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Parliamentary Finance: The 2020 budget includes the exchange of the last payment of Kuwait's debts


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Tomorrow .. Kurdistan region is discussing the issues of oil and the general budget with Iraq

Tomorrow .. Kurdistan region is discussing the issues of oil and the general budget with Iraq
Iraq
 22 November 2019 11:58 PM

Direct: A delegation from the Kurdistan region to go to the Iraqi capital Baghdad, tomorrow, Saturday, to discuss a number of files, especially oil and the general budget .

The Iraqi News Agency "conscious", citing Iraqiya news channel, today, that a high-level delegation from the Kurdistan Regional Government will go to Baghdad, tomorrow, to discuss the files, including oil, and the financial budget for next year .

It is noteworthy, the delegation of the Government of the Territory will include the Minister of Finance and Economy, Awat Sheikh Janab, and the Minister of the Territory, Khalid Shwani, Chief of Cabinet, Amid Sabah, and the Secretary of the Council of Ministers of the Territory, Aman Rahim .

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  • yota691 changed the title to Parliamentary Finance: The 2020 budget will be very different from previous years
Release date:: 2019/11/24 8:58 • 883 times read
Parliamentary Finance: The 2020 budget will be very different from previous years
The Finance Committee in the House of Representatives has suggested that the State's general budget for 2020 will arrive in the House of Representatives this week or the next.
The Committee indicated that the next budget will differ significantly from previous budgets and will be in line with the demands of demonstrators and citizens.
Committee member Sherwan Mirza said that "the government is sending the 2020 budget to the House of Representatives this week or next week for discussion."
He added, "The budget for next year will be very different from the budgets prepared in the past, as they will come in line with the requirements of the current situation and the demands of the demonstrators." He ruled out that "the budget of the previous year will be similar to the previous year."
Mirza said, "The House of Representatives and the Council of Ministers have given a lot of promises to the demonstrators to intensify projects during the next phase and provide job opportunities for the unemployed, which contributes to calm the street, it can not be the budget of next year, as it is prepared by the government Accepted the previous government because of its one-year anniversary. "
"The Kurdish delegation that arrived in Baghdad yesterday will hold talks with the federal government on the region's share of the budget for next year and the delivery of oil revenues," Mirza said.
Member of the Committee MP Majid al-Waeli said that "the Council of Ministers has not yet set a date for sending the budget."
He added that "the Council of Ministers had to send the budget since last month, but it was much delayed, and has not yet set a date to send it to parliament."
For his part, member of the Finance Committee Jamal Cougar, that the budget 2020 will be allocated most of its doors to meet the demands of the demonstrators.
"The budget will include land distribution and building low-cost houses for the poor and needy," he said.
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Logo of the Ministry of Finance «Economy News»
  

 money and business


Business News

The volume of Iraq's spending during the past nine months, 66.4 trillion dinars, while revenues reached 73.2 trillion dinars, according to a document issued by the Ministry of Finance.

The volume of spending was divided into two parts: the operational budget, which amounted to 57.07 trillion dinars, and the second, the investment budget, which amounted to 9.3 trillion dinars.

KD 9.2 trillion is the amount of increase in spending over the same period of 2018, which amounted to spending 57.2 trillion dinars.

The operating budget in which the salaries amounted to the highest amount, 30 trillion dinars, while the most spending ministries are finance by 18.1 trillion dinars and then the internal amount of 7.9 trillion dinars and then the Kurdistan Regional Government by 4 trillion dinars.

As for the investment budget was the highest figure of the share of the Ministry of Oil, which amounted to 7.4 trillion dinars, which is the proportion of oil extraction and development of oil fields, which go to foreign companies within the tours of oil licenses and then comes the province of Basra by 485.9 billion dinars.

Financial revenues were divided into 67.4 trillion dinars of oil and mineral wealth, 1.8 trillion dinars of income and wealth taxes, 1.2 trillion dinars of commodity taxes and production fees, 662.4 billion dinars of fees and 434.6 dinars. 1 billion dinars public sector profits and 1.5 trillion dinars other revenues.


Views: 34   Date Added: 24/11/2019

 
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In the presence of a Kurdish delegation .. Ministerial Economic Council held a meeting to discuss the 2020 budget

11:10 - 25/11/2019
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Al-Maalouma / Baghdad .. An
informed source said on Monday that the Ministerial Council of the economy held a meeting to discuss the articles of the general budget for next year 2020.
The source said for the information, that the Council held a meeting chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein and the ministers of oil, trade and planning and the Secretary-General of the Council of Ministers and the Governor of the Central Bank and the Chairman of the National Investment Commission and agents of some ministries and a delegation from the Kurdistan region 2020 ”.
The source added, "The Ministerial Council also discussed a number of files and topics of interest to other ministries of the State and take appropriate decisions on them." Done / 25

https://www.almaalomah.com/2019/11/25/439607/

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26-11-2019 12:44 PM
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Baghdad / News

A member of the Parliamentary Finance Committee, Hanin al-Qadu, on Tuesday, that the committee will not allow the granting of the Kurdistan Region huge funds in the 2020 budget.

Al-Qadu said in a statement to the "news", that "any agreement with Kurdistan will fail because of their non-compliance with the items," noting that "the political blocs will refuse to vote on an agreement reproduced from its predecessors."

He explained that "can not re-experiences of the past years to give the provinces of the region a large amount of money at the expense of the services of the southern provinces in the 2020 budget."

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Under the agreement, the KRG will deliver the equivalent of 250,000 barrels of oil per day to the Baghdad government

 

Roudao - Baghdad

reached the Federal Government and the Kurdistan Regional Government in Baghdad on Monday, an agreement on the general budget for Iraq next year 2020, and under the agreement will be handed over the territorial Government is equivalent to 250 thousand barrels of oil per day to the Baghdad government.

A delegation from the Kurdistan Regional Government (KRG) arrived in Baghdad on Monday and held meetings with federal government officials in order to meet the demands of the Kurdistan Region in the draft budget of Iraq for 2020.

In this context, said Iraqi Oil Minister, Thamer Ghadhban, during a brief press conference attended by Rudaw Media, "An expanded meeting took place today in the presence of a number of representatives of the territorial government, headed by the Minister of Finance."

Ghadhban added that "on the part of the federal government was attended by the Deputy Prime Minister and Minister of Finance, Deputy Prime Minister for Energy and Oil Minister, along with the Governor of the Central Bank."

The Iraqi Oil Minister that "has been reviewing all the main points that are included and built on the federal budget law for 2020, and without doubt among the important points that the oil agreement was a pillar of the important pillars."

He pointed out that there is "a preliminary agreement, and I think it will be final, and provides for the delivery of an average of 250 thousand barrels of oil produced in the region per day to the Iraqi Oil Marketing Company to be exported through the Turkish port of Ceyhan on the Mediterranean, as of 1/1 / 2020 ".

Ghadhban added that "in return will be a budget, and representatives of the region will participate with their colleagues in the federal government, and will meet on Sunday and Monday of next week in the hope that the budget will be completed in its semi-final form, and then presented to the Prime Minister and the Council of Ministers for discussion and approval, and then Sent to the House of Representatives to take their legislative range to be promulgated by law, the Federal Budget Act of 2020. "

The representative of the Kurdistan Regional Government in Baghdad, Faris Issa, had earlier talked about what was contained in the meeting, and pointed out that "included the discussion of the share of the Kurdistan region of the Iraqi budget for 2020, and the amount of oil that Erbil will deliver to Baghdad, so the parties agreed in principle on a number of The points, including that the Kurdistan Regional Government to deliver 250 thousand barrels of oil per day to the Iraqi Oil Marketing Company (SOMO), in return, the federal government will deliver the share of the Kurdistan region of the budget in full.

During the drafting of the General Budget Law for Iraq every year, the Kurdistan Region asserts its right to its share of this budget, amounting to 17%, but the federal government has not delivered this share in full so far, as Baghdad stopped this share in previous years, the Government of Baghdad that She said that "the right of Kurds from the budget is less than 17%."

https://www.rudaw.net/arabic/business/251120191

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Parliamentary Finance: Approval of the 2020 budget will not face difficulty if this agreement is made

Release date:: 2019/11/27 19:47 • 633 times read
Parliamentary Finance: Approval of the 2020 budget will not face difficulty if this agreement is made
(Baghdad: Euphrates News) Likely parliamentary finance committee, pass the draft budget budget for 2020 in the House of Representatives if the final agreement between the governments of Baghdad and the Kurdistan region.
Committee member Sherwan Mirza said in a press statement that "the delegation of the Kurdistan Regional Government held two meetings with the federal government and the results of the dialogue were good and there was a rapprochement between them."
"There is another meeting next week and I think there will be an agreement between the two sides and will be finalized with the preparation of the draft budget law next week."
On the importance of the agreement of the federal government and the Kurdistan Regional Government with the legislation on the budget within the House of Representatives, Mirza said, "The agreement will facilitate the budget legislation within the House of Representatives, and this is linked to the opinion of parliamentary blocs and do not imagine that the budget will face difficulties within the House of Representatives if sent to us including the final agreement Between the two sides. "
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Baghdad - News

The Parliamentary Finance Committee confirmed on Wednesday that the budget for 2020 was set at more than 150 trillion dinars, and a financial deficit exceeding 50 trillion dinars.

A member of the Committee, MP Hanin al-Qadu, in a statement to "news", that "the Finance Committee does not have a new scale for the salaries of employees, but there is a subject to determine the salaries of the higher and lower grades, noting: The Parliamentary Finance Committee has placed this issue on the government and the Council Ministers to put a new scale of salaries, because there are salaries do not meet the request of the size of economic inflation in Iraq.

Al-Qadu added that the salary scale of employees needs to be reviewed continuously in order to suit the general economic situation of the country, pointing out that the parliamentary committee called on the government to conduct a comprehensive study of the salaries of employees in terms of determining salaries, reducing the differences and adjusting some salaries.

He continued: The Finance Committee has a civil service law, which is still in the process of study and discussion for the purpose of submission to the Presidency of the Parliament for approval, adding that the law focused on the function of its pillars and modernization of positions and the definition of responsibilities and powers in all functional grades in government departments, as well as the determination of penalties and sanctions Concerning the absence or abuse of literature, as well as retirement. As regards the salaries of retirees.

He stressed that the parliamentary Finance Committee was seeking to determine the salaries of retirees as a minimum of 600 thousand dinars, but because of the lack of financial resources in the federal budget, has been determined salary as a minimum of 500 thousand dinars, stressing that these salaries will not be fixed, but will be conducted Future adjustments in line with the economic situation, or we may make adjustments or increase the salaries of retirees if the availability of financial liquidity.

He pointed out that this measure will encourage workers in the private sector and self-financing companies to retire because their salaries do not exceed 400 thousand dinars, while the pension has become a minimum 500 thousand, and this will provide thousands of job opportunities for the unemployed and graduates.

He pointed out that the draft budget law in 2020 is still before the Economic Committee in the Council of Ministers for the purpose of addressing and search for financial resources to finance the budget, especially as this budget has excelled from its predecessors to increase financial shrubs to meet the demands of the demonstrators, which mostly financial aspects such as the provision of jobs and others, explaining that the estimates Indicates that the budget for 2020 will amount to more than 150 trillion dinars, and a fiscal deficit exceeding 50 trillion dinars.

 
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Date: 2019/11/28 13:00  136 times read
Agriculture: The 2020 budget includes the export of surplus crops abroad
Agriculture Minister Saleh al-Hassani said on Thursday that the budget for 2020 will include the export of all crops surplus domestic consumption outside the country to provide hard currency and support the national economy.
Al-Hassani said in a statement received (Euphrates News) a copy, that "the fundamentalist approvals have got to include the next budget this important paragraph, which restores the Iraqi agricultural prestige in light of the remarkable rise in the proportion of agricultural production, both plant and animal, and after the escalation of wheat production to {4750000 } Tons after {2174622} tons, which is more than 100%. "
He pointed to the "high production of high grade seeds to {2500000} tons and visit the areas allocated for cultivation of marshes to {649562} dunums after what was (5000} dunums as well as a large expansion in the areas allocated for the next winter plan 2019-2020 to be {15628103} million dunums ".
Al-Hassani stressed the "actions and plans implemented by the ministry to promote the agricultural sector in both plants and animals, including granting wheat marketers for their financial dues on the next day of marketing, postponing the collection of rent allowances for agricultural contracts for this year and previous years and reducing the wages of agricultural services that are collected by the Agricultural Lands Department." .
Al-Hassani pointed out to the establishment of a center specialized in date palm production and preparation to prepare scientific and professional studies to promote this important sector within the circle of horticulture, pointing to the balance and stability in the level of prices of agricultural and animal products such as table eggs, where the ministry has prevented the import of a large number of these products and reflected on Encouraging the peasants and practicing their agricultural work and returning them to their formerly abandoned lands. "
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  • yota691 changed the title to Parliamentary finance for the "news" budget deficit 2020 exceeds 40 trillion dinars
02-12-2019 02:45 PM
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Baghdad

A member of the Parliamentary Finance Committee Ahmed Hama Rashid, on Monday, a large deficit in the budget of 2020, while stressing that the deficit will exceed 40 trillion dinars.

Rashid told Al-Akhbaria that the House of Representatives has not yet received the 2020 budget so far, noting that the budget has a large deficit exceeding 40 trillion dinars because the estimated revenues do not fully cover expenditures.

He pointed out that "there is a preliminary agreement between Baghdad and Erbil on the delivery of the Kurdistan region 250 thousand barrels of oil to the company SOMO," stressing that "the budget next year does not contain any financial allocations for new functional degrees and the announced by the House of Representatives degrees of deletion and development."

He pointed out that "the estimated revenues will be 84 trillion dinars," adding that "This shows that 20 trillion dinars will be divided as follows 13 million for licensing rounds and 7 trillion of which remain for debt and interest."

It is noteworthy that the budget of 2020 was supposed to reach the House of Representatives in mid-October.

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Next year's budget .. sent to the House of Representatives within days and its deficit up to 40 trillion dinars

Economy | 08:36 - 02/12/2019

 
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Private-Mawazine News
The parliamentary finance committee confirmed on Monday that the caretaker government will send a budget bill next year to the House of Representatives within days, while noting that its deficit will reach 40 trillion dinars.
Committee member Sherwan Mirza told Mawazine News that "the caretaker government continues to prepare the budget and there are efforts from the ministries of planning and finance to send them in the coming days to the House of Representatives."
He added, "The vote on the law depends on the House of Representatives," noting that "the ball in the court to vote on the law."
Committee member Ahmed Hama Rashid said that "the budget has a large deficit of more than 40 trillion dinars because the estimated income does not fully cover expenses."
He added, "There is a preliminary agreement between Baghdad and Erbil on the delivery of the Kurdistan region 250 thousand barrels of oil to the company SOMO," stressing that "the budget next year does not contain any financial allocations for new functional degrees and announced by the House of Representatives degrees of deletion and development."
He pointed out that "the estimated revenues will be 84 trillion dinars," adding that "this shows that 20 trillion dinars will be divided as follows 13 million for licensing rounds and 7 trillion of them remain for debt and interest."

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  • yota691 changed the title to Iraqi official: 2020 budget of 160 trillion dinars

Iraqi official: 2020 budget of 160 trillion dinars

Iraqi official: 2020 budget of 160 trillion dinars
Paper money in the category of 50 thousand Iraqi dinars
 05 December 2019 12:31 PM

Direct: Member of the Iraqi Council of Representatives Haneen Qadu, on Thursday, the value of the budget 2020.

He said, according to the Iraqi News Agency (conscious), that the size of the budget next year 160 trillion ($ 133.04 billion).

The budget deficit for 2020 is 50 trillion Iraqi dinars ($ 4.16 billion), he said.

He pointed out that the value of Iraqi imports amounted to 84 trillion Iraqi dinars (69.84 billion dollars).

He continued: "The investment side will be zero and we will turn to domestic loans and the banks of the Central Bank and others so that we can move the economic process."

The member of the Iraqi parliament, that there is a big problem in the subject of the search for internal and external loans in order to maintain operating expenses.

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Date: 2019/12/5 11:20 • 701 times read
Parliamentary Finance: Budget 2020 suffers from a big problem
BAGHDAD: The parliamentary finance committee revealed a problem that it described as "large" in the draft federal budget law for 2020.
Committee member Naji al-Saidi said in a press statement that "the budget is still in the corridors of the Ministry of Finance because there is a big problem suffered by the budget" without disclosing what this problem.
He added that "Prime Minister (Adel Abdul Mahdi) before resignation voted in principle on the public budget."
"The new pension law provided more than 200,000 jobs, as well as deletion and creation degrees that exceed more than 250,000 jobs," he said.
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Source:
 
38,648 views

A member of the parliamentary Finance Committee Hanin Kaddo, Thursday, that the current government can not submit the budget for next year only after the formation of the new government.

He said in an interview with Alsumaria News, "The federal budget for next year is still up to the moment the Economic Committee in the Council of Ministers," noting that "we have a big problem in the availability of funds in order to meet the obligations of the Iraqi government to the Iraqi people, a very serious problem."
 
He added that "Parliament may now begin to study the next budget vocabulary informally in order to create conditions for the final wording, to get out of this big dilemma because of the large commitments placed by the government and the Ministry of Finance and the House of Representatives," pointing out that "the current government You can not submit the budget for next year only after the formation of the new government. "
 
Al-Qadu confirmed that "in case of delay in approving the next budget, for whatever reason, the rate will be spent 1/12 of next year's budget monthly for the purpose of paying the salaries of employees until the budget is approved."
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  • yota691 changed the title to Deputy: Sending the budget law by the caretaker government is legal
07-12-2019 10:35 AM
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Baghdad / news

Today, Saturday, a member of the Legal Committee, Hahar Mahmoud, stated that sending the 2020 budget law from the government to Parliament is a legal matter in accordance with the Federal Financial Administration Law No. 6 of 2019 even if it is a caretaker government.

Mahmoud said in a statement that Al-Ikhbaria received a copy of it, “After accepting the resignation of Prime Minister Adel Abdel Mahdi by Parliament, the government has become a caretaker and there is a problem. Can the caretaker government send the draft budget, according to the internal system of the cabinet, which stipulates that there is no government Carrying out business Sending bills to Parliament In accordance with this system, the Council of Ministers is looking for a legal loophole through which to send the budget.

She added: It is true that according to the internal system of the Council of Ministers, the caretaker government does not have the right to send draft laws to Parliament, but the Federal Financial Administration Law No. 6 of 2019 obliges the government to send the budget to parliament in mid-October every year whether the government is normal or caretaker. For the principle of legislative progression, the aforementioned law must be applied, not the internal system.

And she continued: "The budget law is not a sovereign business and it has its own nature and differs from other bills. It is a daily necessity, and the legislation of necessity is considered because it relates to all citizens, and therefore the Council of Ministers can send it to Parliament."

Mahmoud stressed that "the budget law is one of the important laws that differs from the rest of the other bills, and who has an objection can go to the Federal Court and challenge that until it is decided by the said court."

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Parliamentary Finance: The 2020 budget will be built on the basis of the new government program

By AhadNA3 10/12/2019 02:49 PM | Views: 83

Parliamentary Finance: The 2020 budget will be built on the basis of the new government program

Al-Ahed News- Baghdad

Member of Parliamentary Finance Committee Haneen Al-Qaddou revealed today, Tuesday, that there is a tendency to reformulate the 2020 budget law to be in line with the new government program, indicating that the caretaker government cannot set the economic program for a full year.

Al-Kiddo said in a press statement seen by Al-Ahd News, that "passing the country's budget through a previous government program can never be based on the ideas of an expired government."

He added, "The next government is obligated to develop a new strategy to fortify and support the economy by diversifying funding sources and relying on other wealth, agriculture and industry, and then formulating a budget along the lines of the new program."

Al-Qudo said, "The current government is to conduct daily business and according to the law, it does not have the right to send the current budget to Parliament, which requires the next government to reconsider it radically." End 2

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  • yota691 changed the title to Parliamentary finance reveals the fiscal deficit in next year's budget
5,349 views

The Parliamentary Finance Committee revealed, today, Tuesday, a deficit of 48 trillion dinars in the budget for next year, considering that this deficit will hinder the passage of the budget law in the specified period.

"There is a search for new financial resources in order to support the budget, which is estimated at more than 150 trillion dinars," he said, noting that "the accumulated debts, as well as licensing rounds, pressure expenses and employee salaries will be reduced from the side Investment in the budget. "
 
 
 
And the example that "the public budget will face the problem of voting on it within the specified time period unless the financial deficit, which is estimated at 48 trillion dinars, is addressed."
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2020 BUDGET DEFICIT ESTIMATED AT 48 TRILLION IRAQI DINARS: MP

111220198521wthwthjtw.jpg
Iraqi dinars (File) 

10 Hours ago 

http://www.nrttv.com/En/News.aspx?id=18267&MapID=2

 

SULAIMANI — An Iraqi lawmaker said on Tuesday (December 10) that the federal budget deficit for 2020 is estimated to be 48 trillion Iraqi dinars ($40.3 billion).

Member of the Finance Committee Hanin Qado said that the deficit could result in problems for the federal budget, al-Iraqia TV reported.

“The federal budget will face a delay in voting in the parliament and the reduction of the budget deficit, which is estimated at 48 trillion dinars, cannot be solved in a short period of time,” Qado told al-Iraqia TV.

We are looking for other financial resources to support the budget, which is more than 150 trillion dinars,” he said without giving further details.

The lawmaker further said that loans, banks fees, and employee salaries have reduced the investment portion in the budget.

In September, the Council of Representatives’ Finance Committee said it would send back for revision any 2020 draft federal budget that contained large budget deficits.

The Bayan Center estimated that in 2017 that Iraq’s debt totaled $122.9 billion. Of that, $73.7 billion was held externally and $49.2 was domestic.

(NRT Digital Media)

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  • yota691 changed the title to In 2020 .. Iraq to {temporary budget}

In 2020 .. Iraq to {temporary budget}

Wednesday 11 December 2019 135

In 2020 .. Iraq to {temporary budget}

 
Baghdad / Al-Sabah / Omar Abdul-Latif
 
The Finance Committee approved in the House of Representatives that Iraq will enter in 2020 a "temporary budget", due to the delay in its transmission by the current caretaker government due to a procedural legal problem, noting that this situation is similar to what happened in the past year, prior to the formation of the government of Prime Minister Adel Abdul Mahdi.
Committee member Dr. Ahmed Al-Saffar told Al-Sabah: “It was hoped that the budget will be sent to Parliament last Thursday, but we were surprised by the Prime Minister’s apology for sending it because there was no authority to send any draft law to Parliament, including the budget, because his government is now A caretaker government. ”He added,“ The House of Representatives inquired about that and it appeared that the Prime Minister could send important bills to the parliament in the first week of the caretaker government, stressing that ”the parliament in turn cannot read and discuss the budget and vote on it if it is sent during December The current. "And between the yolk, that shame S will have to adopt (interim budget) acted monthly salaries, and only operational budget, with the exception of the investment budget and exchange contracts and functional grades until the vote on the budget 2020 ". Member of Parliament Bahar Mahmoud showed that "
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  • yota691 changed the title to Iraq will enter 2020 with a temporary budget
 
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Residential projects
  

 money and business


Economy News - Baghdad

The Finance Committee confirmed in the House of Representatives, Thursday, that Iraq will enter in 2020 with a "temporary budget", due to the delay in its transmission by the current caretaker government due to a procedural legal problem.

Committee member Ahmed Al-Saffar said in a statement reported by the official "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "it was hoped that the budget would be sent to Parliament last Thursday, but we were surprised that the Prime Minister apologized for sending it because there was no authority to send any bill To Parliament, including the budget, because his government is now a caretaker government. "

He added: "The House of Representatives inquired about this and it appeared that the Prime Minister can send important bills to the parliament in the first week of the caretaker government," stressing that "the parliament in turn cannot read and discuss the budget and vote on it if it is sent during the current December."

And Al-Saffar said, that Iraq "will have to adopt (a temporary budget) that will be spent on a monthly basis for salaries, and the operational budget only, and the investment budget, contracts and job grades will be excluded from voting until the 2020 budget."


Number of views 209   Date added 12/12/2019

 
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  • yota691 changed the title to Parliamentary Finance: The 2020 budget includes the exchange of the last payment of Kuwait's debts
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