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The entry into force of the 2019 budget after its publication in the Iraqi facts

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Publication of the budget of 2019 in the Iraqi factsheet

10:49 - 11/02/2019

 
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BAGHDAD - 
The Ministry of Justice announced on Monday the issuance of the new issue of the Iraqi Gazette No. (4529) of the Federal Budget Law No. 1 of 2019, which was approved by the House of Representatives and approved by the President of the Republic. 
"The budget law guarantees the transfer of money from some ministries to the liberated provinces and the province of Basra and detailed sentences in terms of spending, investment and loans," said the director general of the Iraqi Facts Department Kamel Amin Hashim in a statement received by Mawazine News. 
He added that "the law included the request of the Council of Ministers to install all contractors and lecturers in state institutions and by foot, including the employees of self-financed contracts in the Ministry of Electricity, as well as continuing to grant employees five-year leave and the introduction of degrees for the popular mobilization and tribal mobilization."
Hashim explained that "the number also included the law banning the importation of food products and agricultural products that have a similar local product and according to the agricultural calendar."

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The entry into force of the 2019 budget after its publication in the Official Gazette

08:36 - 11/02/2019
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Information / Baghdad ..

The Ministry of Justice announced on Monday the issuance of the new issue of the Iraqi Gazette No. (4529) on the Federal Budget Law No. 1 of 2019 approved by the House of Representatives and approved by the President of the Republic.

"The budget law guarantees the transfer of money from some ministries to the liberated provinces and the province of Basra and detailed sentences regarding spending, investment and loans, and the law included the request of the Council of Ministers to install the contractors," said General Director of the Iraqi Facts Department Kamel Amin Hashim in a statement received. And all lecturers in the state institutions and by the foot, including employees of self-financed contracts in the Ministry of Electricity, as well as continuing to grant employees five-year leave and the introduction of grades for the popular mobilization and tribal mobilization.

"The number also includes the law banning the importation of food products, as well as agricultural products that have a similar local product, according to the agricultural calendar," he added.

"The Iraqi factsheet included the details of the budget and its adjustments for the current year 2019"

https://www.almaalomah.com/2019/02/11/388184/

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Under the low oil prices .. Will the government resort to external borrowing again?

15:33 - 11/02/2019
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Information / special ... 
Parliamentary Finance Committee showed Monday, the House of Representatives committed thecurrent government not to go towards external borrowing to bridge the fiscal deficit in the federal budget for 2019 to curb the foreign debt of the country 's rise, while confirming that it would resort to the domestic borrowing in the event of decline in the sale of oil price without The $ 50. 
"The government informed us that the price of oil will rise during the next month to approximately $ 65 per barrel, according to economic study," said the member of the Committee, Siham al-Aqili said in a statement to Al-Maaloumah. "The expected increase will be used to fill the shortage of previous months, Oil prices below $ 50 ".
She added that "the House of Representatives committed the current government after going to external borrowing to fill the fiscal deficit in the federal budget for 2019 because of the rise of external debt of the country and prevent the fatigue of the government benefits of external loans," indicating that "the government is entitled only to gold to domestic borrowing to fill the financial deficit If the price of selling oil falls below $ 50 in the coming months. " 
The economic expert Majid al-Suri, the first Saturday, that the federal budget for the year 2019 wrongly according to political and regional quotas and free of economic planning, between the sale of oil barrels of $ 50 will expose the country to a new financial deficit of $ 8 billion and 400 million dollars annually. T

https://www.almaalomah.com/category/political/

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Parliamentary Finance Committee: Parliament obligates the government not to go for external borrowing

11/02/2019 04:51 PM | Number of readings: 1

Parliamentary Finance Committee: Parliament obligates the government not to go for external borrowing

 


Parliamentary Finance Committee: Parliament obligates the government not to go for external borrowing
The Parliamentary Finance Committee said on Monday that the House of Representatives has committed the current government not to go towards external borrowing to fill the fiscal deficit in the federal budget for 2019 to curb the rise of external debt of the country, while confirmed that it will resort to domestic borrowing in case of falling price of selling oil below $ 50. Committee member Siham al-Aqili said in a press statement 

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i understand its complex with major divisions in most provinces and iraq has huge leadership issues,  they will have to open the country to a market economy besides oil or they will continue to struggle everyone knows this imo they are waiting on something or way ahead of whats being released there is no way with nations around the world helping they dont know whats going on ... thanks yota

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February 12, 2019 2:02 PM   -   Number of Readings: 21 views
 
The most important items of the budget of 2019 published in the Official Gazette

Iraqi Position Network


The Iraqi factsheet published Monday the provisions of the Federal General Budget Act of 2019.
The new issue of the Iraqi fact sheet was issued today (February 11, 2019) with the number (4529) of the Federal Budget Law No. 1 of 2019, which was approved by the House of Representatives and approved by the President of the Republic.
The most important articles of the 2019 budget published in the Official Gazette include the following:
1. Continue with the 5-year leave for the employee, leaving the option to the department in calculating the certificate obtained during this period .
2. Install the employees of the electricity and operational contracts.
3 - Stabilize the staff of the contracts of the rest of the ministries and the Commission and according to seniority .
4 - For the contractor who wants to terminate his contract, the end of the service salary of 3 months for each year of service and no more than 24 months .
5 - Continuing to stop the transfer between ministries and agencies not connected to the Ministry .
7- The employee who has a higher certificate shall be promoted according to his grade .
7 - Giving 125 thousand dinars for the free lecturer in the Ministry of Education .
8 - install the contracts of good deeds in the provinces of Diyala and Nineveh.

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107038.jpg.21381ceb31edcee20bbffa332fe8f158.jpg

 
 
2019/02/12 18:02

 

Finance issues instructions to exchange the general budget

Baghdad / Masala: The Ministry of Finance, on Tuesday, February 12, 2019, issued instructions for the disbursement of the federal budget, calling on all provinces and regions to review the Ministry of Finance to receive their budgets from the budget of 2019.

"There is no legal impediment to the implementation of the budget law and the Iraqi Ministry of Finance has informed all provinces and regions of the Ministry of Finance's review of the receipt of their budgets from the budget of 2019," Iraqi parliament member Nasser Harki told the Kurdistan Democratic Party on Tuesday (February 12, 2019). "He said.

He added that "the budget law came into force since Monday, February 11, 2019, and there is no legal obstacle to them."

The second deputy speaker of the House of Representatives Bashir Haddad has confirmed earlier that the budget law will enter into force on (February 11, 2019) after the publication in the Iraqi newspaper under the number 4529 and is effective from the date above.

http://almasalah.com/ar/news/163713/المالية-تصدر-تعليمات-صرف-الموازنة-العامة

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18 minutes ago, 6ly410 said:

107038.jpg.21381ceb31edcee20bbffa332fe8f158.jpg

 
 

Finance issues instructions to exchange the general budget

Baghdad / Masala: The Ministry of Finance, on Tuesday, February 12, 2019, issued instructions for the disbursement of the federal budget, calling on all provinces and regions to review the Ministry of Finance to receive their budgets from the budget of 2019.

"There is no legal impediment to the implementation of the budget law and the Iraqi Ministry of Finance has informed all provinces and regions of the Ministry of Finance's review of the receipt of their budgets from the budget of 2019," Iraqi parliament member Nasser Harki told the Kurdistan Democratic Party on Tuesday (February 12, 2019). "He said.

He added that "the budget law came into force since Monday, February 11, 2019, and there is no legal obstacle to them."

The second deputy speaker of the House of Representatives Bashir Haddad has confirmed earlier that the budget law will enter into force on (February 11, 2019) after the publication in the Iraqi newspaper under the number 4529 and is effective from the date above.

Fingers crossed for a retroactive rate change to 1/1/2019

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Deputy: There is no obstacle to the disbursement of the Iraqi general budget for the year 2019

428741Image1.jpg.9392be2eb528d656e77deec17ccacde5.jpg

 

 

 two hours ago

Deputy: There is no obstacle to the disbursement of the Iraqi general budget for the year 2019

Rhodau-Erbil

The interim president of the Finance Committee of the Iraqi parliament that there is no longer an obstacle to the disbursement of the Iraqi budget for the year 2019, and that the salaries of employees of the Kurdistan Region will be spent in accordance with the budget law.

"After the ratification of the budget law by the President of the Republic and the issuance of instructions by the Council of Ministers to implement the law, there is no obstacle to the disbursement of the Iraqi general budget for the year 2019," the interim president of the Finance Committee of the Iraqi parliament, Ahmed al-Saffar,

Al-Saffar said that the Iraqi government will start from next week the payment of salaries and financial dues in accordance with the law of the general budget for the year 2019, which means that the salaries of employees of the Kurdistan Region will also be disbursed at that date.

The President of the Republic of Iraq has ratified on Monday, February 4, 2019, the law of the general budget for 2019, and the share of the Kurdistan Region of the budget, according to this law, amounting to ten trillion and 844 billion dinars, of which 454 billion dinars is allocated monthly as salaries to employees and 68 billion Peshmerga.

 

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Plenty of obstacles however when it comes to putting your IQD on the Global Market though, huh. :rocking-chair:

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if  they don't hurry up and create more obstacles , Iraq may experience an economic revival and their currency may be actually worth something

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29 minutes ago, dinarham said:

if  they don't hurry up and create more obstacles , Iraq may experience an economic revival and their currency may be actually worth something

Maybe they should build a bullet train and cheap say 200 billion and hire family and friends to build it, that links all the major cities! That ends up like California's 77 billion dollar unfinished snail train to nowhere. Just heard Gavin newsom our new governor, has 7 billion left that he wants to spend on it even though it still wont be finished and just a fraction of it built, so he does not have to return it to president Trump. That should keep them busy for a while.

Edited by jg1
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I'm nonfactually thinking that this is a precurser to the budget being published in the gazette

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Iraq's 2019 budget busts IMF deal
Zidane February 7, 2019 
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ARTICLE SUMMARY
The Iraqi parliament randomly amended the government's 2019 draft budget to include provisions that increase spending, a move that contravenes an agreement with the International Monetary Fund and that has led to threats of court challenges.
 

Iraqi President Barham Salih approved the controversial 2019 budget on Feb. 4. The budget passed the parliament Jan. 23 after long debates over allocations for the Kurdistan Region and southern provinces and amendments that ignored Iraq's obligations under an agreement with the International Monetary Fund (IMF) mandating austerity measures until 2021. 

The Iraqi parliament approved draft legislation for the 2019 budget amid objections from authorities in the southern provinces. At 133.1 trillion Iraqi dinars ($112.6 billion), the budget, if passed, would be the country's third largest, behind those for 2013 and 2014. With a 27.8% increase in spending, it would appear to blow up the IMF agreement.

Compared to the 2018 budget, the current one estimates oil exports of 3.88 million barrels per day (bpd), a daily decrease of 8,000. It also assumes a $10 per barrel price increase, which based on the current market would be from $46 to $56. Budgeted oil revenue accounts for 88.8% of total revenues.

Meanwhile tax revenues and fees are set at 6.8 trillion dinars ($5.7 billion), compared to last year's 9.2 trillion dinars ($7.7 billion). The decrease in taxes is evidence in and of itself of the government’s non-compliance with the IMF Stand-by Arrangement to reform the economy.

The IMF-required reforms included raising personal and business taxes to increase state revenue and halting increases to the government payroll. Yet, the 2019 budget provides for a 24.7% increase in state employee salaries, for a total of 43.4 trillion dinars ($36.7 billion). In addition, the state's domestic and foreign debt will increase by 30.87%, to 10.7 trillion dinars ($9 billion).

A source at the Ministry of Finance speaking on the condition of anonymity, told Al-Monitor, “The members of parliament did not discuss the budget bill with the Ministry of Finance.” They also did not consult with the Ministry of Planning and simply amended provisions at will. The source added, “The Iraqi government will file an appeal to the Supreme Court to reverse the amendments and articles added by the parliament.”

In Iraq's budget process, the government prepares a draft budget and sends it to the parliament, which is allowed to offer amendments before approving it and sending it back to the government. If the government is unhappy with the legislative changes, it can approch the courts for resolution.

The Kurdistan Regional Government (KRG) should be pleased with the proposed budget, which provides it benefits not allocated since 2013.

Ahmad Hama, a Kurdish representative on the Parliamentary Finance Committee, told Al-Monitor, “The Kurds have a few comments on the 2019 budget, but it is fair to them since it guarantees the salaries of [KRG] employees, increases the region’s share [of expenditures] from 12.67% to 13.93% of the total budget and gives the region $2 billion in investment loans.”

Hama also observed, “The 2019 budget resolves some issues ongoing with Baghdad over the years, announcing a fresh start for ties with Baghdad.

One of those issues involves oil. “The Kurdistan Region produces 480,000 barrels of oil per day,” Hama remarked. “Baghdad’s share [from that] will be 250,000 barrels. Added to that, there are 150,000 barrels used within the region for daily consumption, so the region will benefit from exporting 80,000 barrels.” Kurdistan ships both its share of oil as well as Baghad's to market through a pipeline to Ceyhan, Turkey, and then disburses Baghdad its share of the revenue, as per prior agreement.

The government allocated 1 trillion dinars ($846 million) for the petrodollar project allocating a percentage of oil revenues for oil-producing provinces suffering damage from the industry. The regions suffering the most from production and refining receive a higher share of the amount set aside. For example, Basra are to receive 69.2%, Kirkuk 6.3%, and Wasit 4% in the 2019 budget. The Kurdistan Region was excluded. Local authorities can use the money at their own discretion, such as to buy power, send residents abroad for medical treatment and provide other services.

Southern province representatives were not pleased with the budget. They have criticized the draft budget because it does not allocate enough funding to complete stalled projects or quell popular dissatisfaction that eruped in protests last year over the lack of basic services, including potable water and electricity.

Ahmad al-Salayti, speaker of the Basra governorate council told Al-Monitor, “The 2019 budget confiscated the rights of Basra governorate and gave it less than its constitutional right [to petrodollars]. This is particularly crucial since Iraq’s economy greatly relies on Basra.”

Salayti stated, “The main problem is that the budget bill was not yet distributed to the members of parliament, and it was not published on the parliament’s website either [before the vote].” He added, “When we asked some members of parliament, they said that they did not know what they voted on and that the amendment and addition of articles to the 2019 budget was disorganized and random.”

“This is the first time Iraq has witnessed such chaos in passing the budget, which demonstrates the parliament’s negligence toward the Iraqi people,” Salayti remarked. “Basra governorate will appeal to the Supreme Court regarding the budget [if passed], and it will approach the Iraqi courts.”

The draft budget should be sent to parliament and approved before the start of the new year, but it is usually behind schedule, meaning the government conducts public finance without a budget plan. This unaccountability is a major source of corruption. Transparency International’s Corruption Perceptions Index for 2018 gave Iraq a score of 18 out of 100, with 1 being highly corrupt and 100 very clean. Last year, Iraq did not follow its budget to the letter, only implementing 80% of the budget at the most.

Prime Minister Adel Abdul Mahdi has a background in economics and attained office based in part on an economic reform agenda. Yet, his government is repeating the mistakes of 2012 and 2013 by randomly increasing spending without investing in developing production sectors.

Iraq is currently experiencing crises in health, agriculture, industry, education, and energy production. The rate of health expenditures under the current budget is only 2.4%, while agricultural allowances do not exceed 1% and education 3.6%. To be productive, the budget must be aligned with economic realities, not political goals.

It appear that the budget crisis, which began in October, might last another three months as the government makes plans to appeal to the courts over parliament's random amendments and other changes to the draft budget.

Found in:KRG, OIL, PARLIAMENT, CORRUPTION, BUDGET
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Salam Zidane is an Iraqi journalist specializing in economics. He has written for several local and international media sources such as Al-Jazeera and The New Arab.

 



Read more: http://www.al-monitor.com/pulse/originals/2019/01/iraq-2019-budget-monetary-fund.html#ixzz5fShWYycV

 

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Mahdi ran on economic reform.....Sounds like every american running 

for president. what happens after election Only president Trump has done

what he said he would do.  I don't like the guy but he sticks to what he ran on.Lol

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14-02-2019 10:16 AM

image.php?token=40f87a799d0f16f9c335e28f1791f781&size=

 


 

 

 

Baghdad

 The parliamentary finance committee on Thursday suggested the receipt of the end of service benefits for the former army employees next week, noting that the government will issue regulations for the installation of contract employees in the coming days .

 "The Public Pension Authority is responsible for receiving end of service benefits for former army employees and may begin receiving them next week, committee member Ahmad Hama told the news agency .

 He added that 'the government is currently working on the drafting of regulations for the installation of contract employees and will be announced in the next few days for the start of the ministries involved in the implementation '.

 Hama pointed out that 'the government is obliged to implement the government program as well as the budget and in the event of non-compliance with the terms of the agreement will be held accountable in a state .'

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Proposal to adopt the idea of theoretical budget

 
Baghdad / Mustafa al-Hashemi
 


Economic economist d. Essam Mahaoueli start the adoption of a general budget theory carried out by a number of academics and professors of economy in universities and put forward as a prototype for the experience of involving specialists in the preparation of this budget. 

Parliament approved the federal budget law for the year 2019 revenues amounted to 105 trillion and 569 billion and 686 million and 870 thousand dinars, revenues calculated from the export of crude oil at 56 dollars a barrel, and the total deficit planned amounted to 27 trillion and 537 billion and 929 million and 542 thousand dinars, to cover This deficit is due to the abundance of increased prices of selling crude or borrowing internally and externally.

 
The interest of the homeland and the citizen
Al-Mahawili called for "the morning" to adopt the idea of a theoretical budget with the participation of specialists in order to develop a deliberate budget theoretically and scientifically, which would benefit from all resources and employ them to the benefit of the homeland and the citizen alike.
He said that "getting out of all economic crises requires the concerted efforts of specialists and academics to reach a clear vision that outlines the beginning of the general stability of Iraq in all economic and social fields."
Investing knowledge economy
 
He pointed out that "the adoption of this participation in economic decision-making will be a real activation of the role of science in the work and benefit from the investment of the knowledge economy and employment in the development of solutions and treatments for the imbalances suffered by the economy of Iraq."
He also suggested that "a seminar or conference be held at the Financial Training and Development Center at the Ministry of Finance in which a specialized committee of university professors, representatives of the private sector and research centers such as the Market Research and Consumer Protection Center, experts, consultants and economic specialists will be invited to develop the main frameworks for preparing these Budget ".
 
Strengths and weaknesses
Stressed the importance of "raising the findings of the outcome of this event to the decision-makers and members of the House of Representatives to view them and make observations on them and identify the weaknesses or strength in the items and modify them commensurate with the overall situation of the country."
Al-Mahaouili stressed the importance of "studying this proposal and working on it on the basis of achieving the common good of Iraq." The proposal will come out with a unified vision shared by the concerned authorities and academics, .
He added that the public should be informed about the general budget of the state and their involvement in shaping its features so that it will be aware of the burdens it will bear in the fiscal year, in return for the returns it will receive as well as its share of GDP.
"According to this approach, the society and its academic and scientific specialized will have a greater role in the formulation of fiscal policies and the definition of public expenditure frameworks for resources in the public budget."
Mahawili pointed out at the end of his speech to "the need to exploit the time factor and start to study this proposal and try to apply during the last six months of this year to reach the vision desired enhanced by the views of specialists."

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Gov't hid details of 2019 budget allocations on purpose: MP

The Iraqi Parliament

Parliament's Finance Committee member Ahmed al-Safar accused the government of deliberately hiding the details of the allocated money for each ministry and their subsidiaries in the 2019 budget, which  parliament earlier passed.

The 2019 budget contains a lot of mistakes and problems, Kurdistan Democratic Party MP Safar said, adding that it was passed without completely reviewing and scrutinizing most of its details, because of lack of time.

The Iraqi parliament has approved the 2019 state budget after an hours-long vote in January, ending weeks of deadlock over allocations to different provinces and privatization of state projects.

The budget projected oil exports of 3.88 million barrels per day (bpd), up from 3.8 million bpd for the previous year, at a price of $56 per barrel.
 
 
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Come on now DB you know the hidden money goes to the ministries head man.

This is business as usual. This is why so many people want those jobs.  imho

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