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


yota691
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Delayed arrival of the 2020 budget to parliament

 
Baghdad / morning
 
Parliamentary Finance Committee attributed the delay in the arrival of the draft budget law to parliament to agree with Kurdistan and the demands of the demonstrators. Committee member Sherwan Mirza said in a press statement: "The government was supposed to send the budget bill to the House of Representatives on the 15th of this month, but the failure of Baghdad and Erbil to reach an agreement delayed that." He added that "the other reason for the delay in the budget is that most of the demands of the demonstrators are linked to the financial authorities, so it must be included in the draft law."
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  • yota691 changed the title to The Kurdistan Region sends its budget to the federal government
Date: 2019/10/21 11:56 • 104 times read
The Kurdistan Region sends its budget to the federal government
(Baghdad) Euphrates News} Fares Issa official representative of the Kurdistan Regional Government in the capital, Baghdad, to send the budget estimate to the Federal Ministry of Finance.
Issa said in a press statement that "the Kurdistan region sent several days before the estimated budget for 2020 to the Federal Ministry of Finance, noting that the budget included the volume of oil imports and expenses accurately."
For his part, said a member of the Finance Committee Shirwan Mirza during a press statement that "the Federal Ministry of Finance will discuss the estimated budget of the Kurdistan region and can amend it."
He added, "The Ministry of Finance will add the estimated budget of the Kurdistan region to the federal budget for 2020 and will be submitted to the Council of Ministers and then sent to the House of Representatives for approval."
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Attached Image Expressive - Archival
Kurdistan sends its “guesswork” budget to the federal government


2019-10-21

Monitor - Solution Iraq

The representative of the Kurdistan Regional Government in the capital Baghdad on Monday, sent the estimated budget of the province to the Federal Ministry of Finance # .


The official said the representative of the region # Fares_ Issa , in a televised statement: The «Kurdistan region sent several days before the estimated budget for 2020 to the Federal Ministry of Finance», pointing out that «the budget included the volume of oil imports and expenses accurately».

In the meantime, a member of the Parliamentary Finance Committee # Shirwan_ Mirza , that «the Federal Ministry of Finance will discuss the estimated budget of the Kurdistan region and have the power to modify».

He pointed out that «the Ministry of Finance will add the estimated budget of the Kurdistan region to the federal budget for 2020, and will be submitted to the Council of Ministers and then sent to the House of Representatives for approval».

It is noteworthy that, the relations between the federal government in Baghdad and the Kurdistan Regional Government have witnessed successive tensions, for reasons related to the most important files are # disputed areas and the budget and # oil .

Erbil has accused Iraqi governments since 2007 of reneging on the application of Article 140 of the Iraqi Constitution, concerning the problem of disputed areas, especially Kirkuk , which was supposed to end the applications of that article by the end of the same year.

 While # Baghdad accuses the regional government of not transparency in the file of petroleum wealth, and evading its status under the control of the central government and the right to revenue.

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Undersecretary of the Ministry of Finance, Maher Johan Hammad
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 Reconstruction and building


Economy News - Baghdad:

The Ministry of Finance, on Wednesday, that the budget law for next year, which has achieved advanced stages in its discussion, in which the ministry did not adopt a fixed price per barrel of oil so far, and by the daily export of three million and 800 thousand barrels, the share of the region of 250 thousand barrels.

The Undersecretary of the Ministry Maher Hammad Johan said in a statement reported by the official newspaper "morning" and seen by "Economy News", that "the budget for next year 2020, will be unconventional, as it relied mainly on the provision of services and the needs of citizens across the country."

Johan added that the budget under consideration will last between four and five stages to reach its final destination, pointing out that its basic idea depends on how to provide the necessary funding to meet the needs of citizens and compensation and salaries, in addition to the success of the government program.

He explained, "The law of fiscal budget for next year, has not yet adopted a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq, 250 thousand barrels per day "He pointed out that" the financial budgets, each of which has a certain specificity, and therefore the House of Representatives may put any other wording that modifies the direction of the share of the Kurdistan region of oil produced there, or any other amendment in its law. "


Views: 60   Date Added: 23/10/2019

 
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  • yota691 changed the title to Iraqi Ministry of Finance announces good news in 2020 budget
 
 
 2019/10/23 00:40:46
 

The Ministry of Finance disclosed that the budget law for next year, which has achieved advanced stages of discussion, has not adopted a fixed price per barrel of oil so far, and the daily export of three million and 800 thousand barrels, the share of the Kurdistan region of which 250 thousand barrels, confirming the keenness of all parties To adopt the next budget, provide services, compensation and salaries to citizens to contribute to improving the living and economic conditions of the country.

The semi-official newspaper quoted the Undersecretary of the Ministry Dr. Maher Hammad Johan as saying that the budget for next year 2020, will be unconventional, as it relied mainly on the provision of services and the needs of citizens across the country, stressing that it is under study and will last between four to five stages To reach its final destination, noting that the basic idea, depends on how to provide the necessary funding to meet the needs of citizens and compensation and salaries, in addition to the success of the government program of the State.

He added: that the budget law for the next year, has not yet adopted, a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq and 250 thousand barrels per day, indicating That the financial budgets, each of them a certain specificity, and therefore the House of Representatives may put any other wording that adjusts the direction of the share of the Kurdistan region of oil produced there, or any amendment

Another in its code.

On the mechanism of filling the deficit in the current budget 2019, Johan disclosed that part of it was addressed through loans in the original budget, the other part was through the cash already available in the Ministry of Finance, while part of the deficit will remain until the end of this year, will be on Account for reducing expenditures on everyone, noting that the fiscal deficit for next year's budget is unclear

Landmarks yet.

He promised government banks in the country, one of the tools of the state to solve any financial forms, whether to pay the deficit or even revitalize the economic movement in the country, but its potential remains limited by the amount of funds available to them, pointing out that the state has used a large part of it during the past years, indicating Given the situation in the country, any amount that banks are offering to the state transparently will be part of the country's ongoing economic reform and growth.

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  • yota691 changed the title to Finance: next year's budget focuses on improving the standard of living of the citizen

Finance: next year's budget focuses on improving the standard of living of the citizen

 
Baghdad / Tariq Araji            
 
The Ministry of Finance announced that the budget law for next year, which has achieved advanced stages in its discussion, in which the ministry did not adopt a fixed price of a barrel of oil so far, and by the daily export of three million and 800 thousand barrels, the share of the region of 250 thousand barrels, confirming the keenness of all parties that The next budget includes providing services, compensation and salaries to citizens to contribute to improving the living and economic conditions of the country. Undersecretary of the Ministry Dr. Maher Hammad Johan told Al-Sabah that the financial budget for next year 2020 will be unconventional, as it relied mainly on providing services and the needs of citizens throughout the country, stressing that it is under study and will last between four to five Phases to reach the final destination, noting that the basic idea, depends on how to provide the necessary funding to meet the needs of citizens and compensation and salaries, in addition to the success of the government program of the State.   
 
 
 
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Release date:: 2019/10/23 8:18  624 times read
Ministry of Finance reveals important information on the 2020 budget
The Ministry of Finance announced that the budget law for next year, which has achieved advanced stages in its discussion, the ministry did not adopt a fixed price of a barrel of oil so far, and by the daily export of three million and 800 thousand barrels, the share of the Kurdistan region of 250 thousand barrels .
Undersecretary of the Ministry Dr. Maher Hammad Johan said in a press statement that "the budget for the next year 2020, will be unconventional, depending mainly on the provision of services and the needs of citizens throughout the country, stressing that it is under study and will continue between four to five stages to reach it Its basic idea depends on how to provide the necessary financing to meet the citizens' needs, compensation and salaries, in addition to the success of the government program. ”
He added that "the fiscal budget law for the next year, has not yet adopted a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq, amounting to 250 thousand barrels per day, Indicating that the financial budgets, each of them a certain specificity, and therefore the House of Representatives may put any other wording that modifies the direction of the share of the Kurdistan region of oil produced there, or any other amendment in its law.
On the mechanism of closing the deficit in the current budget 2019, Johan disclosed that part of it was addressed through loans in the original budget, the other part was through cash already available in the Ministry of Finance, while part of the deficit will remain until the end of this year. The calculation of the reduction of expenditure on all, noting that the fiscal deficit for the budget for next year is not clear yet. "
The promise of "state banks in the country, one of the tools of the state in order to solve any financial forms, whether to pay the deficit or even stimulate the economic movement in the country, but it remains its potential is limited by the amount of funds available to them, pointing out that the state has used a large part of the past years, He pointed out that in light of the situation in the country, any amount offered by banks to the state transparently, will be part of the economic reform and growth in the country.
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Economist: Reducing salaries of special grades is not equal to 3 per thousand of the budget

09:20 - 24/10/2019
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Information / special ..

The economic expert, Qusai Safwan, Thursday, that the reduction of salaries of presidencies and special grades and directors to 10 million with allocations will not equal only 3 thousand of the budget, pointing out that the solution to the problem of unemployment is not through this reduction, but through a number of measures, including the conversion of some departments To the system of self-financing and activation of social security for the private sector.

Safwan said in a statement to the information, that "the amount of amounts received by the three presidencies and special grades do not constitute only 0.003 percent of the budget revenues, so the process of reducing salaries by a government decision and despite the importance of this, but does not constitute anything."

He added that "reducing salaries will be a moral motivation for the citizen, in addition to reducing the proportion of the unemployed and find jobs for them in various fields."

He explained that "the step of the government towards reducing salaries of special grades and presidencies should be followed by a package of reductions and procedures related to the integration of some ministries and departments, and can benefit from the state departments in making them productive rather than being consumed, and thus converted to the system of self-financing."

"Reducing the unemployment rate and graduating students can be done through activating the social security law in the private sector. Therefore, all graduates and unemployed will go to this sector instead of seeking employment in order to guarantee retirement in the end." Finished 25 N

https://www.almaalomah.com/2019/10/24/434152/

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Oil: We expect "action" from the government on the delivery of the Kurdistan region 250 thousand barrels per day

 

 2019/10/23 23:56:41

 

The Ministry of Oil intends to reconsider some paragraphs of the contracts of the first three rounds of licenses, and while confirming that its production of oil is currently four million and 400 thousand barrels, from which three million and 400 thousand from the southern fields, announced that the region did not deliver the federal government quantities of oil agreed According to the budget of 250 thousand barrels per day despite the continuation of talks in this regard.

Fayyad Nehmeh, senior undersecretary at the ministry, said in a statement to the semi-official Al-Sabah newspaper on Thursday that his ministry had announced five rounds of licenses in the past few years. Their contracts have been changed earlier and the ministry has come a long way, but as a result of low oil prices and instability and the rise of ISIS terrorist gangs in some cities, negotiations have been prevented.

He added, that his ministry intends during the next year, to review some paragraphs of contracts licensing rounds and in the interest of Iraq, and to be more satisfied with international companies to rush in the process of making rewarding investments to develop the oil and gas sectors in Iraq, noting that it is scheduled to be reviewed paragraphs Contracts for the first, second and third licensing rounds.

He added that the amendments were described as very good on the fourth and fifth rounds by the Department of Contracts and Licenses by virtue of experience and the past period, as it was benefited from mistakes and experiments, and many amendments have been made to them. 

He said that Iraq's current production of crude oil, amounting to four million and 400 thousand barrels per day, from which it exports nearly three million and 400 thousand barrels per day from the southern fields, indicating that the federal government has not yet received from the Kurdistan region of Iraq, the quantities of oil agreed upon According to the 2019 budget of 250 thousand barrels per day despite the presence of visits and mutual delegations between Baghdad and Erbil, but so far nothing has been issued regarding the agreement on the delivery or receipt of Kurdistan's oil.

The Undersecretary of the Ministry of Oil stressed that everything that is currently going on in Kurdistan, does not comply with the general budget law for 2019, and that his ministry is waiting for the government to do so, which opened talks with the government of Erbil, and expressed the hope to reach a result.

He disclosed that his ministry is implementing projects to be financed by the companies to be fulfilled through the production achieved by the project, pointing to continue this trend, indicating that among the projects that have been contracted in this way is the project Nasiriyah gas capacity of 200 million standard cubic feet Daily, and the development of the field of Nasiriyah capacity of 100 thousand barrels per day, especially since the current production volume of up to 100 thousand barrels per day.

https://www.shafaaq.com/ar/اقتصـاد/النفط-ننتظر-اجراء-من-الحكومة-بشأن-تسليم-اقليم-كوردستان-250-الف-برميل-يوميا/

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Finance: next year's budget will be unconventional

 

  10753.jpg


Economy News - Baghdad:

The Ministry of Finance, on Wednesday, that the budget law for next year, which has achieved advanced stages in its discussion, in which the ministry did not adopt a fixed price per barrel of oil so far, and by the daily export of three million and 800 thousand barrels, the share of the region of 250 thousand barrels.

The Undersecretary of the Ministry Maher Hammad Johan said in a statement reported by the official newspaper "morning" and seen by "Economy News", that "the budget for next year 2020, will be unconventional, as it relied mainly on the provision of services and the needs of citizens across the country."

Johan added that the budget under consideration will last between four and five stages to reach its final destination.

He explained, "The law of fiscal budget for next year, has not yet adopted a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq, 250 thousand barrels per day "He pointed out that" the financial budgets, each of which has a certain specificity, and therefore the House of Representatives may put any other wording that modifies the direction of the share of the Kurdistan region of oil produced there, or any other amendment in its law. "

Views: 215   Date Added: 23/10/2019

 

http://economy-news.net/content.php?id=18099

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Parliamentary Legal: The draft budget cannot be completed before December

13:45 - 26/10/2019
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%D8%B1%D9%88%D8%A7%D8%AA%D8%A88-696x435.

Information / Baghdad ..

Ruled out the parliamentary legal committee, on Saturday, the government sent a draft budget law 2020 on schedule, noting that the budget will not be completed before the month of December to include the demands of demonstrations and the Kurdistan Regional Agreement.

Committee member Salim Hamza said in a statement to the information that "the government will not be able at the moment to send the draft budget law 2020 to parliament because of its preoccupation in meeting the demands of the demonstrators."

He added that "the budget law needs to formulate a new understanding with the Kurdistan region and this did not happen because of the rental of delegations between Baghdad and Erbil to resolve the situation and understanding on the formula in the 2020 budget."

Hamza pointed out that "the budget will not be sent to parliament without the inclusion of all reform packages for the demonstrators, which requires more time to reach in December to the parliament at best."

https://www.almaalomah.com/2019/10/26/434507/

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Parliamentary Finance: Salary grades currently announced will be allocated within the 2020 budget

08:49 - 28/10/2019
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Information / special ..

The parliamentary Finance Committee, on Monday, that the salaries of the grades launched in the current days will be allocated within the 2020 budget, indicating that the 2019 budget did not include any functional grades.

A member of the Committee Siham al-Aqili in a statement to / information /, "Parliament is still waiting for the arrival of the budget from the government in order to make amendments and then vote on its paragraphs."

She added that "the government will be able to cover the salaries of grades launched by various ministries through the amounts obtained by the government to increase expenditures in the ministries of defense, interior and electricity, where the transfer of nearly 5 trillion to Buffy provinces and cover the salaries of grades launched recently."

She pointed out that `` the government absorbed the job grades launched, but did not allocate money to it in the budget of 2019, where the budget did not include this year any functional grades, while the salaries of these grades will be allocated within the budget of 2020. '' Finished 25 N

https://www.almaalomah.com/2019/10/28/434857/

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ERBIL, BAGHDAD MUST AGREE ON THE 2020 BUDGET BY YEAR’S END: BASHIR HADDAD

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Deputy Speaker of the Council of Representatives Bashir Haddad (NRT Digital Media)

12 Hours ago 

http://www.nrttv.com/En/News.aspx?id=16285&MapID=2

 

SULAIMANI — Deputy Speaker of the Council of Representatives Bashir Haddad said on Sunday (October 27) that Erbil and Baghdad must agree on the 2020 budget before the end of this year.

During an interview with NRT Digital Media, Haddad said that “even if Erbil and Baghdad do not agree right now, there will be other deals. Even if Abdul Mahdi resigns, Iraq needs the [MPs of the] Kurdistan Region to form a new government, so there is still hope.”

Earlier this summer, Erbil and Baghdad appeared headed toward tense budget negotiations, with the mood colored by the Kurdistan Regional Government’s (KRG) refusal to abide by the terms of the 2019 federal budget law. Under that deal, the KRG agreed to send 250,000 barrels of crude oil per day to Baghdad for export, but has so far failed to do so.

However, the rise of the Iraqi protest movement has complicated those negotiations with the federal government reeling and trying to find ways of placating protesters, whose demands include fighting corruption and providing more job opportunities and better public services. 

The protests have also derailed normal parliamentary work in Baghdad. The Council of Representatives failed to achieve quorum on Saturday, when only 93 lawmakers turned up for a session.

Concerning the demonstrations, Haddad said that “there are attempts by the politicians to implement reform, for Abdul Mahdi to be able to fulfill the demonstrator’s demands, so the demonstrators should give the government time.”

Haddad added that the leadership of the federal parliament does not support the fall of Abdul Mahdi’s government.

A week of demonstrations took place at the beginning of October and began again on Friday. 

At least 69 Iraqis were killed on Friday and Saturday and hundreds wounded as demonstrators clashed with security forces and militia groups in a second wave of this month’s protests against Prime Minister Adil Abdul Mahdi’s government. About 226 people have been killed in October, according to Reuters.

(NRT Digital Media)

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2019/10/30 22:31

Parliamentary Finance: The dismissal of Abdul Mahdi will not affect the passage of the 2020 budget

http://almasalah.com/ar/news/181357/المالية-النيابية-إقالة-عبد-المهدي-لن-تؤثر-على-تمرير-موازنة-2020

Baghdad / Obelisk: The parliamentary Finance Committee, on Wednesday, that the dismissal or resignation of Prime Minister Adel Abdul Mahdi will not affect the passage of the draft federal budget law for 2020.

Committee member Hanin Qaddo told Al-Masala that the dismissal or resignation of Abdul-Mahdi will not affect the passage of the federal budget law for 2020, pointing out that the passage of the budget is affected only in the dissolution of the House of Representatives and the transfer of the government to conduct daily business.

He added that "the Council of Ministers did not send the draft federal budget for 2020 to the House of Representatives so far," noting that "the delay sent the law occurred because of government reforms and grants launched to the demonstrators that those decisions need to be included in the budget to provide financial cover."

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Legal expert: There is no constitutional provision that prevents the caretaker government from preparing the budget law

Political | 10:23 - 01/11/2019

 
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Baghdad - Mawazine News
Legal expert Tariq Harb, on Friday, that there is no constitutional provision prevents the caretaker government from preparing a draft budget law.
Harb said in an interview with Mawazine News that "some statements have been said that the caretaker government is unable to prepare the draft budget law, which we recall that the Constitution obliged the government, the Council of Ministers to prepare the draft law, whether the government is a full-fledged government or caretaker government. By a vote of no confidence by Parliament or when it resigns or the Prime Minister resigns. "
He added, "Articles 57 and 62 of the Constitution and the annual budget obliged the government to prepare the draft budget law and send it to parliament and there is no in them and in other provisions of the Constitution of the House of Representatives and the Council of Ministers, even if implicitly to what some say that the caretaker government can not The preparation of the budget law has been confirmed whether the government is fully empowered or the conduct of business in the Financial Management Law No. 6 of 2019, which was published in the Official Gazette of all the above we conclude the invalidity of the claim that the caretaker government can not prepare draft law Wen 's budget and it is true that its duty, whether full powers or the conduct of business. "
It is noteworthy that Prime Minister Adel Abdul Mahdi, in his letter to the leader of the Sadrist movement Muqtada al-Sadr that his resignation and the transformation of his government to the caretaker business will hinder the preparation of the budget next year.

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Budgets and financial control

Monday 04 November 2019 64

Budgets and financial control

 
Thamer Alhims 
 
Quantitative accumulation leads to a different new quality, so logic says, the accumulation of knowledge does not vary in place, but extends continuously with his world and his environment is closed days ago and so the rest of the accumulations that result from life, positively or negatively. But leaving things on their own is usually derailed due to the loss of the declared objective that traditional or added safeguards do not protect.
For example, the SAI did not keep pace with the budgets, which led to the loss of the principle of measuring things with their results. Administrative surplus.
Financial control points to large irregularities, for example, it found that the investment budget is lost between the operational budget projects as a gateway within the powers not authorized to order transfer, which may open the door to corruption through lag, and thus violated the investment budget for administrative reasons.
Financial control is effective despite its respectful cadre and its relationship with a service board that will put the right man in his right place and cross to the West Bank and put solutions and open the impasse reached by the quota, and thus we are forced to make understandings (Christa and work) with China and the US Import and Export Bank, All this because we can not bet on our executive to come down as a partner with the investors, while we have the resources envied by friends before the enemies if we rely on ourselves to move to activate our hoarding and convert it to savings instead of international conditions for borrowing. Ktens by oil revenues represent 77 percent of the cash Ktltna, here should be the role of the private banks come to benefit from this block and employ them to serve the national economy and make it the perfect capital cycle achieve the highest benefit for our national economy grades, and trends interest in poultry production provided 600 thousand jobs.
At the same time, the Governor of the Central Bank said on 18/9/2019 that the size of the foreign currency reserves exceeds the standards International.
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Information / special ..

The parliamentary Finance Committee, Wednesday, that the classic budget being (Kobe-Best) of the budgets that preceded, pointing out that the 2020 budget needs a number of adjustments commensurate with the current situation in Iraq .

Committee member Hanin al-Qadu said in a statement to the information, that "all budgets approved in the past periods were classic budgets (Kobe-Best) from the previous and did not change the items."

"The government is required to complete the budget and send it to parliament as soon as possible so that amendments can be made and vote before the end of this year."

He explained that "the 2020 budget needs a number of adjustments and must emerge from the classic classical to suit the needs of the citizen and the country, and include other revenues and production projects that maximize its resources and commensurate with the current stage." Finished 25 N

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  • yota691 changed the title to Abdul Mahdi holds an expanded meeting to discuss the 2020 budget
Source:
 
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Prime Minister Adel Abdul Mahdi held a meeting on Wednesday to discuss the 2020 budget.

"Prime Minister Adel Abdul Mahdi chaired today an expanded meeting to discuss the 2020 budget, during which he discussed adding financial commitments required to fulfill the promises made to the demonstrators," state television said .

He added that " Abdul-Mahdi discussed increasing revenues in the budget of 2020 and reducing the deficit and start the process of gradual shift towards the balance of programs and performance."
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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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