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Six points of disagreement impede the adoption of the Iraqi budget


yota691
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2018/12/22 11:04
  • Number of readings 37
  • Section: Iraq
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Iraq will pay 16 billion dinars as interest and premiums for international loans

BAGHDAD / The obelisk: Member of the House of Representatives Iqbal Abdul Hussein, Saturday 22 December 2018, that Iraq will pay more than 16 billion dinars as interest and premiums of international loans and treasury remittances during the next year.

"Iraq is obliged to pay two billion dinars, 55 million, 873,000 and 556 dinars in the next year's budget as interest on the international loans granted to it," it said in a statement.

She added that "37 billion and 3 million and 854 thousand and 372 dinars will be paid as interest on Treasury transfers" auctions "and within the budget.

"The 10 billion and 928 million and 807 thousand and 345 dinars were calculated as installments of loans will be paid within the budget of 2019.

She pointed out that the need to adopt a sound economic policy can avoid the international loans that have worn down Iraq over the past years and do not know so far what is the benefit from them. 

Follow the obelisk

http://almasalah.com/ar/news/159078/العراق-سيسدد-16-مليار-دينار-كفوائد-واقساط-للقروض-الدولية

 
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 money and business


Economy News / Baghdad ..

 The parliamentary Finance Committee confirmed on Sunday that it is not possible to manipulate the estimated prices of a barrel of oil in the budget of 2019, noting that any drop in prices will be avoided through loans granted to Iraq.

 Committee member Haneen al-Qaddu said in a press statement that the budget put the speculative price of oil at $ 56, a good price that can not be reduced as rumored.

 He said that the Iraqi economy is very affected by international oil prices, but it is able to compensate any shortage through tax funds and others.

"The government can withdraw its loans to the World Bank and the International Monetary Fund if there is a need to invest them in new projects," he said.


Views 34   Date Added 23/12/2018

 
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Parliamentary delegation intends to go to Kurdistan to stabilize the share of the province budget and the collection of customs

14:07 - 22/12/2018
 
  
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Information / Baghdad ..

The parliamentary Finance Committee revealed on Saturday its intention to visit the Kurdistan region in the coming days in order to establish the share of the region in the budget and know the funds obtained from the sale of oil and customs points, likely to resort to the federal government to law 1/12 during the next two months for the inability to pass the budget.

"A delegation from the Finance Committee will visit Erbil during the next few days to discuss the stabilization of the share of the Kurdistan region and know the funds obtained from the airports and the customs and the sale of oil from the north," said Haneen al-Qado, a member of the committee.

"The passage of the budget by the end of this year is unlikely because of the need for extensive amendments in the draft law and intensive meetings with the government to see the actual need of the government," Qaddo said.

He pointed out that "the government will work under the State Administration Law 1/12 during the next two months to spend money and salaries of employees until the adoption of the budget." Ending / 25 d

https://www.almaalomah.com/2018/12/22/375734/

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Sunday, December 23,
 
 
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Alsumaria News / Baghdad 
Revealed a deputy for the coalition pass, on Sunday, the absence of the federal budget for the next year 2019 from any paragraph that includes Kirkuk oil imports. 

MP Jamal Fakhir said in an interview with Alsumaria News that "the budget of 2019 does not include a paragraph on imports of Kirkuk province of oil exports," and called on "the government and the Ministry of Oil to clarify the matter and the reasons for not included in the budget." 

He called the luxury "the House of Representatives to restore the budget of the government for the purpose of including those imports," stressing that "Kirkuk oil is a federal and represents the right of the Iraqi people."

 


The House of Representatives, has completed the first reading, the federal budget for Iraq for the next year 2019 during its meeting on Thursday, 20 December.

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Sunday, December 23
 
 
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Alsumaria News / Baghdad
MP on the current government Hassan Khalati, Sunday, that the Parliament does not need to vote on the extension of the current legislative term with the near end of the existence of the budget within the corridors of the House of Representatives, noting that the Constitution clearly indicated that the legislative chapter, which presented the financial budget not It ends only with approval. 

Khalati said in an interview for Alsumaria News, "The House of Representatives does not need to vote on the extension of its legislative chapter with the near end of the existence of the federal budget for the next fiscal year," noting that "the Constitution clearly pointed out that the legislative chapter in which the budget is presented only ends with approval" .

 

 


Khalati said that "the legislative chapter four months ends by the end of the current year, and as long as the budget has been presented in the agenda of the Council was read the first reading, there is no need to extend because the legislative term will not end only by voting," explaining that "Parliament will wait for the adoption of the budget in any month of Next year and then declare the end of the legislative term. " 

It is noteworthy that the House of Representatives completed in its meeting held on Thursday (20 December 2018) the first reading of the draft federal budget for the fiscal year 2019.

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  • yota691 changed the title to Member of the Parliamentary Finance surprise surprise about the budget of 2019
Editorial Date: 2018/12/22 20:30  1713 times read
Member of the Parliamentary Finance surprise surprise about the budget of 2019
(Baghdad: Al-Furat News) A member of the Finance Committee of Parliament, Siham al-Musawi, on Saturday, a surprise for the federal budget for the year 2019.
"There is a series of meetings and discussions that will precede the adoption of the budget to read the second reading in the next Monday's session, which will be subject to discussion and comments before approval, which may take a month or more." 
Moussaoui described the budget as "miserable and does not contain any change from its predecessors," noting that "the parliamentary finance presented to the Ministerial Committee 47 observations, but the latter took only one observation in terms of the development of the regions and increased to 2 trillion." 
She pointed out that "the Kurds got their full credit in the budget of 2019, and we do not expect to be delayed recognition by the region, but a number of other things." 
The House of Representatives read the law of the general budget read first while the second reading will be started in the meeting next Monday
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A parliamentary source reveals to the "information" share of the region and the price of a barrel of oil by the budget of 2019

19:55 - 22/12/2018
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Information / special .. 
revealed a parliamentary source in the Finance Committee, Saturday, for determining the share of theKurdistan region in the budget of 2019 by 12% and determine the price of a barrel of oil to $ B56 per barrel. 
The source said in a statement to the agency / information / "The share of the Kurdistan region proved in the budget of 2019 by 12%, despite demands by the Kurds to raise it to 14%." 
He added that "the price of oil mileage was set at $ 56, despite the fluctuation of prices between the rise and fall," noting that "the paragraph fix the employees of the contracts of the Ministry of Electricity was added formally to the budget and with the consent of all members." 
The source explained that "the budget is subject to changes during the next amendments," noting that "it is hoped that the second reading of the budget session next Monday." 
The House of Representatives has finished, last Thursday, the first reading of the budget bill 2019

 

https://www.almaalomah.com/2018/12/22/375882/

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Editorial Date: 2018/12/23 20:05  379 times read
In the figures .. Prefectures ratios in before and after the modernization of the budget of 2019
{Baghdad: Al-Furat News} The updated version of the draft budget law for the year 2019, a difference in the increase of financial allocations in the proportions of provinces of the budget.
The change excluded the province of Kirkuk, which was reduced budget in the new modernization. 
The first version of the budget bill was submitted on October 8, while the updated version was submitted on December 19. 
The increase also included the provinces of Kurdistan region. 
The total amount of budget before the modernization more than 128 trillion dinars deficit of 22 trillion dinars, and the amount after the modernization to 133 trillion dinars, and raised the deficit to 27 trillion dinars.

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"Information" published in figures revenue and expenditure and deficit in the financial budget 2019

17:38 - 24/12/2018
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Information / Baghdad ... 
publishes agency / information / figures of revenues and spending and the deficit in the budget for fiscal year 2019 
includes budget law , according to official figures obtained by / information / " The budget revenues areestimated at (105 569 686 870) (one hundred and five trillion five hundred and sixty - nine billion six hundred and six And eighty million and seven hundred and seventy thousand dinars) according to the calculation of the revenues from the export of crude oil based on the rate of $ 56 a barrel. 
The estimated expenditures in the budget amount to (133107616412) thousand dinars (one hundred and thirty three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars), while the total deficit planned (27537929542) thousand dinars (twenty seven trillion and five hundred and thirty-seven billion nine hundred) Twenty-nine million and five hundred and forty-two thousand dinars). Ending / 25

https://www.almaalomah.com/2018/12/24/376527/

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The budget of 2019 obligates shopping centers and barbershops to activate the electronic cashier

Wednesday 26 December 2018
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Baghdad - Nas

 The 2019 budget, malls, shopping malls and barbershops required the acquisition and operation of the electronic cashier, according to the text of the bill, which was read by Nass.

Article 19ter A of the text of the draft law published earlier by NAS states that "a sales tax of 5% is levied on all goods sold in malls and shopping centers, services provided in men's and women's barbershops, and all parties referred to Electronic device ".

The political forces in parliament have not been able to achieve the necessary consensus on the draft budget, amid objections from a number of provinces.

It is expected that the budget law, at the top of the list of priorities of the Parliament, after the end of his vacation on the eighth of next month.

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https://www.nasnews.com/موازنة-2019-تلزم-مراكز-التسوق-وصالونات-ال/

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Allawi: the budget of 2019 explosive and similar to the counterpart in 2010

Home Number of readings:

Allawi: the budget of 2019 explosive and similar to the counterpart in 2010

  The deputy of the coalition of construction, Abdel Aoun Allawi, on Tuesday, the budget of 2019 with a similar blow to its 2010 counterpart, indicating that the budget includes the payment of 30 trillion debt of the World Bank and the IMF and Germany and Britain. Allawi said in a press statement received "the Covenant News" a copy of it,'the budget of 2019 burst after reaching 132 trillion dinars and close to the 2010 budget, but disappointing to have a large deficit'. "The budget contains the repayment of the debts of the World Bank, the International Monetary Fund, Germany, Britain and some other countries," adding that "Iraq pays from the budget of 2019 debt about 30 trillion dinars." He explained that 'the Council is working on the transfer between the doors of the budget and reduce the rates of exchange and to maximize imports to reduce the proportion of deficit by the budget of 2019'. 
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Parliamentary finance reveals an unspoken agreement on the share of the province in the budget

Editor's note:: 2017/12/26 18:21  577 times read
Parliamentary finance reveals an unspoken agreement on the share of the province in the budget
(Baghdad: al-Furat News) revealed a member of the Finance Committee parliamentary Ahmad al-Haj, the existence of an undeclared agreement between the governments of the Kurdistan region and the center on the federal budget for the year 2019.
Al-Haj confirmed to the Agency {Euphrates News} about "the existence of an agreement between the region and the center on the share of Kurdistan from the budget of 2019," explaining that "it was agreed to allocate {9} trillions and more than 700 million dinars in exchange for the delivery of 250 thousand barrels of oil per day to Sumo" . 
It is noteworthy that a member of the Finance Committee parliamentary Siham al-Moussawi revealed {for the Euphrates News} that, the Kurds got their full benefits in the budget of 2019, and we do not expect to be delayed recognition by the region, but a number of other things. 
The two main Kurdish parties, the Kurdistan Democratic Party led by Massoud Barzani and the Patriotic Union of Kurdistan led by the family of the late President Jalal Talabani, confirmed that the share of the region must be 17 percent of the financial budget for 2019. Ended
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9 hours ago, yota691 said:

Allawi: the budget of 2019 explosive and similar to the counterpart in 2010

Home Number of readings:

Allawi: the budget of 2019 explosive and similar to the counterpart in 2010

  The deputy of the coalition of construction, Abdel Aoun Allawi, on Tuesday, the budget of 2019 with a similar blow to its 2010 counterpart, indicating that the budget includes the payment of 30 trillion debt of the World Bank and the IMF and Germany and Britain. Allawi said in a press statement received "the Covenant News" a copy of it,'the budget of 2019 burst after reaching 132 trillion dinars and close to the 2010 budget, but disappointing to have a large deficit'. "The budget contains the repayment of the debts of the World Bank, the International Monetary Fund, Germany, Britain and some other countries," adding that "Iraq pays from the budget of 2019 debt about 30 trillion dinars." He explained that 'the Council is working on the transfer between the doors of the budget and reduce the rates of exchange and to maximize imports to reduce the proportion of deficit by the budget of 2019'. 

Now that sounds pretty promising. Thanks Yota!!

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26-12-2018 05:29 PM
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Baghdad:

MP of the Construction Coalition Abdul-Amir Taiban al-Dabbi, on Wednesday, that the budget next year is explosive but not fair to the Iraqi people, while he pointed out that 30 trillion dinars, including salaries go to people living outside Iraq. 

Al-Dabbi said in a statement received by the 'news' that' the budget next year is explosive but exaggerated but not fair for the Iraqi people, the value of the investment budget of 32 trillion dinars, and the question here how a country emerged from the battles and its service is bad to be this investment budget. 

He added that 'the value of the operating budget in the budget up to 98 trillion dinars and 30 trillion of which are the salaries of people living outside Iraq, including in America, Britain, France and other countries.

He explained that 'these are mostly prisoners of Rafha and those who have a jihadist service,' noting that 'the value of salaries paid to these is the state budget and should have been allocated these amounts to young Iraqi graduates who did not find a chance to work in the country's budget explosive'.

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The budget of 2019 obligates shopping centers and barbershops to activate the electronic cashier

Wednesday 26 December 2018
article image
 
 
 
 
 

Baghdad - Nas

 The 2019 budget, malls, shopping malls and barbershops required the acquisition and operation of the electronic cashier, according to the text of the bill, which was read by Nass.

Article 19ter A of the text of the draft law published earlier by NAS states that "a sales tax of 5% is levied on all goods sold in malls and shopping centers, services provided in men's and women's barbershops, and all parties referred to Electronic device ".

The political forces in parliament have not been able to achieve the necessary consensus on the draft budget, amid objections from a number of provinces.

It is expected that the budget law, at the top of the list of priorities of the Parliament, after the end of his vacation on the eighth of next month.

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this is just talking about the rate of exchange difference between the official and the market rate, by going digital it stops these industries from scamming people and giving them a different rate for the currency then what they should be getting. digitization keeps people honest. ( in theory)

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On 12/26/2018 at 4:31 AM, yota691 said:

reduce the rates of exchange and to maximize imports to reduce the proportion of deficit by the budget of 2019'.  :crossedfingers:

Im glad they are finally listening to us. Better late than never. Sheez

Edited by jg1
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  • yota691 changed the title to Six points of disagreement impede the adoption of the Iraqi budget

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