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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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Excluding budget approval this month and staff salaries for 2020 will be paid in this way

 

Excluding budget approval this month and staff salaries for 2020 will be paid in this way

 

2019-12-13 
A political source confirmed that the budget will not be passed this month because of differences on some of its items, while noting that the salaries of employees for 2020 will be paid in this way.

The source said that "there are disputes about several items in the budget, as well as additions and amendments, cut costs and other cancellations due to recent reform packages and the retirement law completed weeks ago and also the addition of tens of thousands of job grades," noting that "passing it this month will be impossible."
 
He added that "the alternative option is to balance the emergency by borrowing from the central bank to pay the salaries of employees and other important aspects in the country."
 
With the Finance Committee of the Iraqi parliament suggested that "entering Iraq in 2020 with a temporary budget, due to the delay in its transmission by the current caretaker government due to the presence of two legal and technical problems."
 
Committee member Ahmed Al-Saffar said, "The budget was scheduled to be sent to parliament last week, but we were surprised by the prime minister's apology for sending it because his government turned into a caretaker."
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The Spokesman acknowledges the problem of keeping the budget project with the government

 
Baghdad / Al-Sabah 
Dr. Saad Al-Hadithi, a spokesman for the Prime Minister’s Information Office, acknowledged that there is a problem that must be resolved in keeping the state’s draft general budget for 2020, calling for finding a legal way out to send it to Parliament.
Al-Hadithi told Al-Sabah: “The government was keen to complete the budget project and deliver it urgently to Parliament,” noting that “the delay in it occurred when adding the necessary financial allocations to implement the decisions issued by the cabinet in response to the demands of the demonstrators.”
He added that "the Council of Ministers had issued decisions in this regard that required financial allocation, and the delay process occurred as a result of adding these financial allocations completely to implement all these decisions." It is solved (does the current government send the draft budget without a legal obstacle?), While if it is left to the next government, whose formation may be delayed, it could affect government spending paths during the coming period. 
Al-Hadithi added that "the tasks of the current caretaker government are continuous and continuous, which they perform according to what is required by the duty defined by the constitution, with the exception of two powers that can no longer be exercised, which is the power to enact bills, conclude external agreements and treaties, while its powers are related to other issues as a government to discharge daily tasks." It is continuous and takes place regularly, and it is part of the constitutional obligations that it cannot abandon, because as a result there are issues related to the functioning of the administrative, financial, economic, and service aspects of the citizen.
A spokesman for the media office of the Prime Minister indicated that "the current government continues its work until a new government is formed, which, when it grants confidence and votes to its members and its program, becomes constitutional with absolute powers and carries out its actions on this basis."
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by Ali EjamEconomy23 Hours ago

Baghdad:

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

WhatsApp-Image-2019-11-19-at-1.47.59-PM.
Committee member Ahmed Al-Saffar said in a press statement: It was hoped that the budget would be sent to Parliament last Thursday, but we were surprised that the Prime Minister apologized for sending it because there was no authority to send any draft law to Parliament, including the budget, because his government is now a caretaker government.

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

And Al-Saffar said that: Iraq will have to adopt (a temporary budget) that is paid monthly for salaries, and the operational budget only, and the investment budget, contracts and job grades are excluded from voting until the 2020 budget ./

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13 hours ago, yota691 said:
by Ali EjamEconomy23 Hours ago

Baghdad:

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

WhatsApp-Image-2019-11-19-at-1.47.59-PM.
Committee member Ahmed Al-Saffar said in a press statement: It was hoped that the budget would be sent to Parliament last Thursday, but we were surprised that the Prime Minister apologized for sending it because there was no authority to send any draft law to Parliament, including the budget, because his government is now a caretaker government.

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

And Al-Saffar said that: Iraq will have to adopt (a temporary budget) that is paid monthly for salaries, and the operational budget only, and the investment budget, contracts and job grades are excluded from voting until the 2020 budget ./


Doesn’t a rate increase have to be voted on and approved by parliament, AFTER the Prime Ministers cabinet approves it?
Without a government, there’s no budget approval, IMO, there’s no increase coming in January. We have a possible wait.......July at the earliest.....maybe. 

Thanks Yota. 

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The Finance Committee: The budget will be left to the next government

Political | 03:40 - 14/12/2019

 
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Baghdad - Mawazine News
The Finance Committee confirmed, on Saturday, a budget law next year will be left to the next government expected to be formed within weeks.
Committee member Sherwan Mirza said: "I imagine that the Adel Abdul Mahdi government will not send the federal budget bill for the year 2020 to the House of Representatives."
He added, according to a statement carried by the media of the Patriotic Union of Kurdistan, that "there is a general trend that it is necessary for the new government to draw its financial policies on its own and not the caretaker government, so I think the budget will be left to the new government."
He continued, "Even if the current government sends the budget to the House of Representatives, some blocs have announced their rejection of the budget, so you will face rejection within the House of Representatives."
He pointed out, "The budget will be left to the new government and may be sent to the House of Representatives early next year." Ended 29 / h

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1 hour ago, gregp said:


Doesn’t a rate increase have to be voted on and approved by parliament, AFTER the Prime Ministers cabinet approves it?
Without a government, there’s no budget approval, IMO, there’s no increase coming in January. We have a possible wait.......July at the earliest.....maybe. 

Thanks Yota. 

As I recall, Adam has said that it's totally up to the Central Bank.

I'm sure I'll be corrected soon if my recollection is mistaken.

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The budget is the least of these thieves problem. Forget the budget, forget the laws, forget everything until they dissolve this bunch of crooked do nothing idiots. 

If it takes until next summer for a new government to be elected so be it but at least a. change for the good of the people will be coming....

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Iraq is looking for a legal way out to approve the 2020 budget

Political 05:49 - 15/12/2019

image.png.6c97a7366fe425dc0482c3ba99907b71.png

https://www.mawazin.net/Details.aspx?jimare=77333

 

 

Baghdad - Mawazine News
The Federal Budget Law of 2020 faces the risk of postponement or cancellation after the transformation of the current government into a "caretaker" government, after the resignation of Prime Minister Adel Abdel-Mahdi, while political blocs are looking for a "legal way out" to pass the law before the end of the current year.
The government spokesman, Saad Al-Hadithi, announced earlier that the Prime Minister is looking for legal ways in which the caretaker government can propose a draft law and send it to Parliament, justifying the delay in the budget law and its failure to complete it earlier this year with the government's keenness to include a draft Budget law demands the demonstrators.
Abdel-Mahdi confirmed on December 4 that the powers of the current government are limited, indicating that it cannot send a draft budget law for 2020 to parliament.

Legal problem
In Article 62, the Iraqi constitution gives the government the right to propose laws, including preparing the country’s general budget law and the final account and sending it to parliament for voting, but turning it into a “caretaker government” that limits its activities to normal and routine matters only.
According to a report published by The Independent newspaper, legal expert Ali Al-Tamimi said, "Parliament is obliged to resort to the 12/1 budget for financial management in Article 13 as it happened in previous years, and that such spending is for the operational budget only without spending any amounts for the investment budget." .
Al-Tamimi asserts that "if the government violates the constitution and sends the budget to parliament, this step is subject to appeal before the Federal Court."
But some sources talked about the possibility of sending the budget bill to parliament if the date of its preparation is old and before the government submitted its resignation on November 28th, which is a risky move, especially if it includes passing financial agreements between the blocs and the Iraqi parties and was subsequently challenged. At the Federal Court.
According to Member of Parliament’s Finance Committee, Ahmed Hama, the budget will reach Parliament soon, despite the Prime Minister’s assurance that he is unable to do so.
Hama confirms that "the caretaker government is not able to send the budget, but the current government is able to send it based on the letter of acceptance of the government's resignation indicating the formation of committees and sending the budget to parliament."

Situations
The positions of the political blocs differ from the proposed draft of the general budget, especially with regard to the share of the Kurdistan region, where the Arab blocs refuse to allocate 17 percent to the region after he refused to implement an agreement last year to deliver Baghdad 250 thousand barrels per day of Kurdish provinces oil in exchange for the inclusion of the region's employees in the federal budget .
However, Kurdish leaders spoke last month about a new agreement with Abdul Mahdi on the budget, and confirmed that the delegation of the Kurdistan Regional Government to negotiate with Baghdad was able to conduct successful negotiations on the region's share of the Iraqi budget, and 15 paragraphs of the sovereign budget were canceled, thus increasing the region’s budget Kurdistan, and Iraq will pay the expenses of transporting 250 thousand barrels of oil that the region will deliver to Iraq. As for the region, it will pay the dues of the National Oil Company "Sumo".
On the other hand, the southern oil-producing provinces refuse to implement any agreement with the Kurdish side that does not include holding Erbil accountable for the oil it was exporting without Baghdad’s approval and its failure to implement previous agreements.
The deputy of Basra Governorate, Mansour Al-Baiji, believes that the outgoing Prime Minister "favored" the Kurdistan Regional Government a lot by giving a budget to the region and paying money during his rule.
Al-Baiji added, "If the Kurdistan Regional Government is sincere in intentions with the central government, then it must wait until a new prime minister is chosen, with whom he can agree on all oil and financial matters in order to guarantee the rights of all of our provinces."

Great deficit
And the expected deficit in the draft budget law for the next year is very large and may reach 70 trillion Iraqi dinars (more than 50 billion dollars), according to the copies published by the government, and the matter may be worse if oil prices fall below 60 dollars per barrel.
And if investment projects are halted because exchange is limited to salaries, the Iraqi economy will be severely damaged. Ended 6/29 n

 

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Parliamentary Finance: The 2020 budget will be passed by Parliament next March

Baghdad / Obelisk: The Parliamentary Finance Committee confirmed, Sunday, December 15, 2019, that the draft federal budget law for 2020 will reach the House of Representatives at the beginning of next year, while it indicated that Parliament will discuss the budget during the next two months and pass it next March.

Member of the Committee Siham Shannon said that the ministerial committee formed regarding studying the federal budget bill for 2020 will complete its procedures at the beginning of next year, pointing out that the budget will reach Parliament in January next year.

She added that the House of Representatives will be discussed for the budget law for a period of two months and presented to the vote and may be passed in next March, indicating that the country will not face financial problems under these conditions and all dues from salaries and other financial obligations will be paid.

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LMAO!!!! What happened to all the articles saying the budget was done an agreed by everyone an was being sent to parliament to vote on? 

That country is so screwed up none of them knows what day of the week it is....

Here's to more waiting....

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10 minutes ago, 6ly410 said:

According to Member of Parliament’s Finance Committee, Ahmed Hama, the budget will reach Parliament soon, despite the Prime Minister’s assurance that he is unable to do so.
Hama confirms that "the caretaker government is not able to send the budget, but the current government is able to send it based on the letter of acceptance of the government's resignation indicating the formation of committees and sending the budget to parliament."

DO IT!

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  • yota691 changed the title to Parliamentary Finance: Next year's budget will be about 162 trillion dinars

Parliamentary Finance: Next year's budget will be about 162 trillion dinars

 
Baghdad / Al-Sabah
 
 
The Parliamentary Finance Committee revealed that the government resorted to implementing a temporary budget for the first three months of the next fiscal year, and while it suggested that the budget for the year 2020 would reach about 162 trillion dinars and a financial deficit of more than 48 trillion dinars, the economist Bassem Antoan warned of the government's resort to external borrowing To pay off the budget deficit, stressing the need to activate the private sector to absorb millions of unemployed people

The decision of the Parliamentary Finance Committee, MP Ahmad Al-Saffar, said in an interview with Al-Sabah: “The Financial Management Law obliges the government to send the budget bill to Parliament on October 10 of every year, but next year’s budget has been delayed due to what the country is witnessing. From the rapid demonstrations and events that led to the resignation of the government and the transformation of the government into a caretaker, ”pointing out that the current Prime Minister stated that his government is caretaker and he is not entitled to send bills to Parliament, but only to conduct the daily affairs of the state.

 
Budget completed
He added, "The government is proceeding with implementing a temporary budget, as happens every year by applying the budget at a rate of 1/12 for the first three months of next year, but it includes operational spending only without investment or job grades, contracts, etc. Only the conduct of business until the budget is complete," pointing out that the Secretariat The Council of Ministers formed a committee to review the budget and it can be discussed under the chairmanship of the President of the Republic and send it to Parliament as soon as possible.
He pointed out that «the Finance Committee needs time from 40 days to 45 days to discuss the budget and in all cases, the budget will be delayed until the second month of next year at the very least and be implemented, perhaps in the third or fourth month of the next year».
 
Investment expenses
Regarding the size of the 2020 budget, Al-Saffar said: “During our contact with some members of the budget committee headed by the Council of Ministers, they assured us that the budget is estimated at 162 trillion dinars in general expenses, and revenues amount to 114 trillion dinars, meaning that there is a large deficit.” 
He explained that «the proportion of investment expenditures each year ranges between 25 to 30 percent, but in the budget for the next year will differ, despite the operating expenses that began to expand at the expense of investment in each year due to increased expenditures, especially job grades and the launch of financial grants for the unemployed and housing projects, etc.», Stressing that the 2020 budget will not differ much from its previous budget budgets.
 
External lending
For his part, the economist, Bassem Jameel, warned of the government's resort to external or internal borrowing in paying the budget deficit, calling for the necessity of activating the private sector to absorb millions of unemployed people and provide the budget with additional funds.
He said in an interview with "Al-Sabah": "There is a mistake in the composition of the budget, so that it is an operational par excellence, as it reaches 75 percent and 25 percent is an investment that is not usually implemented," pointing out that the defect lies in the fact that the state limits job opportunities to government jobs.
 
Increase employment
He pointed out that "the state is packed with a surplus of more than 3 times its need for employees. Unemployment cannot be addressed by increasing employment, but it can resort to the private sector to absorb the millions of unemployed and the budget will be supplemented with additional funds."
He added that «the private sector has about 8 million members, if the productive sectors such as industrial, agricultural and tourism are activated, it will occupy double numbers of the unemployed
 about job".
He explained that «one of the treatments recorded in the budget to pay the deficit is resorting to borrowing and this is a big mistake, it is not possible to increase debts, because that has great burdens and dangerous consequences for the Iraqi economy because the loans are conditional on political terms
 Harm the country. ”
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15-12-2019 08:04 PM
image.php?token=487947c200719109af7ab5953eb4a5e4&c=6076960&size=
 


 

Baghdad - news

The Parliamentary Finance Committee revealed today, Sunday, the solutions circulating in Parliament to solve the problem of the failure of the  Federal Budget Budget Bill 2020 to reach the House of Representatives so far.

The committee's rapporteur, Ahmad Al-Saffar, told Al-Ikhbaria that "we are still waiting for the budget bill to reach parliament this week, and there are discussions to search for a legal way out, including addressing the president of the republic to send it quickly."

He added: "The resigned Prime Minister, Adel Abdul Mahdi, confirmed that the caretaker government cannot send the budget to Parliament." He pointed out that "  in the event that the budget does not reach the parliament, we will have to return to the Financial Management Law No. 6 of 2019, which requires Disbursement at 1/12 of the 2019 budget, and this will only include operating budget expenditures, i.e. employee salaries, not others. ”

Al-Saffar said, "The Budget Committee in the Ministry of Finance provided us with information that the budget of 2020 is estimated at 162 trillion dinars, and the rate of public revenues in it is about 114 trillion dinars, and the deficit rate is 48 trillion dinars."

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Parliamentary Finance: The Abd al-Mahdi government used the region's development funds for service projects only

 

35369.jpg?watermark=4
 

Baghdad - Iraq today:

 

The Parliamentary Finance Committee revealed, on Monday, that the government uses 60% of the region's development funds for service projects in all governorates of the country.

Member of the Committee, Siham Shannon, said that the Financial Management Law voted on will revert the funds of service projects without returning them to the government.” Noting that “the government used 60% of the region’s development funds for service projects in all of the country's governorates only.”

She added that "the government did not use all the funds due to the country's widespread protests and demonstrations and its concern in this regard," noting that "the government will continue to complete strategic service projects and allocate sufficient funds through the 2020 budget to complete it completely."

The Parliamentary Economy and Investment Committee confirmed, the day before yesterday, Saturday, the government’s intention to send a draft of the 2020 budget law as scheduled, stating that the budget will include the demands of the demonstrators

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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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