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Economy News» Publishes The Budget Law 2018 !


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Iraq's president orders controversial budget published

 
 

Iraq's president orders controversial budget published
Iraqi President Fuad Masum in a previous interview with Kurdistan 24. (Photo: Kurdistan24)
 
Iraq Baghdad KRG Budget Economy 
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ERBIL, Kurdistan Region (Kurdistan 24) – The Iraqi President announced in a statement on Thursday that he had ordered the nation's controversial 2018 budget to be published in the Official Gazette of Iraq, the final stage for it to become law.

Iraq’s Parliament approved the bill on Mar. 3 in the absence of Kurdish politicians, who boycotted the session.

In mid-March, President Fuad Masum, a Kurd and co-founder of the Patriotic Union of Kurdistan (PUK), refused to approve the bill and returned it to the Parliament for amendment, citing multiple "constitutional, legal, and financial violations" within, according to a previous statement from his office.

Ordering publication in the Gazette without officially signing off on it is a way for the president to allow the law to go into effect while still registering his opposition to its provisions.

Baghdad reduced the Kurdistan Region’s share of the federal budget to roughly 12 percent, a significant drop from its previous 17 percent allocation, and did not any funds for Peshmerga forces, the primary reason for representatives from the Region to protest the bill.

Earlier in the week, officials of the Justice Ministry, which publishes the Gazette, reportedly ordered the law finalized without the president's approval. In response, Masum threatened to sue the ministry in a statement released on Wednesday, claiming the order was a constitutional violation.

The Kurdish leadership has repeatedly criticized Baghdad for inserting the decrease in the draft budget without consulting Kurdish lawmakers, who point out that since the original number had been calculated based on population, it would require a census to justify such a change.

The 17 percent budget share was agreed upon between the KRG and the Federal Government of Iraq during the transitional period after the fall of the regime in 2003. No census has been conducted in the country since the 1980s, but there are an estimated 7 to 8 million people living in the Kurdistan Region, representing between 17 and 20 percent of Iraq's population.

Ties between Erbil and Baghdad have deteriorated considerably following the Sep. 25 referendum on independence for the Kurdistan Region.

 

http://www.kurdistan24.net/en/news/33db6c4b-ba26-489a-b144-bd027251061e

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The President of the Republic directs the publication of the General Budget Law

 

31/3/2018 12:00 am 

Stressed the need to return the atmosphere of brotherhood among the people of Kirkuk, 

Baghdad / Sabah

The Presidency of the Republic announced that the President of the Republic Fuad Masoum directed the concerned parties in the Presidency of the Republic to complete the fundamental procedures for the publication of the Federal Budget Law for the fiscal year 2018 in the Official Gazette, stressing that the adoption of this measure «is a diversion to the public interest and the protection of the rights of citizens and Iraq's international obligations As well as seeking to facilitate the work of state institutions throughout the country », at a time when the Ministry of Justice announced that it is reviewing the final budget law shortly before its publication in a special issue of the Official Gazette« Iraqi facts ». 


The presidential press office said in a statement received by al-Sabah that "the president of the republic did not ratify the law because there are a number of clear and clear violations." He said that the presidency will never abandon its constitutional right to deal with any constitutional violations in the future laws. Not to encourage further abuses threatening to turn the Constitution into a non-binding document to anyone in the words of the presidential statement ». 

The Office explained that "neglecting the handling of these irregularities by the Council of Representatives and trying to instruct the publication of the law in the newspaper« Iraqi facts »official excesses on the powers of the President of the Republic», stressing «move criminal complaints against the transgressor».

The statement reiterated that the objection and comments on the Federal Budget Law for the fiscal year 2018, voted by the House of Representatives on 3/3/2018, came after the experts and legal and financial advisers to diagnose violations of constitutional, legal and financial in a significant number of articles or items Or paragraphs that need to be addressed and address any imbalance in the formulation of formal before the ratification of the law by the President of the Republic ». 

On the other hand, President Fuad Masum received at the Peace Palace in Baghdad on Thursday, the Federal Police Commander Major General Raid Shaker Jawdat and discussed with him the security situation in the province of Kirkuk.

He stressed the need for the return of the atmosphere of brotherhood and coexistence among all the people of Kirkuk, praising the professionalism and efficiency of the federal police. He also called for "more cooperation and coordination between the security services operating in the province to avoid any emergency security problems as well as face the remnants of terrorists who prey on Innocent citizens. " 

In turn, the Ministry of Justice announced that it is in the final stages of preparing the special edition of the Official Gazette, which will include the publication of the Financial Budget Law 2018 without the approval of the President of the Republic, indicating that the Iraqi Chronicle has completed all the textual checks required for publication.

The Ministry said in a statement received by «morning»: «In the final stages of the preparation of the special edition of the Official Gazette (Iraqi facts), which will be published the law of the budget in 2018 by the passage of legal period and without the approval of the President of the Republic, as the Iraqi Department of Facts issued and each year edition Especially the budget law ». 

The ministry added that the Iraqi Ministry of the Interior has completed all the textual checks necessary for publication

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Call for reforming the general budget and diversifying its revenues


31/3/2018 12:00 am 

The adoption of technology in public spending determines its financial returns

Baghdad / Emad Al-Amara

The adjustment of the general budget conditions and ensuring the continuity of the efficiency of the state's financial activity in economic activity and social life are related to the factors related to the coordination of public revenues with expenditures related to fiscal policy, which is an important part of economic policy. Of the State based on financial policies stemming from the actual needs of society.

Al-Ani said in an interview with Al-Sabah that reforms should be in accordance with the economic, social and political conditions in the society, and this does not negate the importance of working to achieve the efficiency of public spending and ensure that this expenditure goes to the purpose assigned to it. 
Al- Ani pointed out that "basic services such as health and education may be available at appropriate rates and qualities, but for certain reasons the poor can not enjoy their advantages because they are too poor to bear the costs of medicine or move to the place where these services are available." Interests in the process of financial reform. "

 private sector 

He stressed that "reducing the budget deficit and reform begins with the reform measures of the public finance sector by working to reform the private sector and activate its role and make it a more productive sector and committed to long-term investment, and directed towards real productive activities instead of non-productive activities and rapid profitability." 
"In order to achieve this, it is the duty of the government to provide an environment conducive to private investment and attract foreign investment by adopting a set of amendments in the existing legislative and regulatory environment to allow equal opportunities for all and high transparency, as well as increase non-oil revenues by starting to exploit resources available from mineral resources In particular natural gas in a way that achieves the largest possible revenues, as well as raising the level of management of the state's public property, land, real estate and other properties in terms of efficiency and efficiency. " 

Money bills

Al-Ani called for "the establishment of free zones and the optimal exploitation of the geographical location enjoyed by Iraq," adding that "the reforms also include the management of public institutions and companies according to economic fundamentals and modern accounting standards, and supply of government share of surplus profits first Powell, Budget financing, as well as its role in the national economy. " 
He explained that "the stock market represents a large space for the work of fiscal policy to affect the overall financial and monetary variables, especially the rates of inflation and interest rates and exchange rate of the local currency, and it also gives room for the application of more efficient and effective monetary policy through the Central Bank.
"At the same time, the government bond market offers the opportunity for the monetary authorities to achieve many benefits related to the functions and activities of these authorities. The most important of these benefits and advantages is that the existence of bond markets helps to shift towards the use of indirect instruments in the management of monetary policy, Open, and these, as a whole, indirect factors in the interest of the general budget of the state.  Sophisticated methods certainly concluded al - Ani , his speech on the importance of " the adoption of technology in public spending, ie , the use of modern technology and methods developed for the distribution of public money better by measuring the yield of this spending, what contributes to the transfer of money from spending non - product to the product of an economic cost - effective spending

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Thanks DT....

20 hours ago, DinarThug said:

 

 

Nothing's Gonna Stop Me From Running To The Bank Easter Sunday If The RV Gets 'Unveiled' In The Budget ! :o

 

evil-easter-bunnies-11.jpg

 

:D  :D  :D 

.....Inform the 'Kiddies that the 'Easter Bunnies" did not hide any 'chocolate' eggs on the ground...

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LINK

Including "Almasl" and shaving .. 14 tax awaits Iraqis with the entry into force of the budget


14:10 - 31/03/2018
 
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The Parliamentary Finance Committee revealed on Saturday the entry of 14 new taxes into force immediately after the publication of the budget law in the official newspaper, noting that the government has been subject to the conditions of the International Monetary Fund to impose such taxes within the budget.

 "With the entry into force of the budget law, 14 new taxes will come into force," Commission Rapporteur Ahmad Hama told Al-Mawloom. "The government has met the conditions set by the International Monetary Fund to impose taxes."

 He added that "the budget includes the imposition of 10% on goods sold in malls and shopping centers and services provided in men's and women's barbershops and all hotels, as well as 20% of the tax on the sale of phones and cards, Internet and 15% for the import of cars.

"The government also imposed 12 percent as a tax on real estate and a similar percentage as income tax, in addition to imposing fees on airports, tickets for 25 thousand dinars on foreign trips and 10,000 dinars on internal tickets," he said, adding that "200% was imposed on cigarettes and honey Alcoholic beverages and 10 cents per liter of sweetened beverages. "

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URGENT: Council of Ministers holds its meeting today instead of Tuesday

April 01 2018 02:03 PM

Urgent
Urgent
Baghdad Post 

A source familiar with the matter, said on Sunday that the Council of Ministers will hold its regular session today instead of tomorrow after Tuesday without giving reasons for that. 

The spokesman for the Electoral Commission for elections, Karim Tamimi announced last Thursday, the postponement of the media campaign for the elections to April 14 next.

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48 minutes ago, DinarThug said:
URGENT: Council of Ministers holds its meeting today instead of Tuesday

April 01 2018 02:03 PM

Urgent
Urgent
Baghdad Post 

A source familiar with the matter, said on Sunday that the Council of Ministers will hold its regular session today instead of tomorrow after Tuesday without giving reasons for that. 

The spokesman for the Electoral Commission for elections, Karim Tamimi announced last Thursday, the postponement of the media campaign for the elections to April 14 next.

link

 

Thanks, Thug.

 

Well, this article has today's date on it.  That's good. 

What does the "Council of Ministers" do?  Anybody know?

 

Postponement of media campaign for elections for 2 weeks - hmmmmm.

That gives them only a month to campaign.

Could it be we have something more important than candidate propaganda to announce in the media?

 

 

 

 

Edited by Floridian
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2 hours ago, DinarThug said:
URGENT: Council of Ministers holds its meeting today instead of Tuesday

April 01 2018 02:03 PM

Urgent
Urgent
Baghdad Post 

A source familiar with the matter, said on Sunday that the Council of Ministers will hold its regular session today instead of tomorrow after Tuesday without giving reasons for that. 

The spokesman for the Electoral Commission for elections, Karim Tamimi announced last Thursday, the postponement of the media campaign for the elections to April 14 next.

link

 

This seems a tad bit odd.  A culture based on postphonement, without any warning that I'm aware of, suddenly does the opposite of what one would expect:  

 

They did something two days EARLIER THAN PLANNED?

 

I'm not saying that this means the RI / RV is imminent.  Just strikes me as being very peculiar, that's all.

 

 

 

 

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2 hours ago, Floridian said:

 

Thanks, Thug.

 

Well, this article has today's date on it.  That's good. 

What does the "Council of Ministers" do?  Anybody know?

 

Postponement of media campaign for elections for 2 weeks - hmmmmm.

That gives them only a month to campaign.

Could it be we have something more important than candidate propaganda to announce in the media?

 

 

 

 

 

Yota posted the article in another thread.  This is what they discussed.  Nothing about RV.  :(

 

During the lengthy session to discuss the following: - 

1. Preparations for the distribution of voter cards. 
2. How to prevent the sale of cards or manipulate them (procedures and safeguards) and close all gaps. 
3. Needs of the Electoral Commission. 
4. The distribution of cards, especially in Nineveh, Anbar and Salahuddin governorates.

The Cabinet also approved the five - year National Development Plan (2018- 2022), which is based on the main axes (good governance, the private sector, reconstruction in the provinces, poverty alleviation), where the plan focuses on: - ( 
a) the promotion of sectors of production (agriculture and industry) Which moves the rest of the sectors to reach a target economic growth rate of 7%. 
B - Increase production capacity in the crude oil sector to (6.5) million barrels per day.
(C) Providing sustainable employment opportunities, reducing poverty and many other paragraphs.

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On 3/31/2018 at 5:41 AM, skeetdog said:

Thanks DT....

.....Inform the 'Kiddies that the 'Easter Bunnies" did not hide any 'chocolate' eggs on the ground...

 

And Who Says That There’s No Such Thing As The Keister Bunny ! :o 

 

evil-easter-bunnies-11.jpg

 

:D  :D  :D 

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1 hour ago, DinarThug said:

 

And Who Says That There’s No Such Thing As The Keister Bunny ! :o 

 

evil-easter-bunnies-11.jpg

 

:D  :D  :D 

 

1 hour ago, DinarThug said:

 

And Who Says That There’s No Such Thing As The Keister Bunny ! :o 

 

evil-easter-bunnies-11.jpg

 

:D  :D  :D 

Cops chasing you around the house again DT?  Nice jump.

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2 hours ago, DinarThug said:

 

And Who Says That There’s No Such Thing As The Keister Bunny ! :o 

 

evil-easter-bunnies-11.jpg

 

:D  :D  :D 

 

evil-easter-bunnies-11.jpg

 

1 hour ago, DWitte said:

Cops chasing you around the house again DT?  Nice jump.

 

Ya - But Notice How I Was Running Counterclockwise And Deleting The Zeros ! :o 

 

:D  :D  :D 

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Deputies: The government is obliged to implement the budget as of this date (1/1/2018)

April 2, 2018

768x480_758761742.jpg?x33059
 
The Legal Committee of the parliamentary, on Monday, the government's commitment to implement the financial budget law as of 1/1/2018 as the beginning of a financial year, noting that talk about the entry into force of the budget on the date of publication in the Official Gazette is illegal. 
Committee member Zainab Sahlani said in a press statement that "the government is obliged to apply the budget law from 1/1/2018 according to the law as a financial year and is obliged to return the funds deducted from the salaries of employees and retirees in the past months and all financial commitments approved in the budget."
Sahlani added that "talk about entering the budget under implementation at the date of issuance in the Official Gazette is illegal and not based on any legislative basis." The Sahlani called on the Ministry of Justice to "publish the budget law in the Official Gazette tomorrow without any delay," indicating that "all laws are published only two days after the date of signature from the Presidency of the Republic." ml

 

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