parliament." 

The source added that "the budget includes salary cuts." 

Several deputies have stressed in previous times, the disappearance of justifications for deductions on salaries of employees, while calling for its abolition, called on the government to fill what they described as "outlets of corruption and accounting corrupt" instead of the deduction of salaries. 

It is noteworthy that the House of Representatives voted in December 2016, to deduct 3.8% of the salaries of employees and retirees within the general budget for 2017, to support the popular mobilization and the return of displaced persons. 

Finished.    

[10 YEARS LATER]

The pic above is the one I most closely associate with “ who’s for a Delay, Posponement, 3 Days Off or a Weeks Vacation ? SHOW OF HANDS - ITS UNANIMOUS !!!! SKIN ON OUTTA HERE !!!!!!!! “

 

A cloud of dust and its just the sound of Crickets 🦗 30 seconds later in the building.

[Officiallytook]

 

[jmartin1145]

Remember back in the day, before the mellinials and the gen-xers? They would say that you have to get this or that done before you can go home. I miss that.  Hope I done have someone from one these two gens report  me  for abuse and try to get me kicked off.

[10 YEARS LATER]

On February 6, 2018 at 5:12 AM, TOMINVEGAS said:

“He added that "delayed passage will give a negative image of the donor conference," noting that "the International Monetary Fund stipulated that Iraq to pass the budget in exchange for the granting of financial loans .”..... ...so maybe postpone the Kuwaiti conference?.... 

 

Evening TOMINVEGAS - There's been too much postponing of just about everything when it comes to Iraq. They've had their hand held from the start, placated and given more than their share of " considerations " throughout the entire 15 years.

 

I stand firm the Conference goes on as scheduled. If Iraq can't pull their heads outta their AZZ, get with the program and play in the Global Arena: they should be EMBARRASSED at the Conference and not given a Dime. Iraq being shamed in front of The International Community would be a humiliation the Citizens of Iraq would not abide. No doubt, furious at their inept GOI, I suspect many in the GOI might be looking for the door. Abadi wouldn't be looked at in a very positive light either.  

 

Iron Maiden put it quite well in a song " Run for the Hills, Run for your Life "  

 

The days leading up to the Conference will make for interesting reading. SUCCESS or SHAME. Iraq watch gonna do ?????   

 

10YL + 5 Van Winkle ( thanks King Bean for suggesting the new Moniker ! )

[TOMINVEGAS]

For sure for sure. I was looking at some old articles/ posts on this site from 2009......it’s unbelievable, but it’s pretty much been the same old song and dance for all these years....they should be embarrassed already for what they have and haven’t done.... it really is UNBELIEVABLE!......I hope they are shamed in front of the whole world who forgave their debts and believed in a new Iraq, only to be made fools of thus far.

[yota691]

Directed to cancel staff deductions in the 2018 budget

08/2/2018 12:00 am  Abadi returned from the validity of the House of Representatives  Baghdad / Shaima Rashid  less than 24 hours after the talk of Prime Minister Haider Abadi, which explained the possession of the House of Representatives powers to keep or cancel deductions salaries; parliamentary sources told the "morning", the intention of the parliamentary finance committee to raise deductions staff salaries And retirees in the budget this year 2018 after the increase in oil prices, which amounted to $ 60 a barrel as well as the re-promotion and bonuses.  Member of the Finance Committee Hossam al-Aqabi, stressed the intention of the Finance Committee to raise the deductions of employees and retirees, estimated at 3.8 percent and take advantage of the increase caused by high oil prices to meet the shortfall. "The government and the Finance Committee set the deductions in 2015 because of the financial crisis, and at the time was most of the disbursement on salaries, and the time has come to raise them because oil prices have risen and exceeded the $ 60, so it is time to lift them from the budget, "He added that" the Finance Committee will also demand that the promotions and bonuses because they stopped in the publication of the Ministry of Finance because of lack of budget, and if the budget is approved should be reinstated promotions and bonuses. "  On the demands of the Union of Forces, Al-Aqabi said that " As for the demands of the Kurds, the punishment, "there is no change on their demands, as they are still objecting to their share of the budget."  To this, a member of the Presidency of the House of Representatives Sheikh Hammoud Hamoudi Finance Committee to reconsider the provisions of the federal budget for the year 2018 related to the deductions of salaries of employees and their promotions.  Hamoudi said in a statement received by the "morning": that "the face of the Finance Committee to reconsider the provisions of the federal budget for 2018 related to the cuts of salaries of employees and their promotions," noting that "deductions imposed three years ago at a time of low oil prices," Hamoudi continued that " The current year has seen a marked improvement in oil prices, which necessitates the deletion of these paragraphs, especially as they relate to the rights of a segment of the important and broad segments of society and touch the need of the Iraqi individual directly, "Hamoudi stressed that"  Prime Minister Haider al-Abadi said on Tuesday that the parliament could raise additional tax cuts on salaries of employees, and parliamentary sources reported the arrival of the budget adjusted by the government, including salary cuts.  On the other hand, said the head of the Dawa party, the organization of the interior Ali al-Badiri: "The budget until the moment is still disabled and there are no political consensus between the parliamentary forces that have demands and the Prime Minister on the pass," he added in a press statement that " By the political blocs is difficult for the Prime Minister to give them the fact that his government will be several months after the caretaker government. " In turn, MP for the coalition of state law, Abbas al-Bayati, the requirement of the IMF to pay Iraq a specific amount of the budget for the Kurdistan region in exchange for granting the agreed loans, and said al-Bayati in an interview: "Iraq is a federal state and the IMF and the World Bank deal exclusively with the federal government and do not interfere The details of the loans granted to Iraq, except in relation to the direction and projects that will go the money that was given him towards them. "

[yota691]

Parliament weakens the government's position to donor countries

 

 Since 2018-02-08 at 12:06 (Baghdad time)

Baghdad Mawazine News

Observers believe that the disruption of the adoption of the budget by the House of Representatives may send negative messages to donor countries on the eve of the conference to rebuild Iraq in Kuwait and weaken its negotiating with international companies.

The budget law is witnessing many differences within the parliament between the various political blocs, Kurdish blocs are still contesting their share in them, while the bloc of the Union of forces calls for larger shares of areas affected by terrorism and the allocation of funds for the displaced.

As well as the deputy oil-producing provinces demanding their rights and greater representation in the budget, as it contributes to the largest proportion of the budget.

After many disagreements, parliament was able to complete the first reading of the bill in its session held on "29 January" this year.

However, this did not put an end to the political differences about their share in the budget, but continued Kurdish blocs demand the rate of 17% instead of the 12.68% approved by the Council of Ministers, and threatened the Kurdistan Alliance to disrupt the quorum of meetings and boycotted in the event of budget inclusion agenda.

Iraq is due to participate in the donor conference to be held next week in Kuwait with the participation of many Arab and European countries, and stipulated that these countries guarantees to provide financial support for the implementation of investment projects for the reconstruction of what was destroyed by terrorism. However, the failure to approve the budget is an obstacle to granting confidence to donors, and that this is the responsibility of Parliament through the adoption of the law.

While observers confirmed the delay of Parliament to approve the budget law ahead of the donors' conference or non-approval, sends negative messages to donor countries.

While the member of the Committee on Economy and Investment Representative Jawad al-Bolani, earlier on the completion of the government file of participation in the donor conference, carries the vision to reform the economy and develop services in Iraq.

"It is necessary that the budget is ready and voted before the conference," Bolani told Mawazine News.

The previous meetings of the Parliament also hosted the hosting of Prime Minister Haider Abadi, to resolve differences over the budget law.

While, the MP for the Kurdistan Alliance, Abdul Aziz Hassan, for the "Mawazin News," that "no breakthrough in the budget meetings," noting that "Prime Minister Haider Abadi did not give up the points of contention." While he explained that the Kurdish blocs will boycott the next session in the event that if the law was included budget agenda.

The law is expected to complete the second reading in preparation for the completion of all readings and approval, where the law faced differences when the Parliament tried to complete the second reading of a verbal argument between MP Mohammed Tamim during the readings and deputies of the Kurdistan Alliance, which led to the disruption of the quorum of the session and prevent reading a second reading.

But the Kurds again threatened to boycott the hearings if they were included on the agenda of future meetings.

The MP for the bloc of change Hoshyar Abdullah, in a statement today, on the refusal of the deputies of the Kurdish blocs, the administration of the House of Representatives Salim al-Jubouri for parliamentary sessions.

He pointed out that "the blocs threaten to boycott the parliamentary sessions against the background of the sanctions issued against the three Kurdish MPs Massoud Haider and Shakhwan Abdullah and Sirwan Abdullah B (suspension of membership for 15 days and refer them to the Committee on the application of parliamentary behavior)."

While parliamentarian Mithal al-Alusi believes donor countries will not pay one dirham to a government accused of corruption.

"The donor countries can not be assured of their support at the donor conference to be held in Kuwait next month," Alusi told Mawazine News.

Meanwhile, Prime Minister Haider Abadi said during his weekly conference on Tuesday February 6, 2018, that there is concern among foreigners that corruption is at the forefront of corruption.

He added that fighting corruption will take many years but now the world and investors look better than before in this area, stressing that there are factors and elements to push forward to eliminate corruption.

From: Amour Amor

[yota691]

2018/02/08 (00:01 PM)   -   Number of readings: 86   -   Number (4131)

 

 

The budget of 2018 .. fluctuates on the ropes of differences and inflation of external debt

 Baghdad / Fadia Al-Jawari 
 

The balance of 2018 still in place, after the postponement of its adoption more than once because of differences between the political blocs.

And stresses a number of specialists in the economic issue that the postponement of the adoption of the budget for the current year 2018 puts the country in a critical crisis and delay the investment process, pointing out that the approach of the elections will push the political blocs to hold deals to approve the budget, which some experts it carries several issues in the paragraphs. 
"He predicted an economist not to approve the budget for this year because of political differences and financial transactions between the blocks," noting that if it was approved, it will be adopted a political formula and contain political deals because they coincide with the near elections. 
The economist, Salem al-Bayati said in an interview with Al-Mada, "Iraq is returning to the non-approval of the budget, which is borne by the government as a first party when it delayed sending it to the House of Representatives at the end of last year, and the Council as a second party because the latter has no decision other than the approval of Budget or rejection ".
He added that "delayed adoption of the budget will affect the investment side, noting that if it was approved and published in the newspaper (facts), the work will begin from the fourth month, because the work procedures require it." 
For his part, says member of the Finance Committee parliamentary Ahmad Hama Rashid, "the parliamentary finance committee task to take notes by all those objecting to the budget, which relate to oil-producing provinces, in addition to the share of the region, and the provision of funds for the reconstruction of liberated cities."
"The budget carries many problems with regard to the oil producing provinces (Basra, Dhi Qar, Maysan and Wasit), which is considered the economic artery of the country, indicating that there are many requirements on those provinces, including the allocation of government to these provinces amount Five (Petrodollar) for each barrel of product or extract or for gas produced, later turned from $ 5 to 5%, but the government now wants to choose the province one way for these amounts, either through oil or refined oil or gas, as well as Lack of financial guarantees for previous years. "
Rashid pointed out that "the government is going through a financial crisis, but it can spend financial bonds remain a debt to the federal government until the availability of financial abundance," adding that there are "two ways to approve the budget either to withdraw the bill from parliament and return it to the government to amend, or the presence of Prime Minister To the session of parliament until the subject is discussed with the deputies. " 
In turn, MP Majida al-Tamimi, said that "failure to approve the budget will affect the view of donor countries to Iraq, while indicated that the delay is due to the conditions of international criticism and the demands of the blocks." 
Tamimi said in a press statement that "meetings continue in the Finance Committee on the budget, and there were two meetings with the Prime Minister Haider Abadi." 
"Yesterday, at my request, the budget was put on the agenda for the second reading."
"The failure to approve the budget means that the country is not a plan to manage its funds, and this affects the view of donor countries and shows them that we are a country of law and not plan, how to grant investment funds." 
The House of Representatives has seen several months ago, major differences between the political blocs on the budget items of 2018, which leads in each meeting to postpone the issue of the agenda, and attended the Prime Minister Haider Abadi to parliament more than once for the purpose of discussing the requests of the political blocs. 
And demanded that the Kurdish blocs and the Union of forces and oil-producing provinces, put their requirements in the budget or else they will boycott the sessions of the parliament's own. 
The total value of Iraq's general budget for 2018 amounted to about 85.33 trillion dinars (71.65 billion dollars) with a deficit of 22.78 trillion dinars (19.13 billion dollars).
The main challenges in the budget are to provide additional amounts for the reconstruction of liberated cities under current oil prices that do not meet the requirements of the next phase and the continuing fiscal deficit in most ministries of the state and the rise in the volume of external debt, which exceeded $ 100 billion.