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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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The Parliamentary Finance Committee in the House of Representatives announced that the increase in the financial allocation of state employees ’salaries in the budget for next year increased to 14 trillion dinars.

And the official Al-Sabah newspaper quoted the committee's reporter, Ahmed Suleiman Al-Saffar, as saying that "salaries reached 38 trillion dinars last year, while in 2020, they will exceed 52 trillion dinars, while Iraq will proceed with a 12/12 budget until the new budget is approved."
 
 
He added that "the legislator often looks for the worst in preparing the budget and determining the deficit in it, since everything mentioned in the number related to the deficit is reduced, as the difference in the price of selling oil will be taken advantage of by preparing a supplementary budget."
 
He explained that "the amount of oil specified for export in the budget amounted to 3 million and 800 thousand barrels, while the exported oil is more than this amount, which will provide large sums to Iraq that will be used to reduce the deficit rate, in addition to establishing a supplementary budget as well."
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(Independent) ... revealed the Parliamentary Finance Committee in the House of Representatives, that the increase in the financial allocation of the salaries of state employees in the budget for next year increased to 14 trillion dinars.
The official newspaper Al-Sabah quoted Ahmad Suleiman Al-Saffar, the committee’s rapporteur, as saying that “salaries reached 38 trillion dinars last year, while in 2020, they will exceed 52 trillion dinars, while Iraq will proceed with a 12/12 budget until the new budget is approved.”

 

Al-Saffar added that "the legislator often looks for the worst in preparing the budget and determining the deficit in it, as whatever is mentioned in the number related to the deficit is a reduced number, as the difference in the price of selling oil will be taken advantage of by preparing a supplementary budget."

He explained that "the amount of oil specified for export in the budget amounted to 3 million and 800 thousand barrels, while the oil exported more than this amount will provide large sums to Iraq that will be used to reduce the deficit rate, in addition to creating a supplementary budget as well."

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  • 2 weeks later...

Reducing the fiscal deficit in the 2020 budget

 
Baghdad / Al-Sabah
The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, revealed that a committee affiliated with the Ministry of Finance is currently working on reconsidering estimating the expenses and revenues of the draft general budget law for the fiscal year 2020.
Saleh said, in a statement to {conscious »: The“ Reconsideration Committee to estimate expenditures and examine the revenues of the Ministry of Finance, working to reach the lowest financial deficit for the budget of 2020, is close to the data of the Financial Management Law, which requires the availability of a cover that can fulfill the financial reinforcements. ”
He added that «it is difficult to come up with an engineering that ends the deficit in rentier public finance, but it is necessary to reach financial estimates that provide sustainability, that is, the ability to face any instances of hardship in exchange caused by sudden requirements during the fiscal year».
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Editing Date: 01/11/2020 14:34 • 49 times read
A parliamentarian reveals the reasons for the high salary allocations in the general budget and the delay in sending them
[Baghdad-Ain]
Deputy Muhammad Shiaa Al-Sudani revealed, on Saturday, the reasons for the high percentage of amounts allocated for salaries in the general budget, and the return of abrogated associates to their contracts, indicating that political conditions and the government's resignation caused a delay in sending a budget in 2020.
Al-Sudani said in a statement to government media, today (January 11, 2020), "The recent decisions to return the abrogated contracts from the army, the police and the popular crowd and appoint graduates contributed to the high percentage of the amount allocated to salaries to 14 trillion dinars."

He pointed out that "the rate of exchange in the budget did not exceed 70% due to the delay in approving the projects as a result of the demonstrations that occurred in Baghdad and the provinces, which stopped many projects and caused permanent disruption in some state institutions", expressing his hope that the investment budget contributes to providing services to citizens and creates job opportunities It reduces unemployment. "

He explained that" the price of oil was set in the budget at $ 56 a barrel, "warning" of the impact of tensions in the region, especially the escalation between the United States of America and Iran on global oil prices. "

The Sudanese added that "the general budget for the year 2020 was delayed to be sent to Parliament due to political circumstances and the resignation of the government, as well as recent financial developments and economic challenges, although the government at its last session approved the budget and referred it to the governmental committee," noting that "the House of Representatives is awaiting the formation of the new government" To review the budget and send it to it, and that, according to the usual contexts, spending remains at (1/12) until the general budget is approved.

And on the oil agreement between Baghdad and Erbil, Al-Sudani indicated that "there is an agreement between the federal government and the Kurdistan Regional Government and is supposed to be included in the budget to be discussed in the House of Representatives," pointing out that "Parliament has many reservations about the lack of Kurdistan's commitment to agreements concluded previously."
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Salary amounts rise in the 2020 budget

Saturday January 11, 2020 105

Salary amounts rise in the 2020 budget

 
Baghdad / Al-Sabah 
 
 
Member of Parliament Muhammad Shi'a Al-Sudani revealed the reasons for the increase in the percentage of amounts allocated for salaries in the general budget to 14 trillion dinars.
The Sudanese, in a statement to "conscious", said that "the recent decisions to return the abrogated contracts of the army, the police and the popular crowd and appoint graduates contributed to the high percentage of the amounts allocated to salaries to 14 trillion dinars."
He added, "The exchange rate in the budget did not exceed 70 percent due to the delay in the approval of projects as a result of the demonstrations that occurred in Baghdad and the provinces, which stopped many projects and caused permanent disruption in some state institutions," expressing his hope that "the investment budget contributes to providing services to citizens And create jobs that reduce unemployment. ”
The Sudanese said, "The price of oil was set in the budget at $ 56 a barrel," warning "of the impact of tensions in the region, especially the escalation between the United States of America and Iran on world oil prices." 
He pointed out that "the general budget for the year 2020 was delayed to be sent to Parliament due to political conditions and the resignation of the government, as well as recent financial developments and economic challenges, although the government at its last session approved the budget and referred it to the governmental committee," noting that "the parliament is waiting to form a government New to review the budget and send it to him, and that, according to the usual contexts, spending remains at a rate of 1 to 12 until the general budget is approved. 
The Sudanese added, "There is an agreement between the federal government and the region and it is supposed to be included in the budget to be discussed in the House of Representatives." 
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The Finance of Parliament reveals to "Al-Ahed News" about moves to send the draft budget to the House of Representatives

By Ali 12/01/2020 10:02 AM

The Finance of Parliament reveals to "Al-Ahed News" about moves to send the draft budget to the House of Representatives

 

 

https://alahadnews.net/index.php/permalink/197528.html

 

Al-Ahed News - Baghdad

Member of the Parliamentary Finance Committee,   Thamer Theban, revealed parliamentary moves towards the government to find a legal basis for sending the federal budget bill to the House of Representatives.

Theban told "Al-Ahed News" today, Sunday, that these moves come because there is an urgent need for all ministries and governorates to complete projects and infrastructure in them, "noting that" the Federal Financial Administration Law voted by the House of Representatives yesterday is one of the important laws to complete the necessary projects. "

He pointed out that "the amendment of the law came because of the delay in approving the sending of the draft general budget bill to the House of Representatives," pointing to the existence of "parliamentary moves to pressure the government to find a legal loophole to send the state budget

 

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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

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

Economy | 04:26 - 12/01/2020

 
image
 
 

 

 Baghdad - Mawazine News
revealed a member of the Parliamentary Finance Committee Hanin Qaddu, today, Sunday, that this year's budget will include the payment of the last payment of debts owed by the Iraqi government to Kuwait, amounting to $ 2 billion.
Qaddo said in a radio statement that was followed by / Mawazine News, that "the total amounts of the Iraqi budget for the year 2020 amount to fifty trillion Iraqi dinars, which are distributed between the salaries of the ruling expenditures such as the ration card and the wages of other cases."
He explained, "The total debt owed by Iraq amounts to $ 28 billion, indicating that Iraq seeks to delay the payment of its debts to the Gulf countries or go to the Paris Club to reduce them to 40%." End / 29 s

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2 hours ago, ChuckFinley said:

Trump has put massive pressure on Iraq. Things are going to have to start moving along here or it will really get ugly for them.  

Agree CF.  I don’t think Iraq can handle US banking sanctions Trump has proposed.  Thanks.

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Budget 2020 .. The House of Representatives refuses to receive it pending the formation of a new government

Political | 08:40 - 12/01/2020

 
image
 
 

 

Private- Mawazine News
, a representative source said, on Sunday, that the House of Representatives refuses to receive a copy of the draft budget law this year.
The source said in an interview with "Mawazine News" that "the presidency of the House of Representatives stipulated approval of the budget only in one case, which is its transmission by the new government."
He added, "The approval of the budget will be after the formation of the government, and now it will be spent on 1/12 only." Ended 29 / h

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Parliamentary Finance: The decision to recover unpaid funds will reduce the budget deficit

13:33 - 13/01/2020
0
 
  
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The information / Baghdad ..

The Parliamentary Finance Committee promised, on Monday, the House of Representatives decision to retrieve the funds that were not disbursed to previous budgets by the governorates and ministries and mix them with the current budget and deposit them as trusts will reduce the budget deficit, stressing that these funds will not include the percentage granted to the region within the budget for the current year.

Member of the Committee, Representative Thamer Diban, said in a statement to "Information", that "the decision of the House of Representatives to retrieve all the funds allocated to the governorates and ministries that have not been disbursed to the budgets of previous years and mix them with the current budget have a significant impact on reducing the deficit rate in the current budget."

Theban added, "Recovering funds from governorates and ministries does not mean that they will go to other ministries or provinces, but rather will be paid to the same entity as part of the current budget to be a motivation for local governments and ministries to spend on projects and doors that have been disbursed."

Theban said that "these funds will be in the form of trusts so that they are not counted among the funds of the public budget until the region is not required to deduct them from their percentage for the current year." Ended in / 25 pm

https://www.almaalomah.com/2020/01/13/449358/

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Member of Parliamentary Finance: The absence of a new government means that there is no budget

Policy

2020-01-13 | 09:27
Member of Parliamentary Finance: The absence of a new government means that there is no budget
 
 

Member of Parliamentary Finance Committee Ahmed Al-Saffar confirmed, on Monday, that there is no legal way out to proceed with the budget without the presence of a new government, therefore the 2020 budget legislation is subject to the formation of the government, pointing out that in the absence of a government there is no budget.

Al-Saffar said in an interview with Alsumaria News, "The Iraqi state will work according to the Financial Management Law with a temporary budget in which 1/12 of the general budget for the year 2019 will be spent every month to provide salaries and daily spending wages," noting that "the amendment to one of the articles of the Financial Management Law includes Rotate the amounts allocated to investment projects to ensure that they are not stopped.
 
Al-Saffar added, "There is no legal way out to proceed with the new budget without the presence of a new government, therefore the general budget legislation for 2020 is subject to the formation of a new government that takes it upon itself to send the budget to parliament to vote on it," stressing that "the budget represents the government's policy in terms of numbers and in any case There is no government, there is no budget. "
 
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Parliament: Iraq will pay the last payment of Kuwait's debts this year

By Ali 13/01/2020 01:32 AM | Views: 1269
Parliament: Iraq will pay the last payment of Kuwait's debts this year

https://alahadnews.net/index.php/permalink/197699.html

Al-Ahed News - Baghdad

The Parliamentary Finance Committee revealed, yesterday, Sunday, that "2020 will witness the payment of the last payment of Kuwait's debts to Iraq."

Member of the Finance Committee Haneen Al-Qaddou said in a statement to a local agency, which was read to him by Al-Ahd News, that he "has many debts that may move to postpone the payment of some of them to the coming years or to reduce them by talking with the creditor countries ."

He added that "among the debts incurred by Iraq are Kuwait's debts," noting that "the debts of Kuwait, of which two billion dollars remain, with Iraq owed, will be paid in full during 2020, and the file of Kuwait's debts involves ."

He explained that "Kuwait's debts will include the 2020 budget to pay it after the budget is approved and fully completed," noting that "there are efforts to authorize the government to send the 2020 budget for the purpose of discussing it and then voting on it."

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1 hour ago, 6ly410 said:

He added that "among the debts incurred by Iraq are Kuwait's debts," noting that "the debts of Kuwait, of which two billion dollars remain, with Iraq owed, will be paid in full during 2020, and the file of Kuwait's debts involves ."

 

Interesting........................................................................

 

HOW, pray tell, WILL THEE Bicraqi Iraqi PAY THEE KoolAidies two (2) BILLION USD WITH A NONINTERNATIONAL Bicraqi Iraqi Dinar???!!!

 

Go Moola Nova!

:pirateship:

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5 hours ago, 6ly410 said:

Member of Parliamentary Finance: The absence of a new government means that there is no budget

Policy

2020-01-13 | 09:27
Member of Parliamentary Finance: The absence of a new government means that there is no budget
 
 

Member of Parliamentary Finance Committee Ahmed Al-Saffar confirmed, on Monday, that there is no legal way out to proceed with the budget without the presence of a new government, therefore the 2020 budget legislation is subject to the formation of the government, pointing out that in the absence of a government there is no budget.

Al-Saffar said in an interview with Alsumaria News, "The Iraqi state will work according to the Financial Management Law with a temporary budget in which 1/12 of the general budget for the year 2019 will be spent every month to provide salaries and daily spending wages," noting that "the amendment to one of the articles of the Financial Management Law includes Rotate the amounts allocated to investment projects to ensure that they are not stopped.
 
Al-Saffar added, "There is no legal way out to proceed with the new budget without the presence of a new government, therefore the general budget legislation for 2020 is subject to the formation of a new government that takes it upon itself to send the budget to parliament to vote on it," stressing that "the budget represents the government's policy in terms of numbers and in any case There is no government, there is no budget. "
 

 

This is where my outlook becomes foggy. I assume that any Iran-backed PM (Mahdi, al Sudani, etc) and MP's would have an interest in further delaying the budget and monetary reforms since that would end Iranian embezzlement. Concurrently, the Kurds have an interest in supporting monetary reforms because of the post-RI payout from Baghdad. Is there anything I'm missing here?

 

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14 minutes ago, Kenny_Logins said:

 

This is where my outlook becomes foggy. I assume that any Iran-backed PM (Mahdi, al Sudani, etc) and MP's would have an interest in further delaying the budget and monetary reforms since that would end Iranian embezzlement. Concurrently, the Kurds have an interest in supporting monetary reforms because of the post-RI payout from Baghdad. Is there anything I'm missing here?

 

 

Might be....but I reckon you’re spot on. It’s a classic case of a FUBAR Circle Jerk all wrapped up with a lovely Red Ribbon 🎀 SNAFU. 

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Development Fund for Iraq   held by the US?  The Strategic  Framework Agreement is all about getting Iraq back on it's feet . Maybe we felt guilty about invading the wrong country . These funds would not be released until Iraq qualifies as a sovereign nation . It's funny how the US  and Iraq are looking for funds from eachother

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4 hours ago, horsesoldier said:

 

Might be....but I reckon you’re spot on. It’s a classic case of a FUBAR Circle Jerk all wrapped up with a lovely Red Ribbon 🎀 SNAFU. 

 

Ok, so I"m not the only one. So it makes little sense -- based on Mahdi's public statements -- that the Kurds support Mahdi for PM. The only reason I can think of is that Mahdi made assurances to the Kurds that he'd support the 2020 budget and the monetary reforms. It's not beyond possibility that Mahdi is playing both sides and knows the Iranian regime has an expiration date, so he's paying them lip service while supporting reforms that will fatally wound them.

Edited by Kenny_Logins
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21 minutes ago, Kenny_Logins said:

 

Ok, so I"m not the only one. So it makes little sense -- based on Mahdi's public statements -- that the Kurds support system" rel="">support Mahdi for PM. The only reason I can think of is that Mahdi made assurances to the Kurds that he'd support system" rel="">support the 2020 budget and the monetary reforms. It's not beyond possibility that Mahdi is playing both sides and knows the Iranian regime has an expiration date, so he's paying them lip service while supporting reforms that will fatally wound them.

 

Yep, Agreed KL . . . kinda sorta has that appearance huh . . .this whole mess is layered lie an Onion . . . the BIGGEST GOSH DAMN ONION EVER ! ! !  

 

Ain't this boogie a mess ? This thing ( at times ) appears so unsolvable & intractable with these nit wits, it makes the Gordian Knot look simple. Situations shift faster than the desert sands.

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