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Economy News» Publishes The Budget Law 2018 !


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33 minutes ago, jmartin1145 said:

My Favorite song in this investment.     Something for nothing leaves nothing leaves nothing if you want to be with me. Come on folks sing along.

 

Nothing from nothing leaves nothing.   Love it Love it love it

 

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Information on the budget of 2018 in dollars

Information on the budget of 2018 in dollars
 
2018/3/3 18:36 
 
Voted the House of Representatives on Saturday on all paragraphs of the federal budget for 2018.

The budget included expenditures in Iraqi dinars and the US dollar. 

Here we explain to everyone some information about these expenses: 
104 trillion dinars = 88 billion dollars 

budget deficit 12.5 trillion dinars = 10.25 billion dollars (means 10 billion and a quarter billion dollars) the price of a barrel of oil approved in the budget on the basis of $ 46 dollars export rate of 3.8 million barrels per day, including 250 thousand barrels of quantities of crude oil produced in the provinces of Kurdistan. 

Accreditation of 5% of the revenues of crude oil and natural gas for the petrodollar project for the producing governorates.  Iraq's oil imports in the budget amounted to more than 77 trillion dinars, and 14.4 of non-oil revenues. 
$ 2.5 billion for the purchase of weapons, ammunition and logistical support for the Ministries of Interior and Defense, the Popular Struggle and the Counter-Terrorism Bureau.

To force the Kurdistan Regional Government to export at least 250 thousand barrels of crude oil per day produced from its fields to be marketed through the company {Sumo} exclusively and received revenues to the federal public treasury.  It also included the following budget: the allocation of a proportion of the allocations of the federal ground forces of the Iraqi army to the salaries of the Peshmerga forces according to the population ratios of the said forces as part of the Iraqi security system.  And to force the Kurdistan Regional Government to return the amounts of Kirkuk province achieved from the petro-dollar and deposited in the banks of the Kurdistan region to the expense of the province in Kirkuk.

The appointment in all government departments shall be prohibited in the manner of contracting with the possibility of renewing previous contracts in the case of necessity. The contract period for the permanent landlords after 9/4/2003 shall be calculated as an actual service for the purposes of the premium, promotion and retirement, so that no financial consequences will be imposed retroactively. pensions for the duration of the contract calculated, and the lack of appointment in any leadership positions , Director General {above} unless there is a degree in law or the ministry is not related to the Ministry or instructions works office. 

In addition to the suspension of appointments in the three presidencies (the Council of Representatives, the Presidency, the General Secretariat of the Council of Ministers and the Office of the Prime Minister) and the departments and departments belonging to the three presidencies.  And the continuation of the sales tax on the service of mobilizing mobile phone and Internet networks by (20%) and revenues are credited to the final revenue of the Treasury.

A sales tax of 5% is imposed on all goods sold except for the ration card items in the malls and the services provided in the men's and women's shaving salons. It also leases an airport tax at a lump sum of 25,000 dinars per ticket for foreign travel and $ 10,000 for domestic travel at all Iraqi airports and is credited to the Treasury. Punishment of imported alcoholic beverages shall be imposed at a rate of (200%) of the value of the imported goods, provided that they are met at the border port.  A tax on sweets, ice cream, dairy products, juices and imported soft drinks is also levied at a rate of 25% of the value of the imported goods.
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Most important clauses of Iraq's 2018 state budget

March 03 2018 07:23 PM
Iraqi parliament
Iraqi Parl't votes on 2018 state budget
 
The Iraqi parliament has voted on the state budget for 2018 on Saturday.
Here are the most important clauses of it:
1- The Ministry of Finance will transfer all employees with bachelor degrees in the Defense and Interior Ministries to civil ministries.
2- The Iraqi cabinet will provide jobs for employees fired from the Defense and Interior Ministries.

3- Canceling article 30 that cuts 3.8% from civil servants' salaries.

4- The Share of Kurdistan Region Government from the state budget is 12.64%

5- The deficit in the state budget will be 12514516498 Iraqi Dinars (10637339.02330 US Dollars).

6- The sales taxes will be 5% instead of 10%.

7- The government will provide ten-year loans to civilians whose houses were destroyed in terrorist activities.

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Tohma: The 2018 budget abolished inequitable differentiation between governorates and the population ratio was adopted as a criterion for the distribution of financial resources

 

Baghdad / / ... The head of the parliamentary bloc of MP Ammar Tohma, on Sunday, that the budget of 2018 abolished unequal differentiation between the provinces and adopted the proportion of population standard for the distribution of financial resources, while noting that the budget prevented the government from granting sovereign guarantees for investment projects and Sovereign borrowing unless ratified by the House of Representatives.

In a statement received by "Eye of Iraq News," Tohma said, "We provide a series of comments on the budget of 2018. The first is that the Council of Ministers has been granted the authority to add 2 trillion dinars to the emergency reserve to cover the shortage of employees' compensation, Employees of the region and the social welfare network, as well as the allocation of 20% of the financial amounts achieved by increasing the actual revenues to be granted every six months as a benefit to the oil-producing provinces for previous years.

He added that "the budget prevented the government from granting sovereign guarantees on investment projects and sovereign borrowing unless ratified by the House of Representatives and in this measure precautionary and prevent the loading of Iraq with future consequences negative effects."

Tohma said, "The budget obliged the federal government and the Ministry of Oil review contracts licensing rounds to modify them to preserve Iraq's economic interest and reduce costs and cost to fit with oil prices, and also provided for the establishment of a comprehensive standard applies to all provinces and citizens in the distribution of quotas Governorates on the basis of the population ratio for each governorate and abolished the fair Gila differentiation adopted in previous budgets. "

And the head of the Virtue bloc, that "the budget has determined the share of the Kurdistan region on the basis of actual spending even for the years prior to the settlement of the dues of the region to the federal government since 2004 and until 2017, in addition to the obligation (budget) the Kurdistan Regional Government to restore the amounts Kirkuk province of petrodollar And deposited in the banks of the Kurdistan region to the expense of the province in Kirkuk. "

He pointed out that "the budget prevented the addition of allocations to extinguish advances for previous years as the control and audit of the Parliament on the banks of those advances is necessary to know the harmony of exchange with the laws and fair standards, as well as it allocated 50% of the revenues of border crossings to the provinces where those ports To allocate these funds to qualify the port and service projects in the province. "

"The budget canceled the deduction of 3.8% of the salaries of employees and retirees and compensated for the amount obtained from the increase in the price of oil to meet the needs of the displaced and the popular crowd, and included the exemption of the martyrs and the wounded who have not less than 50% Missing from the amounts of advances and their benefits, and reallocations of the 2016 crowd, which are kept in a form of security for the Authority and added to their allocations in the fiscal year.

He went on to say that "the budget reallocated the allocations of the displaced for 2016 saved in a safe form and add to the allocations of the current year for the liberated provinces for the purpose of restoring stability and emphasize the tightening of the mechanisms of control and serious follow-up of the method of resources spent to be placed in the appropriate place and to serve the citizens of those provinces, Restrict the provision of self-regulation in some of the agencies operating the central funding system not to prejudice the salaries of employees and not to lay off any staff as a result, and required the ministries concerned to allocate land to the families of martyrs and wounded of the security forces and the popular crowd. "

http://aynaliraqnews.com/index.....id22=93856

 

 

 

Virtue: The budget has eliminated inequitable differentiation between governorates

The head of the Virtue bloc Ammar Tohma, welcomed Sunday, March 04, 2018, by approving the budget of 2018 Saturday in the House of Representatives, while he spoke about 14 remarks said it .had abolished the unfair distinction between the provinces.

The 2018 budget abolished inequitable differentiation between provinces and the population ratio".was adopted as a criterion for the distribution of financial resources," Tohma said in a statement :He added that a set of observations on the budget of 2018 are summarized as follows The Council of Ministers has been granted the authority to add allocations of 2 trillion dinars to.

1 the emergency reserve to meet the shortage of compensation of employees and the rights of popular .mobilization and salaries of staff of the region and the network of social welfare Allocating 20% of the amounts realized from the increase in actual revenues, provided that they.

-2 .are granted every six months as a benefit to the oil producing governorates for previous years The budget prevented the government from granting sovereign guarantees on investment projects.
3 and sovereign borrowing unless approved by the House of Representatives and in this measure .precaution and prevented from loading Iraq with future consequences negative impacts The budget obliged the federal government and the Ministry of Oil to review contracts licensing 4 rounds to modify them to preserve Iraq's economic interest and reduce expenses and cost to fit with .oil prices The budget stipulates the setting of a comprehensive standard that applies to all governorates and - 5
citizens in the distribution of shares of governorates on the basis of the population ratio for each province and abolished unfair differentiation adopted in the previous budgets and set a quota for . previous years to settle the dues of the region to the federal government from 2004 to 2017 budget obliged the Kurdistan Regional Government to restore the amounts of Kirkuk province 6 from the petrodollar and deposited in the banks of the Kurdistan region to the expense of the
.province of Kirkuk prevented the budget to add allocations to extinguish advances for previous years as the control - 7
and audit of the Parliament on the banks of those advances is necessary to know the harmony of .exchange with laws and fair standards budget allocated 50% of the revenues of border ports to the provinces located in those ports on the 8
.allocation of those funds to qualify the port and service projects in the province The budget abolished the deduction of 8.3% of the salaries of employees and retirees and 9 compensated for the amount obtained from the increase in the price of oil to meet the needs of the .displaced and the popular mobilization The budget included the exemption of martyrs and wounded who have not less than 50% of the 10 .deficit and the missing of the amounts of advances and benefits.
The budget reallocations of the 2016 Commission, which are kept in a form of a guarantee for 11 .the Commission and added to its allocations in the fiscal year Restored the budget allocations of displaced persons for 2016 saved in a safe form and add to - 12 the allocations of the current year for the liberated provinces for the purpose of restoring stability and we emphasize the tightening of the monitoring mechanisms and serious follow-up of the method of resources spent to be placed in the appropriate place and to serve the citizens of those .provinces The budget stipulated that the provision of self-regulation in some of the entities that operate in .13 the central finance system should be restricted from affecting the salaries of employees and that no .employees be dismissed as a result Budgeted ministries concerned the allocation of land to the families of martyrs and wounded of 14 .the security forces and popular mobilization

http://almasalah.com/ar/news/1.....8%A7%D8%AA

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Important notes that need to be read about the 2018 budget

 

Saad al - Kinani

On the 3rd of this month, the House of Representatives approved the majority of the budget of 2018 after four months of political debate, which was based mostly on party interests, regional and national and electoral propaganda. Those who review the budget report must indicate some of the readings and inquiries that should be stopped and education on them, the most important of which are:

1. The House of Representatives voted on the budget without presenting the final accounts of the previous budget, by the government and considered this a constitutional violation and the spread of corruption. This is not the first time that the Parliament approved the budget without the submission of his government for the final accounts, and the phenomenon of non-submission of final accounts is normal, but it came to the request to submit is the strange phenomenon. And not to provide an assurance of widespread corruption and waste of billions of dollars.

Article (4) of Chapter II referred to the allocation of (400) billion dinars to the provinces for the purposes of reconstruction and development and identified that the (governor) is responsible for disbursement and implementation and the provincial council (watching) .. The question here: How to be the governor responsible for "drainage" And the provincial council "watching", they are the first accused of corruption and theft of public money over the past years ?!

Article (5) of Chapter II also requires a very strict control of the provinces, which are examined in the report by the Integrity Commission and the Bureau of Financial Supervision, the Public Prosecution and the media.

4. With our firm support for the armed forces, it is not prudent (borrowing two billion and five hundred million dollars) to guarantee the institutions of international exports to buy weapons to (Defense, Interior and the Popular Struggle and Counterterrorism) as mentioned in Chapter II of the budget. Because the battle after the announcement of the final military victory on the organization of the preacher of the terrorist need to rationalize and control the fire and the optimal use of equipment and military mechanisms. It is necessary to undermine intellectual extremism and rid society of these destructive ideas.

5. Article 28 of the budget law stipulates that the Ministry of Finance to open an account on behalf of the crowd to deposit (cash donations) to the crowd, without mentioning (the donors).

Article (21) of the budget The Government committed itself to review the contracts of oil licensing rounds and amend the terms of contracts in order to preserve the interests of Iraq during this year inevitably. This article is good and needs to be followed by the Ministry of Oil and public announcement of the work of transparency.

Article (II / A / X of Chapter III) obliged the Government of Kurdistan to export 250,000 barrels of oil per day from its fields and revenues are handed over to the federal treasury. And on the 4th of this month.Nechervan Barzani announced at his press conference that Kurdistan oil revenues go to the territorial government. In accordance with paragraph (c) of the same article, the amount of the amount of the share is to be deducted and settled with the Territory.

8. The budget approved in paragraph (V / A of Chapter III) not to appoint the owners of ministries and all state institutions during the current year because of the fiscal deficit, and this process is the rotation and increase of the unemployment rate, especially among young graduates. But in paragraph (d) of (V / A Chapter III) authorized the appointment of members of the provincial councils, districts and districts in the ministries and other institutions with the same title and the employment of his service in the Council service for promotion and retirement .. This injustice against young graduates who have been looking for work for years without result.

9. Article (13 / a of Chapter III) confirmed that the appointment of (Director General) in the ministries in the absence of degrees for that. The real reform requires that the Director General be professionally graduated within his job and efficient and do not serve in the job for 15 years .. The appointment of a director general from outside the state institutions for being a party of power. As is the case today with regret.

10. Paragraph (B / 13) called for the transfer of "general managers" to retire an exception to the law of retirement who does not have an administrative formation .. And the question: How many people have this job description?And why the exception from the law of retirement and the state desperately need to one dinar to fill its deficit and strengthen its treasury.

11. Article (18 / a / Chapter III) authorized the ministries and governors to impose new fees on citizens in addition to sovereign taxes .. This article needs to study and depth and scrutiny in all respects and not make the Iraqi citizen a victim of public money.

12. Paragraph (III / 18 of Chapter III) to allocate 50% of the revenues of the ports of the borders of the provinces in which those ports .. We believe if the allocation rate 25% instead of 50% to strengthen the federal treasury, especially the rate of corruption is very high in the provinces and in the same outlets.

13. Paragraph (e / 26) to the government and transparency work The subject of selling cars in the Iraqi media to ensure the sale of cars of officials actually burdened the state budget and comply with the preparation of cars referred to in paragraphs (a, b, c, d) of the same article. And motorcades of officials not less than 40 cars and this is a waste of public money and contradicts with their "national" statements.

14. Article (42 / a) Is not enough work in the institution of political prisoners after 15 years of work and everyone take the rights and privileges and my presence to exist because they are exhausting administrative tail and enough political and electoral auctions at the expense of the already paralyzed state budget.

15. Article (43) Transfer of 420 billion dinars from the Ministry of Immigration to the provinces (Anbar, Nineveh, Salah al-Din, Kirkuk, Diyala) to build infrastructure and support stability. We consider this amount (new livelihood) for the governors and their councils and will distribute the amount between them. We emphasize here should be stressed on the mechanism of disbursement of these amounts by the Commission of Integrity and Financial Supervision, the Prosecutor General and the Iraqi media.

16. Article 46, paragraph (4) The issue of dissolving (the Department for Disarmament and the Integration of Militias and the transfer of its personnel to the Ministry of Finance) has already been mentioned in previous budget laws.

17. Budget 2018 The external borrowing budget can be described. We hope that the regulators will have to scrutinize and monitor, in accordance with strict mechanisms, to prevent the corrupt from exploiting these loans that are originally intended for reconstruction and construction. And in implementation of the directives of Mr. Abbadi, who stressed that the loans of the Kuwait Conference for the reconstruction of Iraq will be mechanisms of disbursement very precisely in order to save public money.

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After the budget .. 36 bills awaiting legislative birth


12:45 - 05/03/2018
 
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MP revealed the National Alliance Mohamed Chihod, on Monday, the existence of 36 draft law awaits the vote in the House of Representatives after the adoption of the law of the general budget for 2018, stressing that among them "important" laws belonging to large segments.

"There are 36 draft laws ready to vote after the completion of reading the first and second reading and the completion of the discussion," he said, adding that "these laws are waiting for the quorum to be completed in the next sessions to pass."

"These laws include the Health Unions Act, which is considered an important legislation to be adopted in addition to the Nurses Act," he added, noting that "these laws are the latest work of the House of Representatives for its current session."

The MP for the National Alliance Hilal Sahlani confirmed earlier that the blocks and components of the National Alliance is in the process of mobilizing its deputies to resolve the problem of non-quorum of meetings and pass the laws stalled.

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A prospective meeting of the Kurdish deputies with infallible to determine the position of the budget


10:34 - 07/03/2018  
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A member of the Patriotic Union of Kurdistan, MP Tavka Ahmed, on Wednesday, that the Kurdish deputies will meet with President Fuad Masum in order to determine his position on the budget, noting that the passage of the budget depends on ratification of the budget or challenged by the President of the Republic.

"The second deputy speaker of the parliament, Aram Sheikh Mohammed, and a number of Kurdish deputies will meet with President Fuad Masum in order to take the Kurdish position on the budget," Ahmed said in a statement.

She added that "infallible and if not ratified the budget, it will pass within 15 days and published in the official newspaper," noting that "the President of the Republic can challenge the budget and return to the House of Representatives to vote again."

She pointed out that "the budget may receive an amendment in the event of returning to the House of Representatives," asserting that "the Kurds will resolve their position on the budget and the political process after meeting with infallible."

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US policy declares its position on the balance of the balance between Baghdad and Kurdistan

America declares its position on the balance between Baghdad and Kurdistan 

7th March, 2018

America refused to intervene in resolving the dispute between Baghdad and Kurdistan in terms of the federal budget. 

Since the fall of Saddam Hussein in 2003, it has been customary to allocate 17 percent of the federal budget for the Kurdistan region after the sovereign expenses, but the provincial government says it did not receive this amount. The federal government says it stopped transferring money after the province began exporting oil independently, which Baghdad considers illegal.
 

The dispute has been further complicated by the 2018 budget approved by parliament on Saturday in a vote boycotted by Kurdish parties. 

The Kurdistan region will now receive budget allocations after sovereign expenditures in line with the proportion of the population of Iraq, which says Abbadi it is 12.67 percent.

"We have good relations with Kurds as well as with the Iraqi government, so we encourage them to work together to solve their problems," State Department spokeswoman Heather Nauret told a news conference. 

"With regard to the Iraqi budget, which was approved in recent days, we see that it is generally an internal Iraqi affair will not interfere in it." 

"We support the government of Iraq and the Kurds in particular, they are important allies for us," she said.

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Parliamentary Finance: Budget amendments were made with the approval of this official

BAGHDAD - The Parliamentary Finance Committee confirmed on Wednesday that the final amendments voted by the House of Representatives in the Federal Budget Law 2018 were approved by the Prime Minister.

The committee member Jabbar al-Abbadi said in a press statement that "all the final amendments approved within the law of the federal budget 2018, was approved by the Prime Minister Haider Abadi," noting that "there were changes occurred at the last minute during the budget reading session to vote, To review the government and it is decided to appeal or not. "

He added that "the amendments made with the approval of the government to allocate 50% of the revenues of border ports to develop those ports and support projects in the provinces themselves, and the conversion of investment contracts in the province for the appointment of teachers and teachers, the provinces to continue to pay their salaries, as well as install the daily procedure who have uninterrupted service For four years, and reinstated their contracts. "

The House of Representatives voted this weekend on the Federal Budget Law 2018, amid the district deputies representatives of Kurdish blocs and parties.

On February 3, the House of Representatives voted on the draft budget bill for 2018 in full.

A parliamentary source said that "the House of Representatives and during its ordinary meeting, today, completed the vote on the draft budget law for the year 2018 in full."

Prime Minister Haidar al-Abadi congratulated the Iraqi people for launching the general budget law for the year 2018, and called on the ministries, institutions and departments of the state to carry out their duties in the best way.

Al-Abbadi's office said in a statement that the last here is all the Iraqi people to launch the general budget law for 2018, and enable the government to carry out its responsibilities and implement its policies and development projects and service and its economic and social program and secure the rights and interests of citizens and salaries of employees throughout Iraq.

http://sumer.news/ar/news/2684.....9%88%D9%84

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Two sessions separating parliament from the curtain on its current session

In the policy of March 7, 2018 

 
BAGHDAD / SNG - MP in the National Alliance Amer al-Fayez, on Wednesday, two sessions separating the House of Representatives to end the curtain on its current session, pointing out that the current legislative term will end in April.

"The House of Representatives is scheduled to hold two sessions of its current age before announcing the end of its current session which began in July 2014," Al-Fayez told SNG.

Fayez added that "the current legislative term will end the beginning of April next, after about 20 days," noting that "the House of Representatives will not be able to discuss a lot of laws and paragraphs during this short time."

The MP for the National Alliance Mohamed Chihod revealed in a previous statement about the existence of 36 draft law waiting for the vote in the House of Representatives after the adoption of the General Budget Law.

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Federal Budget Law of the Republic of Iraq for the fiscal year 2018

 POSTED ON 05/03/2018

Budget-2018-image.jpg

 

To download the Federal Budget Act for the fiscal year 2018 as published by the House of Representatives click on the following link :

Federal Budget Law of the Republic of Iraq for the fiscal year 2018 - Iraqi Council of Representatives

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Budget of 2018

08/3/2018 12:00 am 

Dr. Basem Ibrahimi

Finally, the budget came out of the womb of the parliament in a caesarean way, as is the case with its sisters, the previous budgets. However, the new baby is different in some of its genes than before. For the first time, the percentage of Kurdistan is lower than 17%, and it has passed without consensus with the Kurds. Its political genes as well as its economic genes have abandoned the deductions imposed on former employees.


It also appeared burdened by eight trillion dinars to pay installments and service of internal and external debt of one hundred and four trillions of size, and it included the salaries of employees in the Kurdistan region. 

As for the resemblance, the budget approved a deficit of nearly twelve trillion dinars, as built on the estimated quantity of oil exported estimated at three million and nine hundred thousand barrels per day contribute to the Kurdistan region by two hundred and fifty thousand barrels of them, and we see that this exaggeration to a certain extent, and therefore did not The current budget can leave the problems of its predecessors, especially the excessive optimism when
estimating revenues.


What counts for this budget is that it was conservative in calculating the price of the expected oil barrel as it remained at the threshold of (46) dollars, which is below the current price of almost $ 20, as well as the parliament to reduce the size of the deficit on which the budget was built in the first version by almost half, This could contribute to financial sustainability while maintaining the possibility of preparing a supplementary budget in the event of an increase in revenues than expected to cover the proposed projects.

The budget in any country represents the economic program of the government in that country for the next financial year, which means that the budget usually carries the political visions of the government prepared by the result and the dispute and the dispute between the government and parliament are two things are normal, but our dispute has a specificity, On the operational budget and neglected the investment budget, the first task on the short term and the second on the long term In this budget becomes more important first for the upcoming elections, knowing that the ratio allocated to the investment budget is very good, but the question remains: how much implementation rate What will you achieve  ?

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Loans from these countries to finance the fiscal deficit in the Iraqi budget
رئيس الوزراء العراقي حيدر العبادي 

8th March, 2018

The federal budget figures for Iraq, the existence of a financial deficit in 2018, amounted to 12 trillion Iraqi dinars, and is scheduled to be covered by international revenues and loans.

According to the second chapter, in the second article of the budget, which obtained " Sputnik " a copy of which, voted by the Iraqi Council of Representatives on Saturday, March 3, the total deficit planned for the federal budget for the fiscal year 2018 amounted to (12.514. (516,348) thousand Iraqi dinars.

This deficit is covered by the realized surplus, then internal and external borrowing, excluding foreign-funded loans for projects included in the gap table funded by the deficit, and the amounts of cash transferred in the Federal Ministry of Finance account of increasing the selling price of crude oil exported or increasing crude oil exports, Shown below:

Total revenues (91,643,677,236), oil revenues (77,160,392,640), non-oil revenues (14,483,274,596), total expenditures (104,158,183,734), current expenditures (79,508,071,596), total investment expenditures (24,650,122,138) (19,133,793,788), investment expenditure through foreign loans (5,516,318,350), total planned deficit (12,514,516,498).

As indicated in the second article, "Second", the financing of the financial gap (deficit) from the balances of the accounts of ministries and entities not associated with the Ministry of government banks amounting to (250,000,000), and also from:

Balance in the account of the Ministry of Finance 742,835,421

World Bank loan, banks and other global companies 1,300,200,000

IMF loan for budget support 1,891,200,000

JICA loan to support the budget of 236,400,000

Saudi Development Fund loans 35,460,000

Foreign bonds 1,182,000,000

Transfers by banks 1,133,696,725

Loan (JBIC) 94,560,000

World Bank Loan / Projects 296,918,400

US loan for arming 834,964,800

The British loan (export loan) is 1,016,520,000

Loans secured by international export guarantee institutions 1,071,364,800

The German loan (KFW) is 179,664,000

The Swedish loan is 141,840,000

The Italian loan is 92,905,200

JICA JICA LOANS / PROJECTS 692103552

German loan "Siemens projects" 283,680,000

Maintenance project loans for the Ministry of Electricity from the Export Guarantee Corporation GE 413,700,000      

Kuwait Fund for Development 94,560,000

Loans from US OPIC or Global Export Guarantee Institutions 236,400,000

International Fund for Agricultural Development 5,673,600

French Development Agency (AFD) 87,870,000

It is worth mentioning that the Iraqi Council of Representatives voted after a repeated postponement after the differences on the federal budget last Saturday, despite the displeasure of all the political blocs including the affiliated Kurdistan Alliance, whose deputies boycotted the session in response to the reduction of the share of the region from 17% to 12%.

"We are not 100 percent satisfied with the federal budget, but the lowest estimate is that if we say 50 percent, we can pass some of the paragraphs that we were," said Mohammad al-Abed Rabbo, deputy head of the parliamentary foreign relations committee. We demand it, but as a complete satisfaction does not exist in the alliance of forces and not all other blocs. "

"We do not want to disrupt the work of the government, because there are a lot of things waiting for the budget to be approved so we went to the declaration, hoping to have a surplus of the budget from previous years as a result of high oil prices.

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The Patriotic Union of Kurdistan confirms that infallible will not ratify the budget of 2018 and reasons

image.php?token=0c7f41639af85769f84f48e0ab061961&size= 

 

8th March, 2018
The MP of the Patriotic Union of Kurdistan Abdul Qadir Mohammed, on Thursday, that President Fuad Masum will not vote on the budget law in the event of the law included legal or constitutional violations, while considered infallible does not interfere in the controversial issues between Baghdad and Erbil as a 'party dispute'. 

"The President of the Republic does not interfere with controversial issues between the Kurdistan region and the federal government as a party to a dispute or a dispute, especially with regard to the laws that proceed in parliament and have disagreements or conflicts with the territorial government," Mohammed said in a press statement. 

He added that the president's view of the legislated laws is purely Iraqi in accordance with a legal vision that is far from being aligned to one party without another. Therefore, we do not believe that the existence of objections from the region on the essence of the budget will make the presidency of the republic to challenge the law or refuse to ratify it.

"The President of the Republic will study the budget as any other law reaches the presidency from the legal aspects, and in the event of violations of the law or constitutional it will not be approved and works to address so as not to exacerbate differences.

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32 minutes ago, 10 YEARS LATER said:

 

. . . Too right ! Otherwise, if this drags out much longer, they’ll be carrying ME out in a “ BASKET “. ;)

If you want to share the expense on a basket then i am in

i dont take up alot of room

and i guarantee i wont move 

 

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Member of the parliamentary finance : Iraq's total debt of 116 billion dollars


عضو بالمالية النيابية لـ"الغد برس": إجمالي ديون العراق بلغ 116 مليار دولار 

 

8th March, 2018

Iraq's total external and internal debt is $ 116 billion, a member of the parliamentary finance committee Jabbar al-Abadi said on Thursday. 

Abadi said in a statement to "Al-Gharab Press" that "the external debt of Iraq to the extent of 56 billion dollars, mostly about 41 billion dollars is outside the Paris Club, and the debts of the Gulf during the Iran-Iraq war." "These debts, which are mostly to Saudi Arabia, have not been demanded so far, but they have not waived them and remain frozen," he said. 

"The other part of the debt, amounting to about 50 billion dollars, is the internal debt borrowed by the government during the past three years to pay salaries and operating expenses."  "Most of the internal debts within the government system are controlled," Abbadi said, adding that "some refer to high figures and are calculated differently."  He called on all those who "criticize the debt to classify it according to the classification that I mentioned."
 
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Financial expert: Put 13 trillion dinars taxes in the budget a new window of corruption


18:03 - 08/03/2018  
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The financial expert Daoud Abdul Zair, on Thursday, imposed 13 trillion dinars taxes on citizens in the federal budget as a new window of corruption and extortion, while stressing that Iraq's exports cover expenses and not called for taxes.

"The 13 trillion dinars as taxes in the financial budget is a face and a new window of corruption and extortion of citizens and no need for them," Zayer said in a statement to the Agency / Information that "the General Authority for Taxation or those responsible for tax collection do not have any mechanism and technical possibility for the purpose of collection is correct These funds will be used. "

He added that "taxes are paid all over the world for the purpose of development or in the event of the provision of all service facilities, and philosophy is not a fine imposed on citizens," explaining that "there is no economic feasibility to impose these taxes and Iraq has the possibility of covering its expenses through export."

"There could be a surplus in the budget if it is properly exploited," Zayer said.

The House of Representatives voted on Saturday (2018/3/3), to include in the financial budget 13 trillions of taxes imposed on citizens and import goods.

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