Six points of disagreement impede the adoption of the Iraqi budget

[yota691]

Parliamentary Finance: We will seek to stabilize the owners of contracts and provide degrees of employment in the budget of 2019

Editorial Date: 2018/12/15 11:21 • 188 times read

(Baghdad: Al-Furat News) Member of the Finance Committee MP Hoshyar Abdullah that his committee will seek to stabilize the holders of contracts and provide grades in the budget in 2019.

He said in a press statement received by the agency {Euphrates News} a copy of it today, "One of the priorities of the Parliamentary Finance Committee in the budget of 2019 fix the owners of contracts, whether belonging to the Ministry of Electricity or the rest of the ministries, and finding degrees of employment for graduates and unemployed, it is not reasonable that over the previous years, Any functional degree ". 
"The next year's budget includes encouraging the private sector and creating a new vision to strengthen it by encouraging investment projects and facilitating their procedures, and thus will also create employment opportunities for those who did not get appointments." 
He called on the executive to "cooperate with the legislative authority, including the Finance Committee with regard to the budget."

[yota691]

Iraq decides to pay the payment of dues group diamonds equivalent to black oil

 

energy Economy News _ Baghdad The Council of Ministers approved the payment by the Minister of Oil of the receivables of the Mas Holding Group with its equivalent of black oil at international prices under the 2017 contract. The approval of the Council of Ministers comes on the recommendation of the Energy Committee, as the group's receivables amount to 44.2 million dollars. The recommendation stipulates that the amount shall be considered by the Ministry of Electricity, provided that the final installment is included in the allocations of the Ministry of Electricity in the draft Federal Budget Law for the year 2019. Views 82   Date Added 12/16/2018

[yota691]

A member of the parliamentary finance reveals the reasons behind the delay of approving the budget

Date of release:: 2018/12/16 18:24 • 453 times read

(Baghdad: Al-Furat News) A member of the Finance Committee parliamentary Siham Ugaili, on Sunday, the reasons for the delay in the adoption of the General Budget Law for the year 2019.

"The delay of the completion of the ministerial cab does not affect the adoption of the law of the general budget for the year 2019, and the reason for delay in the approval of the low price of a barrel of oil." 
She added that "the parliamentary financial committees and its ministerial meeting met and a number of proposals and observations were submitted to be completed and returned." 
"After the drop there will be a change in the budget, but it will not include salaries that are considered a red line but will include part of the expenses if the drop remains and wait for the stability of the price of a barrel of oil. is over

[Butifldrm]

Parliamentary Finance reveals the date of approval of the federal budget for 2019

19:27 - 16/12/2018

0

 

  

Information / special ... 
The Finance Committee of the parliamentary, on Sunday, the date of approval of the federal budget for 2019, and pointed out that the budget will be approved during the three months of next year, attributed to the instability of the prices of the sale of world oil and its decline suddenly and large. 
The Committee member Siham Shannon told the agency / information /, "The draft federal budget law for the year 2019 will be subject to discussion and reading and voting within the parliament during the three month of the beginning of next year," noting that "the decline in world oil prices caused delays in the adoption of the federal budget" . 
Shannon added that "the parliamentary finance seeks in cooperation with the Ministry of Finance to reduce the price of selling barrels of oil within the budget without 50 dollars for not entering the country with a large fiscal deficit during the new budget," indicating that "the final price will be put during the meeting of Finance Parliament and Finance Minister Fouad Hussein In the coming days. "
"The reduction of expenditures in the federal budget will include not only unimportant expenses without prejudice to expenses related to staff," explaining that "the Finance Committee seeks to expand the grades of unemployed graduates." 
Earlier, UBS had expected oil prices to rise to $ 85 over the next six to twelve months, boosting expectations for the Middle East. End 25 T

https://www.almaalomah.com/2018/12/16/374064/

[10 YEARS LATER]

Won’t hang my hat on this ...disagreeable natures, foot dragging and such seem to throw monkey wrenches into the works....we’ll see.

[yota691]

This is for 2018 Budget...

The amendment of four articles in the budget of 2018 relating to the grades resulting from the movement of owners

 

Employees in a real estate registration department

money and business Economy News Baghdad On Wednesday, the Economist News received a document containing the amendment of Articles 3, 5, 6 and 7 in the 2018 budget, relating to the provisions of the Second Amendment to the Appointment Instructions on the job class resulting from the movement of owners No. 4 of 2018. According to the document signed by former Prime Minister Haidar al-Abadi, the article (III / 2) is amended according to the following: "Applications for appointment to fill the advertised vacancy shall be accepted in accordance with the application form for the associated service within a period not exceeding twenty Days from the publication date of the advertisement in the newspaper (facts) ". The amendment of Article III.3 shall also encourage the applicant, if the applicant is proficient in a specific profession such as translation or beating on the printing machine, the competent minister or the head of the non-affiliated body may test for the purposes of appointment. The document also included the amendment of Article (V / 2) to be in accordance with the following: "Determination of at least 15% of the newly created grades for the purpose of appointing the holders of higher diplomas." With regard to Article VI, its amendment ensures the adoption of certain criteria in determining candidates for appointment to vacant posts. "In 2016, a contractor shall be awarded to the State institutions two degrees for each contractual year and no more than 25 years", as well as a further amendment concerning " Daily and volunteer work degree for each year and no more than (25) degrees. " As for graduation rates, Article 6 indicates that the student has an average grade of 25, a very good grade (20), good (15), average (10) and acceptable (5). Article 7 is amended according to the following: "The competent minister or the head of the entity not affiliated with the Ministry may conduct a written or practical test. The nomination for appointment shall be among the successful according to the success rate in the test and the winners shall be awarded additional grades not exceeding 10 degrees."

Views 28   Date Added 19/12/2018

 

[yota691]

URGENT Ministry of Finance reveals the budget of 2019 and announce an important decision of salaries of employees

Date of release: 2018/12/20 9:03 • 2019 times prescribed

(Baghdad: Al-Furat News) The Ministry of Finance revealed important figures on the new draft budget law for 2019.

Undersecretary of the Ministry Maher Hammad Juhan said in a press statement that the Federal Budget Law for the year 2019 has passed several stages, as it was submitted to the House of Representatives, but it was not put then for discussion of an agreement between the government and the Presidency of the House of Representatives to be deliberated before entering into discussion in The House of Representatives " 
He added that" the ministry officials held meetings with members of the House of Representatives and briefed on the general framework before entering figures, and were heard from them and there were reservations and meetings were held with the Finance Committee and advisers and the Speaker of the House of Representatives, noting that these meetings were the recommendation of the Council of Ministers Which authorized the Minister of Finance "After the discussion of all ideas completed draft budget law and was submitted to the Council of Ministers and is currently there pending discussion and approval so as to be referred to the House of Representatives again."
He stressed that the budget that has been submitted to the Council of Ministers, adopted the price of a barrel of oil at $ 56 and an export rate of three million and 880 thousand barrels per day, including 250 thousand barrels from the Kurdistan region, "noting that" the budget contained a deficit of up to 28 trillion dinars, Up to 30 trillion dinars to add new figures related to the province and cooperation with the region and the ministry has put more than an option before the Council of Ministers in this regard, "noting that" the total federal budget for the next year, up to 132 trillion dinars. "
The Undersecretary of the Ministry of Finance said that the budget was characterized by flexibility in terms of employees such as variables such as bonuses and promotion and the calculation of service in addition to the equality of the sons of the crowd of the armed forces personnel to ensure the repetition of the problems of the job during the austerity experienced by the country, as the allocation of funds for these purposes in the budget and the allocation of Mali, corresponding to that and therefore the value of wages related to employees more than two trillion dinars from last year, noting that the budget responded to the changes taking place. 
The Undersecretary of the Ministry of Finance: The budget also contained the priority of the appointment of contracts to the permanent owners according to the movement of owners, and was granted authority to the Council of Ministers to exploit them in the best form except for employees of the Ministry of Electricity, which have priority and was placed in the text of the Federal Budget Law, stressing the contribution of these procedures in providing opportunities Work, but it will not cover everyone, especially as Iraq has nearly two million unemployed. "
He pointed out that the government should encourage the private sector to stop the slack in the state sector by granting private sector employees the privileges of state employees, The Government's progress towards this end "

[yota691]

 

Parliamentary finance reveals the new price of oil in the budget of 2019

Release date: 2018/12/20 7:30 • 642 times read

(Baghdad: Al-Furat News) revealed the parliamentary Finance Committee, the new price of a barrel of oil in the draft federal budget law for the year 2019.

Committee member Abdul Hadi Mohan told the {Euphrates News} that "the government set the new price of a barrel of oil in the budget at $ 56." 
He criticized "the government delegation that was sent to the Finance Committee increase the fiscal deficit in the budget because of low oil prices below the $ 60," adding that "from the budget as teachers of mathematics and not have experience in the economy and financial situation, and 
revealed , " We asked the government delegation to increase allocations for the development of regions and provinces "The price of the new oil [56 and Lara] is pessimistic about the Iraqis and we hope the government will change it," he said 
The member of the Finance Committee parliamentary, Siham Ugaili, revealed last Sunday , The reasons behind the delay in approving the law of parallel Of general in 2019.
"The postponement of the completion of the ministerial cab does not affect the adoption of the budget law, and the reason for delaying the adoption of the law is the low price of a barrel of oil." 
"After the decline there will be a change in the budget, but it will not include salaries that are considered a red line, but will include part of the expenses if the decline remains and wait for the stability of the price of a barrel of oil, or stay at $ 56 or reduce."

[Butifldrm]

Majida al-Tamimi explains in figures: the budget of Abdul-Mahdi reduced debt repayment and going in a dangerous direction!

Thursday 20 December

 

 

 

 

 

Baghdad - Nas

A member of the Planning Committee, Magda Tamimi, on Thursday, the latest amendments to the government on the draft budget law, warning of the risk of "a major imbalance in the management of public funds"

Tamimi said in a conference attended by the correspondent of "NAS", today (December 20, 2018) that "the budget bill of the year 2019, which returned to parliament from the government after the amendment was surprising because of the large increase in total spending, which increased from 132.2 trillion dinars To 133.1 trillion dinars, an increase of 900 billion dinars "

Tamimi added that the draft budget "reduced the premiums of external and internal debt from 11.01 trillion, to 10,79, which means delaying the termination of obligations is a wrong direction, as well as the reduction of the value of investment projects"

Tamimi pointed to the increase in investment spending from foreign loans and loans (TPI), warning of increased dependence on loans, and raising current expenditures to more than 100 trillion dinars.

On the value of the deficit in the amendment of the draft budget submitted by the government, Tamimi says it rose from 26 trillion to 27.53, which was considered another negative indicator.

The member of the Strategic Planning Committee surprised by the budget description of the "austerity" asking: "If the budget austerity value of 133.1 trillion dinars, how can be the budget explosive!"

Tamimi concluded that the budget in general, "increased reliance on debt, and raised expenses, while reducing debt repayment, and it is going in the wrong direction"

https://www.nasnews.com/ماجدة-التميمي-توضح-بالأرقام-موازنة-عب/

[nannab]

Good morning Butifldrm and DV  

[yota691]

Mawazine News publishes next year's budget as final

03:47 - 20/12/2018

 

 

 

 

[DWS112]

19 minutes ago, yota691 said:

Mawazine News publishes next year's budget as final

I just woke up but, I don't see any trillions! Just billions! Is this right??

Edited December 20, 2018 by DWS112

[Jaygo]

47 minutes ago, DWS112 said:

I just woke up but, I don't see any trillions! Just billions! Is this right??

I noticed the same.. hmmm

[yota691]

«Economy News» published draft budget 2019

 

House of Representatives "Internet"

money and business Economy News Baghdad: The Agency publishes "Economy News" draft federal budget law for the year 2019, sent to the House of Representatives for reading and voting. The draft financial budget for 2019 to maintain the price of a barrel of crude oil exported globally at $ 56 a barrel, and keep the dinar exchange rate against the dollar at 1182 dinars. The new amendment to the draft budget is to increase the number of employees of Iraq by more than 10 thousand people, and reduce spending ruling by 18.6 billion dinars, and the share of purchase of medicines from 1.1 trillion dinars to 1.5 trillion dinars, an increase of 400 billion dinars. The budget of the House of Representatives rose from 240.2 billion dinars to 275.6 billion dinars, and the total salaries of employees more than 3 trillion dinars, as it became 43.4 trillion dinars, having previously been 40 trillion dinars, because of the increase in the number of employees 10 thousand people. Public spending rose from 128.4 trillion dinars to 133.1 trillion dinars, accompanied by a rise in the planned fiscal deficit, which reached 27.5 trillion dinars after it was 22.8 trillion dinars.  To view the draft budget, click here Views 378   Date Added 12/21/2018

[DWS112]

1 hour ago, yota691 said:

and keep the dinar exchange rate against the dollar at 1182 dinars.

[yota691]

Equal salaries of the armed forces and the allocation of two trillions of dinars for the differences of salaries of employees

Nineveh - Iraq Press - December 20: The Ministry of Finance, on Thursday, the equality of salaries of the popular mobilization in the armed forces and the allocation of more than two trillion dinars within the federal budget law for the year 2019 for salary differences employees.

"The budget of the year 2019 was characterized by flexibility in terms of employees such as promotions, bonuses, promotion and service calculation, in addition to the equalization of the crowd in the ranks of the armed forces to ensure that the problems of the job did not recur during the austerity of the country," said Undersecretary Maher Hammad. The allocation of amounts for these purposes in the budget and the development of financial allocation corresponding to the value of salaries of staff has increased by more than two trillion dinars from last year, "noting that "The budget has responded to the changes occurring." Finished

[10 YEARS LATER]

Possibly more of the same ? ....and the roller coaster climbs again for yet more thrills for another year or 2 or 3 - or is there some smoke in all of this ?

[Mary B]

Iraq is to pay 16 billion dinars as interest and premiums for international loans

BAGHDAD / A member of the House of Representatives Iqbal Abdul Hussein, Saturday, that Iraq will pay more than 16 billion dinars as the benefits and premiums of international loans and treasury remittances during the next year.
"Iraq is required to pay two billion dinars, 55 million and 873 thousand and 556 dinars within the budget next year as interest on international loans granted to him," 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 remittances (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. Finished


http://aynaliraqnews.com/index.php?aa=news&id22=110990

 

[Bunk]

Peanuts,unless it goes,poof, 1Dinar to 1 Dollar. . 

[yota691]

Iraq is obliged to pay 16 billion dinars as interest and premiums for international loans in 2019

12:01 - 22/12/2018

 

 

 

 BAGHDAD - 
Mawazin News revealed a member of the House of Representatives Iqbal Abdul-Hussein Almathi, Saturday, that Iraq will pay more than 16 billion dinars as the benefits and premiums of international loans and treasury remittances during the next year. 
"Iraq is obliged to pay two billion dinars, 55 million and 873 thousand and 556 dinars within the budget next year as interest on international loans granted to him," Al-Mathai said in a statement received by Mawazine News. 
It added that "37 billion and 3 million and 854 thousand and 372 dinars will be paid as interest on Treasury remittances (auctions) and within the budget," indicating that "10 billion and 928 million and 807 thousand and 345 dinars were calculated as installments of loans will be paid within the budget in 2019." 
A member of the House of Representatives hinted at the need to adopt a sound economic policy can be avoided by international loans that have exhausted Iraq over the past years and do not know so far what is the benefit of them.

[yota691]

Political blocs demanding that the budget include functional grades and the abolition of privatization of services

03:22 - 22/12/2018

 

 

 

 

Baghdad - Mawazine News 

The National Approach bloc, Saturday, demanded that next year's budget include functional grades and the abolition of privatization of services. 
The head of the bloc Ammar Tohma in Bayat received / Mawazin News / copy, a set of proposals and observations on the budget for the year 2019:
 He called for the inclusion of the budget in the budget and employment opportunities through, the allocation of new degrees of employment and the launch of degrees of deletion and development of past years in various ministries and departments of the state, and support the agricultural and industrial sector according to guaranteed production projects create additional job opportunities for the unemployed and provide additional revenue to support public revenues Of the state, and the installation of contracts and wages in the daily ministries of service, especially the Ministry of Electricity in accordance with the standards and fair standards that extend the length of the contract and the achievement of scientific and age of the contract, and the allocation of loans to support small projects and give priority to craftsmen and professionals in the Wall And the implementation of specific projects are clearly feasible to address the crisis of water scarcity, which affected the agricultural development plan and deprived hundreds of thousands of citizens of their sources of livelihood, the abolition of the privileges of senior officials and the reduction of privileges of special grades and mobility to cover the costs of employment and support for the unemployed, .
He stressed the need to "review the rounds of licenses, which constitute the costs and entitlements of the work of their companies about 16% of the total oil revenues, according to the price of oil estimated at (56) dollars, for example, the allocation of the entitlements of foreign companies about 15 15 trillion dinars, and total oil revenues The expected 93 93 trillion, although more than half of the oil production by national efforts, and when the price of oil to (45) dollars will be oil revenues up to (74) four and seventy trillion, the proportion of costs and entitlements of companies licensing rounds to form about 20% Of total oil revenues As well as increasing the proportion of benefits companies with low world oil price.
He called on "to submit final accounts of previous years and discuss them and the statement of legal and judicial procedures regarding the observations and irregularities recorded on the accounts voted by the Parliament for the previous years, which stipulated the treatment and disclosure of the reality of banks allocations.
To move away from external borrowing and its repercussions on the national economy and its harsh conditions through activating the supervision of the banks of budget allocations and combating corruption, which disappears in public and foggy titles such as (other expenses, commodity inputs, service requirements and asset maintenance), which requires more details and a clearer statement of the terms. And the comparison of the exchange rates in these titles in the years of austerity to be a rough measure of the reality of need, and the pressure of unnecessary expenses and reconsideration of the priorities of allocations according to the basic needs of citizens and institutions And to encourage the voluntary saving of citizens instead of external borrowing and provide the benefits of foreign loans and high conversion of Iraqi citizens in exchange for voluntary savings, noting that the allocations of external debt benefits to the budget of 2019 (5.5) five and a half trillion dinars, the definition of expenditure realistic criterion far Guesses though
"The balance of the allocations (maintenance of the assets) is equivalent to (734) seven hundred and thirty-four billion dinars, and the total allocations (special programs), about (955) and five hundred and fifty billion dinars, of which (214) two hundred and fourteen billion (100) billion dinars to the Secretariat of the Council of Ministers .. And others, and these addresses require clear and detailed statements of the specificity and specificity of each of them and without these detailed explanations remain the possibility of waste and manipulation and corruption exist and in large numbers.
He pointed out that "the budget mentioned several allocations for the title of the joint (other parties under the Prime Minister and the Fund for the reconstruction of areas affected by terrorism) in the door of compensation of employees allocated 38 billion and thirty billion dinars, and in the section (grants and subsidies and other expenses) Maisawi (50) Billion, and in the door of investment projects (244) two hundred and forty-four billion dinars, in the section entitled Special programs allocated (214) two hundred and fourteen billion dinars The total allocations are about (546) five hundred and six and forty billion dinars, A common and vague address that needs to be reviewed and checked The other head of the government is a year and unclear and it is not clear what is allocated to this vague public address and what is allocated to the reconstruction fund ?? ". 
He pointed out that "these paragraphs need more clarification and a statement of all the detailed paragraphs to facilitate the control bodies to follow up and control the integrity of the procedures."
He added: "The need to adopt a fair standard in the allocation of investment projects allocations to the provinces, it is not fair to be the total allocations of the provinces of the center and the south of the nine in addition to the capital Baghdad by (2.1) two trillion and one hundred billion dinars, 7) two trillion and seven hundred billion dinars to the three provinces of the region. 
He explained that "the total budget of energy (oil and electricity and gas company Basra) is about (31) one and thirty trillion and compensation of employees, which is approximately (79) ninety-seven billion dinars only Compensation of electricity employees (46.5) Sixty-four Billion dinars represents less than four percent of the total budget of the Ministry of Electricity, and this is surprising to delay the installation of contracts and wages daily working in the ministry for many years.
He added that "the budget included within the compensation of employees for the popular mobilization by (122) thousand elements of allocations of about (1,507) one trillion five hundred and seven billion and the division of these allocations on the number mentioned and the result on the number of months of the twelve year, In the crowd of one million and twenty-nine thousand dinars (1,029,000) dinars. " 
"The budget includes the allocations of electricity fees purchased (1,13) one trillion and one hundred and thirty billion dinars, as well as the importation of fuel for electricity (3.8) three trillion and eight hundred billion dinars, totaling about (4) trillion, a large amount Very successive governments could have avoided spending if they worked seriously and keen to provide fuel from the national product, especially as many of the raw materials for electricity and waste go waste and loss, including gas associated with the establishment of power plants consume this product.
According to the statement, the lack of planning and the lack of seriousness causes the waste of (4) trillion dinars in this resource only !! " 
He added," The budget included the allocation of fuel expenditures (514) five hundred billion dinars, a resource in which a lot of suspicions and lack of careful control of safety cashed and conform with the realistic need. " 
He noted , " which included the budget of investment allocations of $ (5.9) five trillion nine hundred billion dinars for projects to be funded by foreign and Iraqi trade Bank loans, the need to detail and the statement of these projects and whether a priority and basic need for citizens requiring borrowing this The amount and the consequent expenses , We have repeated claim to clarify these paragraphs can afford to assess the feasibility of borrowing for it and whether available on the guaranteed safety measures in the exchange and no waste or irregularities in the implementation. "
He added that "the budget included the allocations of wages to buy electricity purchased from local investors for the year 2018 (810) eight hundred billion dinars and the proposal for the year 2019 (1.01) about one trillion dinars, and this large amount could be invested by the Ministry's companies technical cadres and returns to the state and give a percentage Including the cadres and workers and a percentage to provide new opportunities for work and at the same time is a catalyst for the development of production and increase of the same cadres of the ministry and its staff, knowing that this amount or more than a scheme to spend in the same way for the coming years according to the schedule annexed to the budget. 
"The budget tables indicate that the revenues of the Telecommunications Commission for the year 2018 (887) eight hundred and seven and eighty billion dinars, and estimates of revenues for the year 2019 (541) about five hundred and one and forty billion dinars, which is lower than the previous year by 40% Needs explanation and investigation. "
"In this regard, he also demanded a set of proposals that require companies to be awarded licenses at least 70% of the net profit generated by operating the licenses granted to the Iraqi state and reducing the period of licenses granted to companies from (15) years to (5) years In order to ensure greater commitment and greater competition to provide services and meet the obligations and conditions of licenses for the benefit of the Iraqi state, and the need to review the existing licensing contracts concluded by the Information and Communications Commission in the period since 2004 to ensure their compatibility with the laws and rebalance the profit to achieve greater revenues for the Iraqi state , And to review the allocations of embassies and consulates and diplomatic missions and to identify the actual need for the existence of many of them and their political or economic feasibility, especially that many of them did not engage in productive activity of the country only the financial drain of the public budget and provide this huge money for the Iraqi people and the unemployed and the provision of services.
He pointed out that "the estimated revenues from the export of oil at an export rate of (3.88) million barrels, including (250) thousand barrels of oil produced in the provinces of the region, and this amount is much less than the reality of the quantities produced in the region, Thousand barrels per day, so we demand an adjustment of the quantity required to be delivered from the oil produced in the provinces of the region to be the amount produced realistically and is marketed through the company Sumo exclusively.
"We note the lack of harmony in the paragraphs of the budget At the time that the State borrow from the outside to cover the budget deficit, we read in the tables of about (4.7) trillion and seven hundred billion dinars assets of ministries and entities not linked to the Ministry of government banks, as well as the balance in the account The Ministry of Finance (3) trillion, if the total of Maidur institutions and ministries of the state is about (7.7) seven trillion and seven hundred billion, why the rush for external borrowing and harsh conditions.
He stressed that "the continuation of borrowing amounts to finance projects and the needs of ministries without specifying the nature of these purchases and the quantity and prices to verify the reality of cost and not to exaggerate, as in the Ministry of Defense borrowing $ 500 million this year from the US Defense and Defense Cooperation Agency, The Japanese International Cooperation Agency this year for projects of the Ministry of Construction and Municipalities in the amount of (265) two hundred and sixty-five million dollars and the World Bank (155) one hundred and fifty-five million dollars without clarification of the nature and details of projects to be achieved with these loans and the cost of each project The purpose of monitoring and follow-up to the efficiency and integrity of the exchange and implementation. "
"The draft budget gives the authority to spend 48 billion dinars for the project of the Social Fund for Development in Iraq prior to the enactment of the law on the fund. It is supposed that the law on finding the fund and organizing its work and the statement of its duties and duties, The contents of the law, how to spend this money before the legislation of that law. "
Regarding the borrowing section, he said: "The draft budget authorizes the Minister of Finance after the approval of the Council of Ministers to borrow $ 2 billion to finance the Samawah water projects, the Baghdad Sewage and Water Project, the Assistant Oil Refining Unit (Ministry of Oil) project and the reconstruction of the affected areas. Details of the allocations of each beneficiary and make it a general paragraph does not determine the amount of each project or the Ministry or a party of this loan and the number of projects and priorities of the sectors covered, while we find in the paragraphs of external borrowing and another amount does not exceed (15) fifteen million dollars is mentioned and the subject of the project in detail and statement It is possible to assess the appropriate cost with the project to which the loan is allocated. "
He expressed surprise that "the draft budget authorizes the Minister of Finance to borrow by international institutions to finance investment projects for ministries when the achievement of additional financial deficit and determine these projects by the Council of Ministers, and in the previous paragraph authorized the Council of Ministers to conduct transfers between loan allocations specified in paragraph (3) (4) and change the name of the entity, knowing that the amount of loans allocated in paragraph (3) is approximately (5.1) five billion and one hundred million dollars, and the amount of loans allocated in paragraph (4) The total loan allocations specified in paragraphs (4.3) are approximately 9.9 billion And four hundred million dollars. "
He said, "We find clear confusion and lack of planning and priority, or how the government to borrow sums of this large amount of specific projects and ministries and then give the budget law to change the allocations and projects implemented by them !, Either the allocations of loans specific ministries and projects and sectoral priorities clear the need and benefit to citizens, To cover and fulfill those needs, projects and sectors, otherwise change and mobility including all those amounts (9,4) nine billion and four hundred million dollars, this shows poor planning and raises doubts about the fate of those allocations and disbursement in the appropriate places.
He pointed out that "the total budget of the Kurdistan region (operational and investment) is about (9) three trillions and three hundred billion dinars, and committed the budget of the region to hand over (250) thousand barrels per day to the federal government, The value of the equivalent of the value of the estimated (6) trillion dinars, and defined the budget to deduct Meisawi this share when the non-delivery of the territory, including two observations, will take the region even if not delivered a barrel of one of the points about (3.3) trillion Unfairness to the rest of the provinces producing oil and others, and this article goes on and on The legitimacy to the disposal of the region with the rest of the product that exceeds 250 thousand barrels without demanding his extradition revenue of the public treasury and which is distributed to Iraqis as in oil Basra and the south, and is not true nor acceptable the contents of the article (11) - Fourth-A.
"Article (13) of the draft budget gives the Minister of Finance the authority to add allocations for the purpose of extinguishing the advances for the previous years until the date of 2018/12/31 after the audit of the financial control and the approval of the Council of Ministers, it is not true that the Parliament gives his authority to the government before the amount of Those assignments and verify the integrity of its disbursement and compliance with the laws. "
Article (14) of the budget includes a serious principle that opens the door to the comprehensive privatization of all the joints and institutions of state service and gives the Council of Ministers powers to disrupt the provisions of the laws in force to expand the joint with the private sector (privatization) and similar to the experience of privatization of electricity collection unfortunate, And the production and infrastructure of the service ministries, which the state spent tens of billions of dollars for many years and provide the bottom of the price for investors and pioneers of privatization, and the strangest, Article (18) grant the minister or the governor loan staff to the owner Which means abandoning cadres, engineers and technicians in favor of the service of merchants' projects and leading privatization. I do not know whether there is an intention to consolidate the resources of the country and its infrastructure and sell it to the partners of influential politicians and turn the people into more hardship, deprivation,
"If the justification for giving the ministries the authority to impose fees or service fees in the past years is a sharp drop in oil revenues, with the relative change in oil prices for the past three years, there is no need to continue and fatigue citizens with fees and the cost of additional services or doubling." 
He added: "It is not permissible to add an amount for licenses contracts that have been transferred to foreign oil companies, and no financial adjustments have been made. It is supposed to mention the amount of these amounts and not to mention a general address that misses the fact of the payer and to allocate in the budget of the same conversion year. Budget. Noting the requirement to review and evaluate the origin of these rounds of licenses and high cost, which sometimes amounts to about 35% of the total oil revenues.
"Each ministry or entity not connected to the Ministry of Payment of advances or loans and benefits granted to all those who were martyred after the date of 9-4-2003 and each of those who sustained permanent disability due to the fight against terrorism.
"Article (38) of the budget gives the Ministry of Finance the right to sell agricultural land located outside the boundaries of the Secretariat and municipalities to holders of the rights of banking In dealing with this subject requires determining the most beneficial method of state revenue is achieved by the sale of these lands or keep the lease contracts to owners Or the same companies of the Ministry to establish investment projects that are a source of the increase in imports of the State and permanently without the method of sale, which provides one-time revenues and then cut off, the total of the above questions call for frequency in the adoption of this article and to discuss the subject independently and not a paragraph of the law of To balance the choice of the most useful method of the state to achieve greater revenue and Edom, so we call for lifting this article of the draft budget. "
"Article 44 extends to the sale and transfer of land belonging to the Ministry of Finance to an industrial race with a justification that does not have a water quota, while the state can invest it through its public companies in productive industrial projects that provide employment opportunities for youth and maximize the revenues of the public treasury." 
It is noteworthy that a political bloc had also called for the inclusion of the functional grades and address the unemployment crisis in the country

[yota691]

Al-Geshmi proposes to allocate 25 trillion dinars for basic services in the budget

Release date: 2018/12/21 22:59 • 256 times read

(Baghdad: Al-Furat News) The deputy of the wisdom bloc, Khalid al-Geshmi, suggested to the presidency of the House of Representatives, that allocate the investment budget in the financial budget for the year 2019, for basic services only.

As suggested by al-Gheshmi in his letter to the presidency of the Council "to postpone the allocation of each project is complementary or insignificant until the completion of all basic services, which are currently concentrated in the health and education, municipalities and reconstruction and investment projects of the Ministry of Oil." 
The proposal included allocating a budget for "investment projects of the Ministry of Transport, specifically for the port project of FAO, and for the Ministry of Water Resources in the construction of dams and completion of irrigation projects." 
It was also suggested to delete allocations in the budget within the framework of investment projects in the budget of 2019, with the exception of funds for the reconstruction of liberated areas, the project of housing protection and allocations of ministries of health and environment, education, reconstruction, housing, water resources, oil and electricity. 
In his proposal to increase allocations for the development of the regions and the Ministry of Transport, he called for the total number of investment projects to be more than 25 trillion dinars.
The House of Representatives completed in its meeting on Thursday, the first reading of the draft budget bill 2019. The 
budget revenues are estimated at (105569686870) {one hundred and five trillion five hundred and sixty-nine billion six hundred and eighty-six million and seven hundred and seventy thousand dinars} according to the calculation of the revenues from the export of crude oil on the basis of The average price of $ 56 per barrel and the export rate of 3 million and 880 thousand barrels per day, including 250 thousand barrels per day of the quantities of crude oil produced in the Kurdistan region. 
As estimated expenditures by the amount of {133107616412} thousand dinars {one hundred and 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 five hundred and thirty-seven billion nine hundred and twenty-nine One hundred and five hundred and forty-two thousand dinars}

[nannab]

Thanks Yota and good morning DV 

[yota691]

Reform and reconstruction discusses the budget bill 2019 and the formation of a bloc of the coalition in the provinces

08:01 - 22/12/2018

 

 

 

Special - Mawazin News 
The General Authority of the Alliance for Reform and Reconstruction, chaired by the President of the coalition Ammar al-Hakim, Saturday, the draft federal budget law for the year 2019, and the formation of the reform bloc in the provinces. 
A source from the alliance, for / Mawazin News /, "The General Authority of the Alliance of Reform and Reconstruction, held its periodic meeting headed by Ammar al-Hakim," noting that "the meeting discussed the draft federal budget law for 2019 and the date of provincial elections not organized in the province." 
The source added that "the meeting also discussed, the completion of the institutionalization of the coalition, which includes several points, most notably, the adoption of the internal system and the formation of the reform bloc in the provinces, unity of position and mandatory decisions of the coalition."

[yota691]

Al-Mithi: Iraq will pay 16 billion as interest and premiums for international loans during the coming year
 

 

Al-Mithi: Iraq will pay 16 billion as interest and premiums for international loans during the coming year
 A member of the House of Representatives, Dr. Iqbal Abdul-Hussein al-Matai, said Saturday that Iraq will pay more than 16 billion dinars as the benefits and premiums of international loans and treasury remittances during the next year. "Iraq is required to pay two billion dinars, 55 million, 873 thousand and 556 dinars in the next year's budget as interest on the international loans granted to him," al-Mathai said in a press statement. She added that 37 billion and 3 million and 854 thousand and 372 dinars will be paid as interest on treasury remittances (auctions) and within the budget. She pointed out that 10 billion and 928 million and 807 thousand and 345 dinars were calculated as installments of loans will be paid within the budget in 2019. Member of the House of Representatives hinted at the need to adopt a correct economic policy can avoid international loans that have worn down Iraq over the past years and do not know so far what is the benefit of them .