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

[yota691]

2019/08/25 04:52:30 PM 128

Tamimi denies the arrival of the budget of the three presidencies to 46 trillion dinars

 

Baghdad / Al-Ghad Press:

MP Majida Al-Tamimi denied on Friday reports that the allocation of the three presidencies in the country to more than 46.600 billion dinars.

 

 

Tamimi said in a statement to her library received by tomorrow, a copy of it, that what was reported by social networking sites and some media networks is incorrect, as `` our tweet referred to the total sovereign expenditure in 2019 in full, including the paragraph of the three presidencies, which is in addition to the Popular Mobilization Commission Ministry of Foreign Affairs, Counterterrorism, Defense, Federal Supreme Court, Electoral Commission, Human Rights Commission, Accountability Commission, Property Claims, Iraqi Commission for Radioactive Sources, and National Intelligence Service.

It also includes the fees of the International Audit Company and the Committee of Financial Experts, contributing to the costs of producing crude oil exported, the amounts of Arab and international contributions, the current expenses of the Directorate of Civil Status, Passports and Residency, and the leadership of the border guards and the Federal Police The Department of Weather and Licensing Contracts, along with the Office of Financial Supervision, Integrity Commission, as well as repayment of loans to 73 external and internal bodies. "

Al-Tamimi said that the expenses of the three presidencies of the amount is only 1.04%, calling on the Iraqi public opinion to "not to follow the news that is published through sites and fake pages."

[yota691]

Deputy: The government is going through a very large deficit and the next is dangerous

Date of edit:: 2019/8/25 22:07 • 200 times read

"The government of Iraq, unfortunately, is going through a very large deficit," said Mohammed Iqbal, a deputy for Nineveh province.

"The country needs bold decisions and people are waiting for honest answers from its politicians," Iqbal said in a statement received by Euphrates News. 
"All the political maneuvers fall in the face of a future that is threatened by many factors and daily variables." 
Iqbal pointed out that "the political deficit leads the countries to disintegrate and the next is dangerous and large," noting that "time is running out for everyone, not wasting it."

[Butifldrm]

Parliamentary action: Parliament will reduce the sale price of a barrel of oil below the $ 50 budget in 2020

16:08 - 26/08/2019

0

Information / Special…

The parliamentary working committee confirmed on Monday that the decline in global oil prices would put the government in front of an economic "disaster" if it adopted the sale price of oil for $ 56 a barrel in the draft federal budget for 2020, while showing that the parliament will go towards reducing the sale price of oil barrels below $ 50 To avoid fiscal deficits.

Committee member Fadhil al-Fatlawi said in a statement to the information that the government is geared towards activating local industries to reduce dependence on oil exports, pointing out thatIraq has borders and natural resources that it can rely on instead of oil in preparing federal budgets.

He added that "the decline in high oil prices will put the government in front of an economic disaster in the case of the adoption of the sale price of oil barrel 56 dollars within the budget of 2020 ″, noting that" Parliament will go towards reducing the sale price of oil barrels below 50 dollars in the new budget to avoid the expected fiscal deficit.

Oil expert Hamza al-Jawaheri predicted last week that world oil prices would fall below $ 50 per barrel, while the government warned against the adoption of $ 56 to sell a barrel of oil in the draft federal budget for 2020.

The Organization of the Petroleum Exporting Countries (OPEC) has announced pessimistic forecasts for oil for the remainder of 2019, in light of the escalating trade war between the United States and China, and the exit of Britain from the European Union.

OPEC cut its forecast for oil demand growth in 2019 to 1.10 million barrels per day, and the Organization of Petroleum Exporting Countries is likely to report a slight surplus in 2020.

https://www.almaalomah.com/2019/08/26/425592/

[yota691]

Secretariat of the Iraqi ministers review the budget of the Council for 2020..and opinion "planning" Metro Baghdad

Previous meeting of the Iraqi Council of Ministers

 27 August 2019 12:14 PM

Direct: The Council of the Secretariat General of the Council of Ministers of Iraq held its fourth regular session, under the chairmanship of the Secretary-General of the Council of Ministers Hamid al-Ghazi.

The Cabinet reviewed, according to a statement of the Council of Ministers, the sections of the General Secretariat budget for the coming year, in preparation for approval and sent to the competent authorities and included in the federal budget for 2020.

During the Council's discussion of the strategic plan of the Secretariat, the Secretary-General stressed that the plan focuses on three axes;

The session dealt with the importance of holding training workshops for the concerned cadres to identify the requirements of the departments of the Secretariat and classify them according to standard forms.

The Board reviewed the achievements of the field teams in the follow-up of the government program projects in Baghdad and the governorates, and the criteria adopted in determining the total achievement of the program fully announced in the first evaluation.

The Council recommended the formation of technical teams to review the observations and finalize the topics that were circulated and submitted to the Council next week, with emphasis on activating the government media in the presentation of government efforts and activities transparently.

On the other hand, the Secretary-General of the Council of Ministers Hamid al-Ghazzi, the need to increase cooperation between the relevant sectors; to accomplish projects of roads and bridges and rehabilitation of the entrances to the capital Baghdad, and to remove traffic jams there.

This came during the presidency of al-Ghazi meeting of the Committee for the development of entrances and streets and the dismantling of traffic jams in the capital Baghdad, in the presence of the Governor of Baghdad Falah Algerian and a number of deputy ministers.

The Secretary-General clarified the content of the communications received from the Ministries of Planning and Finance on the provision of financial allocations for the completion of the development project;

[Butifldrm]

Office of loans and its benefits are pursuing Iraq .. 20 billion dollars repaid in 2020

 

 Tuesday, August 27, 2019

save  Print 

Baghdad - Writings

The budget contains the allocation of billions of dollars only under the item to pay the Iraqi Diwan abroad in 2020 alone that revealed by officials in the House of Representatives.

Jamal Cougar, a member of the Finance Committee of the Iraqi parliament, said in his remarks on Tuesday, 27 August 2019, that the budget of Iraq for next year 2020 will see the allocation of $ 20 billion under the item of repayment of external debt and interest borrowed by the Iraqi state in the past, said earlier reports that it exceeds 100 billion Dollars since the war on ISIS until 2019.

Cougar MP from the province of Dohuk explained that the Finance Committee will put an item in the budget prevents external borrowing; especially as Iraq is awash in debt and chasing its benefits for years, which he described as a burden on Iraq without solutions to the problem.

He pointed out that the size of the federal budget for 2020 is estimated at 139 trillion dinars if a barrel of oil is calculated at the price of $ 53, hinting at the same time that these figures are preliminary and will be subject to reduction or increase depending on the variables that will occur by October.

https://kitabat.com/news/ديوان-القروض-وفوائدها-تلاحق-العراق-20-م/

[yota691]

Parliamentary Finance: $ 20 billion allocated to pay dues and benefits and will prevent external borrowing

Political | 02:06 - 27/08/2019

 

 

 

Baghdad - Mawazine News 
The Finance Committee, in the House of Representatives, on Tuesday, the allocation of $ 20 billion to meet the dues and benefits, announcing its intention to add a paragraph in the new budget to prevent the government from borrowing abroad. 
"The federal budget for 2020 will be allocated between $ 15 billion and $ 20 billion to pay the dues and benefits of foreign debts owed by the Iraqi state," said the committee's deputy Jamal Couger. . 
He added, "This debt is abhorrent if the Iraqi state can continue on this policy to get rid of the interest of these loans," noting that "external debt has become a burden on Iraq without solutions to the problem." 
"He continued,"
And that, "the Department of the budget is working to reduce the budget deficit expected 72 trillion dinars," explaining that "the default deficit will be less than this figure." 
The member of the Committee, that "the size of the federal budget for 2020 is estimated at 139 trillion dinars in the calculation of the price of a barrel of oil sale of $ 53," adding that "these figures are preliminary and will be subject to reduction or increase depending on variables."

[yota691]

Agreement on the delivery of Erbil 250 thousand barrels per day within the 2020 budget

 AUGUST 27TH, 2019

 

 48 VIEWS

SOMO: Indian companies bought the most Iraqi oil in July

Baghdad - 

KUWAIT CITY: The Kurdistan Regional Government (KRG) will hand over 250,000 barrels of oil per day to the federal government in Baghdad during the 2020 budget, the Patriotic Union of Kurdistan (PUK) said on Tuesday. 
MP Piston Adel said in a press statement that the 2020 budget will include a good agreement between the government of the Center and the region on oil and salaries ». 
He added that «the delegations of talks between Baghdad and Erbil have made good strides on controversial issues», noting that «the budget for 2020 will include an agreement between the central government of Baghdad and the region on oil and salaries to hand over the center (250) thousand barrels of oil per day». 
Piston said that «this agreement will be in exchange for sending the budget items by the central government of the region, which will be discussed by the delegation of the region, which will visit Baghdad soon». 
Meanwhile, the oil marketing company «Somo», on Tuesday, that the Indian oil companies, followed by Chinese companies were the most buyers of Iraqi oil during the month of July. 
The «Sumo» in an official statistics published on its official website, that «Indian companies were the most among other international companies to buy Iraqi oil and by 8 companies out of 32 companies bought oil during the month of July». 
Sumo added that «Chinese companies came second with 7 companies, followed by American companies and 3 companies», noting that «the rest were distributed to British, Italian, Egyptian, Turkish, Spanish, Russian, Greek, Japanese and Malaysian». 
It said, it «depends in the sale of Iraqi oil on the main criteria for contracting with major international oil companies and medium and independent government vertically integrated», noting that «the most prominent global companies that buy Iraqi oil are the Italian company Eni and the British company BP and China Oil Company and Oxon Mobil American company and Russian Gazprom ». 
In the context, the first deputy speaker of the House of Representatives Hassan Karim Kaabi, near the opening of an oil refinery with a capacity of 70 thousand barrels in the province of Muthanna, while Prime Minister Adel Abdul Mahdi called for the next meeting of the Council in the province. 
A statement by the Office of the Kaabi, that «the first deputy speaker visited the province of Muthanna, accompanied by the Ministers of Reconstruction and Housing, two banks Rikani and agriculture Saleh al-Hassani». 
Al Kaabi explained that «the services in Muthanna are not commensurate at all and being the second largest area in Iraq and its geographical location and wealth of economic, tourism and agricultural large», stressing «the need to speed up the provision of drinking water and treatment of pollution as a top priority for its association with people's lives And enhance security and stability in cities, villages and the desert for its role in attracting local and foreign investment opportunities ». 
He called the Deputy Speaker of the Parliament, the Ministry of Finance and the Central Bank, to «support the economic, agricultural and investment sector by reducing loans to farmers and granting the loan of 25 million unemployed youth, adding that« the Minister of Oil confirmed to him the opening of an oil refinery with a capacity of 70 thousand barrels Muthanna in the near future, which contributes to reduce unemployment and other material issues benefit the people of the province in general ». 
He pointed to «near the opening of the border crossing with Saudi Arabia in the coming days, as agreed with the government recently».

[yota691]

THE KURDISTAN DEMOCRATIC PARTY REVEALS THE PROPORTION OF THE REGION'S BUDGET FOR 2020 AND EXPECTS AN EARLY DEBATE

Wednesday, 28 August 2019 12:42 PM

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Baghdad / National News Center

The MP for the Kurdistan Democratic Party Diyar Barwari, on Wednesday, that the share of the Kurdistan region within the federal budget more than 14%, according to the Ministry of Planning, pointing out that there are some blocks push to reduce the proportion of the budget for the region.

Barwari said in a statement to the National News Center, that "there is a problem in Iraq about the budget of the Kurdistan region," noting that "the federal government and the Ministry of Planning over the past few years reduced the budget of the region for lack of census."

He explained that "the census failed due to many security, military and political arguments," noting that "the share of the region remained dependent on negotiations, although the Ministry of Planning more than once confirmed that the share of the region more than 14%."

He pointed out that "there are political pressures to reduce the powers of the Kurdistan region and the same political forces that call for the reduction of powers for the region are the same prevent being part of the federal government."

Barwari added that "the proportion of the budget of the region linked to the two governments and the Ministry of Planning and Finance in essence," pointing out that "there are a lot of thorny files outstanding since 2005 so far need to the same real to resolve such as the subject of Peshmerga forces and how to deal with equipment and training and all remained outstanding in addition to many Other topics. ”

[6ly410]

Jubouri for "Covenant News": the budget of 2020 contained 20 paragraphs on debt on Iraq

By Alialhajj 28/08/2019 11:42 PM | s: 879

http://alahadnews.net/index.php/permalink/174962.html

 

A member of the Finance Committee in the House of Representatives Ahmed Mazhar al-Jubouri, that there are 20 paragraphs of debt will be in the budget 2020, Jubouri told the "Covenant News" that the committee held five meetings during the past month with the Ministry of Finance to discuss the 2020 budget.

Indicating that the budget deficit is 72 trillion dinars.

He continued that the House of Representatives, represented by the Finance Committee and the Ministry of Finance are looking for solutions so far to fill the large budget deficit, noting the existence of 20 paragraphs in the budget related to debts that burdened Iraq, hinting that some of these loans imposed on Iraq by the World Bank, despite the unwillingness I do this.

He pointed out that the problem of deficit in the budget of 2020 deserves a serious pause to develop appropriate solutions to this.

 

Edited August 29, 2019 by 6ly410

[6ly410]

Parliamentary economy expects unprecedented deficit budget 2020 .. The reason Kurdistan!

Politics , 2019/08/28 23:00 , Reads: 141

 

 

http://iraqtoday.com/ar/news/32401/الاقتصاد-النيابية-تتوقع-عجزا-غير-مسبوق-بموازنة-2020-والسبب-إقليم-كردستان?latest

 

Baghdad - Iraq today:

The Committee on Economy and Investment Parliament, on Wednesday, expected an unprecedented budget deficit in 2020 because of the lack of knowledge of Iraq's resources in the Kurdistan region. He said a member of the Committee, Riad al-Tamimi, "It is expected to see Iraq's budget deficit unprecedented next year, in the absence of management of national resources and confined to Baghdad." Al-Tamimi said: "We will become a budget deficit in 2020 by more than 72 trillion dinars (about $ 60 billion), part of which is due to the lack of knowledge of Iraq's resources in the Kurdistan region, whether oil and gas or ports and taxes." He added, "The region takes more than 13 per cent of imports of the general budget without delivering one dollar so far." The KRG has six major land trade outlets with both Turkey and Iran, responsible for supplying about 50 percent of Iraqi Kurdistan's food, construction, and other items such as auto spare parts, medicines, and furniture, as well as many goods that Iraq generally imports from its northern neighbor. And eastern. The region's most prominent outlets with Iran include Haji Omran, Bashmakh, Pervez Khan, and Kermak, in addition to other small outlets used for the movement of passengers and simple goods such as Kelly, Shoshmi, Taweelah and Sheikh Saleh. And "Bishta". With Turkey, two outlets, the first is Ibrahim Khalil, the main trade. Iraq also has another outlet with Syria and is located within the Kurdistan region known as "Simalka", but it has been closed since the tense situation in Syria. The volume of trade in ports is between 12 and 16 billion dollars annually, and the majority of goods go to Baghdad and other cities south, central and west of the country.

[jg1]

budget deficit is 72 trillion dinars and 0 % projects complete!😲

[yota691]

 

 

Parliamentary economy expects unprecedented deficit budget 2020 .. The reason Kurdistan!

•  August 28, 2019 - 14:49
•  
•  Number Of Hits: 94

 

BAGHDAD (Reuters) - Iraq's parliamentary economy and investment committee predicted on Wednesday an unprecedented budget deficit in 2020 because of the lack of knowledge of Iraq's resources in the Kurdistan region. He said a member of the Committee, Riad al-Tamimi, "It is expected to see Iraq's budget deficit unprecedented next year, in the absence of management of national resources and confined to Baghdad." Al-Tamimi said: "We will become a budget deficit in 2020 by more than 72 trillion dinars (about $ 60 billion), part of which is due to the lack of knowledge of Iraq's resources in the Kurdistan region, whether oil and gas or ports and taxes." He added, "The region takes more than 13 per cent of imports of the general budget without delivering one dollar so far." The KRG has six major land trade outlets with both Turkey and Iran, responsible for supplying about 50 percent of Iraqi Kurdistan's food, construction, and other items such as auto spare parts, medicines, and furniture, as well as many goods that Iraq generally imports from its northern neighbor. And eastern. The region's most prominent outlets with Iran include Haji Omran, Bashmakh, Pervez Khan, and Kermak, in addition to other small outlets used for the movement of passengers and simple goods such as Kelly, Shoshmi, Taweelah and Sheikh Saleh. And "Bishta". With Turkey, two outlets, the first is Ibrahim Khalil, the main trade. Iraq also has another outlet with Syria and is located within the Kurdistan region known as "Simalka", but it has been closed since the tense situation in Syria.

 

 

[6ly410]

Finance reveals the truth about the current figures on the budget deficit in 2020

Date of edit:: 2019/8/29 18:15 • 142 times read

http://alforatnews.com/modules/news/article.php?storyid=209286

 

The Office of the Minister of Finance Fuad Hussein, on Thursday, that the figures circulated by some media about the fiscal deficit in the budget for 2020 is incorrect.

The office said in a statement received (Euphrates News) a copy of it, that "the Ministry of Finance has been holding since the beginning of this year to hold more than sixteen meetings to discuss the strategy of preparing the budget for the coming years and in the presence of the Finance Committee in the Iraqi Council of Representatives and representatives of all ministries, bodies and provinces and the highest levels and the ministry Continuing until the date of preparing the statement in daily face-to-face meetings with ministers, heads of authorities and governorates and directors of financial departments in all state institutions in order to prepare a draft budget based on programs and performance and in line with the government program.
The statement added that "the figures put in the media about the proportion of the budget deficit is premature and unfounded." is over

 

[6ly410]

Parliamentary Integrity: 1 trillion and 620 billion budget in 2019 allocated to increase salaries in the region

19:50 - 29/08/2019

https://www.almaalomah.com/2019/08/29/426191/

 

Information / Special…

The Committee on the Integrity of Parliament, on Thursday, the existence of more than one trillion and 620 billion within the budget of the region to increase the salaries of employees and new appointments at a time deprived the rest of the provinces of appointments.

Khalid Jawad, a member of the Integrity Committee, told Al-Maalooma that the 2019 budget was marred by a lot of ado and was not divided fairly among the rest of the provinces.

He added that "the Committee recorded many observations on the budget in terms of the distribution of projects and allocations until the announcement of projects and launch," pointing out that "there is an estimated trillion and 620 billion within the region's budget allocated to increase the salaries of the region's employees and new appointments in twisted ways of Kurdistan."

He explained that "there is deprivation of the rest of the provinces of appointments and prevented increases for the rest of the state employees in the federal government and launched increases for the region, which requires reconsideration and not to repeat the mistakes in the budget of 2020."

[yota691]

29-08-2019 06:13 PM

Finance: The current figures on the budget deficit in 2020 are not true

 

 

Baghdad / News

Finance Minister Fouad Hussein's office confirmed on Thursday that the figures circulated by some media about the fiscal deficit in the 2020 budget are incorrect.

The office said in a statement received "news" that "the Ministry of Finance has been holding since the beginning of this year more than sixteen meetings to discuss the strategy of preparing the budget for the coming years and in the presence of the Finance Committee in the Iraqi Council of Representatives and representatives of all ministries, bodies and provinces and the highest levels and the ministry continues until the date of preparation Statement in daily face-to-face meetings with ministers, heads of authorities and governorates and directors of financial departments in all state institutions in order to prepare a draft budget that adopts programs and performance and in line with the government program.

The statement added that "the figures put in the media about the proportion of the budget deficit is premature and unfounded."

[6ly410]

Wednesday 29 August 2019

Our budget in 2019 and our budget in 2020

Wednesday 29 August 2019

 

https://annabaa.org/arabic/economicarticles/20417

Prominent economists from around the world, as well as experts from international economic organizations, expect a global recession in 2020.As far as Iraq is concerned, this will mean a decline in world oil prices and a drop in oil revenues, which account for 95% of total budget revenues. To the state.

An example of clarification (and the figures and details I will mention, to bring the idea closer to more people) are personal "estimates", which may not match official data and "ratings", and any citizen can get more accurate data by looking at the main items of the public budget Or through relevant data in the World Bank and IMF reports, available on more than one website:

- If Iraq is now receiving annual oil revenues of $ 72 billion (with oil exports of 4 million barrels per day, and the price of $ 50 per barrel), then the main expenses "ruling" in the state budget, which does not need any diligence or skepticism or interpretation The revenues will be distributed immediately (and by necessity) are as follows: $ 40 billion salaries (of all kinds, including pensions and social protection salaries) / $ 25 billion for the oil and gas sector and the costs of "licensing rounds" / $ 20 billion to pay Installment of debts and compensation .. Where it is time to start paying a We were previously satisfied with debts / $ 5 billion for the electricity and energy sector / $ 2 billion medicines / $ 1 billion ration card / $ 2 billion to pay other "ruling" obligations .. / The total will be $ 100 billion .. a shortfall (deficit) of 28 billion Dollars in revenue compared to (only) these expenses. If we add non-oil revenues (estimated at $ 10 billion at best), the net deficit will be $ 18 billion.

Now, if all of our oil revenues do not cover these expenditures (and they often do not, our successive public budgets have a “fixed” deficit of at least $ 25 billion a year and need other sources of funding). ???

What about the "poor" investment budget expenditures, the necessities of upgrading miserable infrastructures, the costs of stalled and pending projects, and the costs of "development" in general in a country where the majority of the population is deprived, multidimensional poverty, and all its cities, districts and districts , And his readers, from sustainable ruin?

But what about spending on the rest of the other operational budget items (goods and services), which is not less than 20 billion dollars ???

In all other "oil" countries and countries that respect themselves, and respect their citizens (including Iran, Saudi Arabia, and the United Arab Emirates), oil accounts for no more than 35% of their GDP and 40% of state budget revenues, except we (our oil) 65 (95% of GDP and 95% of the state budget).

So if oil prices fall below $ 30 a barrel, and (or) oil exports fall below 2 million barrels per day, due to a decline in global demand, which in turn is caused by trade wars, declining investment, and disturbed capital markets, and thus slower growth in The major (and non-major) industrial economies in the world ???

What exactly are we going to do .. specifically ??????

What we will do and our non-oil revenues are scarce to unacceptable or reasonable limits.Our foreign debt was around $ 125 billion in 2017 (63% of GDP), rising to $ 132 billion in 2018, and is expected to reach $ 138 billion in 2017. 2020 (according to IMF data)?

Are we not yet satisfied with rhetoric, clowning, tampering, and waste of available resources?

Did we not satisfy the wars of "personal", "alternative" and "authentic", on the various motives and nomenclature, and its permanent ruin, long ??

We do not have an "economy" in the sense of the modern economy. We have a bazaar. What happens if the main source of funding for this bazaar collapses?

Let the Prime Minister come to the Ministers of Finance, Planning, Oil, Agriculture, Industry, Trade and Labor. The President of the House of Representatives comes with its relevant committees (the most important of which are the Finance Committee, the Economy and Investment Committee, and the Oil Committee ..). Let the President of the Kurdistan Regional Government and his ministers corresponding to their peers in the federal government. Let the President of the Republic bring representatives of the private sector (domestic and foreign) and preside over the session. Let the gathering (if they want) economists who are known for their professionalism and efficiency (from inside and outside) .. They all sit in one hall, and meet in a live broadcast in public, and tell us what they have and what they, and what we and what we .. As is, they clarify the statements, and present the facts (no matter how shocking).

To do that, and to do it now, not for nothing, for nothing, but to answer the questions of "simple" and naive, but they are urgent, and "fateful" now, namely: What we have done to you, and you, you Iraqis in the budget of 2019 And what we will do for you, and in you, in the 2020 budget .. And how .. and why .. and where ??

Don't the Iraqis deserve it?

Don't they deserve to know why they are threatened with a “catastrophic”, “terrifying” and “terrible” deficit in the state budget for fiscal year 2020, estimated by some to be around $ 60 billion (70 trillion dinars)?

What is the most deserving subject for consultation, consensus and discussion, meetings and "protests", and most deserving of the "jihad" of loyalty, "opposition" and "resistance", if not?

Doesn't Iraq and Iraqis deserve that?

If Iraq and Iraqis do not deserve it .. Who else deserves ?????.

[yota691]

2019/08/31 02:26:00 PM101

Parliamentary Finance: The budget 2020 will be the worst in history and this expected deficit

 

Baghdad / Al-Ghad Press:

A source in the parliamentary Finance Committee, on Saturday, that the Ministry of Finance began to write the final draft budget for 2020, indicating that this budget will be the worst in the history of Iraq.

 

 

The source told "Tomorrow Press," that "the Ministry of Finance began to write the final draft of the draft federal budget for 2020, which initially estimated revenues of 139 trillion dinars and calculating the price of crude oil at $ 53 per barrel."

He added that "the budget department in the Ministry of Finance is working to reduce the budget deficit expected to reach 72 trillion dinars," noting that "the 2020 budget will be the worst in history and represents a setback in the economic reality."

He ruled out the source, who preferred to remain anonymous, "the arrival of the final draft of the budget law within the legal ceilings set at the beginning of October next because of the father to pay Iraq's external debt of $ 127 billion."

[yota691]

Jawahiri: Iraq is on the verge of bankruptcy because of the Kurdistan oil pipeline

13:31 - 31/08/2019

 

  

Information / Baghdad

Oil expert Hamza al-Jawahri said on Saturday that the federal government recorded a budget deficit in 2020 of 100 trillion dinars due to economic policies, noting that estimates indicate that the completion of the Kurdistan oil pipeline, which transports about one million and 100 thousand barrels per day, which will force the government to reduce production from the South.

Jawahri said in a statement to the information that "estimates indicate a decline in oil prices globally, as well as the completion of the Kurdistan oil pipeline, which transports about one million and 100 thousand barrels per day, which is carried out by the police" Russian oil ", which reducesIraq's share in the southern provinces by about 400 At least 1,000 barrels a day. ”

He added that "America and other countries are pressing allies in the Gulf to reduce world oil prices after increasing abundance in markets and exit from the OPEC agreement," noting that "the American quest will end with the arrival of oil prices by about 50 dollars per barrel."

Al-Jawahiri explained that "reducing production from the southern provinces and swallowing the largest share by Kurdistan in addition to low estimates of oil prices in the budget with the registration of about 72 trillion dinars as a deficit in the 2020 budget will contribute to raising the deficit to about 100 trillion dinars, the highest and most catastrophic for the future of Iraq anddragged Towards bankruptcy

[Butifldrm]

Parliamentary Finance: Erbil and Baghdad will sign a new agreement on the 2020 budget

 01 Sep 2019 - 7:59

 

0

 

 Number Of Hits: 42

  

BAGHDAD: Sumer News revealed the parliamentary Finance Committee, on Sunday, the intention of the governments of Arbil and Baghdad to conclude a new political and economic agreement on the 2020 budget, indicating that the agreement will be completely different from previous agreements. The committee member Jamal Ahmed Sido in a press statement that "the previous three agreements between the Kurdistan region and the federal government failed and was unable to achieve financial stability for the people of Iraq." He added that "the Kurdistan Regional Government refrained from delivering oil exported to the government, which caused cuts in the salaries of employees of the region and in the event of continued payment, the pressure from the southern and central provinces will object." He explained that "the current preparation for the zeroing of the crises between Baghdad and Erbil through mutual delegations to come up with a completely different agreement from the previous obliges the region to pay oil dues as well as the federal government."

https://sumer.news/ar/news/41110/المالية-النيابية-اربيل-وبغداد-ستوقعان-اتفاقا-جديدا-بخصوص-موازنة-2020

 

[yota691]

Parliamentary Finance: Erbil and Baghdad will sign a new agreement on the 2020 budget

12:07 - 01/09/2019

 

  

Almalomh / Baghdad .. 
The parliamentary Finance Committee, on Sunday, the intention of the governments of Arbil and Baghdad to conclude a new political and economic agreement on the 2020 budget, indicating that the agreement will be completely different from the previous agreements. 
The committee member Jamal Ahmed Sido in a statement to / information / that "the previous three agreements between the Kurdistan region and the federal government failed and was unable to achieve financial stability for the people of Iraq ." 
He added that "the Kurdistan Regional Government refrained from delivering oil exported to the government, which caused cuts in the salaries of employees of the region and in the event of continued payment, the pressure from the southern and central provinces will object." 
He explained that "the current preparation for the zeroing of the crises between Baghdad and Erbil through mutual delegations to come up with a completely different agreement from the previous obliges the region to pay oil dues as well as the federal government."
Seydou pointed out that "all previous meetings between the government and the Finance Committee regarding the budget and determine its features did not talk at all about the proportion of the Kurdistan region not from near or far." Ended / 25 KD

[6ly410]

 

Parliamentary Finance announces to Al-Ahd News the application of the performance budget and projects in the ministries of education and health in 2020

By Ali 01/09/2019 12:35 PM |

http://alahadnews.net/index.php/permalink/175599.html

Ahd News - Baghdad

The Finance Committee in the House of Representatives announced that 2020 will see the work of the budget of projects and performance, while noting that two ministries will work in accordance with this budget as a test .

"There are deliberative sessions between the government and a number of committee members on the subject of converting the state budget from items to projects and performance," committee member Jamal Cougar told Al-Ahd News on Sunday. "Many countries have gone beyond the phase of balancing outdated items." It has become working balancing performance and projects, especially the neighboring countries of Iraq as more effective, and some of the countries went to other numbers more effective than the last two budgets .

"The government plan is to work on the new budget in the ministries of education and health as a test to reach circulation to all ministries in 2022," he said. "It is not possible to change a country's entire budget and circulate it to all ministries without knowing its negative and positive effects, comparing them and then generalizing or choosing." Others fit the Iraqi reality . "

He said that "we will witness during the next year and according to the budget development and progress in performance and projects, and do not need two years to circulate to the ministries in the event of success, but urgently circulated to the rest of the ministries in the following year in the event of stability of the political situation," noting that "this budget is intended It is to improve the performance of the staff and administrative staff from the lowest employee to the minister through the allocation of funds and time periods and projects, while the amounts allocated within this budget will be converted into actual projects that meet all the conditions imposed by the Ministry of Planning, so as not to keep the amounts loose, but allocate And q S project specified by the ministry .

As for the reason for choosing these ministries to apply this budget Mahjugr that "these ministries are the most service and contact in the life of the citizen, in addition to that they are not concerned with the issue of loans or international obligations or the exception in the matter of contracting, such as that occurs in the Ministry of Defense, as well as the corruption in those ministries Unlike other ministries .

He expressed "hope to apply this budget properly and specified by the Finance Committee in the House of Representatives and the government, and spending on projects that can serve citizens in the provinces and create jobs and transform ministries from consumed to productive, rather than work budgets that exhausted the Iraqi economy and wasted a lot of "The money on projects that later turned out to be illusory was a mere 40 percent ." Finished

[jg1]

19 hours ago, 6ly410 said:

 

Parliamentary Finance announces to Al-Ahd News the application of the performance budget and projects in the ministries of education and health in 2020

By Ali 01/09/2019 12:35 PM |

http://alahadnews.net/index.php/permalink/175599.html

Ahd News - Baghdad

The Finance Committee in the House of Representatives announced that 2020 will see the work of the budget of projects and performance, while noting that two ministries will work in accordance with this budget as a test .

"There are deliberative sessions between the government and a number of committee members on the subject of converting the state budget from items to projects and performance," committee member Jamal Cougar told Al-Ahd News on Sunday. "Many countries have gone beyond the phase of balancing outdated items." It has become working balancing performance and projects, especially the neighboring countries of Iraq as more effective, and some of the countries went to other numbers more effective than the last two budgets .

"The government plan is to work on the new budget in the ministries of education and health as a test to reach circulation to all ministries in 2022," he said. "It is not possible to change a country's entire budget and circulate it to all ministries without knowing its negative and positive effects, comparing them and then generalizing or choosing." Others fit the Iraqi reality . "

He said that "we will witness during the next year and according to the budget development and progress in performance and projects, and do not need two years to circulate to the ministries in the event of success, but urgently circulated to the rest of the ministries in the following year in the event of stability of the political situation," noting that "this budget is intended It is to improve the performance of the staff and administrative staff from the lowest employee to the minister through the allocation of funds and time periods and projects, while the amounts allocated within this budget will be converted into actual projects that meet all the conditions imposed by the Ministry of Planning, so as not to keep the amounts loose, but allocate And q S project specified by the ministry .

As for the reason for choosing these ministries to apply this budget Mahjugr that "these ministries are the most service and contact in the life of the citizen, in addition to that they are not concerned with the issue of loans or international obligations or the exception in the matter of contracting, such as that occurs in the Ministry of Defense, as well as the corruption in those ministries Unlike other ministries .

He expressed "hope to apply this budget properly and specified by the Finance Committee in the House of Representatives and the government, and spending on projects that can serve citizens in the provinces and create jobs and transform ministries from consumed to productive, rather than work budgets that exhausted the Iraqi economy and wasted a lot of "The money on projects that later turned out to be illusory was a mere 40 percent ." Finished

 The money on projects that later turned out to be illusory was a mere 40 percent  "Finished! 

 

Hmmm, which is it

0 % or 40%.

Last artical stated 30% started, 0% finished.

  The same thing is going to happen again unless there is repercussions for their actions. Steal money from the Iraqi people and go to prison for a long long time and loose a hand.

[fishing]

Not changing the subject but for those who are  in the path of the hurricane, be safe!

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10 hours ago, yota691 said:

Parliamentary Finance: Erbil and Baghdad will sign a new agreement on the 2020 budget

12:07 - 01/09/2019

 

  

Almalomh / Baghdad .. 
The parliamentary Finance Committee, on Sunday, the intention of the governments of Arbil and Baghdad to conclude a new political and economic agreement on the 2020 budget, indicating that the agreement will be completely different from the previous agreements. 
The committee member Jamal Ahmed Sido in a statement to / information / that "the previous three agreements between the Kurdistan region and the federal government failed and was unable to achieve financial stability for the people of Iraq ." 
He added that "the Kurdistan Regional Government refrained from delivering oil exported to the government, which caused cuts in the salaries of employees of the region and in the event of continued payment, the pressure from the southern and central provinces will object." 
He explained that "the current preparation for the zeroing of the crises between Baghdad and Erbil through mutual delegations to come up with a completely different agreement from the previous obliges the region to pay oil dues as well as the federal government."
Seydou pointed out that "all previous meetings between the government and the Finance Committee regarding the budget and determine its features did not talk at all about the proportion of the Kurdistan region not from near or far." Ended / 25 KD

Excellent news goes hand in hand with oil law

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Investment law and oil law all great news