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Parliamentary Planning: The supplementary budget targets the fiscal deficit for 2019


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Parliamentary finance requires the financial abundance to approve the supplementary budget

Parliamentary finance requires the financial abundance to approve the supplementary budget

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The Parliamentary Finance Committee confirmed the possibility of approving the supplementary budget for the current year in case of financial abundance.

"The possibility of approving a supplementary budget for 2019 or not depends on the existence of financial abundance," said member of the committee Abdul Hadi al-Saadawi said in a statement, "Trend Press," on Tuesday, that "if the abundance occurred, House of Representatives for ratification. "


http://aletejahtv.com/archives/293692

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  • yota691 changed the title to A parliamentary move to pass a "supplementary budget" after June
19 minutes ago, salt-life said:

"The possibility of approving a supplementary budget for 2019 or not depends on the existence of financial abundance," 

 

I like the sound of that, “financial abundance” .. I’m ready for some abundance  :undocumented:

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11 hours ago, 6ly410 said:
A parliamentary move to pass a "supplementary budget" after June
 
 

Another piece of the pie coming together, this budget is a must an coincides with the law we need to see voted on Thursday. 

Thanks for the post 6ly410, we should see a few more on this topic in the near future....

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14 minutes ago, DoD said:

Another piece of the pie coming together, this budget is a must an coincides with the law we need to see voted on Thursday. 

Thanks for the post 6ly410, we should see a few more on this topic in the near future....

6ly410 Thanks, DoD Totally agree we are hopefully witnessing the final pieces of the RV / RI puzzle and the purchasing power for the Iraqi citizens.  Always Keeping the faith....😊😊  GIT ER DONE BOYS AND GIRLS ASAP....😁😁

 

GO RV / RI

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35 minutes ago, tigergorzow said:

6ly410 Thanks, DoD Totally agree we are hopefully witnessing the final pieces of the RV / RI puzzle and the purchasing power for the Iraqi citizens.  Always Keeping the faith....😊😊  GIT ER DONE BOYS AND GIRLS ASAP....😁😁

 

GO RV / RI

I thought the same thing when I saw suplimentry budget! Extra money coming from somewhere. Fingers crossed. 

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I'm with the 'DV-one-big-family' camp✌️.

Not taking any side ~ i'm super excited with what's going on right now esp. with the FML that they plan to vote on May 23rd. 

Once voted, I feel our window of opportunity will be wide open..

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2 hours ago, NEPatriotsFan1 said:

Wouldn’t it be cool in our real lives if we could just come up with a suplimentary budget like Govts. do?! It would make things so much easier lol 😂 

 

GO RV

 

That's what most people call a second job.  :jester:

 

SR

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Not sure if already posted. If so please move or hide.

 

  Cheers, pp

 

 


 

A parliamentary move to pass a "supplementary budget" after June

Tuesday 21 May 2019

Baghdad / Omar Abdul Latif
 
Members of the House of Representatives expect to approve a "supplementary budget" for the current year, after June next, in order to improve the infrastructure in the provinces, while linking other MPs passed by the rise in oil prices. 

A member of the Committee for Services and Reconstruction Parliamentary Abbas Abeer Aifari for "morning": "The Commission is seeking to study the implementation of projects assigned to service ministries, for the purpose of preparing a supplementary budget to improve the service side, especially infrastructure projects in the provinces," explaining that "most of those The governorates suffer from the absence of treatment units for the different types of waste, as they are thrown into rivers, which affects the environment and health in the lives of citizens and have more impact in the southern provinces as the end of Rivers ".

For its part, the member of the parliamentary finance committee, special Dulaimi that "the House of Representatives will approve a supplementary budget after the month of June next," explained in a statement to "morning", "The high oil prices will contribute to the preparation of that budget, which can include paragraphs neglected by the general budget State ".

While "the member of the Finance Committee, MP Abdul Hadi al-Saadawi, in a statement to" morning "," the possibility of approving a supplementary budget for the year 2019 or not, "but to achieve this" a financial abundance caused by high oil prices in the global market, "explaining Said that "in the event that the abundance occurred, the government will send the draft supplementary budget bill to the House of Representatives for approval." 

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  • yota691 changed the title to Parliamentary Finance comments on the existence of a supplementary budget for 2019
Editorial date: 2019/5/24 16:33 • 9 times read
Parliamentary Finance comments on the existence of a supplementary budget for 2019
(Baghdad: Al-Furat News) ruled out the Parliamentary Finance Committee, the existence of a supplementary budget for the year 2019.
The committee member Abdul Hadi al-Saadawi said in a press statement that "there are no indications on the preparation of the central government supplementary budget for the federal budget of the country for 2019, which is scheduled to be submitted to vote in June of each year according to legal contexts." 
He pointed out that "a consultative session will be held in this regard to discuss the existence of a supplementary budget or not, since in the presence of this budget must be presented in June next to address some of the sections of the public budget that were added and the conjunction of the disbursement of funds allocated to them by achieving additional revenue from the sale of oil. 
On May 7, the Ministry of Finance excluded a supplementary budget for the current year.
Undersecretary of the Ministry Maher Hammad Johan said in a press statement: "There is no intention of the government and the Ministry to prepare a supplementary budget for the current year, because the federal budget mainly suffer from a deficit of up to 30 trillion dinars, and therefore the preparation of the supplementary budget can not be achieved only with the availability of financial and the absence of deficit in the federal budget "He said. 
He added that "despite the rise in world oil prices, but that did not contribute only to fill the third of the budget deficit, or nearly ten trillion dinars, as Iraq sold its oil to global markets at the price of {65 - 66} dollars per barrel against the budget price of $ 56, Therefore, the size of the remaining deficit of the budget, amounting to 20 trillion dinars and the ministry is working on several taboos. " is over
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2019/05/29 15:41
  • Number of readings 72
  • Section: Iraq
  •  

Parliamentary Finance reveals the entry of funds to cover 60% of the deficit by the budget of 2019

BAGHDAD - A member of the parliamentary finance committee, Abdul Hadi al-Saadawi, said on Wednesday, May 29, 2019, that the financial abundance achieved in the light of high oil prices will cover about 60% of the budget deficit in 2019, considering its entry as important and decisive.

Al-Saadawi said in a press statement that "the price of a barrel of oil currently ranges in the world oil markets between 65 to 70 dollars," stressing that "the financial abundance to be achieved by the end of the fiscal year will cover the deficit by up to more than 60% through the money Dakhla ".

He added that "the amounts of projects suspended to achieve the financial abundance estimated at (500) billion Iraqi dinars," believing that "the financial abundance will be able to fill these amounts for all projects planned."

As for the delay in the payment or delivery of the investment budget to some of the ministries or provinces MP said a coalition of state law, "The problem borne by the provinces that delayed in sending their budgets for projects to the Ministry of Planning, which led to the delay of disbursement of its investment budgets until this moment."

He pointed out that "there is a plan called (conservation plan) approved by local governments include the number of projects to be implemented during the general budget and therefore local governments delayed in sending."

He pointed out that "the province of Salah al-Din and another province sent their plan to the Ministry of Planning," stressing that "the Ministry of Finance does not bear the delay in the process of disbursement of funds for these projects."

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http://almasalah.com/ar/news/171961/المالية-النيابية-تكشف-عن-دخول-اموال-لتغطية-60-من-العجز-بموازنة-2019

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  • yota691 changed the title to Parliamentary Finance reveals the entry of funds to cover 60% of the deficit by the budget of 2019

Parliamentary finance reveals a financial abundance covering 60% of the deficit in the budget of 2019

By AhadNA1 View  29/05/2019 11:45 PM | Number of readings: 531

Parliamentary finance reveals a financial abundance covering 60% of the deficit in the budget of 2019

 

 

 
 A member of the Finance Committee of Parliament, Abdel Hadi Saadawi said on Wednesday that the financial abundance achieved, in light of high oil prices, will cover about 60% of the deficit in the budget in 2019, considering its entry is important and decisive.

"The price of a barrel of oil is currently in the world oil markets between 65 to 70 dollars," Saadawi said in a press statement, "The financial abundance that will be achieved by the end of the fiscal year will cover the deficit by up to 60% through the money Dakhla"He said. He added that "the amounts of projects suspended to achieve the financial abundance estimated at (500) billion Iraqi dinars," believing that "the financial abundance will be able to fill these amounts for all projects planned"He said.

  As for the delay in the payment or delivery of the investment budget to some of the ministries or provinces MP said a coalition of state law, "The problem borne by the provinces that delayed in sending their budgets for projects to the Ministry of Planning, which led to the delay of disbursement of its investment budgets until this moment ." He pointed out that "there is a plan called (conservation plan) approved by local governments include the number of projects to be implemented during the general budget and therefore local governments delayed in sending ." He pointed out that "the province of Salah al-Din and another province sent their plan to the Ministry of Planning," stressing that "the Ministry of Finance does not bear the delay in the process of disbursement of funds for these projects ."

  The federal budget for 2019 committed the government to implement a number of investment projects belonging to a number of ministries and provinces to verify the financial abundance .

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On 5/12/2019 at 10:41 AM, Botzwana said:

And US big picturers think differently from those up above.

Iraq has formed its govt. in times past have they not?  Where was the RV then IF it all depended on that?

 

IMO Iraq is just a puppet to to the trump admin. Iraq’s Laws / Elections (Linchpin) and most other items are all waiting on the rate change, that’s why parliament is getting nothing done. If I was wrong, Sadr already would have started dealing with it. Sadr hasn’t shown face in a while:  

 

I still think China US deal is somehow involved as well.  Eh, time Will tell.  But I dont think this depends one iota on Iraq.

Exactly...my thoughts as well

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  • 3 weeks later...

http://www.ikhnews.com/index.php?page=article&id=193504......

17-06-2019 11:11 AM

Parliamentary Finance: We seek to announce the supplementary budget to address the imbalance of the distribution of funds

image.php?token=e5b56b937e9a3a37f5f56dffe9cb669f&c=3549408&size=
 


 

 Baghdad:

 The Finance Committee of the parliamentary, on Monday, its efforts to draft the supplementary budget law for the current year in cooperation with the government to address the imbalance of the federal budget, indicating that the budget will rely on surplus oil funds without the use of external loans.

 "The government and the Finance Committee will cooperate in the coming days to discuss the adoption of a supplementary budget to rectify the errors of the federal mona," said the committee's chairman, Haneen al-Qaddo.

 He added that "the budget will depend on surplus oil funds without the use of foreign loans," noting that "the budget will include the launch of appointments and the installation of contracts and the launch of service projects lagging across the country."

 
 
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  • yota691 changed the title to Parliamentary Finance: We seek to announce the supplementary budget to address the imbalance of the distribution of fund
  • 4 weeks later...

124047.jpg?width=750&&height=375

 
2019/07/16 11:01
  • Number of readings 89
  • Section: Iraq
  •  
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Finance Committee in the House of Representatives: a surplus of funds due to high oil prices

BAGHDAD / The obelisk: The Finance Committee in the House of Representatives, Tuesday, July 16, 2019, a surplus of funds due to high oil prices, and record low price in the budget of 2019.

"The price of oil in all budgets is set by experts in a speculative manner, even if there is a rise or fall in world oil prices," said committee commissioner Ahmed al-Saffar. 

Al-Saffar said that "there is a financial surplus, because the price of a barrel in the budget (56), in fact, is much higher, this money will be within the supplementary budget, which is distributed after half a year, if there is a financial surplus, Surplus ".

"The distribution of the supplementary budget funds is the responsibility of the ministries of finance and planning, and the House of Representatives has a role to do so, and be distributed according to regions and provinces that have received a few allocations, or is allocated part of this money for important projects, Likely that "the next few days, will witness the preparation and distribution of the supplementary budget." 

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http://almasalah.com/ar/news/174930/اللجنة-المالية-في-مجلس-النواب-حصول-فائض-بالأموال-بسبب-ارتفاع-اسعار-النفط

 

 
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5 hours ago, Butifldrm said:

124047.jpg?width=750&&height=375

 
2019/07/16 11:01
  • Number of readings 89
  • Section: Iraq
  •  
  •  

Finance Committee in the House of Representatives: a surplus of funds due to high oil prices

BAGHDAD / The obelisk: The Finance Committee in the House of Representatives, Tuesday, July 16, 2019, a surplus of funds due to high oil prices, and record low price in the budget of 2019.

 

 

"The distribution of the supplementary budget funds is the responsibility of the ministries of finance and planning, and the House of Representatives has a role to do so, and be distributed according to regions and provinces that have received a few allocations, or is allocated part of this money for important projects, Likely that "the next few days, will witness the preparation and distribution of the supplementary budget." 

Follow the obelisk

http://almasalah.com/ar/news/174930/اللجنة-المالية-في-مجلس-النواب-حصول-فائض-بالأموال-بسبب-ارتفاع-اسعار-النفط

 

 

There's that "Supplementary Budget" thingy brought up again, I'm liking their wording as in the preparation and distribution of the supplementary budget in the next few days.... 

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  • yota691 changed the title to Parliamentary Planning: The supplementary budget targets the fiscal deficit for 2019
%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8

Information / Special…

The parliamentary planning committee confirmed on Monday that the supplementary budget will be approved to target the fiscal deficit by the federal budget law for 2019, while showing that the beginning of next month will be a date to study the items of the supplementary budget.

Committee member Mohammed Karim said in a statement to the information that the 2019 budget has witnessed a rise in its financial deficit without achieving concrete projects among citizens, pointing out that the House of Representatives will review all projects that have been implemented in the 2019 budget to see the completion rates.

He added that "the House of Representatives will approve the supplementary budget to target the fiscal deficit for 2019 and complete service projects," noting that "the beginning of next month will be a date to study the items of the supplementary budget in detail within the House."

The parliamentary finance committee revealed earlier that it seeks to approve a supplementary budget in the coming months to address some of the imbalances in the performance of the government in the field of appointments, noting that the supplementary budget will oblige the government to install electricity contracts and the Electoral Commission.

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